[unable to retrieve full-text content]Michael Hudson unpacks the realities of modern banking, economic rent, and financialization. He explains how banks create credit, why Western financial systems differ from China’s, and how economic rent distorts markets. Hudson critiques the multiplier effect, arguing that debt-driven economies are unsustainable. He also explores the evolution of capitalism, discussing Marx’s labor theory of value and the role of industrial capitalists in reshaping economies. From NATO expansion to misguided war spending, he highlights how financial priorities shape global politics. If you're looking for insights on banking, economic rent, and how financial systems impact real-world economies, this deep dive into Hudson’s perspectives will challenge conventional
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Michael Hudson unpacks the realities of modern banking, economic rent, and financialization. He explains how banks create credit, why Western financial systems differ from China’s, and how economic rent distorts markets. Hudson critiques the multiplier effect, arguing that debt-driven economies are unsustainable. He also explores the evolution of capitalism, discussing Marx’s labor theory of value and the role of industrial capitalists in reshaping economies. From NATO expansion to misguided war spending, he highlights how financial priorities shape global politics. If you're looking for insights on banking, economic rent, and how financial systems impact real-world economies, this deep dive into Hudson’s perspectives will challenge conventional thinking.
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