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So how does this end? Michael Hudson: Ha! The same way that Rome ended. In Rome the oligarchy always overreached itself, impoverishing the economy. In Rome that led to a Dark Age. We’re going to be entering something like that at the end of summer in this country, because you’re going to have many homeless pouring onto the street, many families losing their homes, small businesses who’ve had to go under, medium-sized businesses that have decided to sell out to the large private capital funds. The economy is not going to look very pretty... When do they pass out the pitchforks and torches? Oh right, we already live in a police state, so no worries.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismDue nowMichael Hudson | President of The Institute for the Study of
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So how does this end? Michael Hudson: Ha! The same way that Rome ended. In Rome the oligarchy always overreached itself, impoverishing the economy. In Rome that led to a Dark Age. We’re going to be entering something like that at the end of summer in this country, because you’re going to have many homeless pouring onto the street, many families losing their homes, small businesses who’ve had to go under, medium-sized businesses that have decided to sell out to the large private capital funds. The economy is not going to look very pretty... When do they pass out the pitchforks and torches? Oh right, we already live in a police state, so no worries.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismDue nowMichael Hudson | President of The Institute for the Study of
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Mike Norman considers the following as important:
This could be interesting, too:
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So how does this end?
Michael Hudson: Ha! The same way that Rome ended. In Rome the oligarchy always overreached itself, impoverishing the economy. In Rome that led to a Dark Age. We’re going to be entering something like that at the end of summer in this country, because you’re going to have many homeless pouring onto the street, many families losing their homes, small businesses who’ve had to go under, medium-sized businesses that have decided to sell out to the large private capital funds. The economy is not going to look very pretty...When do they pass out the pitchforks and torches? Oh right, we already live in a police state, so no worries.
Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
Due now
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University