Tag Archives: The Destiny of Civilization

Pepe Escobar REVIEW of DESTINY In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the ‘dream civilization’ imposed by the 1 percent. By Pepe Escobar, posted with the author’s permission and cross-posted with The Cradle Michael Hudson’s new book on the world’s urgent global economic re-set is sure to ruffle some Atlanticist feathers. With The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism,...

“The decline of the West is not necessary or historically inevitable. It is the result of choosing policies dictated by its rentier interests. … The threat posed to society by rentier interests is the great challenge of every nation today: whether its government can restrict the dynamics of finance capitalism and prevent an oligarchy from dominating the state and enriching itself by imposing austerity on labor and industry. So far, the West has not risen to this...