TheBigPictureRT·Jan 11, 2013
Dr. Michael Hudson, Institute for the Study of Long-Term Economic Trends, joins Thom Hartmann. The United States is the only developed nation in the world that doesn’t guarantee paid holidays, paid annual leave, or paid maternity leave. They’ve taken away our sense of safety in the workplace – as safety laws and regulations are continually getting watered down.
Heck, they’ve even taken our money by flattening our wages during a time of increased productivity. And in New Hampshire – Republicans are doing the bidding if Corporate America to get rid of our lunch breaks. This is nothing short of theft – and pretty soon, we’ll be handing over the shirts on our backs, just so our bosses can squeeze out whatever profits they can. It’s also symptomatic of a larger war being wages on not just working people – but entire cities and even our federal government by the financial elite.
Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His new book summarizing his economic theories, The Bubble and Beyond, is now available. His latest book is Finance Capitalism and Its Discontents. He can be reached via his website, email@example.com.