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Michael Hudson: The Orwellian Turn in Contemporary Economics (Part 1)

capitalism

Image by Mary Crandall via Flickr

with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
November 17, 2016

TheRealNews on Nov 16, 2016

Economist Michael Hudson sits down with Sharmini Peries to talk about the elections and his new book J is for Junk Economics.

Transcript

Michael Hudson is 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 author of Killing the Host (2015), The Bubble and Beyond (2012), Super Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy (1992 & 2009) and of The Myth of Aid (1971), amongst many others.  He can be reached via his website, mh@michael-hudson.com.

from the archives:

Michael Hudson: Taxes Were Shifted Off the Rich and Onto Homeowners (Part 3)

Michael Hudson: Donald Trump Wants to Make the 1% Even Richer (Part 2)

Break Up the Democratic Party by Michael Hudson + Hudson: The Great Moderation (Part 2)

I Would Love to Share in Your Incredulity by Thomas S. Harrington

Chris Hedges: The Liberals Gave Us Trump–What Will a Trump Presidency Be Like?

Michael Hudson: Hillary Clinton Will Be a Vindictive Dictator (Part 1)

Abby Martin: Capitalism Cannot Be Reformed–Seize All the Banks–Dismantle the Empire!

Michael Hudson: How Long are People Going to be Willing to Live in this Illusion?

The Insider’s Economic Dictionary – Part A by Michael Hudson

14 thoughts on “Michael Hudson: The Orwellian Turn in Contemporary Economics (Part 1)”

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  9. Thanks Lo for posting these Hudson videos. I admire his practiced grasp of the facts.

    I constantly struggle with the complex technical jargon, language and syntax of (politico-)economic theory, value and price, and so on, although it is very well explained here; so the general drift I get (from all these talks) is that the ‘real’ economy (ie of ‘honest’ work and necessary ie community based productivity) is now totally disconnected from this intensely urbanized ‘virtual’ investment climate (hmmm…,) a negativized meta-system contrived from and consisting solely of venture-capitalist ‘financial instruments’ ~ entirely dislocated from everyday existence (& therefore divorced from the critical underpinnings of the global ecosystem.)

    However, I’m not yet sure whether Michael has truly embraced the ecosystem idea, (the core of agro-ecological economics) ~ the recognition that any authentic economic theory or practice must be a functional subset of irreplaceable planetary ecosystem ‘services; ‘ the coherent realization that any healthy economy MUST be necessarily embedded in actual Earthly experience ~ rooted (literally,) in empirical, local and universal biosphere-realities ~ not engineered from abstract (fractal?) algorithms devised by Wall St PhD’s ‘quants….’ In short, that the truly threatened ‘host’ is actually our living planet itself.

    Am I anywhere close, or am I missing something entirely?

  10. Pingback: Break Up the Democratic Party by Michael Hudson + Hudson: The Great Moderation – Dandelion Salad

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