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Chris Hedges and Michael Hudson: Putting the Interests of the 1% over the 99%, the Economies are Committing Financial Suicide

cancel the debt

Image by Friends of the Earth International via Flickr

with Michael Hudson and Chris Hedges
Writer, Dandelion Salad
December 15, 2018

Originally on RT America on Dec 15, 2018

The Chris Hedges YouTube Channel on Jul 6, 2022

Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.

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 …and forgive them their debts, J is for Junk Economics (2017), 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 Michael Hudson, mh@michael-hudson.com.

From the archives:

Ellen Brown: The Unsustainable Burden of Student Debt

It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Michael Hudson: Jesus Would Have Cancelled The Debt But Obama Bailed Out Wall Street

We Now Live Under The Rule Of A Rentier Capitalism by Paul Street

Michael Hudson, Stephanie Kelton, et al: Why Monetary Theory and Policy Is a Critical Terrain For the Left (Left Forum 2018)

“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

The Early Christian Communists by Roman A. Montero

How Bankers Became the Top Exploiters of the Economy by Michael Hudson

If We Don’t Solve The Problem Of Economic Polarization, We’re Going To Go Into Another Dark Age by Michael Hudson