Ever since the heads of East India Trading Company (1600) and Hudson Bay Company (1670), were incorporated by English Royal charters, there have been corporate dictators. Their range and actions, have varied widely however. Today’s new corporate dictators shatter past restraints.
theAnalysis-news on Dec 23, 2020
Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
TheRealNews on Aug 4, 2017
Rising stock prices is not an indicator of financial health like Trump would have you believe, specially when you examine who is buying that stock, says economist Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy.
The other day, I stood outside the strangely silent building where I began life as a journalist. It is no longer the human warren that was Consolidated Press in Sydney, though ghosts still drink at the King’s Head pub nearby. As a cadet reporter, I might have walked on to the set of Lewis Milestone’s The Front Page. Men in red braces did shout, “Hold the front page”, and tilt back their felt hats and talk rapidly with a roll-your-own attached indefinitely to their lower lip. You could feel the presses rumbling beneath and smell the ink.