Michael Hudson Interview - Financial Parasites

[ponda]

From Counterpunch.org (http://store.counterpunch.org/michael-hudson-episode-19-2/)


Interesting perspective on the global financial system. How it works, who benefits and what is really going on behind some of the global geopolitical chess moves etc



This week, Eric has an in depth conversation with economist Michael Hudson, author of the new book Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy (http://store.counterpunch.org/product/killing-the-host-digital-book/).

Eric and Prof. Hudson discuss the evolution of finance capital from its humble parasitical beginnings to the comprehensive global network of economic tapeworms and barnacles that it is today. They examine neoliberal terrorism, how debt is used as a weapon, and the disastrous effects of the financialization of the real economy.

Hudson outlines the relationship between the parasites and their bloodsucking policies of austerity, providing insight using the example of Latvia, where he witnessed first hand the smash-and-grab nature of such prescriptions. Plus, Eric and Michael touch on Obama as Wall Street errand boy, the importance of left economic organizing, and much much more.


https://media.blubrry.com/counterpunch_radio/p/ia601500.us.archive.org/14/items/CPRadioEp19Hudson/CP-Radio-Ep19-Hudson.mp3



His book - Killing The Host: How Financial Parasites and Debt Bondage Destroy the Global Economy (https://www.amazon.com/Killing-Host-Financial-Parasites-Bondage/dp/3981484282/ref=sr_1_1?s=books&ie=UTF8&qid=1472359618&sr=1-1&keywords=killing+the+host+how+financial+parasites+and+debt+destroy+the+global+economy)

https://images-na.ssl-images-amazon.com/images/I/51tpY%2BVsJqL._SX346_BO1,204,203,200_.jpg

[boutreality]

This interview relates a valuable conceptual understanding of a large part of the problem with how the world is run.

[ponda]

This interview with Michael Hudson covers a lot of ground and gives his interpretation of what's going on and coming up in the global financial system. Very interesting imho. For anyone who is interested.

cheers



The New Global Financial Cold War with Michael Hudson

Dr. Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia; implications of the four policy changes at the International Monetary Fund in its role as enforcer of inter-government debts; the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO; the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank; the Trans Pacific Partnership Treaty; the China International Payments System (CIPS); WTO investment treaties; Ukraine and Greece; different philosophies of development between east and west; break up of the post WWII dollarized global financial system; the world dividing into two camps.

https://archives.kpfa.org/data/20160203-Wed1300.mp3

mp3 link: https://archives.kpfa.org/data/20160203-Wed1300.mp3

or listen and download here: https://soundcloud.com/guns-and-butter-1/the-new-global-financial-cold-war-michael-hudson-339