Michael Hudson on Neoliberal Ideology

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Full Episode: • Michael Hudson: Neolib...
Robinson's Podcast #180 - Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and President of the Institute for the Study of Long-Term Economic Trends. He researches domestic and international finance, the history of economics, and the role of debt in shaping class stratification, among many other topics. In this episode, Robinson and Michael discuss this last subject. They begin broadly, with how as an economist Michael even thinks of debt, and move on to questions concerning the rentier class, industrial capitalism usury, and neoliberalism, as well as Michael’s beliefs about what must be done to save the economy. Michael’s most recent book is The Collapse of Antiquity (ISLET, 2023).
Michael’s Website: ⁠michael-hudson.com⁠
The Collapse of Antiquity: a.co/d/0TMt9Sh
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University. Join him in conversations with philosophers, scientists, weightlifters, artists, and everyone in-between.
Robinson's Website: robinsonerhardt.com

[@pecan11]

I love MIKE HUDSON He is exemplary in his explanations

[@lesleyrobertson5465]

I hate being stuck in a PAYE box while the rich steal money from tax payer and suck money upwards.

[@gerhard7323]

Privatized Thames Water's years of profits didn't trickle down into the wider UK economy sadly. Much of them trickled out the country much as the water still does out of the leaking pipes they've consistently failed to fix.

[@albertlevert5725]

I think this kind of neoliberalism is mainly popular in anglosaxian countries. Keep in mind, neoliberalism is no monolith. In German speaking countries for instance we practice ordoliberalism (in German called Freiburger Schule) which is part of the neoliberal spectrum but with fail safes in order to make sure also smaller market members get at least a fair chance and to avoid situations like you described in the London Water example. I think it’s the perfect mix of meritocracie and social responsability.

[@gerhard7323]

Wealth is being 'sucked up'. At least according to a recent Fortune magazine post, America's top 10% are today $28trn richer than they were in 2020. Yep, that's 'trillion'.

[@alphaomega1351]

Are you sure that's trillion? 🤔

[@gerhard7323]

@@alphaomega1351 If link doesn't appear. Google Fortune $28 trillion.

[@gerhard7323]

Third reply now removed by YT. Google it.

[@gerhard7323]

@@alphaomega1351 Fourth reply now deleted.

[@gerhard7323]

If you're not in any position to avail yourself of 'the magic of compound interest' enjoyed by rentiers with surplus income then, by deduction, 'they' will always get richer at your expense.

[@maureenmee6205]

My conscience is more important than my bank account

[@counterflow5719]

Don't call it neoliberal, dont call it neoclassical, if what you mean is "counterliberal" or counterclassical". You are just muddying the waters.