#michaelhudson — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #michaelhudson, aggregated by home.social.
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The Spoils of Oil Wars
You do not need a conspiracy theory when you have a balance sheet. The Iran war has eliminated America's two main rivals in the global LNG market. Senator Lindsey Graham told us it was a good investment. He was not wrong. -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
CW: Long thread/29
And far from regretting this, she went on to write elaborate justifications for the cruel policies she helped administer.
The historian #MichaelHudson describes #debt and #DebtCancellation as a key determinant of whether a given civilization survives. In every venture, producers have to borrow capital from lenders - farmers, for example, must borrow to pay for seed and fertilizer and labor. When the ventures are successful, the borrowers pay back the lenders.
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