Clip from the documentary "In Debt We Trust" (2007), economist Michael Hudson describes how our current debts will never be paid, and houses rarely paid off, creating what he calls 'serfdom with a choice'.
It is still a class war. The creditors are tool for the "employers" and corporations. I think Hudson's theories are extremely important but there are so many other ways that workers and lower classes, including the middle class, are being exploited by the haves.
Man cannot invent a security system that can't be defeated. Any social system will permit some corrupt who seize political control for personal gain, incl business.
Eliminating ANY system is no answer. As a complex human society we LIKE systems for what systems offer, convenience and prosperity.
USSR had little wealth disparity compared to USA, but severe poverty after Clinton (Obama) economists "helped" them transition to "free markets" i.e. looting and garage sale.
dilbert, i dont know if what u say is true. the initial point maybe, but the second, i disagree. socialism does level everyone out, meaning equally poor, in the words of larry bates, but also creates a wealthy ruling elite
HAHAHAHAHAHLOLOLOLOLOL
America loves to send jobs to China, screw the American worker. Low wage baby, thats how the rich got filthy rich and America got bent over.
rickbar123 1 year ago
It is still a class war. The creditors are tool for the "employers" and corporations. I think Hudson's theories are extremely important but there are so many other ways that workers and lower classes, including the middle class, are being exploited by the haves.
canaan1967 1 year ago
too bad it is the only way we'll get social change in this country.
Ratama 1 year ago
Man cannot invent a security system that can't be defeated. Any social system will permit some corrupt who seize political control for personal gain, incl business.
Eliminating ANY system is no answer. As a complex human society we LIKE systems for what systems offer, convenience and prosperity.
USSR had little wealth disparity compared to USA, but severe poverty after Clinton (Obama) economists "helped" them transition to "free markets" i.e. looting and garage sale.
dilbertgeg 2 years ago
dilbert, i dont know if what u say is true. the initial point maybe, but the second, i disagree. socialism does level everyone out, meaning equally poor, in the words of larry bates, but also creates a wealthy ruling elite
eusurfer 2 years ago
Dumbass mf-ers on other vids must STOP saying this is socialism.
The main point of Fascism is protecting super rich from the proles, with a focus on nationalism and ethnicity.
The point of Socialism is destroying the super-rich and wealth-leveling, egalitarianism.
Polar opposites.
Which is Obama doing?? To whom is Obama offering protections, mostly??
Ellen Brown analysis "Weimar Hyperinflation" explains from a non-Nazi viewpt what Hitler did right -- stopped speculation & short selling.
dilbertgeg 2 years ago
I love michael Hudson.. truth teller.
1adadada 2 years ago