The Paradox of Financialized Industrialization — by Michael Hudson

Interesting stuff. Hudson’s theory makes sense of much of what seems to be misstated by too many. Comprehensive enough to inform.

Taking Sides

Source: Michael Hudson / and a hat tip to Manda over at OffG for this . . .
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The Paradox of Financialized Industrialization

By Michael    ChinaFinancial sectorMarxwall st  Permalink

These remarks were made at the World Congress on Marxism, 2015, at the School of Marxism, Peking University, October 10, 2015. The presentation was part of a debate with Bertell Ollman (NYU). I was honored to be made a permanent Guest Professor at China’s most prestigious university.

When I lectured here at the Marxist School six years ago, someone asked me whether Marx was right or wrong. I didn’t know how to answer this question at the time, because the answer is so complex. But at least today I can focus on his view of crises.

More than any other economist of…

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