Michael Hudson is a fascinating guy. He spent time in Mpls when younger. His dad was arrested for sedition under the Smith Act for leading the Mpls general strike. He is Leon Trotsky's god son!
He self describes as a classical economist. I have read several of his books. It took some time to sink in. IMO he is right about everything. His use of the words socialism rub be the wrong way.
Michael Hudson talks about China resisting US efforts to make it a financialized rent seeking parasitical economy rather than a productive economy.
30 min long. He has longer versions of his analysis.
https://youtu.be/LAwFs22RmqwRenegade Inc | China’s Fortune Cookie Crumbles
1,683 views
Premiered 3 hours ago
With China’s increasing wealth, Western investors want some of the action… One of those investors is a bullish gentleman called George Soros, however the Chinese are acutely aware that with western investment comes inequality – so as Beijing begins to rethink how to do proper economic growth, we ask will China learn from Western mistakes?
Ross Ashcroft is joined by economist and author Michael Hudson to discuss the West's attempts to turn China Neoliberal.
If you ever have the time, here is a one hour long fascinating video of his life. he spent most of his professional life working in the capitalist beast. Citibank. Big oil companies. He worked directly with David Rockefeller at Standard Oil.
I have watched this several times.
https://youtu.be/hH9pzzIIEj4Michael Hudson - Life and Thought 20180507
