Who Debt Works For - Dr. Michael Hudson (Part 1/2)

Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, a political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. We talk about GDP is a false marker of prosperity, the growing influence of the rentier class, fantasies of joining the one percent, and why there’s never going to be another debt jubilee, even if it means the whole system has to fall apart. We continue the conversation about possible solutions in part 2, which will be released on Thursday. In the meantime, check out Dr. Hudson’s books: https://amzn.to/44F6J7n 00:00:00 Go! 00:00:16 Who is Michael Hudson 00:16:39 Patreon Ask 00:16:47 Who does the economy work for? 00:22:15 Redlining and the Aspiring Rentier Class 00:26:25 Fantasy of the 1% 00:33:00 Real estate always rises 00:37:40 How governments and CIA betray the people 00:43:55 Rhetoric vs reality in the demagogue 00:45:45 Antiquity, Oligarchs, and Debt 01:01:12 Debt cancellation 01:10:29 Debt free life 01:14:31 Financial capital's destructive force 01:19:32 What oligarchs do 01:23:36 Depopulation agendas Support the scientific revolution by joining our Patreon: https://bit.ly/3lcAasB Tell us what you think in the comments or on our Discord: https://discord.gg/MJzKT8CQub#structuredwater #spore #pain Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671