Michael Hudson, guest on the latest It’s Our Money podcast, says our “neo-feudal” system is on the verge of collapse
In the latest It’s Our Money podcast, PBI Chair Ellen Brown and co-host Walt McRee speak with renowned economist Michael Hudson, member of the Public Banking Institute Advisory Board. Walt introduces the episode:
Neoliberalism’s Death Knell?
The global economic devastation produced by market-driven profiteering has resulted in distressed and deprived citizens taking to the streets by the hundreds of thousands in cities around the globe and continues its destructive exploitation of our planet’s resources. The culprit is an aging “neo-liberal” economic system which produces historic social inequality while consolidating power in the hands of a few. Our guest, renowned economist Michael Hudson, says this system is more neo-feudal than neo-liberal – and that its inherent excesses are on the verge of bringing it down. Ellen reports that one example of its demise may be in Mexico where its new president is creating new public banks to help address some of its neo-liberal market inequities.