THE BROADER VIEW: How Finance Capitalism Ruined the World

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Michael Hudson • Steve Keen

Throw your Samuelson in the trash. Everything you learned in Econ 101, the sacred catechism of Neoclassical economics, is pure self-serving ideology, not a science.

How Finance Capitalism Ruined the World - Dr. Michael Hudson & Dr. Steve Keen, DSPod #203
Nov 12, 2023 DemystifySci Podcast
Dr. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. Dr. Steve Keen is an Australian economist and author. A post-Keynesian, he criticizes neoclassical economics as inconsistent, unscientific and empirically unsupported. Our conversation examines the false dichotomy of capitalism v. socialism and considers the true dichotomy, which is industrial capitalism v. finance capitalism. Hudson and Keen argue that the transition to finance capitalism, where unearned income is considered economic growth, has truly sown the seeds to ruin the world. Tell us what you think in the comments!

Support DSPod and the guests when you pick up their books here: Hudson books: https://amzn.to/3Sx6k43

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