Financialization and De-Industrialization
Paul Jay, the former CEO of The Real News Network, now is founder and publisher of theAnalysis.news and President of Counterspin Films.
On November 2, 2020 he invited the renowned economist Michael Hudson on theAnalysis.news.
Michael Hudson is professor of economics at the University of Missouri, Kansas City, and a researcher at the Levy Economics Institute at Bard College. He’s also a former Wall Street analyst.
Jay and Hudson began by discussing whether Trump policies have brought jobs and industries back home – as Trump still claims. They also discuss the huge and mounting Covid related debt of ordinary people and the need for writing it down.
Michael Hudson elaborates on the difference in the amounts of money in the Covid stimulus plan – with about $8 trillion going to the one percent and $2 trillion to the rest of us.
The full 49 minute conversation is free on the website of theAnalysis.news – and there is also a transcript.
Podcast: Play in new window | Download (Duration: 29:00 — 39.8MB)
