Prof. Michael Hudson on the Rentier Economy
Polarization, Then a Crash In December 2020, Lynn Fries, founder and producer of GPEnewsdocs interviewed the economist Michael Hudson. Lynn’s focus is on the global political economy.
Among contemporary economists Michael Hudson uses and refines terms that explain the specific brand of today’s finance capitalism. That includes the acronym “FIRE” and the term “Rentier Economy”. The FIRE sector, says Hudson, stands for Finance, Insurance and Real Estate. Hudson uses the term to make clear that we are experiencing a huge power shift from industrial to finance capitalism.
Lynn Fries wrote in a brief introduction on her website that she wanted to explore with Michael Hudson how: “Allied with landlords and monopolists, this powerful finance sector is extracting economic [ . . . ]
Podcast: Play in new window | Download (Duration: 29:00 — 39.8MB)