In one of the most compelling interviews of recent times, Michael Hudson talks about economic warfare like few others. In a wide ranging interview discussing the GFC via his recent experiences in Iceland, of UK financial powerplays and the dominance of the Rubinomics banksters, the speed of thought and analysis that Hudson displays is what we need in this world of diplomatic doublespeak. The 2nd half of the interview is dominated by a piercing critique of Marxism. Make yourself that hot cuppa and arm yourself with essential information.
May 2nd, 2009 at 12:43 pm
I just re read John Ralston Sauls ‘ The unconscious Civilization’,
I read in 1997.
P26-:’ But there is no need for a conspiracy, These are structures managed by a servants Their logic is public and self evident. Complex long range conspiracies require conscious leaders. To treat the technocrats as such is to give credence to their illusions about themselves’. For them to be conscious would entail they had a conscience and responsibility with power. “decisiveness at the exspensce of thoughfulness.
They say ‘we should never let a crisis like this pass us by’ But A Crisis unfortunately requires thought. Thought is not a management function.
May 3rd, 2009 at 4:00 pm
I listened to this very fast moving interview. At the end I searched “guns and butter” looking for a transcript which would be easier to digest. That took me to http://www.gunsnbutter.com/ which is a fake funny news site, and I felt like it really was a joke after all. Then I searched “Michael Hudson” and he seems real enough.
Anyone that thinks this interview is compelling must know something I don’t. The man sounds possessed. Off with the fairies. He is the only person in the world that knows the answer, and everybody else is wrong. Hmmm.
May 4th, 2009 at 9:21 am
Yes David it would be handy for peak oilers to understand how other natural resources are gamed in the economic stratosphere.
Hudson is a straight shooter. He isnt the only one saying this and is quite open about that. Watch Harrison for more.
His critique of Marx is superb. How many marxists have read all of Das Capital vol 1 – 3?
May 6th, 2009 at 9:18 am
My own research and study of economic history supports much of what Michael Hudson conveys in this interview. As someone of the people who worked for 35 years in the financial services sector (the last 20 as a market analyst and business manager for Fannie Mae in the U.S.) I have a somewhat different take on the origins of this current financial meltdown.
I have been giving talks to groups in which I go through some events and policy shifts that Michael has not covered. If anyone would like a copy of this talk (which is a Powerpoint with my lecture notes), feel free to send me an email request at ejdodson@comcast.net.