Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.
Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t lose their investments.
On this episode of David Harvey’s Anti-Capitalist Chronicles, Prof. Harvey talks about the economic uncertainty Americans are experiencing: job loss, indebtedness, inflation. The stock market is flourishing, but only the top 10-20% of the US […]
This is a talk held by Ann Pettifor on 15 September with the subject “Financial capitalism 10 years after Lehman Brothers (Inciting uprisings against the imperious government of finance capital)”, in Berlin at the Monarch […]
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At the end Ben says it’s a house of cards. He should just do what Michael Hudson suggests, i.e. read upon MMT. MMT has a lot of excellent explanatory material out on the web.