Professor Hudson: financialization is suffocating the economy

This is a recording of a webinar with professor Michael Hudson held 27 May 2021. Hosted by Jussi Ora, Positiva Pengar Sweden. You can read a transcript here: https://positivapengar.se/event/hudso...

More and more economists state that we have created a “financialised” economy where it pays more to passively own than to work, to run companies or in general to do things that benefits society. The financiers are becoming increasingly powerful and richer, while households, business owners and society must tighten their belts. Why do we accept this?

Professor Hudson tells us how economic and historical myths about money, debt and value have been used to justify an economic system that benefits financiers at the expense of everyone else.