The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization

You’re having a whole split of the world into two opposing economic systems. China is not a rival for America. America is not trying to industrialize like China is. America’s trying to deindustrialize and make money financially. China is not trying to …

You're having a whole split of the world into two opposing economic systems. China is not a rival for America. America is not trying to industrialize like China is. America's trying to deindustrialize and make money financially. China is not trying to make money financially. It is trying to develop its economy and that of its  allied countries in the Belt and Road Initiative to produce more. So, you're having for the first time a choice: are you going to have industrial capitalism evolving into socialism like people expected a century ago, or are you going to have American-style neoliberal finance capitalism, which is just going to make you poorer and poorer and impose austerity programs on you? More

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Eric Draitser | Radio Free (2022-09-28T03:29:04+00:00) » The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization. Retrieved from https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/.
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" » The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization." Eric Draitser | Radio Free - Tuesday August 9, 2022, https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/
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Eric Draitser | Radio Free Tuesday August 9, 2022 » The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization., viewed 2022-09-28T03:29:04+00:00,<https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/>
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" » The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization." Eric Draitser | Radio Free - Accessed 2022-09-28T03:29:04+00:00. https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/
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" » The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization." Eric Draitser | Radio Free [Online]. Available: https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/. [Accessed: 2022-09-28T03:29:04+00:00]
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» The Destiny of Civilization: Michael Hudson on Finance Capitalism, the Economic Consequences of Ukraine and the End of Globalization | Eric Draitser | Radio Free | https://www.radiofree.org/2022/08/09/the-destiny-of-civilization-michael-hudson-on-finance-capitalism-the-economic-consequences-of-ukraine-and-the-end-of-globalization/ | 2022-09-28T03:29:04+00:00
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