This was linked to yesterday at Naked Capitalism. Here is the link to it at Michael Hudson's site for the record. The article is based on his forthcoming book.
The rentier resurgence and takeover: Finance Capitalism vs. Industrial Capitalism
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
This article is based on Chapter 1 of Cold War 2.0. The Geopolitical Economics of Finance Capitalism vs. Industrial Capitalism (Dresden, ISLET: in press; Chinese translation 2021). © 2020. All rights reserved.Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
The rentier resurgence and takeover: Finance Capitalism vs. Industrial Capitalism
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
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