Tuesday, May 12, 2009

Dr. Michael Hudson: Bailout Kleptocracy and Rentier

Great stuff from Dr. Michael Hudson! You won't hear this stuff in college or in the mainstream media. This is ECONOMICS 101.

[Youtube] Michael Hudson: Who the bailout is bailing out. Hint: not you or me.

Rentier is the money extracted by the entrenched oligarchy who own the FIRE industries. It is a form of tax by the oligarchy on the poor and their production.

[Youtube] Michael Hudson: Rentier

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