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Michael Hudson, Economist, Explains What's Taking Place (Original Post) mother earth Jan 2014 OP
Good stuff. Falls in line with all that I have seen & read Eleanors38 Jan 2014 #1
One-third of US real estate chervilant Jan 2014 #2
GOOD STUFF! 90-percent Jan 2014 #3
IS HUDSON CORRECT? drynberg Jan 2014 #4
Hudson is Usually Correct mckara Jan 2014 #7
scary mtasselin Jan 2014 #5
The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Jan 2014 #6
Yes, love Chris Hedges, posted that very link here. :) nt mother earth Jan 2014 #12
In addition to Chris Hedges and the OP's video, I highly recommend PotatoChip Jan 2014 #13
Who Stole The American Dream cantbeserious Jan 2014 #14
Thank you! I haven't seen this one. PotatoChip Jan 2014 #15
Thanks for the pointer to the Powell memorandum BelgianMadCow Jan 2014 #16
K&R. Excellent discussion of how we got to neo-feudalism. Overseas Jan 2014 #8
Must watch. n/t lumberjack_jeff Jan 2014 #9
laid out better in kein philip's american theocracy, pub 2006 BEFORE THE CRASH. pansypoo53219 Jan 2014 #10
Please do post the link to the best part. We are here for a reason, don't hold back, my friend. mother earth Jan 2014 #11
 

Eleanors38

(18,318 posts)
1. Good stuff. Falls in line with all that I have seen & read
Sat Jan 18, 2014, 11:33 AM
Jan 2014

about economy over the last several years. Things should begin crystallizing for folks soon?

At a minimum, we need to quickly gain control of the Democratic Party, commence widespread labor actions, and overhaul banking and trade policy.

Minimum.

chervilant

(8,267 posts)
2. One-third of US real estate
Sat Jan 18, 2014, 11:34 AM
Jan 2014

is mortgaged beyond its market value!

Why cannot the vast Hoi Polloi see the desperate state of our species?!?

90-percent

(6,828 posts)
3. GOOD STUFF!
Sat Jan 18, 2014, 11:48 AM
Jan 2014

Already posted on FB. FWIW.

I will send a little $ to real news as soon as my paypal acct clears a deposit!

they do a great job and Michael Hudson rocks!

-90% Jimmy

drynberg

(1,648 posts)
4. IS HUDSON CORRECT?
Sat Jan 18, 2014, 11:50 AM
Jan 2014

If Michael Hudson is right (I sadly think he is), we are in for a river of Pain...unless we act. So, what do we do? Please watch, it's only 10 min., then react and share.

 

mckara

(1,708 posts)
7. Hudson is Usually Correct
Sat Jan 18, 2014, 03:36 PM
Jan 2014

He, and his colleagues at UMKC, predicted the crash in 2008 and have constantly warned us of where the neoliberal economic model is taking us: down. I recommend reading his books.

mtasselin

(666 posts)
5. scary
Sat Jan 18, 2014, 12:14 PM
Jan 2014

This is some pretty scary stuff, where most people don't or won't pay attention to what is going on when this happens again they will blame the wrong people and the parasites will live to do it again. Sad times in this once great country.

cantbeserious

(13,039 posts)
6. The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us
Sat Jan 18, 2014, 12:16 PM
Jan 2014

Who Stole The American Dream




The Decline Of The Liberal Class (the backstop to corporations)



PotatoChip

(3,186 posts)
13. In addition to Chris Hedges and the OP's video, I highly recommend
Sun Jan 19, 2014, 08:36 AM
Jan 2014

the above-posted video titled 'Who Stole the American Dream'. In fact, it was so interesting (to me) that I considered doing an OP on it. Just never seemed to find the time.

Every member here knows all too well about the current depressingly abysmal state of our middle class. And most, if not all of us can also identify a number of pivotal points in the recent past that led to how we got here. However, 'Who Stole the American Dream' goes into much greater detail, unraveling many seemingly innocuous events, that in hindsight were actually concerted efforts by corporate interests to undo all of the protections put in place by FDR.

The author begins the interview (about 6+ minutes in) by saying (paraphrasing) "This is not the book I set out to write. The book I planned to write, in my contract w/my publisher, was going to be titled 'The Dream At Risk.' So I started out w/the notion that the middle class is in a lot of trouble... he goes on to describe the problems... But as I got further into it, I said to myself, this did not just happen to the middle class; this was done to the middle class".

The 1971 'Powell Memorandum' plays a huge role in all of this. The memo, written by Lewis Powell, a former corporate lawyer, former Director of the US Chamber of Commerce, (and later on) SCOTUS member, basically served as a tactical playbook for pretty much all of the class assaults that have taken place ever since.

In case anyone is interested, here is some further info on Powell and the memo. But please watch the video! It is time well spent, Imho.

https://en.wikipedia.org/wiki/Lewis_F._Powell,_Jr.
http://billmoyers.com/content/the-powell-memo-a-call-to-arms-for-corporations/
http://reclaimdemocracy.org/powell_memo_lewis/

PotatoChip

(3,186 posts)
15. Thank you! I haven't seen this one.
Sun Jan 19, 2014, 09:05 AM
Jan 2014

I look forward to viewing it.

Btw, for those interested, I failed to mention the author's name in my other post. He is Hedrick Smith, a Pulitzer Prize-winning former reporter and editor for The New York Times, an Emmy Award-winning producer/correspondent for the PBS show Frontline, and author of several books.

https://en.wikipedia.org/wiki/Hedrick_Smith

BelgianMadCow

(5,379 posts)
16. Thanks for the pointer to the Powell memorandum
Sun Jan 19, 2014, 05:41 PM
Jan 2014

sounds like an end game memo...think I've come across it, but now I'll know

pansypoo53219

(20,955 posts)
10. laid out better in kein philip's american theocracy, pub 2006 BEFORE THE CRASH.
Sat Jan 18, 2014, 05:16 PM
Jan 2014

unfortunately the important stuff was in part 3, + part 2 was so boring. part 1 very good too. great info on how stupid greenspan was. we are spain now. the vampire squids on wall street are winning.

mother earth

(6,002 posts)
11. Please do post the link to the best part. We are here for a reason, don't hold back, my friend.
Sat Jan 18, 2014, 07:17 PM
Jan 2014

There are more here reading than you and I will ever be aware of. Share the knowledge.

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