Contrary to mainstream narratives that insist “Economics” is a ‘Science’, Dr. Michael Hudson has described Economics as a lobbying platform for special interests to barter the benefits gained from their parasitical existence.

During two lengthy podcast interviews, Dr. Hudson has neatly summarized the destructive policies that have been dragging down the Western World since the 1970s (and esp. since the 1980s).

In Part-1 he describes GDP as a false marker of prosperity, before pointing to the growing influence of the Rentier Class, widespread fantasies of joining “the one percent”, and why there’s never going to be another debt jubilee, even if it means the whole system ends up falling apart.

In Part-2, Michael Hudson — a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist — explains modern monetary theory (MMT), the path towards debt forgiveness (Jubilee), and some foundational rules for a future society that has been kitted out with the capacity to rebuff most or all predations of the the now globalized Rentier Cabal.