Junk Economics: Michael Hudson Rages “Wall Street Has Taken Over The Economy.. & Is Draining It”
by Annie Zhou via FinancialRepressionAuthority.com,
ZeroHedge.com
04/28/2016
Everything that the classical economists saw and argued for – public investment, bringing costs in line with the actual cost of production – that’s all rejected in favor of a rentier class evolving into an oligarchy. Financiers in the 1% are going to pry away the public domain from the government and privatize it so that they get all of the revenue for themselves. It’s all sucked up to the top of the pyramid, impoverishing the 99%. “As long as you can avoid studying economics, you know what’s happened. Once you take an economics course you step into the brainwashing of an Orwellian world.”
The Rest…HERE
