The Destiny of Civilization
Finance Capitalism, Industrial Capitalism or Socialism
Book • 2022
Michael Hudson's "The Destiny of Civilization" explores the historical and structural factors contributing to financial crises in Western nations.
The book analyzes the interplay between finance capitalism, industrial capitalism, and socialism, arguing that the dominance of finance capital leads to income inequality, unsustainable debt levels, and the decline of industrial production.
Hudson examines the role of debt in shaping economic systems and proposes alternative models for sustainable economic development.
He critiques the current economic policies of Western governments and suggests policy changes to address the issues of financial instability and economic inequality.
The book offers a critical perspective on the relationship between economic systems and societal well-being.
The book analyzes the interplay between finance capitalism, industrial capitalism, and socialism, arguing that the dominance of finance capital leads to income inequality, unsustainable debt levels, and the decline of industrial production.
Hudson examines the role of debt in shaping economic systems and proposes alternative models for sustainable economic development.
He critiques the current economic policies of Western governments and suggests policy changes to address the issues of financial instability and economic inequality.
The book offers a critical perspective on the relationship between economic systems and societal well-being.
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Gary Null
The Progressive Commentary Hour 12.24.24
