
Economist Michael Hudson on decline of dollar, sanctions war, imperialism, financial parasitism
Geopolitical Economy Report
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The Rise of Finance Capitalism and its Impact on Industrial Capitalism
This chapter explores the historical context of finance capitalism and its effects on industrial capitalism, including the shift towards anti-classical theory and the decline of industrial capitalism. It also discusses the predatory nature of finance capitalism, its impact on wages and stock prices, and contrasts the approach with China's successful economy.
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