As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains
Geopolitical Economy Report
Economic Perspectives: A Long-term Vision
This chapter critiques the short-sighted nature of mainstream financial analysis, exploring systemic economic issues like debt and income inequality. It contrasts the economic philosophies of Western countries with alternative models seen in China, emphasizing the historical context of debt management. The discussion calls for a reevaluation of economic principles to address the disconnect between financial markets and the real economy.
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