Tuesday, September 21, 2010

Hudson to Brazil: collect the rents

Last week the political economist Michael Hudson gave an address to the Council of Economic Advisors to the President of Brazil (CDES) on the financialisation of the global economy, the sweep of recent history, tax shenanigans, austerity follies -- and why Adam Smith would have hated it all.

It is long, but well worth reading if you have the time.


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