Richard D. Wolff & Michael Hudson: President Faces impossible odds: Middle East & Ukraine – Dialogue Works
A Dailogue Works interview:
Transcript will follow:
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This link explains the FTT (#2) side of my dual hypothesis. It is incredibly simple and involves taxing monetary payments rather than income. This is about the difference between taxing an aggregate income of ~$21 trillion, or instead taxing the monetary economy of ~$7,600 trillion – it’s pretty much a… Read more »
dear col, thank you for the link! & your insights. in case you aren’t already aware: richard werner has a substack, R Werner Substack, which includes his archive. richard werner, like alastair & michael, was present when many deals & wunderwaffen slipped under the table & his archive may be… Read more »
I am just wading my way through this now, but I disagree with Richard that this current debacle illustrates a classic “failure of capitalism” per se. The slide began more than a century ago, especially with the formation of the 100% privately owned Fed, but we saw the beginning of… Read more »
Great points about keeping essential monopolies with the state, in particular “central banks”. Also, properly taxing the financial economy should be a no-brainer. (But how to get there..? Revolution??)
Hopefully, humanity can discover a bloodless brand of revolution to lead us out of this debt-death vortex, Pepa. As the present system unravels like the rusty spring out of a worn-out builder’s tape measure, and its suicidal idiocy is laid bare, society at large will demand major reform – just… Read more »