Michael Hudson: Western Democracy Was Always a Managed Oligarchy. Now It’s Breaking

with Radhika Desai.

Michael comments and calls it Democracy with a Wealth Veto
In this discussion with Radhika Desai, I return to a question running through my work on economic history: how have oligarchies protected their wealth against the demands of the majority?
We connect the political privileges of ancient property owners with modern campaign finance and the… Continue reading