Fixing productivity needs more than deregulation — it needs tax reform| Prosper Australia
Economist Michael Hudson warns that the U.S. has morphed into a “free lunch economy,” where wealth flows not from production but from unearned rents and financial gains. Wall Street landlords like Blackstone buy up homes, driving rents higher while families face stagnant wages and rising debt. What was once industrial capitalism has become finance capitalism, hollowing out the economy and enriching a rentier elite. The result is growing inequality at home and financial colonialism abroad....| Michael Hudson
An excerpt from Michael's as yet unreleased book tracking the role of debt and public finance from medieval times to the present. The post A Precondition for Economic Sovereignty first appeared on Michael Hudson.| Michael Hudson
