Neoliberalism blurred the line between output and overhead. In this conversation, Michael Hudson shows how land, monopoly, and financial incomes were reclassified as “growth,” why that distorts GDP, and how it fed deindustrialization. We also examine China’s engineer-led industrial policy and outline a credible post-neoliberal strategy: tax rent, treat essentials as utilities, and lower systemic costs for real producers. The post GDP Without Goods: The Rentier Mirage first appeared on M...
