Geopolitical Economy Report on Nostr: The debt explosion: How neoliberalism fuels debt crises ========== Political ...
The debt explosion: How neoliberalism fuels debt crises
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Political economists Radhika Desai and Michael Hudson discuss the massive explosion of debt in the US and around the world, and how neoliberal economics leads to large bubbles based on speculation and asset-price inflation. They highlight the increase in debt since the 1980s, the role of the Federal Reserve in bailing out the financial sector, and the racial disparities in homeownership and access to credit. They argue that the financialized economy, dominated by finance, insurance, real estate, the military-industrial complex, big pharma, and information technology, is undynamic and burdensome for ordinary Americans.
#Debt #Neoliberalism #Financialization #FederalReserve #RacialDisparities
https://geopoliticaleconomy.com/2024/01/12/debt-neoliberalism-radhika-desai-michael-hudson/
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Political economists Radhika Desai and Michael Hudson discuss the massive explosion of debt in the US and around the world, and how neoliberal economics leads to large bubbles based on speculation and asset-price inflation. They highlight the increase in debt since the 1980s, the role of the Federal Reserve in bailing out the financial sector, and the racial disparities in homeownership and access to credit. They argue that the financialized economy, dominated by finance, insurance, real estate, the military-industrial complex, big pharma, and information technology, is undynamic and burdensome for ordinary Americans.
#Debt #Neoliberalism #Financialization #FederalReserve #RacialDisparities
https://geopoliticaleconomy.com/2024/01/12/debt-neoliberalism-radhika-desai-michael-hudson/