Is the US a Failed State?
Why the U.S. Economy cannot Re-Industrialize
MICHAEL HUDSON • JULY 15, 2023 • 7,200 WORDS • 79 COMMENTS • REPLY
Michael Hudson [Intro/Music]: America cannot re-industrialize without reversing this whole philosophy of post-industrial society as a class war against labor. You can’t have both. You can’t have a class war against labor and reindustrialization with the labor unionization that goes with it.
Countries who let an oligarchy develop end up pushing their own economies into obsolescence and a kind of dark age. It’s policy, and most of all, it’s the policy of the Democratic Party’s administration here.
[00:01:35] Geoff Ginter [Intro/Music]: Now, let’s see if we can avoid the apocalypse altogether. Here’s another episode of Macro N Cheese with your host, Steve Grumbine.
[00:01:43] Steven Grumbine: All right. This is Steve with Macro N Cheese. Today’s guest is none other than Michael Hudson. Michael Hudson’s the president of the Institute for Study of Long-Term Economic Trends (ISLET), a Wall Street financial analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and he is the author of many, many books you’ve probably read, including Superimperialism: The Economic Strategy of American Empire, Forgive Them Their Debts, J is for Junk Economics, Killing The Host, The Bubble And Beyond: Trade, Development and Foreign Debt, amongst others. Without further ado, I want to bring on my guest, Michael Hudson. Michael, thank you so much for joining me today, sir.
https://www.unz.com/mhudson/is-the-us-a-failed-state/
