Michael Hudson on NeoFeudalism

The markets that are propped up by central banks, the impoverishment of the middle class, the rise of the financial sector, the system of debt dependency, the fraudulent private infrastructure ruse, and the long-term spiral into a neofeudalism where public services and infrastructure is continually eroded under the oligarchal mantra of privatization, privatization, privatization.

Michael Hudson unearths where a truly free market capitalism could have gone, with the proper incentives, redistribution, and regulations to keep the playing field level. As things stand, more and more is sucked into the vortex of empty markets that have nothing to do with productive capital nor any measurements of social, environmental, or broad-based technological improvement for all. The fleecing continues ...

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