Killing the Host: How Financial Parasites and Debt Bondage

Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy

How financial parasites and debt destroy the global economy. Professor Hudson continues the discussion on the financialization of capital and its global effects. KILLING THE HOST exposes how finance, insurance, and real estate (the FIRE sector) have gained control of the global economy at the expense of industrial capitalism and governments. The FIRE sector is responsible for todayâ€™s economic polarization (the 1% vs. the 99%) via favored tax status that inflates real estate prices while deflating the â€œrealâ€ economy of labor and production. The Great 2008 Bailout saved the banks but not the economy, and plunged the U.S., Irish, Latvian and Greek economies into debt deflation and austerity. This book describes how the phenomenon of debt deflation imposes austerity on the U.S. and European economies, siphoning wealth and income upward to the financial sector while impoverishing the middle class.
Country USA
Brand Islet
Manufacturer Islet
Binding Paperback
ItemPartNumber black & white illustrations
UnitCount 1
EANs 9783981484281
ReleaseDate 0000-00-00

Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy