A History of Vampire Capitalism: How the Banks Drain the Blood of the Economy

This is a terrific interview on financialization in history. Michael Hudson discusses the difference between how the classical economists thought about financialization as opposed to how the free marketers thought. There is also a comparative analysis of how value and prosperity have been viewed throughout history. The interviewer gives a nice summing up during the interview. Michael’s work with the Chinese is designed to keep them from getting caught in the trap of financialization.