Battle of the Political Economists: Michael Hudson vs Jack Rasmus

It is rare for us to see a criticism of Michael Hudson coming from the left that is not a Marxian critique. But Jack Rasmus has some very interesting points. First he says that Michael’s call for debt relief is unrealistic under capitalism.  There must first be a political revolution against capitalism in order to make debt relief a realistic proposal. He also thinks the extreme polarization between finance and industrial capital that Michael makes is too severe. The two forms of capitalism are much more integrated.
Read article by Jack Rasmus 

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