Economic Brainwashing Courses Mask Capitalists’ Profit Without Production
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Capitalist News Interpreted /
05 May 2016
Michael Hudson is among the best economists at distinguishing between the real physical economy from fictitious capital, which he calls FIRE. This stands for profits made on Finances, Insurance and Real Estate. He argues in part that the reason people don’t see this is the brainwashing that goes on in college economic courses.
About The Author
Barbara
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.