Profits Without Production: Fictitious Capital with Michael Hudson

Among other things, this 36 minute interview explains how fictitious capital is a claim to profits without production. This partly explains how, while the economy is getting worse for 90% of the population, for bankers, real estate and insurance companies – the producers of fictitious capital –  the economy is “growing” despite collapsing infrastructures as in this image.

Watch at On These Times with Jimmy Dore

Image from Mute Magazine