Tag Archives: Michael Hudson
The general analysis in this film is sound and it is well worth watching if you aren’t familiar with the facts they present. Unfortunately, at the very end, they quote a couple of natural law and precious metal bugs who could probably be classified as libertarian. That really only takes up a minute or so of the film, so it is by no means a deal-breaker. Other than that, plenty of common sense recommendations at the end: debt forgiveness, workers owning the means of production, redistributing wealth, etc…The biggest problem of course is that the filmmakers conclude we can have a kinder gentler capitalism. Not possible. The logic of capital is the commodification of all things, exploitation for profit at any cost, consolidation of wealth and power. We’d be much better off with a kinder gentler socialism, but that would be a false choice. We don’t have to choose between the two. Humans invented capitalism and socialism, we can invent other ways to organize society. In fact many think capitalism is essentially over. So what’s next? Unless (or possibly even if) people organize politically for radical change (i.e., structural change at the root), all the facts and trends point to those in power instituting a kind of neo-feudalism with a strong helping of techno-fascism. This is not hyperbole or sci-fi. We are well on our way. It seems most people have accepted it in one way or another. That may be the biggest problem of all.