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The neoliberal strategy is a new Dark Age of enclosures and privatization that will bury the Enlightenment's drive to free economies from rentier privilege.... In this war the financial powers and other rentiers fight... precisely because they realize there is no moral justification for income and wealth obtained by extractive means instead of earned productivity. Those who obtain or inherit predatory wealth and privilege realize the ultimate means of imposing austerity and demolishing the power of democracies is deception, junk economics.... To prevent this pro-rentier end of history it is necessary for populations to revive the long classical fight to free economies. The alternative is neofeudalism. (en) |
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https://en.wikiquote.org/wiki/Michael_Hudson_(economist)
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Dr. Michael Hudson, KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT BONDAGE DESTROY THE GLOBAL ECONOMY, Islet 2015 (en) |
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