"Trump, in Scotland, heralded the vote to leave the EU as “a great thing.”
“People want to take their country back, they want to have independence in a sense, and you see it with Europe, all over Europe, and you’re going to have more than just, in my opinion, more than just what happened last night,” Trump said. “You’re going to have many other cases where people want to take their borders back, they want to take their monetary [policy] back, they want to take a lot of things back, they want to be able to have a country again.”
Hudson said such a stance could propel Trump and other right-wing populists to power.
“I can see Trump winning the election if he opposes what I expect will be the coming bailout of Wall Street,” Hudson said. “By the time Obama leaves office, the economy will probably be wrecked. I see us undergoing a slow crash. The economy will go down and down and down. If the Democrats give more money to Wall Street and creditors, if they say the debts have to be repaid, if they again use government to hand money to the 1 percent, they will be discredited. Economic chaos always leads to political chaos. The only way to stop this move to the right is for genuine socialist movements and parties, such as Podemos in Spain, to organize and challenge the international banking system and its enablers in the political establishment. And they need to do it now.""
chris hedges interviewing michael hudson
