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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 3738897" data-attributes="member: 56035"><p>michael hudson gives a trajectory for the US economy:</p><p></p><p>At stake is whether the U.S. and Western European economies are going to end up looking like those of Greece, Latvia and Argentina – or imperial Rome for that matter. Neoliberals applaud today’s victorious finance capitalism as the “end of history.” One such end has already occurred once, at the close of Roman antiquity. It is remembered as the Dark Age. Progress stopped as the creditor and landowning class lorded it over the rest of society. Trade survived only among the lords at the top of the economic pyramid. Today’s “End of History” dream threatens to unfold along similar lines. It is all about relative power of the One Percent</p><p></p><p><a href="https://www.nakedcapitalism.com/2018/09/michael-hudson-lehman-10th-anniversary-spin-teachable-moment.html" target="_blank">Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment | naked capitalism</a></p></blockquote><p></p>
[QUOTE="rickyb, post: 3738897, member: 56035"] michael hudson gives a trajectory for the US economy: At stake is whether the U.S. and Western European economies are going to end up looking like those of Greece, Latvia and Argentina – or imperial Rome for that matter. Neoliberals applaud today’s victorious finance capitalism as the “end of history.” One such end has already occurred once, at the close of Roman antiquity. It is remembered as the Dark Age. Progress stopped as the creditor and landowning class lorded it over the rest of society. Trade survived only among the lords at the top of the economic pyramid. Today’s “End of History” dream threatens to unfold along similar lines. It is all about relative power of the One Percent [URL="https://www.nakedcapitalism.com/2018/09/michael-hudson-lehman-10th-anniversary-spin-teachable-moment.html"]Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment | naked capitalism[/URL] [/QUOTE]
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I drink your milkshake! a metaphor for capitalism
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