Finance as warfare ePUB ä Finance as PDF/EPUB ²

Finance as warfare ePUB ä Finance as PDF/EPUB ²


10 thoughts on “Finance as warfare

  1. Helen Helen says:

    This was a poorly written and poorly edited volume although I did manage to slog through it nonetheless it was an unpleasant experience to read Perhaps I don't know enough to appreciate Professor Hudson's style or thought That's possible since I'm far from being a professional economist However the book really didn't have much abstruse mathematical jargon charts or terminology It's Hudson's writing style that lacks clarity and is repetitive Mr Hudson's diagnosis of the economic ills of the world consists of blaming everything on debt be it household debt such as credit cards or personal loans mortgage debt corporate debt or even sovereign country debt He is vehemently opposed to parasitic rentier income that is interest income that banks or credit card cos receive from debts He complains about interest rates and the imposition of predatory loans on consumers and countries He probably is correct in his diagnosis but I do not think all the world's ills can be explained by extortionate interest rates predatory lending practices He is right about folks electing to make money by financial chicanery rather than investing in actual plant RD hiring employees Hudson is right about many things the only problem is his book lacks intellectual clarity Here are the uotes The financial sector has the same objective as military conuest to gain control of land and basic infrastructure and collect tribute What formerly book blood and arms is now obtained by debt leverage Historians find a military origin of coined money in Greece in the form of booty being melted down and divided among the officers and troops with a tithe donated to the city temple It was cheaper to give Britain's American colonies political liberty using credit and investment as efficient modes of exploitation The the financial sector can reduce the government's tax take the rent household income is available for new home buyers to pay interest to banks for mortgage loans to buy propertyWithout contributing to production rentier income is overwhelmingly responsible for the wealthiest 1% obtaining 73 percent of US income growth since the 2008 crash while the 99% have seen their net worth deline Wall Street the City of London Frankfurt and other financial centers have replaced government to become our epoch's central planners The effect of this predatory financial behavior by the 1% can be seen demographically in statistics of rising suicide rates shortening life spans and falling birth rates and with increased suicide rates and emigration as well as the opioid epidemic Tacitus reports the words of the Celtic chieftain Calgacus c 83 AD rousing his troops to fight by describing the Roman empire they were to fight against 'Robbers of the world having by their universal plunder exhausted the land If the enemy is rich they are rapacious; if he is poor they lust for dominion; neither the east nor the west has been able to satisfy them To robbery slaughter plunder they give the lying name of empire They make a wasteland and call it peace'Across the globe the top 1% have increased their share of wealth and income to the steepest extreme since the Gilded Age of the late 19th and early 20th century For profit technical schools such as the University Of Phoenix have notoriously low graduation rates but use government guaranteed loans to create an artificial market selling dreams that end in jobless student loan peonage taking its place alongside debt serfdom for home buyers paying mortgages the traumatized worker effect one paycheck away from homelessness too fearful to strike or even to complain about working conditions or the lack of wage increases in contrast to the public interest in lowering prices by subsidizing basic services to make economies competitive the aim of private owners is to install toll booths to extract economic rent This concentration of wealth was achieved by rent extraction bribery and fraud facilitated by ideological patter that claims any way of transferring property into private ownership would help society grow richer faster As in consumer advertising ideological engineering is used to manufacture consent using the mass media to broadcast an anti tax and anti regulatory ethic The world is seeing a retrogression of economic democracy back into rentier oligarchy Extending credit to purchase assets already in place bids up their price Money created for capital gains has a small propensity to be spent by their rentier owners on goods and services so that an increasing proportion of the economy's money flows are diverted to circulation in the financial sector rent revenues from ownership without working risking or economizing as John Stuart Mill 1848 wrote of the landlords of his day explaining that they grow richer as it were in their sleep In his 'Progress and Poverty' 1879 Henry George observed that much of the wealth created by social and technological advances is captured by landowners and other monopolists via economic rentsIn its interactions with the government the financial sector buys bonds and also makes campaign contributions The government also enhances the real estate sector by providing transportation and other basic infrastructure that enhances the site value of property along the routesafter Latvian property prices soared as Swedish bank branches fueled the real estate bubble living standards plunged The Obama Administration has broken its 2008 campaign promises to Congress and to voters to write down mortgage debt to the ability to pay or to market prices reflecting realistic rental values In place of a new bubble financial elites are demanding privatization sell offs from debt strapped governments It is creating a new neo feudal rentier class eager to buy roads to turn into toll roads to buy parking meter rights as in Chicago's notorious deal to buy prisons schools and other basic infrastructure The financial sector is making its gains not by lending money as the economy is now loaned up but by direct ownership and charging economic rent it should come as little surprise that the adverse effects of debt are sidestepped by advocates of the idea that financial institutions rather than government planners should manage society's development Finance and banking courses are taught from the perspective of how to obtain interest and asset price gains through credit creation or by using other people's money not how an economy may best steer savings and credit to achieve the best long term development Increasingly the discussion of finance and debt has been limited to monetarists with an anti government ax to grind and vested interests to defend and indeed promote with regard to financial deregulation Eight centuries of warfare with France had pushed Britain deeply into debt Adam Smith thought that A nation's real wealth lay in its productive prowers not its money or the buildup of financial securities From 1817 through the repeal of Britain's agricultural tariffs the Corn Laws in 1846 the great political struggle in Britain was between the free trade Manchester School and the protectionist landed interest the policy conclusion of Ricardo's comparative labor time approach to international trade theory was not that nations should avoid going into debt but that they should abolish their tariffs to lower prices In the 19th century The was little hint that financiers and real estate interests would join to form a rentier bloc JS Mill believed that rents most of which were on inherited lands should be returned to the public domain as the tax base as it had been in feudal times As an enlightened democratic aristocrat Count Claude Henri de St Simon saw hereditary privilege as a parasitic burden for society for today's financial planners the short run effectively has become the only aim Today's market orthodoxy has inverted the 19th century reformers' spirit by endorsing financial gains indiscriminately By 1931 Keynes was pointing out that the burden of monetary indebtedness in the world is already so heavy that any material addition would render it intolerable In my own country it is the national debt raised for the purposes of the war which bulks largest In Germany it is the weight of reparation payments fixed in terms of money In the United States the main problem would be I suppose the mortgages of the farmer and loans on real estate generally the administered prices for interest and underwriting fees are akin to economic rent out of which the financial sector's bloated salaries and bonuses are paid What needs to be examined is how to cope with the inherent tendency of debts to multiply in excess of the economy's ability to pay the ruler's fiscal ability to tax the economy and to finance deficits mainly in times of war through public debt a rising proportion of liuid savings is coming from the world's criminals and kleptocrats the government borrows from the IMF and is forced to enact an anti Keynesian austerity program IMF riots break out the government falls and a dictatorship oriented to serve global financial institutions is installed friendly to the capital flight which strips the economy of its resources all the faster The libertarian the theory the authoritarian the economic pedagogy tends to be precisely because its reasoning rests on specious foundations in the end the economy shrinks precisely because this faux wealth the inflated stock market and real estate bubble serves as a distraction drawing savings away from direct investment in tangible capital formation A relevant mathematical economics would include an analysis of how wealth is turned into political power by campaign contributions ownership of the popular press and media and the subsidy of education and culture financial institutions have become the major economic planners of our epoch usurping the former role of governments Monetarist models serve largely to distract popular attention from the extent to which wealth is being generated b by asset price inflation than by building new factories to employ people Monetarist planning subjects the world to austerity to pay debts to a creditor class absorbing a growing proportion of the world's wealth leading to economic polarization economists have been mobilized to serve creditor interests financial conuest is seeking today what military conuest did in the times past control of land and basic infrastructure industry and mining banking systems and even government finances to extract the economic surplus as interest and toll booth type economic rent charges when the Fed talks about the the economy it means asset markets above all for real estate as some 80% of bank loans in the United States are mortgage loans According to New York Federal Reserve chairman William C Dudley household debt has risen faster than income growthsince the 1950s Foreign countries are to serve as markets for a resurgence of US industrial exports and at least arms sales are taking off to India and Saudi Arabia and most of all as financial markets for US banks and speculators to make money at the expense of foreign central banks trying to stabilize their currencies


  2. Colleen Chung Colleen Chung says:

    Good premise but as a book it is poorly executed There is no structure to the writing It just sounds like a string of soundbites pulled from his interviews


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Finance as warfare ❰PDF❯ ✈ Finance as warfare Author Michael Hudson – Capitalsoftworks.co.uk “Finance as Warfare” Michael Hudson’s new book | Finance as Warfare by Michael Hudson Published by WEA eBooks July To simple people it is indubitable that the nearest cause of the enslavement of “Finance as warfare” Michael Hudson’s new book | Finance as warfare by Michael Hudson Published by WEA ebooks July To simple people it is indubitable that the nearest cause of the enslavement of one class of men by another is money They know that it Finance as PDF/EPUB ² is possible to cause trouble with a “Finance as warfare” Michael Hudson’s new book Timely title Real World Economics Review Blog “Finance as warfare” Michael Hudson’s new book Published by WEA ebooks July A Financial Warfare Foreign Policy Research Institute Financial warfare is likely to be an increasing form of conflict because it lies at the intersection of powerful long term trends in technology networks and finance The precise targeting feature of financial warfare relative to conventional economic warfare marks a significant change in the nature of conflict This topic calls out for thought about what is likely to be a growing use “Finance as warfare” Michael Hudson’s new book An economics investment trading and policy blog with a focus on Modern Monetary Theory MMT We seek the truth avoid the mainstream and are virulently anti neoliberalism PDF Epub Finance as warfare Download books Finance as warfare michael hudsons new book real Finance as warfare by michael hudson published by wea ebooks july to simple people it is indubitable that the nearest cause of the enslavement of one class of men by another is money Finance as warfare world economics association michael hudson published july by wea books contents Finance as warfare piketty vs the classical Finance as warfare Blogger Finance as warfare Click here to access article by the editor Edward Fullbrook of Real World Economic Review Blog In this article the author introduces us to a book by Michael Hudson entitled Finance as warfare published by RWER However what is left out in this introduction is the fact that in this era of globalization capitalists totally disregard borders unlike the rest of us That Finance as warfare by Michael Hudson Paperback | Finance as warfare by Michael Hudson Paperback Ship This Item — ualifies for Free Shipping Buy Online Pick up in Store is currently unavailable but this item may be available for in store purchase Sign in to Purchase Instantly Members save with free shipping everyday See details English In Stock Overview Michael Hudson is one the world's foremost Finance as warfare it Michael Hudson Scopri Finance as warfare di Michael Hudson spedizione gratuita per i clienti Prime e per ordini a partire da € spediti da com Customer reviews Finance as warfare Finance as warfare is a fascinating book It's central argument is that if rentiers succeed in tapping too much rent from the productive economy that is the economy that produces tangible real things it harms the economy people found this helpful Helpful Comment Report abuse Dan Schellenberg out of stars Banks are better than tanks March Format Paperback Verified Finance as warfare | combr Compre online Finance as warfare de Hudson Michael na Frete GRTIS em milhares de produtos com o Prime Encontre diversos livros.

  • ebook
  • 137 pages
  • Finance as warfare
  • Michael Hudson
  • English
  • 14 April 2014

10 thoughts on “Finance as warfare

  1. Helen Helen says:

    This was a poorly written and poorly edited volume although I did manage to slog through it nonetheless it was an unpleasant experience to read Perhaps I don't know enough to appreciate Professor Hudson's style or thought That's possible since I'm far from being a professional economist However the book really didn't have much abstruse mathematical jargon charts or terminology It's Hudson's writing style that lacks clarity and is repetitive Mr Hudson's diagnosis of the economic ills of the world consists of blaming everything on debt be it household debt such as credit cards or personal loans mortgage debt corporate debt or even sovereign country debt He is vehemently opposed to parasitic rentier income that is interest income that banks or credit card cos receive from debts He complains about interest rates and the imposition of predatory loans on consumers and countries He probably is correct in his diagnosis but I do not think all the world's ills can be explained by extortionate interest rates predatory lending practices He is right about folks electing to make money by financial chicanery rather than investing in actual plant RD hiring employees Hudson is right about many things the only problem is his book lacks intellectual clarity Here are the uotes The financial sector has the same objective as military conuest to gain control of land and basic infrastructure and collect tribute What formerly book blood and arms is now obtained by debt leverage Historians find a military origin of coined money in Greece in the form of booty being melted down and divided among the officers and troops with a tithe donated to the city temple It was cheaper to give Britain's American colonies political liberty using credit and investment as efficient modes of exploitation The the financial sector can reduce the government's tax take the rent household income is available for new home buyers to pay interest to banks for mortgage loans to buy propertyWithout contributing to production rentier income is overwhelmingly responsible for the wealthiest 1% obtaining 73 percent of US income growth since the 2008 crash while the 99% have seen their net worth deline Wall Street the City of London Frankfurt and other financial centers have replaced government to become our epoch's central planners The effect of this predatory financial behavior by the 1% can be seen demographically in statistics of rising suicide rates shortening life spans and falling birth rates and with increased suicide rates and emigration as well as the opioid epidemic Tacitus reports the words of the Celtic chieftain Calgacus c 83 AD rousing his troops to fight by describing the Roman empire they were to fight against 'Robbers of the world having by their universal plunder exhausted the land If the enemy is rich they are rapacious; if he is poor they lust for dominion; neither the east nor the west has been able to satisfy them To robbery slaughter plunder they give the lying name of empire They make a wasteland and call it peace'Across the globe the top 1% have increased their share of wealth and income to the steepest extreme since the Gilded Age of the late 19th and early 20th century For profit technical schools such as the University Of Phoenix have notoriously low graduation rates but use government guaranteed loans to create an artificial market selling dreams that end in jobless student loan peonage taking its place alongside debt serfdom for home buyers paying mortgages the traumatized worker effect one paycheck away from homelessness too fearful to strike or even to complain about working conditions or the lack of wage increases in contrast to the public interest in lowering prices by subsidizing basic services to make economies competitive the aim of private owners is to install toll booths to extract economic rent This concentration of wealth was achieved by rent extraction bribery and fraud facilitated by ideological patter that claims any way of transferring property into private ownership would help society grow richer faster As in consumer advertising ideological engineering is used to manufacture consent using the mass media to broadcast an anti tax and anti regulatory ethic The world is seeing a retrogression of economic democracy back into rentier oligarchy Extending credit to purchase assets already in place bids up their price Money created for capital gains has a small propensity to be spent by their rentier owners on goods and services so that an increasing proportion of the economy's money flows are diverted to circulation in the financial sector rent revenues from ownership without working risking or economizing as John Stuart Mill 1848 wrote of the landlords of his day explaining that they grow richer as it were in their sleep In his 'Progress and Poverty' 1879 Henry George observed that much of the wealth created by social and technological advances is captured by landowners and other monopolists via economic rentsIn its interactions with the government the financial sector buys bonds and also makes campaign contributions The government also enhances the real estate sector by providing transportation and other basic infrastructure that enhances the site value of property along the routesafter Latvian property prices soared as Swedish bank branches fueled the real estate bubble living standards plunged The Obama Administration has broken its 2008 campaign promises to Congress and to voters to write down mortgage debt to the ability to pay or to market prices reflecting realistic rental values In place of a new bubble financial elites are demanding privatization sell offs from debt strapped governments It is creating a new neo feudal rentier class eager to buy roads to turn into toll roads to buy parking meter rights as in Chicago's notorious deal to buy prisons schools and other basic infrastructure The financial sector is making its gains not by lending money as the economy is now loaned up but by direct ownership and charging economic rent it should come as little surprise that the adverse effects of debt are sidestepped by advocates of the idea that financial institutions rather than government planners should manage society's development Finance and banking courses are taught from the perspective of how to obtain interest and asset price gains through credit creation or by using other people's money not how an economy may best steer savings and credit to achieve the best long term development Increasingly the discussion of finance and debt has been limited to monetarists with an anti government ax to grind and vested interests to defend and indeed promote with regard to financial deregulation Eight centuries of warfare with France had pushed Britain deeply into debt Adam Smith thought that A nation's real wealth lay in its productive prowers not its money or the buildup of financial securities From 1817 through the repeal of Britain's agricultural tariffs the Corn Laws in 1846 the great political struggle in Britain was between the free trade Manchester School and the protectionist landed interest the policy conclusion of Ricardo's comparative labor time approach to international trade theory was not that nations should avoid going into debt but that they should abolish their tariffs to lower prices In the 19th century The was little hint that financiers and real estate interests would join to form a rentier bloc JS Mill believed that rents most of which were on inherited lands should be returned to the public domain as the tax base as it had been in feudal times As an enlightened democratic aristocrat Count Claude Henri de St Simon saw hereditary privilege as a parasitic burden for society for today's financial planners the short run effectively has become the only aim Today's market orthodoxy has inverted the 19th century reformers' spirit by endorsing financial gains indiscriminately By 1931 Keynes was pointing out that the burden of monetary indebtedness in the world is already so heavy that any material addition would render it intolerable In my own country it is the national debt raised for the purposes of the war which bulks largest In Germany it is the weight of reparation payments fixed in terms of money In the United States the main problem would be I suppose the mortgages of the farmer and loans on real estate generally the administered prices for interest and underwriting fees are akin to economic rent out of which the financial sector's bloated salaries and bonuses are paid What needs to be examined is how to cope with the inherent tendency of debts to multiply in excess of the economy's ability to pay the ruler's fiscal ability to tax the economy and to finance deficits mainly in times of war through public debt a rising proportion of liuid savings is coming from the world's criminals and kleptocrats the government borrows from the IMF and is forced to enact an anti Keynesian austerity program IMF riots break out the government falls and a dictatorship oriented to serve global financial institutions is installed friendly to the capital flight which strips the economy of its resources all the faster The libertarian the theory the authoritarian the economic pedagogy tends to be precisely because its reasoning rests on specious foundations in the end the economy shrinks precisely because this faux wealth the inflated stock market and real estate bubble serves as a distraction drawing savings away from direct investment in tangible capital formation A relevant mathematical economics would include an analysis of how wealth is turned into political power by campaign contributions ownership of the popular press and media and the subsidy of education and culture financial institutions have become the major economic planners of our epoch usurping the former role of governments Monetarist models serve largely to distract popular attention from the extent to which wealth is being generated b by asset price inflation than by building new factories to employ people Monetarist planning subjects the world to austerity to pay debts to a creditor class absorbing a growing proportion of the world's wealth leading to economic polarization economists have been mobilized to serve creditor interests financial conuest is seeking today what military conuest did in the times past control of land and basic infrastructure industry and mining banking systems and even government finances to extract the economic surplus as interest and toll booth type economic rent charges when the Fed talks about the the economy it means asset markets above all for real estate as some 80% of bank loans in the United States are mortgage loans According to New York Federal Reserve chairman William C Dudley household debt has risen faster than income growthsince the 1950s Foreign countries are to serve as markets for a resurgence of US industrial exports and at least arms sales are taking off to India and Saudi Arabia and most of all as financial markets for US banks and speculators to make money at the expense of foreign central banks trying to stabilize their currencies

  2. Colleen Chung Colleen Chung says:

    Good premise but as a book it is poorly executed There is no structure to the writing It just sounds like a string of soundbites pulled from his interviews

Leave a Reply

Your email address will not be published. Required fields are marked *