Prof. Hudson’s main thesis is absolutely devastating: he sets out to prove that economic/financial practices in Ancient Greece and Rome – the pillars of Western Civilization – set the stage for what is happening today right in front of our eyes: an empire reduced to a rentier economy, collapsing from within.
Is Pepe Escobar his real name? It seems to imply something funny.
Also Michael Hudson is a Marxist-Lenninist now?
Not really sure where Hudson falls. I had always heard he was a Trot but I’ve seen him recently making fun of Trots.
He definitely grew up a Trotskyite. His dad took the family to Mexico to spend time with the man himself, and later was jailed on returning to the u.s.
I’ve watched and read a fair amount of Hudson’s work and I can’t recall anything about revolutionary theory, so it’s tough to say whether he’s now an ML. The man has had a fascinating life though.
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much of his writing promotes debt forgiveness