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Peter Simpson on (neo)liberalism

Listen HERE CUNY philosophy professor Peter Simpson, author of “Theocracy’s Challenge” and Political Illiberalism, continues last week’s conversation on “debt traps” and discusses the impending fall of the Western neoliberal empire. Is neoliberalism’s achilles heel its financial system, which rewards rent-extracting parasites (like Wall Street) and discourages investment in real infrastructure and goods and services? Is China eclipsing the West because its public banking system rewards real production? As Michael Hudsonwrites: “So the question is what kind of financial system are you going to have to back up a central banking system and credit creation? Is credit going to be a…

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Peter Simpson on (neo)liberalism, Mr. Rho and Homer Van Meter on Bitcoin & crypto, NWO & more

Listen live 8 to 10 pm Fridays on Revolution.Radio later archived HERE First hour: CUNY philosophy professor Peter Simpson, author of “Theocracy’s Challenge” and Political Illiberalism, continues last week’s conversation on “debt traps” and discusses the impending fall of the Western neoliberal empire. Is neoliberalism’s achilles heel its financial system, which rewards rent-extracting parasites (like Wall Street) and discourages investment in real infrastructure and goods and services? Is China eclipsing the West because its public banking system rewards real production? As Michael Hudson writes: “So the question is what kind of financial system are you going to have to back up a central…

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Steve Penfield Discusses Unz Review Article on Student Debt Cancellation

Listen HERE Steve Penfield is the author of Student Debt Cancellation: A Good Idea and a Political Hoax. In it he argues against standard left vs. right, Democrat vs. Republican arguments—and offers this key insight: “An inescapable consequence to any responsible Debt Forgiveness plan is that someone will have to pay. As Michael Hudson says: ‘You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose.’” So who should lose? Steve argues that Bernie Sanders and Elizabeth Warren should abandon their plan to foist the cost of student debt…

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