Michael Hudson Quotes About Today

Quotes about: Today

• Everyone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic landlord class that had conquered England in 1066 and it's the heirs of the military warlords who ended up taking the land and making everybody pay them and all of their descendants just for having been conquered. You can see the carry-over of this today. The rent that people have to pay, the money they have to pay the banks instead of having a public option. That's the price they still have to pay for being conquered.

  Michael Hudson

  Military, People, Today

  Source: www.counterpunch.org

• Everybody would be better off if they could buy housing for only, let's say, a carrying charge of one-quarter of their income. That used to be the case 50 years ago. Buyers had to save up and make a higher down payment, giving them more equity - perhaps 25 or 30 percent. But today, banks are creating enough credit to bid up housing prices again.

  Michael Hudson

  Years, Creating, Giving

  Source: www.counterpunch.org

• The world's politics are in turmoil, not to mention the Mideast, where the US has mounted attacks from Libya to Iraq to Syria, and ISIS is attacking governments in today's pipeline rivalry.

  Michael Hudson

  Government, Isis, Iraq

  Source: www.counterpunch.org

• The result of this anti-classical revolution you had just before World War I was that today, almost all the economic growth in the last decade has gone to the One Percent. It's gone to Wall Street, to real estate.

  Michael Hudson

  Wall, Real, War

  Source: www.counterpunch.org

• Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

  Michael Hudson

  Support, Today, Financial

  Source: www.counterpunch.org

• So the political choice today is much like the 1930s, when the global economy also broke down. The choice is between nationalism and populism on the right, or socialism reviving what used to be left-wing politics.

  Michael Hudson

  Political, Choices, Today

  Source: www.counterpunch.org

• If you increase living standards, you make labor more productive. This is why Asia today is becoming more productive than the United States.

  Michael Hudson

  United States, Today, Asia

  "Higher Taxes on Top 1% Equals Higher Productivity". therealnews.com. January 1, 2011.

• Today, people are having to spend so much of their money, to acquire a house and to get an education that they don't have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings.

  Michael Hudson

  Running, People, House

  Source: www.counterpunch.org

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