Michael Hudson: Game Over for Our Post-Feudalistic Economy

Dandelion Salad

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
July 21, 2013

CapitalWatch on Jul 20, 2013

Here’s what’s in your Prime Interest today:

Insolvent! That would be Detroit, which gave us the Supremes and the vehicles that fueled our happy motoring paradise for decades. Unfortunately, after years of decline, the Motor City finally filed for bankruptcy protection yesterday — a move that was not entirely unexpected. That’s right — $18 billion in liabilities is at stake — a record for the US. Is this the first domino that might just validate Meredity Whitney’s 2011 prediction of a wave of muni defaults?

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About rolandrjs

Progressive Political Activist, Attorney. Musician, Curious mind, Philosophy, Literature, Art, Nature, Wilderness, Wonder.
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