Michael Hudson is one of a handful of economists who forecast the global financial collapse would be the natural result of banking excesses in residential real estate where, by ignoring their risk management, they acted to inflate bubbles.
Now, instead of letting the land price bubbles deflate as they should, governments have sought to prop them up, creating thereby a new asset bubble class which is no less sinister. It, too, must end badly for all of us.
Hudson deserves, but will never receive, the Nobel prize in economics for his eye-popping analyses which expose the tactics of the 0.5%.
You say we need more funds to tackle poverty, homelessness, health, the environment, education and infrastructure? I say instituting the Henry Tax Review is a BIG step towards solving those problems.