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Attributes of The Destiny of Civilization PDF
This book is based on the lecture series on finance capitalism Michael Hudson presented for the Global University for Sustainability. The book explains why the U.S. and other Western economies have lost their former momentum: A narrow rentier class has gained control and become the new central planner, using its power to drain income from increasingly indebted and high-cost labor and industry. The American disease of de-industrialization has resulted from the costs of industrial production being inflated by the economic rents extracted by this class under the system of financialized monopoly capitalism that now prevails throughout the West. The Destiny of Civilization PDF
The book explains why the U.S.-China conflict cannot simply be regarded as market competition between two industrial rivals. It is a broader conflict between different political economic systems – not only between capitalism and socialism as such, but between the logic of an industrial economy and that of a financialized rentier economy increasingly dependent on foreign subsidy and exploitation as its own domestic economy shrivels. Professor Hudson endeavors to revive classical political economy in order to reverse the neoclassical counter-revolution.
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Illustrations of The Destiny of Civilization PDF
This book The Destiny of Civilization PDF is one of the most trusted and renowned book for the subject of politics and social sciences by some of the leading teachers and professors around the world as it has the qualities to enhance the thinking and knowledge of how the world works around politics and socialism. It is a must read for anyone who aspires to teach themselves and all others around them about how this world of today and in the past worked and how they can create an impact on the future.
Proportions of The Destiny of Civilization PDF
- Publisher : Islet (May 2, 2022)
- Language : English
- Hardcover : 354 pages
- International Standard Book Number-10 : 3949546065
- International Standard Book Number-13 : 978-3949546068
- Item Weight : 1.65 pounds
- Dimensions : 6.69 x 0.81 x 9.61 inches
Reviews From Customers
This marvelous book is essential reading for anyone who wishes to understand the past, the present, and the possibilities for the future. While reading, an understanding develops which cuts through the intentional obfuscation of those who wish to exploit and control. This book pulls no punches, and each observation, conclusion, and recommendation rests on the explaining and clarifying of events, resulting in the Reader emerging with increased understanding and the ability to express this knowledge. Highly recommended.
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