KILLING THE HOST

Cover Art for 9789592400863, El Arte De Cocinar: Recetas De Cocina Catalana Y Cubana by Ortega Ruiz, Norlys
ISBN: 9783981484281
Publisher: ISLET
Published: 20 August, 2015
Format: Paperback
Language: English

How financial parasites and debt destroy the global economy. Professor Hudson continues the discussion on the financialization of capital and its global effects. KILLING THE HOST exposes how finance, insurance, and real estate (the FIRE sector) have gained control of the global economy at the expense of industrial capitalism and governments. The FIRE sector is responsible for today s economic polarization (the 1% vs. the 99%) via favored tax status that inflates real estate prices while deflating the real economy of labor and production. The Great 2008 Bailout saved the banks but not the economy, and plunged the U.S., Irish, Latvian and Greek economies into debt deflation and austerity. This book describes how the phenomenon of debt deflation imposes austerity on the U.S. and European economies, siphoning wealth and income upward to the financial sector while impoverishing the middle class."

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