- --- In LandCafe@yahoogroups.com, "DavidH" <discodave1974@...> wrote:
>Hudson, also recognizances that the existing economic system is flawed and that the mechanisms that upset a stable, free-market system have to be removed -mainly speculation on land and the extraction of land like ores, etc.
> --- In LandCafe@yahoogroups.com, Bernard Rooney <bernardrooney@> wrote:
> > Our biggest star right now and best media performer is America's own
> > Michael Hudson. He should be invited to give the keynote address/ main
> > talk on the subject of the Global Financial Crisis, with as much media
> > attention as possible.
> > I hope relations havent deteriorated to the point where this is
> > unthinkable or impossible.
> Hudson seems to be having a good deal of influence over on the so-called "left" here in the uSA. One thing that sets him apart is that, like Stiglitz, he seems to regard the crisis primarily as a financial crisis perpetrated by the international banksters and by "unregulated capitalism."
> david harrell.
The root cause was that land spiraled out of control with speculative debt after debt poured into land - this was the cause of the 1929 & 2008 crashes.
The banks were doing what they do - looking to make money. If the largest bank in he world went belly up it should not wreck the world economy. Look deeper.