Ég vitnaði um daginn í hagfræðinginn Michael Hudson.
Hann segir að við lifum í olígarkíi hér á Vesturlöndum og þess vegna sé bönkum hjálpað en ekki almenningi. Nauðsynlegt sé hins vegar að afskrifa húsnæðisskuldir venjulegs fólks sem getur ekki borgað.
Hér er ágætt viðtal við Hudson á vefsjónvarpsstöðinni Renegade Economist.
Og hér eru ummæli Hudsons sem ég birti um daginn.
“When it comes to cleaning up the Greenspan Bubble legacy by writing down homeowner mortgage debt, the Treasury proposal offers homeowners $50 billion – just [half of one percent] of the $10 trillion Wall Street bailout to date, and less than half the amount given to AIG to pay its hedge fund speculators on their derivative gambles.
The Treasury has handed out $25 billion to each and every big bank, so just two of these banks alone got as much as the reported one-quarter of all homeowners in America suffering from Negative Equity on their homes and in need of mortgage renegotiation. Yet today’s economic shrinkage cannot be reversed without a recovery in consumer demand.
The economy has lost the “virtual wealth” in higher-priced homes and the stock market, and must rely on after-tax earnings. But I see little concern for wage earners in the Treasury plan. Without debt relief, consumer spending and business investment will not recover.“
