Daily Archives: December 30, 2020


A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar

Naked Capitalism has posted a transcript and a video of A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar.

Yves here. Another belated Christmas offering, a second talk by Michael Hudson, this one with the trenchant Pepe Escobar. Get a cup of coffee, because this is a meaty talk, and Michael provides extensive detail on the operation of rents and rentiers, with detail on who did what when. For instance, early in the conversation, Hudson gives a back-of-the-envelope of how little the average worker has left after paying for essentials like rent, medical care, and taxes. Also forgive the occasional typo; it took a lot of effort to transcribe a talk of this length.

An interactive discussion on wealth inequality and the “Great Game” on the control of natural resources.