Michael Hudson has posted this excellent video Economists as Hired Guns. On YouTube it is titled How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen, DSPod 203.

How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen

Steve Keen had a huge oversight which Michael Hudson failed to correct in what I have seen so far. Keen said that once money passed through the hands of the worker it ended up in the hands of the capitalists. This was better than the money never passing through the hands of the workers. He is ignoring the high tax rates of the 1950s and 1960s. The money passing into the hands of the capitalists was taxed away, and put back into circulation,