JUNK ECONOMICS

This podcast is a squib inspired by Michael Hudson's J is for Junk Economics [2017] and the tumbleweed now bowling along the deserted high street. In this light, I examine Amazon's rapid metastasis and the phenomenon of believing that 'the stock is the product', to quote Action Jack Barker of Silicon Valley. Consideration naturally follows of Hudson's central thesis that neo-liberal economists are not really followers of Adam Smith, but have inverted his message, championing finance capital, [and, more generally, gaming the system], over and against productive capital. [Free. 30 minutes.]