Michael Hudson on “Why the Neoliberals Love Picketty”

Michael Hudson, author of Super Imperialism (Pluto, 2003), appeared on The Real News this week to talk about the new superstar bourgeois economist Thomas Picketty and his Capital in the Twenty-First Century, a book which is being lauded by everyone from economists like Martin Wolf to union leaders like Len McClusky.

Hudson praises Picketty’s wealth of evidence presented in the book, but is sharply critical of his failure to talk seriously about alternatives to the status quo:

‘He’s produced a book without any solution, and the free enterprise boys like that. The 1 percent don’t mind being criticized as long as there’s no solution to their problem. And that’s what the critics have come out saying: wait a minute, there are a lot of solutions.’

One thought on “Michael Hudson on “Why the Neoliberals Love Picketty”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s