skip to content
Killing the host : how financial parasites and debt destroy the global economy Preview this item
ClosePreview this item
Checking...

Killing the host : how financial parasites and debt destroy the global economy

Author: Michael Hudson
Publisher: Germany : ISLET-Verlag, [2015] ©2015
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"The financial sector has succeeded in depicting itself as part of the productive economy, yet for centuries banking was recognized as being parasitic. The essence of parasitism is not only to drain the host's nourishment, but also to dull the host's brain so that it does not recognize that the parasite is there. This is the illusion that much of Europe and the United States suffer under today. The aim of this book  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Nonfiction
Document Type: Book
All Authors / Contributors: Michael Hudson
ISBN: 9783981484281 3981484282
OCLC Number: 920675065
Notes: Publisher location taken from their website.
Description: vi, 435 pages : illustrations ; 25 cm
Contents: Introduction: the twelve themes of this book --
The parasite, the host, and control of the economy's brain --
The financial sector's rise to power --
The long fight to free economies for feudalism's Rentier legacy --
The critique and defense of economic rent, from Locke to Mill --
The all-devouring "Magic of compound interest " --
How the one percent holds the 99 percent in exponentially deepening debt --
Rentiers sponsor rent-free national income statistics --
The failed attempt to industrialize banking --
The stock market as a predatory arena --
From the stock market's origins to junk bonding --
Finance vs. industry: two opposite sides of the balance sheet --
The bubble sequence: from asset-price inflation to debt deflation --
The bankers saw it coming, but economists averted their eyes --
The coup of 2008: bailing out the banks, not the economy --
The giveaways get more deeply politicized and corrupt --
Wall Street pretends to insure against the crash --
Bailing out Goldman via AIG --
Wall Street takes control and blocks debt writedowns --
From democracy to oligarchy --
Europe's self-imposed austerity --
The financial conquest of Latvia: from the Soviet orbit to neoliberal austerity --
Creation of the troika: its pro-bank, anti-labor agenda --
High finance turns democracy to "junk" --
High finance installs the technocrats as proconsuls --
The troika's road to debt serfdom --
U.S. courts block debt writedowns --
Financial austerity or a clean slate? --
Finance as warfare --
Is the mode of parasitism overshadowing the mode of production? --
The fight for the 21st Century --
Coda: the Greek tragedy that threatens to sink the Euro.
Other Titles: How financial parasites and debt destroy the global economy
Responsibility: Michael Hudson.

Abstract:

"The financial sector has succeeded in depicting itself as part of the productive economy, yet for centuries banking was recognized as being parasitic. The essence of parasitism is not only to drain the host's nourishment, but also to dull the host's brain so that it does not recognize that the parasite is there. This is the illusion that much of Europe and the United States suffer under today. The aim of this book is to pierce this illusion and replace junk economics with economics based on reality. In Killing the Host, Michael Hudson argues that financial crises will continue unless we radically transform our economic and political structures, and reclaim the best ideas of classical economics. Ominous, yet clear-eyed and prophetic, Hudson provides viable solutions to our economic problems, at a time when politicians have shown themselves unable to understand our economy much less fix it"--

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/920675065> # Killing the host : how financial parasites and debt destroy the global economy
    a schema:Book, schema:CreativeWork ;
    library:oclcnum "920675065" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/gw> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Place/europe> ; # Europe.
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/economics> ; # Economics
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/politique_economique> ; # Politique économique
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/banques> ; # Banques
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/crise_financiere> ; # Crise financière
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/business_cycles> ; # Business cycles
    schema:about <http://dewey.info/class/338.542/> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/financial_crises> ; # Financial crises
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/politique_d_austerite> ; # Politique d'austérité
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/economie_internationale> ; # Economie internationale
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/institutions_financieres> ; # Institutions financières
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Topic/debt_economic_aspects> ; # Debt--Economic aspects
    schema:about <http://experiment.worldcat.org/entity/work/data/1404180248#Place/etats_unis_d_amerique> ; # Etats-Unis d'Amérique.
    schema:alternateName "How financial parasites and debt destroy the global economy" ;
    schema:author <http://experiment.worldcat.org/entity/work/data/1404180248#Person/hudson_michael_1939> ; # Michael Hudson
    schema:bookFormat bgn:PrintBook ;
    schema:copyrightYear "2015" ;
    schema:datePublished "2015" ;
    schema:description ""The financial sector has succeeded in depicting itself as part of the productive economy, yet for centuries banking was recognized as being parasitic. The essence of parasitism is not only to drain the host's nourishment, but also to dull the host's brain so that it does not recognize that the parasite is there. This is the illusion that much of Europe and the United States suffer under today. The aim of this book is to pierce this illusion and replace junk economics with economics based on reality. In Killing the Host, Michael Hudson argues that financial crises will continue unless we radically transform our economic and political structures, and reclaim the best ideas of classical economics. Ominous, yet clear-eyed and prophetic, Hudson provides viable solutions to our economic problems, at a time when politicians have shown themselves unable to understand our economy much less fix it"--"@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/1404180248> ;
    schema:genre "Nonfiction"@en ;
    schema:inLanguage "en" ;
    schema:name "Killing the host : how financial parasites and debt destroy the global economy"@en ;
    schema:productID "920675065" ;
    schema:workExample <http://worldcat.org/isbn/9783981484281> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/920675065> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/1404180248#Person/hudson_michael_1939> # Michael Hudson
    a schema:Person ;
    schema:birthDate "1939" ;
    schema:familyName "Hudson" ;
    schema:givenName "Michael" ;
    schema:name "Michael Hudson" ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Place/etats_unis_d_amerique> # Etats-Unis d'Amérique.
    a schema:Place ;
    schema:name "Etats-Unis d'Amérique." ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/crise_financiere> # Crise financière
    a schema:Intangible ;
    schema:name "Crise financière"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/debt_economic_aspects> # Debt--Economic aspects
    a schema:Intangible ;
    schema:name "Debt--Economic aspects"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/economie_internationale> # Economie internationale
    a schema:Intangible ;
    schema:name "Economie internationale"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/institutions_financieres> # Institutions financières
    a schema:Intangible ;
    schema:name "Institutions financières"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/politique_d_austerite> # Politique d'austérité
    a schema:Intangible ;
    schema:name "Politique d'austérité"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1404180248#Topic/politique_economique> # Politique économique
    a schema:Intangible ;
    schema:name "Politique économique"@en ;
    .

<http://worldcat.org/isbn/9783981484281>
    a schema:ProductModel ;
    schema:isbn "3981484282" ;
    schema:isbn "9783981484281" ;
    .

<http://www.worldcat.org/title/-/oclc/920675065>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/920675065> ; # Killing the host : how financial parasites and debt destroy the global economy
    schema:dateModified "2018-10-15" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.