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Michael Hudson – Behind the Market Crash: the Smoke and Mirrors of Corporate Buybacks

Sharmini Peries: The Dow Jones trading took a deep drive this week, dropping over 1,000 points in the first 20 minutes of trading. It is now slowly reversing itself, but it was the greatest loss in trading since the 2010 crash. Here to discuss all of this, we’re joined by Michael Hudson. Michael Hudson is a distinguished research professor of economics at the University of Missouri, Kansas City. His latest book, which we promise to unpack in detail very soon, is Killing the Host: How Financial Parasites and Debt Destroy Global Economy. You can get a digital download of it at CounterPunch. Michael, thank you so much for joining us.

Michael Hudson: Good to be here. And the hard print will be out in another two weeks from Amazon.

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