Michael Hudson: Debt: The Politics and Economics of Restructuring 2/4

The video discusses the politics of restructuring, focusing on the impact of austerity and debt on economies, particularly in Europe and Latvia. It critiques the neoliberal approach, highlighting the redistribution of wealth and the challenges of repaying debts. The speaker explores political and economic solutions, emphasizing the need for debt restructuring and fiscal reform. Historical examples and modern implications are examined, with a call for a fairer economic model.

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