Professor Michael Hudson explains the parasitic nature of financial sector

Oscar Orton
   Professor Michael Hudson was on Democracy now with Amy Goodwin pretty much explaining what's behind the roller coaster ride of "casino global capitalism" and why stock markets are down in both China and America. Michael Hudson says all the growth in the economy is from the financial sector and this is the intended consequences of their rule and ability to withhold cash and not being forced to lend it out to Main Street. The stock inflation from borrowing from the central bank in order to inflate the stocks of monopolistic companies and make them wrong and have the ability to quell any competition has been the goal of wall Street and their drive for global order and domination of so called democratic capitalist nations. Professor Hudson went on to explain to Amy Goodwin's audiences that the largest concentration of stock buyer are the companies and executives themselves who use their earnings to buy back the stock and boost their bonuses. there is no investment in new factories or growth of sales from these companies and they essentially exist to be used in the advertising complex and keep the executive class politically influential and wealthy over the masses. Hudson says Chinese firms will be exporting less and start using their own large consuming class to make products for themselves. the financial sector is waging war not only against labor but against government as well as it cannibalizes industry in their attempt to promote and spread poverty and a weakened class politically of subjects unable to compete in  elections. Hudson went on to say how central banks in Europe are attempting to turn the Greek people and their resistance into modern day North Korea and have the people succumb to the power of earth extraction global companies willing to steal the underground gold mines in Greece for profit in their accounts and out and far away from the Greek people and government. professor Hudson show show he is another leading figure against the evils of neo-liberalism and the attempts to undemocratic the populations and pave way into a new era of feudal system to steal peoples homes and enslave entire populations around the world.