Shock Doctrine: Break The Economy, Lower Wages By 20 Percent. Doesn't Sound So Farfetched Anymore, Does It?

By Susie Madrak

I've thought for a while that our leaders, both political and private sector, are actually trying to create another depression, but I wasn't quite clear on why. I mean, I figured they make money on it, of course, but I didn't connect all the dots.

This interview with liberal economist Michael Hudson is a few months old, but it has the ring of truth and explains so much:

PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay, coming to you today from New York City. Now joining us is Michael Hudson. He's a distinguished research professor at University of Missouri-Kansas City. He's also the author of many books, including Super Imperialism: The Economic Strategy of American Empire, and Trade, Development, and Foreign Debt: A History of Theories of Polarization Versus Convergence in the World Economy. That's a mouthful. Thanks for joining us.

PROF. MICHAEL HUDSON, UNIVERSITY OF MISSOURI-KANSAS CITY: Thank you.