professor of economics though michael hudson also author of this book super imperialism the origins and fundamentals of u.s. world dominance to talk about just how relevant it is because dr hudson you've mentioned casino capitalism gangsters used to run the casinos we just saw a little movie clip of it is it any coincidence that gangsters run them again in the sense of the banks. well that's why franklin roosevelt's point that karen banks . the fact is that their idea of free market is a market free from consumer protection free from anti-fraud laws and this is the exact reverse of its kind of free market with the classical i must say that i'm smith and and i'm sort of sort of ironic that they're using they're claiming adam smith in the classical of the most and they're paid the same obviously what we have when people have been dating the future of capitalism and you're having it everywhere in the financial plans to the region it wasn't there what they should be discussing is what type of capitalism are we talking about when you're right it's not the old fashioned industrial capitalism but. even when you say finance capitalism which it's evolved into finance capitalism i

professor of economics though michael hudson also author of this book super imperialism the origins and fundamentals of u.s. world dominance to talk about just how relevant it is because dr hudson you've mentioned because you know capitalism gangsters used to run the casinos we just saw a little movie clip of it is it any coincidence that gangsters run them again in the sense of the banks well that's what franklin roosevelt pointed chair of banks. this is their idea of free market is a market free from consumer protection free from anti-fraud laws and this is exactly it's kind of free market with the classical small you know the sort of ironic that they're using they're claiming adam smith in the classical.

listening to mainstream economists all last week and davos i really appreciate it as always dr michael hudson. all right so now that i'm back from davos i just want to say first thank you so much to our viewers and to the twitter community and to guests like jim rickards and ed harris and max kaiser and stacy herbert who were so super supportive of the coverage and my trials and tribulations at the world economic forum now if you watched our show or read my tweets you know about the experience but this was my first davos so i did want to kind of debrief you on my biggest takeaways on a personal level now before this i had only really read about davos and learned about it from a chapter about davos and superclass which is a really great book by david rothkopf which jim records actually recommended to me which gave this really good kind of insider e. account so i don't know what i was expecting but i think davos is probably completely different based on who you are and what bad you have and so i can really only speak for myself i'm not trying to characterize the whole thing i'm not trying to pa