Interesting I agree, but Fred
December 2025 › Forums › General discussion › The debt crisis › Interesting I agree, but Fred
Interesting I agree, but Fred Harrison is a prominent follower of Henry George and his land tax proposal. I heard him speak at a meeting organised by Occupy at the Bank of Ideas a month or so ago. He lost the sympathy of the audience by refusing to condemn “capitalism” (on the grounds that you can’t have production without capital!).Michael Hudson is a radical, non-Marxist economist who in this article “From Marx to Goldman Sachs” makes out Marx to be some sort of crank who sees banks lending imaginary money.I’ve only read some articles by Graeber (not his book, though Hudson probably has) but he seems to be lending credence (or perhaps reflecting) the widespread view today that the problem is not production for profit but lending at interest. And that, therefore, as Hudson concludes, all that is required is action against finance capital rather than capitalism as such (as Graeber is some sort of anarchist I don’t suppose this is his position even if his arguments lend credence to it).
