000			01115nam a2200169Ia 4500
005			20250117104041.0
008			250117s9999 xx 000 0 und d
020			_a9783949546075
082			_a301.2 HUD
100			_aMichael Hudson
245		4	_aThe Destiny of Civilization _bFinance Capitalism, Industrial Capitalism or Socialism
260			_bIslet _c2022
300			_aXXii,327p.;24cm
500			_aIncludes Index
520			_aThis book is based on the lecture series on finance capitalism Michael Hudson presented for the Global University for Sustainability. The book explains why the U.S. and other Western economies have lost their former momentum: A narrow rentier class has gained control and become the new central planner, using its power to drain income from increasingly indebted and high-cost labor and industry. The American disease of de-industrialization has resulted from the costs of industrial production being inflated by the economic rents extracted by this class under the system of financialized monopoly capitalism that now prevails throughout the West.
650			_aFinance capitalism
999			_c10315 _d10315