Michael Hudson joins us with revealing news about Wisconsin Gov. Scott Walker’s 133 page budget that slashes schools and will devastate public education, cuts 12,000 jobs, privatizes Universities and Highways, and worse. Forget the stripping public sector workers of their collective bargaining rights and issuing legally questionable arrest warrants for the fourteen Democratic lawmakers waiting it out in Illinois, Hudson says, “Wisconsin will make Argentina look like a bagatelle.” Hudson adds, the budget is good news for the Cayman Islands. Will the public support for the determined public sector workers fight to maintain their collective bargaining rights?
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.