I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Why Comparative Advantage was replaced by Rent Extraction - with Prof Michael Hudson by Renegadeeconomists on Mixcloud Karl Fitzgerald: Our favourite guest, the man that Max Keiser from www.MaxKeiser.com described as the world’s greatest living economist, yes, Professor Michael Hudson is here to give us a wrap on 2013 and the economic forces that have surrounded us for centuries. How have you actually seen 2013? What’s played out for you in terms of the big trends? Michael Hudson: Oh, the same shrinkage that you’ve seen ...