In this clip of our upcoming episode with Kate Aronoff, Kate recalls her recent exchange in Puerto Rico with the chairman of the House Natural Resources Committee, Rob Bishop, R-Utah, about the privatization of PREPA and his plans to turn Puerto Rico into an export hub for natural gas.
Our full episode with Kate Aronoff on heterodox economics, her recent reporting on a federal job guarantee, U.S. politics in the Trump era, climate change, Puerto Rico, and more, will air in the coming week.
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Kate Aronoff is a graduate student of Economics at John Jay College, a contributing writer at The Intercept, and a writing fellow for In These Times covering the politics of climate change, economics and public policy, the White House and the Trump administration, and the resistance to Trump's agenda.
In this Left Out bonus clip, economist Michael Hudson answers whether millennials should get into the housing market.
"There are two classes millennials now. One class of millennials inherits houses from their parents, or have a trust fund or the parents have paid for their education in full and have helped them get a house or have given them their own house. Rich millennials who have parents helping them are in one class, and the class of self-supporting millennials--which used to be just about everybody in their late 20s--can’t afford to be self-supporting anymore, even in their 30s."
The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored—or hotly debated—that week in the press.
In this week's edition of The Hudson Report, Paul Sliker speaks with Michael Hudson about the state of housing in the U.S. vs. China, why unaffordable housing is not a part of true nature, and why the self-supporting class of millennials can't afford to buy homes.
"Housing is a very good investment if you have millionaire parents." -Michael Hudson
If you're enjoying Left Out and these weekly episodes with Michael Hudson, please consider supporting us by becoming a subscriber on Patreon. We need your small donations to continue providing free content: https://www.patreon.com/leftout