On December 8th, 2016, the Kairos Center hosted “The Land Belongs to God: The Bible’s Commandment Against Wealth and Poverty” at Union Theological Seminary. Our featured speaker was Dr. Michael Hudson, an economist who has studied the history of debt — as well as its consequences and the struggles that have been fought around it — in societies from ancient Babylonia up through today. Dr. Hudson’s recent book, J is for Junk Economics, was released in February, 2017, and his work on the history of debt in the Near East will be published by The Institute for the Study of Long-Term Economic Trends (ISLET) in early 2018.
Earlier in the day, the Kairos Center had a lunch conversation with Dr. Hudson on debt, politics, the Bible, and other issues. Below is an edited and condensed transcript of that discussion.
Kairos Center: Where did your interest in politics come from?
Dr. Michael Hudson: My father was a labor leader. He was sent to jail 75 years ago under the Smith Act for advocating the overthrow of the government through force and violence. The Attorney General later wrote it was the only thing he was ashamed of doing.
When he got out of jail, we moved to Chicago. I grew up in Hyde Park, went to the Lab School. It was a very formative experience. My closest friend in high school was Gavin MacFadyen — he was the head of the Center for Investigative Journalism and we spent a lot of time together. I grew up knowing most of the labor leaders and socialists in Chicago and elsewhere. People would come to the house – people who worked with Rosa Luxembourg, Karl Liebknecht – and they taught me the stories to remember when they all died.
— source kairoscenter.org | Sep25, 2017