michael-hudson.com
August 5, 2026
Robinson Erhardt
Michael started talking about this, but it sounded like there's some big news that came out last night in Michigan.
Michael Hudson
Well, the Democratic Socialist candidate won over the Democratic National Committee candidate in Michigan, and the press makes this out to be a conflict between socialism and capitalism. But the common point of Richard's and my view is that everybody at the takeoff of industrial capitalism thought capitalism was evolving into socialism, so there's really no contrast.