Interview with Michael Hudson on Real News.
They are discussing the findings of Obama's Crisis Inquiry Commission on the recent economic collapse. The findings are not at all surprising. They always have these "inquiries" for public relations purposes. They are always designed to cover the crimes of the ruling class.
One of the first, and most outrageous such group that I remember, was the Warren Commission's report on the assassination of President Kennedy. It provided cover for the the insidious secret cabal within our government that rules over us, and who assassinated our President. (If you wish to know more about this, you must view the excellent films entitled, "The Men Who Killed Kennedy, V1 &2.)
What this interview with Hudson most illustrates is how well indoctrinated US intellectuals are. Hudson is a highly trained and intelligent economist. But you must understand that the more training one receives in US institutions of higher learning, the more one also receives indoctrination in capitalist ideology. If one doesn't absorb capitalist ideology, one is weeded out of the institutions of higher learning at some point in one's education. To get a more detailed explanation of this thesis, you must read Disciplined Minds by Jeff Schmidt.
When people such as Hudson enter the real world and begin to experience reality, they often feel a sense of outrage as expressed in this interview. At the risk of one's career, one must never go beyond that outrage to grasp the insight that the ruling class makes laws not to apply to themselves, but to control working people. Were he to do so and behave accordingly, he would be banished to the occupational equivalent of Siberia.
The ruling class of capitalists make laws to create the illusion that our society is governed by a legitimate legal framework. Any laws which get in their way are ignored, while those which serve their interests are vigorously enforced.
