Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Corporate landlords are taking over, making life unaffordable: Economist Michael Hudson explains why
59 minutes Posted Aug 10, 2025 at 3:46 pm.
Cost of living crisis in West
Blackstone: largest US landlord
Blackstone CEO is Trump donor
Investors buy up US homes
Wall Street buys single-family homes
Wall Street buys up neighborhoods
Homelessness rises in USA
Blackstone buys up homes in Spain
Introduction to Michael Hudson
Highlights
Interview starts
Feudalism, capitalism, & rentier class
Adam Smith, David Ricardo, & Karl Marx
Difference between value, price, & rent
Bankers, industrialists, & landlords
Theory of comparative advantage
Problems with economics education
Profits vs rent
Financialization and GDP
Adam Smith in Beijing
Peter Thiel defends monopolies
China's reform and opening up
China's public ownership of finance
Need to tax land rent
China's industrialization
Passive income (ie, rent seeking)
Mainstream "junk economics"
Outro
0:00
59:54
Download MP3
Show notes
Private equity funds and other Wall Street investors are buying up homes across the US and the West, driving up rent and the cost of living. Economist Michael Hudson explains how these corporate landlords are a result of the system of financialized capitalism, dominated by an unproductive rentier class. He is interviewed by host Ben Norton.
VIDEO: https://www.youtube.com/watch?v=qJd0d7Uda2M
Transcript: https://www.geopoliticaleconomy.report/p/corporate-landlords-rent-michael-hudson
Part 1 of this interview: https://www.geopoliticaleconomy.report/p/world-us-financial-colonialism-economist-michael-hudson
Read Michael's article "How the Global Majority can free itself from US financial colonialism": https://geopoliticaleconomy.com/2025/07/17/michael-hudson-global-majority-us-financial-colonialism/
Michael's website: https://michael-hudson.com/
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