A Quote by Michael Hudson

You could say that the vote to withdraw from Europe is, it's really a vote of the British middle class, the working class, to withdraw from the U.S. neoliberalism that has been running Europe for the last ten years.
I have a funny relationship to the British working class movement... I'm in it, but not culturally of it... I was aware that I'd come from the periphery of this process. I was reluctant to go canvassing for the Labour party. I don't find it easy to say, straight, face to face with an English working class family: 'Are you going to vote for us?'
You need a debate and a vote on the principles: Do you want more Europe or less Europe? Do you believe we are more efficient with defense and security with Europe, or not? Do you believe we are more efficient for our companies with or without Europe? Those are the questions we have to discuss and push our people to vote on it.
I know that at literary festivals I'm speaking mostly to middle-class women, who frequently vote in a way that is contrary to how I'd like them to vote.
Marriage equality is a very middle-class issue and voting rights is a very working-class issue. If you do not vote, who are you speaking for? Who will be the next Fannie Lou Hamer? If not you or someone you know, then who?
It`s not just Republicans. It`s Republicans and Democrats. It`s middle class, lower middle class, working class Americans who have felt the angst, who are frustrated, who are angry as a result of 1% growth which, in my view, has been really the issue that has propelled Donald Trump from day one.
There is quite a lot of mutual misunderstanding between the upper middle class and the working class. Reviewing what's been said about the white working class and the Democrats, I realized that there's even a lot of disagreement about who the working class IS.
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
It's still popular to ... insist that globalization is a rising tide that lifts all boats, but the hard reality is that the last thirty years have seen America's once proud and prosperous working class thrown to the wolves, so corporations could keep boosting their quarterly profits and the middle class could maintain a filmy illusion of wealth through access to cheap consumer goods.
I think there are many people in the working class who say, you know what? Yes, maybe we are better off than we were eight years ago, but I am still working two or three jobs, my kid can't afford to go to college, I can't afford child care, my real wages have been going down for 40 years. The middle class is shrinking. Who's standing up for me?
We're facing headwinds from Europe. Europe doing the right things here to stabilize their situation is important to our small businesses, our workers, the middle class here, and overall economy.
The United States is a special case, and for me, very interesting. It's studied carefully and we know a lot about it. One of the most striking features of the elections is the class-based character of the vote. Now, class is not discussed or even measured in the United States. In fact, the word is almost obscene, except for the term "middle class." And you can't get exact class data; the census doesn't even give class data. But you can sort of see the significance of it just from income figures.
I grew up in a working class neighborhood in Sweden, which, during my teens, gentrified and is now completely middle class and even upper middle class.
For 40 years, the American middle class has been disappearing. Millions of people are working longer hours for lower wages despite a huge increase in technology and productivity. And what we have seen during that period is a massive transfer of trillions of dollars from the middle class to the top one-tenth of 1 percent of America
The neoliberal programs of the last generation have in fact been, and were intended to be, a pretty serious attack on democracy, but also they've led to stagnation or decline for large parts of the population - the working class, the lower middle class, these people have essentially been cast aside.
My upbringing was middle-class but my parents' families were both working-class so I had this odd combination of working-class background but in a privileged position.
I was brought up in a very naval, military, and conservative background. My father and his friends had very typical opinions of the British middle class - lower-middle class actually - after the war. My father broke into the middle class by joining the navy. I was the first member of my family ever to go to private school or even to university. So, the armed forces had been upward mobility for him.
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