Category Archives: Banking industry

Attacks on Sanders, Progressives Falsely Depict Obama As Lefty Failure as Opposed to Neoliberal Success

A sign that the progressive cause is moving out of the wilderness and starting to rattle The Powers That Be is that the messaging apparatus is starting to attempt to demonize Sanders as a hopeless cause. And the arguments made against him and the progressive cause generally are made via bizarre analogies to the neoliberal Obama.


Michael Hudson: The Paradox of Financialized Industrialization

The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.


Clinton Outdoes Tsipras in Kolotoumbas with Her Reversals on TPP, Bank Regulations

The big problem with Hillary is it is hard to believe she stands for anything other than her desire to exercise power. Her latest bout of opportunism only reinforces that notion.