Category Archives: Derivatives

Michael Hudson on Parasitic Financial Capitalism

An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.


Republican Rank-and-File Lines Up Against Financial Regulation

Let us not kid ourselves that the Democratic party is also for the most part out to gut financial regulation.

The only reason that there is more space between Congressional Republicans and Democrats than usual is the pro-business, pro-bank “blue dog” wing of the Democratic party has gotten deservedly slaughtered in the last two Congressional elections for selling out what used to be the American middle class. So the more progressive-minded survivors are a bigger faction on a relative basis than they once were.

This Real News Network interview with Bill Black covers both a critical slice of the history of financial regulations (or more accurately, its rollback) as well as some of the current dynamics.


Memo to Readers: If You Want to Beat Big Finance, You Need to be Able to Take the Fight to Their Terrain

We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.