World Bank Financialization Strategy Serves Big Finance
The World Bank continues its proud tradition of making the world safe for rentiers, um, financiers.
Read more...Category Archives: Banana republic
Ukrainian Prosecutors: Why Doesn’t the U.S. Dept. of Justice Want Our Evidence on Democrats?
Ukrainian dirt on the Bidens is languishing! Why is that?
Read more...We Need to Stop the Overdiagnosis Disease. Step 1: Remove Vested Interests
Time to stop treating people as targets for disease treatments.
Read more...Right to Repair Initiatives Gain Support in US
Minnesota may soon be the first state to adopt right to repair legislation, and measures are pending in a total of twenty states. Democratic presidential candidate Elizabeth Warren recently endorsed a national right to repair for farm equipment.
Read more...Has Privatization Benefitted the Public?
To ensure public acceptability, some benefits accrue to many in the early stages of privatization in order to minimize public resistance. However, in the longer term, privatization tends to enrich a few but typically fails to deliver on its ostensible aims.
Read more...New York Sues Big Pharma for Opioid Crisis
The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Read more...The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?
Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)
By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]
Read more...Yasha Levine: Respectable Racists
Racists are well tolerated in liberal bastions in America….as long as they are the right sort of racist.
Read more...Brexit: Pandemonium
Is May’s latest Brexit gambit a roll of the dice or meant to be a road to nowhere?
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...Yasha Levine: Silicon Valley and “Communication Weapons of War”
Turns out Silicon Valey isn’t all that innovative on the propaganda front.
Read more...Brexit Brief
Another day of Brexit confusion.
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