Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...Category Archives: China
Fast Fashion: Magical Shift in Consumption Patterns Will Save the Planet?
Forbes thinks that emerging markets consumers might save the planet from fast fashion folly. Ahem. I’m not so sure.
Read more...North Korea: Are Sanctions Working?
Experts have said a military response North Korea’s belligerence is not viable. Is the current economic approach likely to succeed?
Read more...Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...G20 Climate Commitments and China’s One Belt One Road
A critical look at some wishful thinking about climate change and China’s One Belt One Road initiative.
Read more...The Two Capitalisms: Electric Batteries as a Case Study in US Magical Thinking vs. Chinese Vertical Integration
Electric vehicle batteries illustrate how the Chinese use control of raw materials and end markets to built vertically integrated industries.
Read more...US to Bar its Citizens from Travel to North Korea: What Comes Next?
Today North Korea, tomorrow– who knows? US ban on travel by its citizens to North Korea revives a problematic Cold War practice.
Read more...Capital Accumulation, Private Property, and Inequality in China, 1978-2015
This column presents the first systematic estimates of the level and structure of China’s national wealth since the beginning of the market reform process
Read more...The Chinese Debt Time Bomb
The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.
Read more...America and China: A Quick Critique of “The Thucydides Trap”
Is the concept of a “rising” China inevitably in conflict with a “ruling” United States correct?
Read more...Who Will Take America’s Place in Asia?
A look at America’s misguided Asia policies.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Climate Change: What Follows as US Surrenders Global Leadership Role?
Shell CEO calls on Trump not to renounce Paris climate accord, but if the US does, other efforts- e.g. Chinese, Indian– will loom larger.
Read more...China Blinks!
China taps the brake…..
Read more...China Cannot Finance the Belt and Road Alone
The One Belt One Road initiative holds great promise for the global economy, but will need a huge amount of finance. Initial presumptions that China would be able to provide all the finance are now unrealistic. Other partners should consider providing finance for some aspects, especially Europe – which has a lot to gain from the project.
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