Neoliberalism Is Over. Welcome to the Era of Neo-Illiberalism!
Big tech, nationalist politics, and the billionaire class have propelled a novel political economy. What impact will the virus have on this new status quo?
Read more...Category Archives: Doomsday scenarios
Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust
Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis
Read more...Retail Bankruptcies, Bailouts Put Spotlight on Private Equity
Private equity turned a lot of retailers into tenants….and now landlords are a big impediment to the survival of many businesses.
Read more...The Puzzling Questions of the Coronavirus: A Doctor Addresses 6 Questions That Are Stumping Physicians
A partial list of coronavirus “known unknowns”.
Read more...Economic Blow Of The Coronavirus Hits America’s Already Stressed Farmers
Many farmers were struggling economically and psychologically even before coronavirus hit.
Read more...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)
What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.
Read more...People and Jobs? Or Wealth? The Government Has To Decide Which To Prioritise, and There Is Only One Right Answer
Why landlords, banks, and pensions need to be sacrificed to save jobs and businesses from the ravages of coronavirus.
Read more...The Eurozone in Crisis
The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Tale of Two Cities Redux: HK to Ease its COVID-19 Restrictions, While NYC Situation Remains Dire
Hong Kong’s public health authorities protect its population from COVID-19, via use of masks; NYC, by contrast, flounders.
Read more...Rubbish Is Piling Up and Recycling Has Stalled – Waste Systems Must Adapt
The COVID-19 crisis has disrupted waste management, especially the EU plan to move from virgin resourcs inputs towards a circular economy.
Read more...Big Oil Fears Keystone XL Ruling Means End of Easy Pipeline Permits
Important pipeline legal ruling, plus some context: the Trump administration didn’t pioneer US policy of greenlighting oil pipelines.
Read more...More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?
Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...Unemployment Effects of Stay-at-Home Orders
Why ending the lockdowns won’t do all that much to lower unemployment.
Read more...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
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