Syriza, R.I.P.
The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.
Read more...Category Archives: Economic fundamentals
Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses
How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.
Read more...China: The Covert Credit Superpower
An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees
How levees become counterproductive as flood severity increases.
Read more...The Numbers Are In, and Trump’s Tax Cuts Are a Bust
Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring
Why the success of the far right shows that neoliberalism is very much alive and well.
Read more...Taxes for Revenue Are Obsolete
In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.
Read more...Michael Hudson: De-Dollarizing the American Financial Empire
Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.
Read more...Brexit: Will Boris or Won’t He?
Does Johnson have any Brexit wriggle room?
Read more...Transfer (Mis)pricing, the Jewel in Every Multinational Enterprise’s Crown
Transfer pricing: How developing countries lose $3 billion every day through an accounting trick that allows corporations to avoid paying tax.
Read more...Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy
The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.
Read more...Is Industrial Policy Finally Legitimate?
Awfully late in the game, industrial policy gets the recognition it deserves.
Read more...Why Busy-Ness Is So Damaging
How our economic and political order fuels busy-ness, harming both individual and community well-being.
Read more...The Myth of Expansionary Austerity
If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
Read more...U.N. Report: ‘Human Rights Might Not Survive’ Climate Crisis
Not surprisingly, the poor, particularly in developing countries, will be devastated by climate change.
Read more...