Why Capitalism Creates Racism
Why separating racism from capitalist exploitation of low-wage workers isn’t as tidy as the Democratic Party would have you believe.
Read more...Category Archives: Economic fundamentals
Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road
Why debt is the great threat to modern China’s development.
Read more...Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt
Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.
Read more...Marx and Modern Microeconomics
Marx gets some long-overdue credit.
Read more...Bill Mitchell: QE Failed in Japan
A short and devastating proof that QE was a bust in Japan.
Read more...Hoisted from E-Mail: Brexit, Security, and the UK’s Coming Poodledom
Adding to the tally of how the UK will come out a loser thanks to Brexit.
Read more...China Warns Australia Against Being a Democracy
China throws its weight around even more casually than the US does, achieving the difficult task of making Trump look not so bad.
Read more...The Hudson Report: Does Trump Know Anything About Trade?
Michael Hudson discusses Trump’s trade row with China.
Read more...How Different Are Trump’s Tariffs?
Trump’s tariffs and trade belligerence are less of a departure from recent US behavior than you might think.
Read more...Trade War or Not, China Risks a ‘Minsky Moment’
How China’s officials are trying to protect the county’s economic glass jaw.
Read more...Economists’ Dubious Relationship with Trade Policy: Comparative Advantage is a System that Works for the Wealthy
The great unwashed public has good reason to doubt what economists say about trade.
Read more...Millennials Are Waiting For The End Of Capitalism
Not surprisingly, Millennials are not in very good financial shape…..
Read more...Why Not to Expect Much from US Trade Talks With China
Why the Trump trade threats towards China aren’t likely to be terribly productive.
Read more...The Decline in Quality of Manufacturing Entrepreneurship in the US
Yes, Virginia, US manufacturing is going downhill at the bottom of the food chain as well as from the top.
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