Category Archives: Economic fundamentals

Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt

A deep dive on developing country debt crisis and how they reveal the workings of international finance.

Michael Hudson: Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial order.

The Impact of Brexit on the UK economy: Reviewing the Evidence

Two-thirds of the British public think Brexit has damaged the economy, and all indications are that they’re right. Where does the UK go from here?

The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash

Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.

Economics v. the Earth: New Book Explores the History of a Tense Relationship

Fredrik Albritton Jonsson and Carl Wennerlind discuss how belief in infinite growth came to seem reasonable in philosophy and economics.

It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions

There are no doubt good reasons for Americans to be concerned about China, but our official justificaitons don’t stand up to scrutiny.

The New York Times Thinks Worker Suffering Is a Fair Price for Lower Inflation

Per the Times, inflation must be tackled, and the only way to do so is through lowering incomes and potentially jacking up unemployment.

Central Banks, Green Finance, and the Climate Crisis

The tough policy choices ahead for confronting the climate crisis.

Oil Prices, Oil Profits, Speculation, and Inflation

n the not inconsiderable role of speculation in the crude oil market in the increase in the WTI crude oil price.

America Has Just Destroyed a Great Empire

America is making a mess in trying to preserve its hegemony.

IMF Confirms that Profits Are Driving Inflation

It’s now undeniable that corporate profits are playing a big role in our current inflation.

The EU Sows the Seeds of Its Own Destruction

Brussels’ increasing attacks on the working class mirror decades-long Italian efforts that have caused a collapse in standard of living and trust in the EU.