Category Archives: Economic fundamentals

The Who and Why Behind the Push to Gut Child Labor Laws

“The object of employing children is not to train them, but to get high profits from their work.” — Lewis Hine, 1908

A Debt Crisis Looming in the Global South?

Martin Guzman explains the role of power in sovereign debt crises and restructurings.

German Government Is in Disarray at Home and Causing Confusion Abroad

Scholz’s corrupt past resurrected again, coalition sinking, and questions arising over who in German government is actually steering foreign policy.

Tracking the EU Decoupling from Russia

Taking stock of the EU’s economic divorce from Russia.

Russia Leaves Neoliberal West to Join World Majority

The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?

James K. Galbraith: The Gift of Sanctions – An Analysis of Assessments of the Russian Economy, 2022 – 2023

Galbraith debunks conventional wisdom on sanctions against Russia.

The Impact of Inflation

The IMF takes a wee look at who is hurt by and benefits from inflation.

U.S. Losing Influence As Saudi Arabia Joins Shanghai Cooperation Organization

The US has managed to alienate Saudi Arabia, a one-time key ally.

Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,

Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.

Why Market Fundamentalism Is Incompatible with Climate Action

Tackling the climate crisis effectively requires a shift from market fetishism to a more fair and sustainable global economy

The Financial Crisis of 2023: Protecting Big Finance, Coming and Going

The financial system needs to provide a safe place for businesses to place their reserves and working capital.

“Biden’s Awkward Democracy Summit”

The US trying even harder to tout the virtues of its ideas of democracy is not winning friends or influencing people.

Austerity for the Plebes, Bank Rescues for the Rich

The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.

European Gas Prices Extend Gains As French Strikes Block LNG Imports

The economic effects of the massive French strikes are starting to extend beyond France, although so far in a limited way. Is more to come?

Herman Daly (1938-2022): The Economist for Our Time

The double question implied throughout Herman Daly’s work as an economist is this: “Is the economy for the people, or are the people for the economy?” nomy for the people, or are the people for the economy?”