The Gang That Can’t Shoot Straight: Western Leaders Bungle Russia Gas Supply, Barmy Oil Price Cap, and Appear Unable Even to Line Up Meetings
The harder you look at Western scheming against Russia (and China) the worse it appears.
Read more...Category Archives: Economic fundamentals
Left in the Dark: The Families Struggling to Survive Fuel Poverty
The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.
Read more...Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest Since 2008
There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
Read more...Sri Lanka’s Arrest of Aeroflot Plane Was the Straw that Broke President Rajapaksa’s Back
How Sri Lanka tried, and may still be trying, to play Moscow off against Washington.
Read more...The End of Cheap Russian Gas: Turning the Lights Out in Europe
Be careful what you wish for: Europe is seeing the end of its access to cheap Russian gas.
Read more...Some Implications of the UN’s Ukraine Grain and Russia Fertilizer/Food Agreements
The press was all over the UN’s Ukraine grain deal, but the UN agreement on Russian fertilizer and food may be more imporant in the long run.
Read more...Behind the Crisis in Sri Lanka – How Political and Economic Mismanagement Combined to Plunge Nation into Turmoil
Some background on the escalating crisis in Sri Lanka and what might come next.
Read more...Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...The Capitalist Solution to ‘Save’ the Planet: Make It an Asset Class & Sell it
John Bellamy Foster explains the plans to create assets on the back of everything nature does and expropriate it from the global commons.
Read more...Groundhog Day For America’s Energy Grid
More energy woes coming to some parts of the US due to the failure to address known infrastructure problems.
Read more...Some Quick Thoughts About Russia’s Resilience and America’s Malaise
Seeking reader input on preliminary hypotheses on why Russia is faring better than expected under the sanctions while the US is suffering.
Read more...Financial Crises as Drivers of Populism: A New Channel
Financial crises hurt the middle class, reducing their support for the status quo in favor of insurgent, aka populist, candidates.
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...The G7 Is Still Pushing Its Nutty Russia Oil Price Cap Idea
A new effort to punch Russia in the nose look as likely to backfire as earlier attempts, charitably assuming the scheme gets off the ground.
Read more...Fossil Fuel Interests Are Behind Canada’s Blue Hydrogen Push
Fossil fuel producing Canada is promoting the blue hydrogen con.
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