A Facet of Late-State Capitalist Failure: Operational Breakage
Are seemingly increasing operational failures a sign of a bigger pathology?
Read more...Category Archives: Economic fundamentals
Neoliberalism Was Born in Chile. Now It Will Die There
A constitutional convention is remaking Chile to break with the model forged by murderous dictator Augusto Pinochet
Read more...Bad as QE Was, Unwinding It Rapidly Could Be Worse
Getting out of super low interest rates and unwinding QE is proving to be easier said than done.
Read more...McKinsey: Net-Zero By 2050 Needs $9.2 Trillion Annual Investment
McKinsey gives a not surprisingly big estimate for the cost of energy transition. But it’s unlikely to have considered radical conservation.
Read more...The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...Construction Costs Spike 17.5%, Worst Since at Least 1965. Inventories of New Houses Pile Up, Highest Since 2008. Median Price Dives as Mix Shifts
A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Read more...How Inequality Leads to Industrial Feudalism
How highly unequal asset ownership diminishes social mobility and institutionalizes modern-era feudalism.
Read more...UN Report: The World’s Farms Stretched to ‘A Breaking Point’
UN: Climate-stressed, pollution-degraded farms system must adopt sustainable practices to feed an additional 2 billion by 2050.
Read more...Rorschach Test: Revealing Western Press Reactions to Xi Jinping Speech at Davos
Xi Jinping gave an important speech at Davos, even if it was mainly updates on favorite themes. But the press reactions…..
Read more...Fable of the Squirrels: New Research on Wealth Inequality Among Animals Sparks Debate on Human Economies
Studies of beasts that pass on wealth, um, resources and advantages to offspring may inform whether humans create stratified conditions.
Read more...Michael Hudson: What is Causing So Much Inflation?
Economist Michael Hudson explains the inflation crisis and Fed’s secretive $4.5 trillion bank bailout.
Read more...Michael Hudson: On Debt Parasites
Michael Hudson’s favorite theme: why debt cancellation was a regular practice in ancient societies and what happens now that we’ve rejected it
Read more...The Fed Sets Out to Kill the Economy to Save It
The Fed is trying to solve an economic problem that is largely outside its reach.
Read more...Most People Want an Active Government, Working on Their Side. It Is Time Those Seeking Power Took Note.
The UK government, like its US counterpart, is not held in much respect. Does this create an opportunity?
Read more...‘Degrowth’ Isn’t Just About the Economy. It’s About Culture.
What would it take for the idea of degrowth as a response to climate change to get traction?
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