People and Jobs? Or Wealth? The Government Has To Decide Which To Prioritise, and There Is Only One Right Answer
Why landlords, banks, and pensions need to be sacrificed to save jobs and businesses from the ravages of coronavirus.
Read more...Category Archives: Economic fundamentals
The Eurozone in Crisis
The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Unemployment Effects of Stay-at-Home Orders
Why ending the lockdowns won’t do all that much to lower unemployment.
Read more...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal
Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?
Read more...Why the Oil and Gas Industry Will Never Be the Same
An overview of the dislocations in the oil market.
Read more...Is There Deflation or Inflation in Our Future?
We don’t have a recovery in sight, but some economists are already worried about inflation.
Read more...Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam
Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.
Read more...Coronavirus-Induced Food Supply Disruptions Hitting Farmers, Poor Consumers
Food scarcity is already starting to bite in the US and is likely to become a serious problem in much of the world.
Read more...Become a Manufacturing Powerhouse in 2020—An Economic Recipe for Our Times
On bringing manufacturing back home.
Read more...Inequality and the Coronavirus: Destroying American Society From the Top Down
Coronavirus is exposing the severity of inequality in the US, particulary limited access to health care and the health costs of poverty.
Read more...The Coronavirus New Normal Has Only Started To Arrive
Why we aren’t even at the end of the beginning of coronavirus-induced change.
Read more...The Worst Is Yet To Come for Oil Prices
Collaping oil prices demonstrate the severity of the fall in real economy activity.
Read more...Replacing Workers Has Many Costs
Companies remains short-sighted about the cost of ditching workers.
Read more...