The Global Financial Crime Wave Is No Accident
Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.
Read more...Category Archives: Free markets and their discontents
Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers
Another look at the ugly Sears bankruptcy.
Read more...Michael Hudson: “Moral Hazard” vs Mutual Aid – How the Bronze Age Saved Itself from Debt Serfdom
Bronze Age societies forgave agricultural debt to keep cultivators working on their land, able to pay taxes and work in the military and on public projects. Lenders were seen as greedy and exploitative.
Read more...Why I Have Given Up on Powell’s Books
My inability to place an online order at Powell’s Books despite multiple attempts says something is very wrong.
Read more...How Trump’s Game of Chicken With Iran Could Weaken the Dollar’s Role as the World’s Currency
Politicizing the SWIFT payments system is leading other nations to the search for alternatives to the dollar.
Read more...When the Middle Class Lost Its Wealth
Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.
Read more...Everything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s New Book, And Forgive Them Their Debts
Why debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization,
Read more...High Stakes, Entrenched Interests And The Trump Rollback Of Environmental Regulations
Trump’s “progress” in gutting environmental protections.
Read more...Trump and the Midterms: Is It Not The Economy, Stupid?
What role did the state of the economy likely play in the midterm results?
Read more...Boeing, Crapification, and the Lion Air Crash
Boeing looks culpable for the Lion Air crash that killed 189 people.
Read more...AOC Rental Woes a Reminder of Worsening Conditions for Workers
Rising rental costs put a spotlight on how it is even harder than ever for ordinary workers to get by.
Read more...The Super Rich Get Even Richer
The continuing rise in wealth of the super rich bodes ill for financial and social stability.
Read more...Cryptocurrencies: Financial (In)stability and (Un)fairness
If private cryptocurrencies were to find widespread economic use, either coexisting with or fully displacing fiat money, the result would be increased financial instability, inequality, and social instability.
Read more...From Brothels to Independence: The Neoliberalization of (Sex) Work
Sex workers in the UK are by now just another part of the online, freelance, customer-reviewed digital economy. They story of how they got there exposes a dangerous shift.
Read more...Mortality Risk, Valuing Lives, and the Impact on Health Care
The way economists think about the value of lives influences health care policy, and some of their ideas may be producing bad outcomes.
Read more...