Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...Category Archives: Free markets and their discontents
David Harvey and Capitalist Hypertension
David Harvey on the circulation of capital, crisis, and the shipping crisis.
Read more...The Charade That Deters the Use of “Direct Spending” to Fund Federal Operations
Why do so many people recoil at the idea that Federal spending does not depend on taxation?
Read more...Gig Economy Disaster: ‘Uber For Laundry’ Hung Workers Out to Dry and Now It’s Out of Business
Another innovative gig economy startup bites the dust.
Read more...Japan Isn’t Playing Neoliberalism’s Word Games
Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
Read more...Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at
Deutsche Bank’s $10Bn: the shell company back story
Read more...There’s a Lot to Celebrate This Labor Day: The Summer Has Been Filled with Victories for Workers
A round-up of victories for labor in the last year.
Read more...Liberty Reserve, Bitcoin, and the US Bank Regulatory Dog That Didn’t Bark
How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
Read more...Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
Warning to capitalists: the high levels of inequality of the deregulated Gilded Age led to concerted and effective pushback by workers.
Read more...Trickle Down Election Economics: How Big Money Can Affect Small Races
Billionaires are targeting key state races.
Read more...Gaius Publius: “You Broke It, You Bought It” – A Sanders Activist Challenges Clinton Supporters
Clinton’s hard move to the right is causing some consternation among bona fide progressives. But what will they do about it?
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Brexit Delusion Rises Even Further: City Pumping for Presumptuous, Nightmarish-to-Negotiate “Swiss Plus” Plan
The Brexit fantasies get even bigger as the City pumps for a na ga happen “Swiss plus” plan.
Read more...Expansionary Fiscal Consolidation Myth
Why fiscal consolidation, which is neoliberal economists’ pet idea that austerity increases growth, is all wet.
Read more...How WalMart Makes You Pay for Its (Lack of) Policing
Yet another WalMart scam….
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