Michael Hudson: US Cryptocurrency as an Offshore Banking Center
Yet another cryptocurrency scheme, here for its major use case, tax evasion. But for a good cause, the US dollar!
Read more...Category Archives: Free markets and their discontents
Corporate Landlords’ Profits Soar as Tenants Drown in Rent Hikes and Fees
Cheerleading about a flat CPI ignores the housing, with tenants generally and the ones with corporate landlords not getting relief
Read more...Biden Plan to Save Medicare Patients Money on Drugs Risks Empty Shelves, Pharmacists Say
The Biden plan to squeeze the Medicare drug pricing balloon has merely led it to bulge out in a different place.
Read more...Black Sea Port Becomes Geopolitical Battleground Between China and the EU
Western handwringing over China building a port a little too close to Europe’s backyard.
Read more...In Virginia, Data Centers Collide with Zero-Carbon Goals
With electric demand from data centers skyrocketing, the state considers how to meet its goal of decarbonizing the grid.
Read more...Mount Sinai Eye & Ear Nurses Rally for Layoff Plan as Beth Israel Shutdown Looms
New York City’s Mount Sinai is trying to shutter acquired Beth Israel and its own respected eye and ear facility despite state opposition
Read more...The Chronic Crisis of American Democracy: A Review
A cogent discussion of the complex, accelerating legitimacy crisis masked by bleats about “defending our democracy”
Read more...California Becomes Latest State To Try Capping Health Care Spending
California joins the list of states trying to choke health industry profiteering via spending limits. Can it work?
Read more...‘A Monstrosity’: Biden Blasted Over Planned Executive Order on Asylum
Biden attempts to throw big bone to the right on immigration. But will he satisfy anyone?
Read more...Global South Suffering Due to Powerful Nations’ Elite-Serving Policies
The World Bank projects the worst slowdown in over four decades in 2024. This is mainly due to Western powers’ contractionary policies
Read more...Michael Hudson: Modern (Mis)interpretations of Ancient Debt Cancellation
Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...Michael Hudson: Some Myths Regarding the Genesis of Enterprise
“Modern” elements of enterprise were present in Mesopotamia in the third millennium BC and the institutions supported long-term growth
Read more...Why Corporations Choose Lawlessness to Fight Unions
Workers at companies like Apple and Starbucks face armies of union-busting lawyers advising employers to repeatedly violate labor laws.
Read more...Gresham’s Law Comes for Science
Science publication has become so corrupted that entire journals have been shut down over running fake research. How did we get here?
Read more...“Am I An Extremist? ”
How the UK is using the extremist label to act against people holding mainstream views. The US is not far behind.
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