American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Read more...Category Archives: Free markets and their discontents
Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
Read more...Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Selfishness Cannot Be the Basis of Society
A stereotypical case of an economist putting market concepts over society….worse in family relations.
Read more...Honey Trap for Israelis and Americans in the Red Sea
John Helmer provides new intel on Red Sea machinations of various players in response to Houthi action against sea trade with Israel.
Read more...Book Review: Sally Denton and Roger Morris, “The Money and the Power”
Examining the moments and people that helped fuse the US state, economy, and organized crime into one indistinguishable entity.
Read more...Migrants Are Begging in Brooklyn Neighborhoods That Voted for Trump, Sparking Hostility and Help
Nextdoor and Facebook groups present anecdotes and photos from Marine Park of encounters with migrants from a nearby shelter complex. Others are providing aid.
Read more...China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up
China is raising the stakes in the US sanctions war by tightening rare earth screws.
Read more...World Bank Enables Private Capture of Profits, Public Resources
The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public
Read more...Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?
Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
Read more...Keep Capitalism Out of Conservation
Trying to use capitalsm to justify environmental protection: not a happy mix.
Read more...Self-Driving Cars Hit the Wall
Self-driving cars have suddenly gone from being depicted as inevitable to likely never happening at scale. Why?
Read more...Big Meat and Dairy Delegates Triple at COP28
Big Ag fights back at COP28
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