Category Archives: Free markets and their discontents

U.S. Declares a Vaccine War on the World

The U.S. fumbled its coronavirus response. Its intent to hoard vaccine profits only isolates it from other countries working on remedies.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

If the Federal Government Won’t Fund the States’ Emergency Needs, There Is Another Solution

Some ways aroung the Federal government’s present refusal to do much for state and localities.

Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism

Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

Exclusive: Countries To Face a ‘Wave’ of Corporate Lawsuits Challenging Emergency COVID-19 Measures

Will Covid-19 trigger reprehensible investor-state dispute settlement suits?

Brexit: Yet More Chicken

The same bad Brexit dynamics are very much in place.

Reminder: When the Very Very Rich Are Done With Us, They Plan to Leave Us Behind

More evidence, as if you needed it, that the super rich are not your friends.

Reopening Isn’t Reopening—It’s Cutting Off Unemployment

In case you wondered why conservative states are all gung ho about reopening….

The Wealth Effects of Bailouts: A Quantitative Assessment

Once again, income earned by the many is used to save the wealth of the few.