Category Archives: Free markets and their discontents

The Public Shouldn’t Pay for Drugs Twice

Taxpayers foot the bill for medical research, but drug companies profit. We need a new R&D model to stop this rentierism.

Could the Ukraine Conflict Be an Opportunity for the Global South?

Many countries see the Russia challenge to Western economic dominance as an opportunity to rewrite the rules of global trade in their favor.

The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China

Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.

After Bolsonaro’s Failures, Why Was Brazil’s Election So Close?

Lula wins by a whisker, but the Bolsonao Christian Right remains a powerful threat.

Stop Worshiping Central Banks

Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.

The U.S. Diesel Shortage Is Worsening

That diesel shortage we warned you about is arriving. So what is likely to happen?

Haitians, Peace Activists Denounce Plan for Another US-Backed Intervention

Haitians are saying “no to armed invasion from the international community, because every time there is the so-called ‘help’ invasion… it results in chaos,” said one activist.

Advertise on a Competitor’s Social Media Platform? Um, that Would Be a Hoot… GM “Paused” Ads on Musk’s Twitter

GM wants to have a look-see about how Twitter might use GM ad data to benefit Tesla. Will Chinese walls be enough?

A Disordered World – Part 3: Pathways

Satyajit Das’ final post on where the world order is headed.

Satyajit Das: A Disordered World – Part 2: Susceptibilities

Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites

Sunak Has Been Set Up To Fail and the Likelihood Is That He Will

Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems

IEA: The Current Energy Crisis Is Unprecedented

The IEA has finally, late in the game, goten the nerve to sound alarms about energy shortages. But nary a word about the role of sanctions