Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...Category Archives: Free markets and their discontents
Biden’s FTC Has Blocked 4 Hospital Mergers and Is Poised to Thwart More Consolidation Attempts
The Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.
Read more...The Capitalist Solution to ‘Save’ the Planet: Make It an Asset Class & Sell it
John Bellamy Foster explains the plans to create assets on the back of everything nature does and expropriate it from the global commons.
Read more...Experiments with a Four-Day Workweek
Workers around the world are experimenting with a four-day week, and their efforts illustrate the promise of shorter working time.
Read more...Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Michael Hudson: The End of Western Civilization – Why It Lacks Resilience, and What Will Take Its Place
How neolibearlism and idealization of markets is the latest chapter in the West’s destructive drift towards rule by oligarchs and rentiers.
Read more...Some Quick Thoughts About Russia’s Resilience and America’s Malaise
Seeking reader input on preliminary hypotheses on why Russia is faring better than expected under the sanctions while the US is suffering.
Read more...Financial Crises as Drivers of Populism: A New Channel
Financial crises hurt the middle class, reducing their support for the status quo in favor of insurgent, aka populist, candidates.
Read more...How Organized Labor Leads the Fight for Safer Workplaces
Workers forming unions at Amazon and Starbucks want better wages and benefits and other labor protections union workers enjoy every day.
Read more...Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
What’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.
Read more...Rishi Sunak Could Become PM. Here’s What He Doesn’t Want You to Know
From offshore dealings to right-wing think tanks, a guide to Rishi Sunak, the man who could become the UK’s richest PM
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...The G7 Is Still Pushing Its Nutty Russia Oil Price Cap Idea
A new effort to punch Russia in the nose look as likely to backfire as earlier attempts, charitably assuming the scheme gets off the ground.
Read more...FBI Now Joins in China Warmongering in Bizarre Speech in London with MI5 About Taiwan, Intellectual Property Theft
The US is really really out to heat things up with China…
Read more...Weaponizing Free Trade Agreements
free trade agreements may increasingly become economic weapons in the new Cold War, disrupting earlier globalization.
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