Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.
Read more...Category Archives: Free markets and their discontents
Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis
On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.
Read more...Could California End Up With a Trump-Like Governor?
How much should Californians worry that Larry Elder, a politically inexperienced, hard core right winger, might become governor?
Read more...Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization
Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...50th Anniversary of Powell Memorandum: Neoliberalism Has Wrecked Its Hosts
Commemorating a desructive anniversary, that of the Powell memo that set forth how big business would wage war against ordinary citizens.
Read more...Conspiracy Theories Aside, There Is Something Fishy About the Great Reset
The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.
Read more...Is Higher Education a Pyramid Scheme?
Labor exploitation, higher education edition.
Read more...Michael M. Thomas, R.I.P
I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing
An update on the already desperate and worsening state of the market for renters in the US.
Read more...Why Elon Musk Isn’t Superman
Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.
Read more...Pessimism, Cynicism & Realism, or the Edge of the Volcano
Accusations of pessimism (and why is pessimism bad anyhow?) is a cheap shot at well-founded criticism of Team Dem.
Read more...The Best Policies to Fight Pandemics: Five Lessons from the Literature So Far
Mining various studies on pandemic interventions to see which look most effective.
Read more...Globalization, Specialization, and the Division of Labour
A new angle on why workers lose out as globalization increases.
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