Michael Hudson: The Economic Unravelling of the Political West
Michael Hudson describes the development and progression of America’s economic parasitism.
Read more...Category Archives: Globalization
Status of the US Dollar as Global Reserve Currency: USD Share Drops to Lowest Since 1994
Central banks diversify their holdings from the dollar into dozens of smaller non-traditional reserve currency alternatives.
Read more...Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony
Why Trump’s National Security Strategy and his efforts to shore up dollar dominance are proofs of weakness.
Read more...Ethnic Cleansing, Trump Style: Administration Moves to Send Asylum Seekers to Uganda, Honduras and Ecuador
Yes, the Trump Administration is seeking to shunt asylum seekers to Uganda, Honduras, and Ecuador, presumably <1>pour décourager les autres.
Read more...Oklahoma’s Ban on Chinese-Owned Farmland Made an Exception for Smithfield Foods
Despite introducing legislation across the country to restrict foreign ownership of farmland, lawmakers do not appear motivated to target monopolistic firms, or to bring more of the food supply chain under domestic control.
Read more...Africa’s New Data Dependency – Technology Colonialism
Data agreements are replacing armies as tools of colonialism and the return of external governance
Read more...Russian Central Bank Sues Euroclear Over Frozen Assets; Will the EU Be Hoist on the Investor-State Settlement Disputes (ISDS) Petard?
Hoo boy. Russia looks to be using much demonized (by labor and environmental rights advocates) investor-state dispute settlement provisions to pursue Euroclear.
Read more...Jeffrey Sachs: Trump’s Empire of Hubris and Thuggery
Trump’s latest National Security Strategy memorandum treats the freedom to coerce others as the essence of US sovereignty.
Read more...President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump
Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.
Read more...The Anti-MAGA Economics of the Second Trump Administration
How Trump has defaulted on his MAGA promises.
Read more...Trump Goes Full Biden, Insists No Inflation, Affordability a Con as Strained Consumers Know Better and Trump’s Polls Sink Further
Trump’s failing about, now on inflation and affordability, is becoming more desperate.
Read more...Car Industry Woes Intensify as US Consumers Refuse to Eat the Dog Food, China Suffers from Overcapacity
The car industry is in a world of hurt, and that has significant economic and societal implications.
Read more...Protestor Confrontation with ICE in New York City Appears to Have Stymied Raid; Is There Any Hope for ICE Opposition?
As ICE protests continue, are they succeeding in throwing sand in the gears of the deportation machine?
Read more...US “R” Us or Tax Sovereignty?
Countries can either capitulate to President Trump’s tax bullying or come together to fight for the sovereign right to tax multinationals fairly.
Read more...As US Hunger Rises, Trump Administration’s ‘Efficiency’ Goals Cause Massive Food Waste
Feature or bug? 1890s-loving Trump’s policies increase food waste, hurting citizens, farmers, and agriculture processors.
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