How Debt Dynamics Polarize Economic and Political Power
An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.
Read more...Category Archives: Income disparity
The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...Kshama Sawant: Workers Strike Back
Sawant wants to take more forceful and concerted steps to advance workers’ interest. How do her ideas stack up?
Read more...Why is America So Anti-City? It Holds Back the Entire Country
oth parties are exacerbating the city/country split. How different are their interests?
Read more...Minnesota Becomes 4th State to Provide Free School Meals to All Kids
Child labor makes a comeback as there’s no such thing as a free lunch in 46 US states.
Read more...Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage
More Medicare “buyer beware” alerts.
Read more...Were the Bank Bailouts the Result of Rising Wealth Concentration?
Are many of the explanations of the recent bank tsuris barkign up the wrong tree?
Read more...The High and Getting Higher Cost of Renting in the US
Why renting is even more expensive than ever, even pinching the soi-disant middle class.
Read more...Michael Hudson Talks to Ben Norton About SVB and Bank Failures
Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Read more...SVB and the Only Choice We Have
How the SVB bailout confirms the dedication of the elites to self interest only.
Read more...US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare
An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.
Read more...How Does JK Galbraith’s The New Industrial State Hold Up After 6 Decades?
How John Galbraith correctly called many developments that have had great political and economic significance, like the decline of unions
Read more...Why Student Debt Cancellation Is Reasonable, Not Radical
Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”
Read more...What If the World Cannot Save the World from Climate Change?
How climate change reveals a crisis of international governance.
Read more...Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
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