Michael Hudson: Argentina Gets Biggest IMF Loan in History
Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...Category Archives: The destruction of the middle class
EU Elite on the (Far) Right Side of History
Why the design of the Eurozone has produced right wing policies.
Read more...Leaving Money on the Table: Declining Responsiveness and the Productivity Slowdown
Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
Read more...Who, Exactly, Are the “Illegals,” Anyhow?
Deconstructing the Times’ coverage of an immigration raid
Read more...Why Mexican Farmers Are Hopeful About López Obrador’s Win
Obrador promised to implement pro-farmer policies, such as increasing self-sufficiency in food. But will he have gone far enough for them if Mexico stays in Nafta?
Read more...Richard Murphy: Ignore the Gini Coefficient – Real Inequality Is Growing and People Are Suffering as a Result
More lying with statistics on the inequality front.
Read more...Interview: Teaching Graham Elwood Modern Money, and How the Progressive Media Gets It Wrong
A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.
Read more...EU Calls Trump’s Bluff on Auto Tariffs as Trump Tries Dead on Arrival WTO Exit Plan
The EU is neither happy with nor cowed by Trump’s latest trade threat.
Read more...Firms’ Global Market Power and Its Implications, Such as Lower Income Share to Workers
An attempt to look at the effects of the existence of international companies with market powers shows there are reasons to be concerned.
Read more...Naked Capitalism Readers Issue Scam Alert For Amazon’s “Become Our Freight Shipper” Scheme
Amazon isn’t satisfied with creating modern day sweatshops via its warehouses. It wants to suck the capital and labor of the not-so-savvy entrepreneur wannabes into its maw.
Read more...How Cynical Is the Democratic Party’s Support for Identity Politics? (Plus a Note on the Ocasio-Crowley Contest)
Another case study of Democratic Party hypocrisy.
Read more...Some Public Pension Funds Give KKR a Wet Noodle Lashing Over Toys ‘R’ Us Collapse
Not surprisingly, action in the wake of private equity investors Bain, KKR and Vornado stiffing Toys ‘R’ Us workers of their severance have generated more press than restitution. But some of the ideas bruited about would have real teeth.
Read more...An Increasing Number of Struggling Americans Are Turning to Check Cashers and Payday Loans
Nearly 30 percent of the U.S. population now uses alternative financial services.
Read more...Why Italy’s Crisis Is the Left’s Crisis
Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.
Read more...Why Did Trump Win? Robots Are to Blame
Why robots, and not “bots,” may have been responsible for Trump’s win.
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