Category Archives: The dismal science

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

Repairing a Fractured World Economy?

Richard Kozul-Wright describes the current world economic disorder, and discusses possibilities and limits of effective regional responses

Limits to Growth: Inconvenient Truth of Our Times

Before the first UN environmental summit, The Limits to Growth showed Earth’s finite resources cannot support ever-growing human consumption.

Real Progressives Live with Michael Hudson: The Destiny of Civilization

Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.

The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China

Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.

Stop Worshiping Central Banks

Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.

Slouching Towards Reverse Colonialism

How sanctions against Russia are achieving the polar opposite of what colonialism was all about: controlling and exploiting resources.

Sunak Has Been Set Up To Fail and the Likelihood Is That He Will

Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems

The Sveriges Riksbank Counterfeit Nobel Award Goes to Bernanke et al. for the Wrong Model

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

What Social Security Should Really Be Paying to Survive in This Economy

Inadequate cost of living adjustments are nevertheless giving Social Security gutters new talking points.

Central Bank Myths Drag Down World Economy

Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.

Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader

Michael Hudson has a wide-ranging talk with Ralph Nader.

Free Market Genocides: The Real History of Trade

How so-called free trade has often brought large scale death, sometimes by design.

Yanis Varoufakis: Time to Blow Up the Electricity Markets

How the EU’s neoliberal Rube Goldberg electricity market has made the energy shortage problem much worse than it needed to be.

China as a Developmental State: Indigenous Innovation and Global Competition

China chose a successful technological development path, in contrast to the corporate financialization model in the United States.