Economic Questions: The Robert Nozick Question
On the simplistic reasoning Robert Nozick used to justify inequality and a minimal state
Read more...Category Archives: The dismal science
Michael Hudson: Iran, Israel, and World War III
Michael Hudson provides a deep dive into US foreign policy and its use of dollar dominance.
Read more...Economic Questions: The Thorstein Veblen Question
A timely recap of Thorstein Veblen’s theory of conspicuous consumption and its implication.
Read more...Michael Hudson: Persia’s Monopoly Concessions to Britain, 1872-1901
Persia’s 19th century fight to drive out the British investors who had obtained monopoly concessions is background to the current crisis.
Read more...The Invention of Infinite Growth: How Economics Went Down the Rabbit Hole of No Return
It is a curious thing that our politicians and economists in the Uniparty believe that economic growth, now and forevermore, will solve all our problems and cure all our ills. One looks around and it’s clear this is not so. Still, this economics truth was stated with utmost, if utterly spurious, clarity by a former […]
Read more...AI and the Distribution of Income Between Capital and Labour
AI is working according to plan, further enriching the owner class at the expense of workers.
Read more...The Work-From-Home Wage Premium
Why do work-from-home employees make more than in-office peers? Worker-boss relations don’t always hew to formalities.
Read more...Trump Doubling Down on Tariffs After SCOTUS Nixing Sweeping “Emergency” Abuse: Bad for Businesses, Economy, and Trump
The Trump tariffs mess in the wake of his 6-3 Supreme Court loss on his misuse of “emergency” authority is even worse than you might imagine.
Read more...Michael Hudson: Destiny of Civilization – Financialization & Collapse
Michael Hudson explains how industrial capitalism was radical in aiming to free economies and markets from rent-seeking and financialization.
Read more...Why Does Economics Refuse to Acknowledge John Ruskin’s Illith, as in Harmful Activity?
Why the economics discipline has ignored John Ruskin’s seminal concept of illith, as in destructive activity.
Read more...The Finance Curse Is Killing Britain
A well-warranted harsh look at the high cost an overly-large and ever-more-extractive finance sector imposes on society as a whole.
Read more...Michael Hudson and Vijay Prashad: How Hyper-Imperialism Shapes Global Conflict
A rich discussion of how industrial capitalism evolved into imperialism and how its impulses and contradictions are creating more fractures.
Read more...Satyajit Das: Book Essay – Measuring Progress
Carl Benedikt Frey traces the history of technological innovation. But does that constitute progress?
Read more...The Great AI Displacement: Fracturing Tomorrow’s Labor Market
An industry participant debunks a paper predicting that the labor market effect of AI will be so bright that we will all have to wear shades.
Read more...There Are No Free Markets
Neoliberal free market ideology was always a fantasy. But what comes next given the late stage capitalism breakdown?
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