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Tag Archives: austerity
N is for Neofeudalism
Everything that was old is new again. Take feudalism, it’s making a comeback. The US economy is trending towards wage bondage and economic polarization, with an all-American debt peonage that I’ve come to call neofeudalism. Heterodox economist Michael Hudson explains how … Continue reading
Posted in neoconservatives, neofeudalism, neoliberals
Tagged A Brief History of Neoliberalism, austerity, bankers, bankers in orange jumpsuits, banksters, bondholders, debt, debt serfdom, dystopian, financialization, J is For Junk Economics, Michael Hudson, Middle-Ages, neo-feudalism, neoliberalism, privatization, science fiction, serfs, serfs up, starving the beast
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We’re All Greeks Now
Who needs an army when you have economists and central bankers? This is the reality we face in an era where debt and austerity are the weapons wielded by modern imperialism. In the aftermath of the Greek referendum rejecting austerity, … Continue reading
Posted in Uncategorized
Tagged austerity, class warfare, Detroit, ECB, EU, finance is war, Greece, Greg Palast, IMF, Michael Hudson, morality play, Naked Capitalism, neoliberalism, Noam Chomsky, Paul Krugman, Podemos, Syriza, Wall Street, Wolf Richter
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Eating Your Foot
We have an amazing amount of stupid in our country when it comes to economics. Case in point. One of our state legislators, representative Jake Andregg, R–Lehi, claims that taking federal money for Medicaid expansion, is akin to cannibalism. “It’s … Continue reading
The Road to Neo-Feudalism
Every single day I read articles that solidify my belief that we’re headed at full speed towards neo-feudalism, with the American people asleep in the back seat. Fasten your seat belts. “The President’s “sequester” offer slashes non-defense spending by $830 … Continue reading
Posted in Uncategorized
Tagged austerity, banana republic, Jack Lew, Medicare, neo-feudalism, President Obama, sequester, Social Security, tax cuts, Wall Street
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A clean get away
Anyone who says “crime doesn’t pay” hasn’t been paying attention to the behavior of the American elite in the 21st century. Historians of the future, when the study this era, will marvel at the rampant criminality and official impunity, that … Continue reading
Things that make me want to guzzle anti-freeze
Taking Charles Pierces signature phrase out for a test drive. Lately, the so-called “financial cliff” reporting makes me too want to guzzle anti-freeze. The dominant narrative every day about the scary, scary “financial cliff” drives home the fact that we … Continue reading
Posted in Uncategorized
Tagged austerity, Charles Pierce, fiat currency, financial cliff, shock doctrine, starve the beast
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