Tag Archives: debt

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

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Abhorrent to the vested interests

  Economist, Michael Hudson, is an iconoclast who writes and speaks against neoliberal economic orthodoxy. His latest lecture connects early Christianity with economic history, and argues that the reason Jesus was crucified was because he advocated a jubilee, or debt forgiveness. … Continue reading

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Modalities of Control

Why are American’s so docile in the face of persistent unemployment, record levels of foreclosure and a banana republic system of inequality? One word–Debt. “Workers who are unable to meet their debts, who are victimized by constantly rising interest rates … Continue reading

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