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Tag Archives: financialization
We Live in a Political World
Why hasn’t a left-wing populist party arisen in the US in the wake of the Wall Street crash and bail-out by the government? Why have labor unions, environmentalists, racial and ethnic minorities not created an alternative to the fully … Continue reading
Posted in neofeudalism, neoliberals
Tagged banana republic, Bernie Sanders, Bob Dylan, class warfare, David Sirota, Democratic Party, Democrats, Donald Trump, economic populism, financial reform, financialization, Great Britain, Grenfell Tower fire, identity politics, labor party, Margaret Thatcher, mass shootings, neo-feudalism, neoliberalism, plutocracy, Republicans, There is no Alternative, Washington Generals, we live in a political world
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Washington Generals (Part 2)
How can the Democratic Party effectively oppose Trump and get back into power after they’ve lost over a thousand seats nation-wide since 2008? Oh, I know. Maybe former Vice-President Joe Biden, a Democrat, can show up at a swanky Deer … Continue reading
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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The submerged state
If the Democrats ever want to win another election they need to abandon neoliberalism. Post-Watergate Democrats turned their backs on the central tenet of the New Deal–that government should help Americans. In the process, they quit representing unions and … Continue reading
Posted in neoliberals
Tagged ACA, Cornell, corporate funding, Democrats, financialization, free trade, Les Leopold, Naked Capitalism, Nancy Pelosi, neoliberalism, One Market Under God, other corporate party, President Obama, Submerged State, Suzanne Mettler, Thomas Frank, Wall Street
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Planned economy
The election of Donald Trump has caused an outpouring of grief and many commentators are convinced that the end of the world is nigh. However, Trump didn’t get us to this place, he was just a savvy opportunist who … Continue reading
Posted in neoconservatives, neoliberals
Tagged Allen Greenspan, Bernie Sanders, Chicago Boys, classic economics, deep state, DNC, Donald Trump, economic planning, federal reserve, financialization, Hillary Clinton, Janet Yellen, Michael Hudson, neoliberals, planned economy, shareholder value, socialism, University of Chicago, Wall Street
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FIRE Alarm
We used to make things and employee people who were paid wages that they spent back into the economy. Finance properly allocated capital for productive ends rather than speculation and fraud. We had a productive economy that benefitted Main … Continue reading
Posted in Uncategorized
Tagged Adam Smith, Austrian School, banana republic, debt serfdom, elite resistance, financialization, FIRE sector, inequality, infrastructure spending, John Stewart Mill, Justice Brandeis, Main street, Michael Hudson, Milton Friedman, neoliberalism, Road to Serfdom, Simon Patten, tollbooth economy, Wall Street
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Political-economy of despair
Ideology is powerful. Neoliberal economist’s have internalized Margaret Thatcher’s maxim that there’s no alternative. The market knows best. All the government can do is get out of the way and let the market do its thing. American’s must never … Continue reading
Posted in Uncategorized
Tagged 2016 presidential election, alternative to neoliberalism, American exceptionalism, banana republic, because markets, Bernie Sanders, economist, financialization, Gerald Friedman, go-die, government involvement in economic affairs, ideology, inequality, Margaret Thatcher, Naked Capitalism, neoliberal, neoliberalism, no alternative, public health
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