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Tag Archives: financialization
Financial Feudalism
The Wall Street Crash of 2008, the bailout, and the Fed’s Quantitative Easing (QE) intensified inequality in America. And now they’re getting the band back together. Behind all the focus on the human toll of the pandemic there are quiet … Continue reading
Posted in feral elite, neofeudalism
Tagged bailout, Coronavirus, federal reserve, feral elite, financialization, Michael Hudson, neo-feudalism, Wall Street
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All about the Benjamins
I’ve talked about the deep state at length but the whole Epstein affair casts this dynamic in a much darker hue. For instance, there’s no way that a serial pedophile blackmailer like Epstein went unnoticed by the vaunted intelligence … Continue reading
Shameless
I’ve said it before but it bears repeating: Mitt Romney, Mittens as I like to call him, represents everything that’s wrong with our modern day financialized economy. However, Mittens, who recently spoke out against the “socialist agenda” of the Democratic … Continue reading
Posted in feral elite, neoliberalism
Tagged Bain Capital, financialization, Mitt Romney, monopoly, neoliberalism, Powell memo, private-equity, Toys 'R' Us
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It’s all about the Benjamin’s
Ever wonder why the US regime-changes this country but not that country? Wonder no more. It’s all about the Benjamin’s. The US maintains its hegemony thanks to the power of the US dollar—the worlds reserve currency–and the reality of … Continue reading
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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