Tag Archives: Michael Hudson
New Calculus
What’s going on with the billionaires that control our country? Late-stage capitalism has made them richer than Croesus, but the lucre has only made them more greedy, where they seem unwilling to offer even modest reforms that would be pocket … Continue reading
Post Neoliberalism
If you thought neoliberalism was bad, just wait. Neoliberalism was the owners of the country rebelling against the New Deal class compromise between capital and labor. Back when the US maintained a manufacturing economy workers possessed more power and the … Continue reading
Can’t run an empire with neoliberalism as the operating system
Trump’s attack on Iran is proving conclusively that the US can’t run an empire with neoliberalism as the operating system. The evidence mounts every day, from inability to manufacture more than a few precision munitions, to fragile supply chains, to … Continue reading
The Sorcerer’s Apprentice
Trump more and more resembles the Sorcerer’s Apprentice, from Fantasia, where Mickey Mouse starts something that he can’t control. During negotiations, Trump and Netanyahu cast the spell of death and destruction with their cowardly assassination of Iran’s Supreme Leader, Ayatollah Ali … Continue reading
Primitive destruction leads to creative accumulation
I’m mashing political/economic concepts together to demonstrate how ideologies have long term consequences. The creditor class have been subjugating nations and funding wars for centuries, kicking into high gear with the “enclosure laws”–policies that forced peasants off their land and … Continue reading
Catch and Release
Why does the economy suck for most Americans even as economists and economic journalists paint a rosy picture? Rich people don’t care all that much about chemistry, astronomy or archeology but they damn sure care about economics and political science, … Continue reading
Everywhere is war
It certainly doesn’t appear possible for the US to have a non-belligerent foreign policy. Instead, the US aspires to be Techno-Sparta, where a climate of fear, hostility and end-of-times preparation seems to have overtaken US politicians, elites and the corporate media. … Continue reading
Apostasy
To be an intellectual is to be an apostate. In our neoliberal milieu, where everything has been commodified, intellectual thought, discourse and opinion has lost any of the verve that makes it precious and has thus become debased. Therefore, intellectualism … Continue reading
Things behind things
We live in a interregnum, where everything, including reality itself, is in flux. The paranoia and distrust of institutions that has taken hold in America is not a function of Donald Trump’s rancid populism no matter what the liberal, intellectual … Continue reading
The rents are too high
Why are Americans so unhappy despite elite gaslighting that it’s the best economy ever? I think the main reason is that the rents are too damn high. And by rents I don’t simply mean the costs of a mortgage or … Continue reading
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