Tag Archives: Michael Hudson
Oligarchy
The US corporate media demonizes foreign oligarchs without looking closer to home. In a nutshell the US has devolved from a republic to an oligarchy. The US oligarchy is made up of people with the same accent, manners, values, and … Continue reading
Because markets, go die
I’ve always liked this formulation of neoliberalism because of its succinctness, but it’s useful to tease out the implications. Because markets describes how neoliberalism organizes all human activity through the competition of a market system that’s directed by a neoliberal … Continue reading
Confessions of an economic imperialist
The US uses finance and debt to maintain its empire, working through its minions the IMF and World Bank to immiserate developing countries so they can be plundered. What is evangelized as U.S.-style democracy is really a financial oligarchy privatizing … Continue reading
Weapons of Financial Destruction
The US is waging a new kind of Cold War against Russia where the weapons are financial instead of kinetic. The corporate media won’t tell you this but the US and all its imperial member states are attempting to strangle … Continue reading
Debt as a Weapon
Michael Hudson has a new post up discussing the future of the dollar as the world’s reserve currency. Here’s taste: “Since Roman times, creditors have forced debtors who could not repay to forfeit their assets through foreclosure or forced sale. … Continue reading
Hudsonism
I’m pretty sure that a lot of leftist’s have not realized that Marxism, as a way in which to critique industrial capitalism, has been made largely irrelevant by neoliberalism. Moreover, by insisting that the “market” is the most advanced information … Continue reading
Oh, So Super
Have you wondered why US foreign policy never seems to change irrespective of which candidate or party resides in the White House? Or why it seems that the route to riches in America is through looting? Or why it seems … Continue reading
Hedge Fund Nation
It has become apparent that we are ruled by economic sociopaths, more commonly known as hedge funds. This dynamic has not gone unnoticed. A new survey suggests the GameStop saga has become a very real lightning rod for anti–Wall Street sentiment. In … Continue reading
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
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