Tag Archives: neo-feudalism
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
Junk Economics
Over the weekend, the US Senate passed the most drastic rewrite of America’s tax system since the Reagan administration, which is expected to mostly benefit the wealthiest Americans. This new tax cut legislation should provide further proof that the United … Continue reading
Because Markets
Once again, there was a mass-shooting in America. This time in Las Vegas, where a 64 year old man sprayed bullets down onto concert-goers, killing 58 people and wounding 489. The statistics paint a horrible picture of gun violence in … 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
A Tale of Two Countries
“It was the best of times, it was the worst of times…” When Charles Dickens wrote the opening lines of A Tale of Two Cities it was in reference to London and Paris during the French Revolution, but his epochal depiction … 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
Why we can’t have nice stuff
We’ve been talking a lot about foreign policy lately, but why does US foreign policy matter to the American public? It matters because our elite are committed to empire. Empire is their political economy. Empire benefits them. Us, not so … Continue reading
The Empire Strikes Back–Continued…
The recent election was quite illuminating in understanding neo-feudalism. There’s always been a tension inherent in the vision of America democracy. On one hand are the Jeffersonians who see democracy as the natural trajectory. On the other hand, are the … Continue reading
The Empire Strikes Back
I discuss neo-feudalism at CK a fair amount. Okay, a lot. Going forward, I want to explore how Neo-feudalism came to be our reality. My decades of research have convinced me that this was no accident; shaped by benign, external forces. … Continue reading
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