A report by the medical journal estimates that nearly 38,000 Palestinians have been killed in Gaza since October 2023 but indirect deaths could rise the toll dramatically…
THE GAZA GENOCIDE AS EXPLICIT POLICY: MICHAEL HUDSON NAMES ALL NAMES…
Israel, Gaza and West Bank should be seen as an opening of the New Cold War…
Michael Hudson: America’s Real Adversaries Are Its European and Other Allies…
The sanctions that U.S. diplomats are insisting that their allies impose against trade with Russia and China are aimed ostensibly at deterring a military buildup…
How Stupid Do European Politicians Think Their Citizens Are?: China Is Aggressively Reselling Russian Gas to Europe…
One month ago, we were surprised to read how, despite a suppressed appetite for energy amid its housing crash and economic downturn (for which “zero covid” has emerged as a convenient scapegoat for emperor Xi), China has been soaking up more Russian natural gas so far this year, while imports from most other sources declined…
Will Europe Go Down to Defeat Before Ukraine?…
During the runup to the financial crisis, your humble blogger pointed out that financial time moved faster than political time. Market players often had better and more comprehensive access to important information than officials did and had strong incentives to act on it…
Europe’s Economic and Social Suicide – Provoked by the U.S. and Helped Along by Europe’s Leaders…
Due to the stupidity of Europe’s political leadership the U.S. has managed to push it towards committing economic and social suicide…
Two Examinations of U.S. Economic Policy…
Today I am pleased to present a double feature on economic policy. Michael Hudson leads off with an explanation of economic policy as a social cost to the working class, and I follow up with an explanation that US economic policy is an act of national suicide…
The Delphic Oracle Was Their Davos: A Four-Part Interview with Michael Hudson: Mixed Economies Today, Compared to Those of Antiquity (Part 2)…
Michael Hudson: There are many degrees of how “mixed” an economy will be — meaning in practice, how active its government sector will be in regulating markets, prices and credit, and investing in public infrastructure. In the 20thcentury’s Progressive Era a century ago, a “mixed economy” meant keeping natural monopolies in the public sector: transportation, […]
The Delphic Oracle Was Their Davos: A Four-Part Interview with Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)…
Rescuing the Banks Instead of the Economy…
You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob with […]