Category Archives: China

The Russian Oil Price Cap Isn’t as Simple as It Seems

The harder your look at the Russian oil price cap, the uglier it looks.

Rich Nations Doubly Responsible for Greenhouse Gas Emissions

How the greenhouse gas emissions blame game pits advanced economies against developing ones.

Trying to Make Sense of China’s Protests

Western media is overhying the China protests. But to what degree?

EU Gets Tough on China as US Steals European Industry

European leaders have spent all year getting tough on China while the US has been preparing to steal their industry out from under their noses.

Will Japan and South Korea Learn From US Allies in Europe?

Washington works to enlist Tokyo and Seoul in its efforts to contain Beijing, but will Japan and South Korea end up suffering more than China?

Washington’s Woman in Berlin: How Germany’s Foreign Minister Is Helping the US Crush the German Economy

German Foreign Minister Annalena Baerbock is willing to sacrifice her country’s economy and standard of living in order to march lockstep with the US against Russia and China.

Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention

The term petrodollar has come to have talismanic value. Time to instill some reality.

Real Progressives Live with Michael Hudson: The Destiny of Civilization

Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.

Collateral Damage From Higher Interest Rates

Why to be wary of Larry Summers selling another Volcker-type “kill the economy to save it” interest rate jihad.

Could the Ukraine Conflict Be an Opportunity for the Global South?

Many countries see the Russia challenge to Western economic dominance as an opportunity to rewrite the rules of global trade in their favor.

The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China

Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.

Russia Accuses West of Trying to Replicate Ukraine Strategy in Armenia

Moscow accuses the West of using an Ukraine-style strategy in Armenia as more players enter the fold and the situation in the South Caucuses risks spiraling out of control.

A Disordered World – Part 3: Pathways

Satyajit Das’ final post on where the world order is headed.

Satyajit Das: A Disordered World – Part 2: Susceptibilities

Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites

Slouching Towards Reverse Colonialism

How sanctions against Russia are achieving the polar opposite of what colonialism was all about: controlling and exploiting resources.