Venezuelan Oil and the Limits of U.S. Refining Capacity
Most economic analysis of Trump’s planned Venezuela oil heist has focused on production. Time for a wee look at refining.
Read more...Category Archives: Economic fundamentals
Greenland Is the Crown Jewel of “Fortress America”
More on Trump’s plans to annex Greenland.
Read more...Michael Hudson: Weaponizing the World’s Oil Trade is the Bedrock of the U.S. Rules-Based Order
How justifications for US foreign and economic policy revolve around the oil trade.
Read more...What Would a Trump Takeover Mean for Greenland’s Resources?
A look at a Trump pretext for taking Greenland: its significant stores of oil, gas, and minerals, with the vast majority still underground.
Read more...Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank
Trump pursues another own goal by escalating with Fed chair Powell over his refusal to lower interest rates by launching a criminal probe.
Read more...“Trump’s $1.5 Trillion Gamble: Will Endless Conflict Win Midterm Votes?”
Trump’s plan for US military spending of $1.5 trillion puts the military at the core of his presidency and may signal a move to all-out war.
Read more...Why Politicians Won’t Fix Affordability
Why affordability crisis is a symptom of predatory neoliberal practices. Concentrated wealth looks set to keep this new norm in place.
Read more...Two Decades of Chinese Industrial Subsidies
A profile of China’s subsidies and how they have changed over time. Counter-intuitively, agriculture is the most important recipient.
Read more...SMRs Explained: Real-World Economics, Fuel Bottlenecks, and the Race to Scale
A primer on SMRs, as in small nuclear reactors, the new bright idea for how to satisfy insatiable AI energy demand.
Read more...How China’s Overinvestment Helped Produce Africa’s Deindustrialization
An in-depth article from a leftist vantage on China’s extensive involvement in Africa finds that it has been a net negative for development
Read more...AI and Systemic Risk
The popular press is whistling past the graveyard of AI systemic risk even as heavyweight experts warn more needs to be done.
Read more...Michael Hudson: The Economic Unravelling of the Political West
Michael Hudson describes the development and progression of America’s economic parasitism.
Read more...Status of the US Dollar as Global Reserve Currency: USD Share Drops to Lowest Since 1994
Central banks diversify their holdings from the dollar into dozens of smaller non-traditional reserve currency alternatives.
Read more...Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
Unpacking why the US military is so expensive and even if it were less pork-driven, would still be unduly costly for society at large.
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