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...Category Archives: Economic fundamentals
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.
Read more...Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony
Why Trump’s National Security Strategy and his efforts to shore up dollar dominance are proofs of weakness.
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...“The Truth Behind Trump’s Aggressive Venezuela Strategy”
An explanation of why US belligerence against Venezuela is not about exploiting its oil. So what is it about?
Read more...Today’s Doctored CPI Inflation Release Is Like a Bad Joke, but Very Serious
Unpacking the data crime in the new inflation report: a bizarre fall in housing costs, aka Owners Equivalent of Rent, which is 26% of CPI.
Read more...Poor Health Weakens Support for Fairer Healthcare
Why highly unequal societies like the US exhibit falling levels of population-level fitness along side falling support for better healthcare.
Read more...Is AI Creating Monsters?
More troubling new sightings on the AI front.
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