Tracking the EU Decoupling from Russia
Taking stock of the EU’s economic divorce from Russia.
Read more...Category Archives: Economic fundamentals
Russia Leaves Neoliberal West to Join World Majority
The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?
Read more...James K. Galbraith: The Gift of Sanctions – An Analysis of Assessments of the Russian Economy, 2022 – 2023
Galbraith debunks conventional wisdom on sanctions against Russia.
Read more...The Impact of Inflation
The IMF takes a wee look at who is hurt by and benefits from inflation.
Read more...U.S. Losing Influence As Saudi Arabia Joins Shanghai Cooperation Organization
The US has managed to alienate Saudi Arabia, a one-time key ally.
Read more...Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,
Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.
Read more...Why Market Fundamentalism Is Incompatible with Climate Action
Tackling the climate crisis effectively requires a shift from market fetishism to a more fair and sustainable global economy
Read more...The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Read more...“Biden’s Awkward Democracy Summit”
The US trying even harder to tout the virtues of its ideas of democracy is not winning friends or influencing people.
Read more...Austerity for the Plebes, Bank Rescues for the Rich
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Read more...European Gas Prices Extend Gains As French Strikes Block LNG Imports
The economic effects of the massive French strikes are starting to extend beyond France, although so far in a limited way. Is more to come?
Read more...Herman Daly (1938-2022): The Economist for Our Time
The double question implied throughout Herman Daly’s work as an economist is this: “Is the economy for the people, or are the people for the economy?” nomy for the people, or are the people for the economy?”
Read more...Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche
Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
Read more...How Debt Dynamics Polarize Economic and Political Power
An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.
Read more...Crash Landing? Part 2 – The Usual Suspects
What parts of the financial system are most vulnerable to a crash?
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