Resource Limits to American Capitalism & The Predator State Today
James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism
Read more...James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism
Read more...Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.
Read more...Occupy the SEC is back! The small group of lawyers, bank compliance experts, and financial services industry product specialists generated an outside reputation with its highly praised, over 300 page comment letter on Dodd Frank. As Law.com wrote: In detailing how they believe the Volcker Rule can be strengthened, Occupy the SEC has written what […]
Read more...Inflation hawks are winning. A ‘beggar thyself’ race to raise interest rates has begun. But this response slows economic growth.
Read more...Are seemingly increasing operational failures a sign of a bigger pathology?
Read more...A constitutional convention is remaking Chile to break with the model forged by murderous dictator Augusto Pinochet
Read more...Getting out of super low interest rates and unwinding QE is proving to be easier said than done.
Read more...McKinsey gives a not surprisingly big estimate for the cost of energy transition. But it’s unlikely to have considered radical conservation.
Read more...Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Read more...How highly unequal asset ownership diminishes social mobility and institutionalizes modern-era feudalism.
Read more...UN: Climate-stressed, pollution-degraded farms system must adopt sustainable practices to feed an additional 2 billion by 2050.
Read more...Xi Jinping gave an important speech at Davos, even if it was mainly updates on favorite themes. But the press reactions…..
Read more...Studies of beasts that pass on wealth, um, resources and advantages to offspring may inform whether humans create stratified conditions.
Read more...Economist Michael Hudson explains the inflation crisis and Fed’s secretive $4.5 trillion bank bailout.
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