How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Read more...Category Archives: Economic fundamentals
How Warming Will Widen the Italy North-South Economic Gap
In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.
Read more...Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology
Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.
Read more...Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture
Robert Pollin critiques the Biden climate plan for over-relying on unproven carbon capture, investing too little in solar and wind, and treating China as a rival.
Read more...Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Read more...More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Read more...Delayed Second Stimulus Already Leading to Cuts in Grocery Store Spending
Hunger is on the rise. Grocery store operators see weaker spending now that the $600/week unemployment supplements are gone.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...Summer Rerun: Journey into a Libertarian Future: Part III – Regulation
Another dive, in both senses of the word, into the implications of libertarian ideology.
Read more...World Bank’s ‘Mobilizing Finance for Development’ Not Financing Development
The World Bank is trying to rebrand a failed public private partnership scheme as “blended finance”. Developing countries, beware.
Read more...Foreign Direct Investment and Supply Chains in a Risky World
More forecasts on the future of supply chains.
Read more...New York City Faces Another “Drop Dead”: How Many Other Cities Will Wind Up in Distress?
We are at best only at the end of the beginning of big cities’ Covid-19 pain. What comes next?
Read more...Covid-19: Carmageddon Beckons Unless Work from Home Continues
Another way Covid-19 is wreacking havoc on major cities.
Read more...Saudi Arabia Refuses To Learn From Its Two Failed Oil Price Wars
The oil situation has developed not necessarily to Saudi Arabia’s advantage, but MbS appears not to have gotten the memo.
Read more...How Dairy Monopolies Keep Milk Off the Shelves
How consolidation in dairy processing has led to overproduction of milk and dumping.
Read more...