Michael Hudson: Modern (Mis)interpretations of Ancient Debt Cancellation
Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...Category Archives: Free markets and their discontents
Michael Hudson: Some Myths Regarding the Genesis of Enterprise
“Modern” elements of enterprise were present in Mesopotamia in the third millennium BC and the institutions supported long-term growth
Read more...Why Corporations Choose Lawlessness to Fight Unions
Workers at companies like Apple and Starbucks face armies of union-busting lawyers advising employers to repeatedly violate labor laws.
Read more...Gresham’s Law Comes for Science
Science publication has become so corrupted that entire journals have been shut down over running fake research. How did we get here?
Read more...“Am I An Extremist? ”
How the UK is using the extremist label to act against people holding mainstream views. The US is not far behind.
Read more...US Trade Desperation: Trump Insider Robert Lightheizer Recommends Third-World Capital Controls to Achieve Balanced Trade
New desperate ideas to fix chronic US trade imbalances, like capital controls, are getting a hearing.
Read more...Renting Your Life
More on the further erosion of ownership and property rights via required renting.
Read more...Dr. Jill Stein & Michael Hudson: Fighting Russia & China to Last American: Destroying US From Within
The high cost and risks of the Biden Administration commitment to pursue forever wars with Russia and China.
Read more...US Affordable Housing Policy Works for Wall Street and Rich Developers, Not Renters
Current policy doesn’t provide affordable housing very well but does a good job of lining the pockets of real estate interests.
Read more...The Long Goodbye? Mitch McConnell and Big Money Politics
In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has been well-earned.
Read more...How Geopolitics Is Changing Trade
Western measures against Russia and China measures have affected global trade. But what of actual winners and losers?
Read more...Apple’s “Crush” Ad, Rentierism, and the End of Capitalism?
Apple’s dystopian ode to rentierism.
Read more...Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Read more...Work Longer, Die Sooner! America’s Dire Need to Expand Social Security and Medicare
Experts describe how requiring U.S. seniors to work in their old age often threatens their health and well-being.
Read more...Michael Hudson: Parallels Between Archaic Entrepots and Modern Offshore Banking Centers
There is perilous little that is novel in modern finance. Our offshore, as in tax havens, have analogues in the ancient world.
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