Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...Category Archives: The destruction of the middle class
Argentina 20 Years On: Has the IMF Really Changed Its Ways?
The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...America’s Subprime Economy
This so-called expansion is more and more brought to you by subprime borrowings.
Read more...John Feffer: Trump Doctrine as Kamikaze Antiglobalism
Is extreme antiglobalism the doctrine that undergirds many of Trump’s actions?
Read more...Economy of Intangibles
Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?
Read more...Migrants, Pro-Globalization “Leftists,” and the Suffocating Middle Class
Economic migrants seek prosperity and are justified in doing so, yet they can also be seen as pawns in an international strategy that destroys the negotiating leverage of workers. The resulting contradictions potentially render conventional political classifications obsolete.
Read more...Don Quijones: Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam
Tourism in Spain accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems.
Read more...Michael Hudson: Argentina Gets Biggest IMF Loan in History
Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...EU Elite on the (Far) Right Side of History
Why the design of the Eurozone has produced right wing policies.
Read more...Leaving Money on the Table: Declining Responsiveness and the Productivity Slowdown
Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
Read more...Who, Exactly, Are the “Illegals,” Anyhow?
Deconstructing the Times’ coverage of an immigration raid
Read more...Why Mexican Farmers Are Hopeful About López Obrador’s Win
Obrador promised to implement pro-farmer policies, such as increasing self-sufficiency in food. But will he have gone far enough for them if Mexico stays in Nafta?
Read more...Richard Murphy: Ignore the Gini Coefficient – Real Inequality Is Growing and People Are Suffering as a Result
More lying with statistics on the inequality front.
Read more...Interview: Teaching Graham Elwood Modern Money, and How the Progressive Media Gets It Wrong
A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.
Read more...EU Calls Trump’s Bluff on Auto Tariffs as Trump Tries Dead on Arrival WTO Exit Plan
The EU is neither happy with nor cowed by Trump’s latest trade threat.
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