From today’s U.S. vantage point, that polarization is the basic dynamic of today’s U.S.-sponsored neoliberalism. China and Russia are existential threats to the global expansion of financialized rentier wealth

Interview on a debt jubilee and why it may be the best way out

The coronavirus outbreak is serving as a mind-expansion exercise, making hitherto unthinkable solutions thinkable. Debts that can’t be paid won’t be. A debt jubilee may be the best way out.

This fatal combination of the national security state’s mentality and oil industry lobbying threatens to destroy the planet’s climate

The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses

The Saker: Could you summarize the state of Venezuela’s economy when Chavez came to power? Michael Hudson: Venezuela was an oil monoculture.…

What Was Not Saved Was the Economy

These demands make so little economic sense that they should be viewed as an exercise in what academia used to call power politics

Trump’s infrastructure privatization plan is a hat trick that optimistically turns $200 billion into $1.5 trillion, is designed to eliminate the public sector and to bankrupt cities and states

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of many…