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The Biden Administration is intertwined with Wall Street but must deliver some election promises to workers
Michael Hudson
Michael Hudson is an American economist, a professor of economics at the University of Missouri–Kansas City, and a researcher at the Levy Economics Institute at Bard College. He is a former Wall Street analyst, political consultant, commentator, and journalist. You can read more of Hudson’s economic history on the Observatory.
George Soros is obviously upset that President Xi is not Boris Yeltsin, and that China is not following the kleptocracy dependency that warped Russia’s economy
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