Month: October 2017
Finance Capitalism: Profits Without Production Increases Inequality
How do we live with the contradictory message that the stock market is doing well, but around us we see roads not being built, cities becoming gentrified and Americans working two and …
Finance Capitalism: Profits Without Production Increases Inequality Read MorePolitical Economist Michael Hudson Writes: It’s Capitalism – Not Socialism – That Has Failed
According to Michael Hudson, what has failed in the 20th century is not Marxism, but Stalinism. He argues that the failure of Stalinism has allowed Marxism to be decoupled from …
Political Economist Michael Hudson Writes: It’s Capitalism – Not Socialism – That Has Failed Read MoreWestern Boogeyman Remembered: Qaddafi’s Achievements and Pan-African Hopes
Twenty five or thirty years ago suppose we asked you which country in the world has no foreign debt? This country deposited its profits from oil into the bank accounts …
Western Boogeyman Remembered: Qaddafi’s Achievements and Pan-African Hopes Read MoreLegitimacy of Elites Continues Free-Fall: Most Americans Claim Morality Not Linked to Religion
As we remember it, the United States is the most religious country of all the industrial capitalist countries. But this is becoming less so. According to this article 56% of …
Legitimacy of Elites Continues Free-Fall: Most Americans Claim Morality Not Linked to Religion Read MoreChina’s Trojan Horse – Real Estate Bubble
While the Chinese capitalists are out-maneuvering western capitalists by investing in the infrastructures of other countries, they are also investing in finance capital – real estate – which could lead …
China’s Trojan Horse – Real Estate Bubble Read MoreWhy Petrodollars Exploit Countries Outside The West
There are approximately eight countries in the world with currencies that are convertible to the dollar – all in the West. Those countries with other currencies have to pay for …
Why Petrodollars Exploit Countries Outside The West Read More