On finance, real estate and the powers of neoliberalism
Caution: Housekeeping Required. Please support my work by making a quick donation. Donate via the button at the top right of the home page. It is necessary to pay the site manager and web designer each year. They need to get paid, but funds are short. Can you help? All donors to ISLET can enjoy the 501(c) tax write off. A paypal contribution will go directly to the technical staff who manage this site. Thank you very much.
It’s Time for the Clintons, Rubin to Go – and Soros too. In the week leading up to last Tuesday’s election the press was busy writing obituaries for the Republican Party. This continued even after Donald Trump’s “surprising” victory – which, like the 2008 bank-fraud crash, “nobody could have expected.” The pretense is that Trump saw what no other politician saw: that the economy has not recovered since 2008. Democrats still seem amazed that voters are more concerned about economic conditions and resentment against Wall Street (no bankers jailed, few junk mortgages written down). It is a sign of their wrong path that party strategists are holding onto the same identity politics they have used since the 1960s to divide Americans ...
https://www.youtube.com/watch?v=at5Mq_KPet4
Max Keiser probes for reason on the Trump win.
Part two of the wide-ranging interview on Meet the Renegades with Ross Ashcroft. How debt compounds growth and the system in place to ensure this continues, despite the historical teachings.
An interview on Meet the Renegades with Ross Ashcroft.
Michael Hudson on the Renegade Economists radio show, discussing the power of the financial elite to sculpt tax laws right through to our very economic vocabulary. They do this so subtly that we cheer on the resultant inequities.
It's time for the Keiser Report!
In 2012 a conference was held on Thorstein Veblen in Istanbul. It was sponsored by a socialist labor union, the Chamber of Electrical Engineers. We were asked why not focus on Marx. My answer was that Marx had died a generation earlier, and the major critique of finance capitalism had passed to Veblen. This book (from which my following remarks are excerpted) is a series of essays, including by myself and another NC friend, Michael Perelman. The Return of the Repressed Critique of Rentiers: Veblen in the 21st century Rentier Capitalism Michael Hudson Edited excerpt from Michael Hudson and Ahmet Oncu, eds., Absentee Ownership and its Discontents: Critical Essays on the legacy of Thorstein Veblen (ISLET 2016, $35). Simon Patten recalled in 1912 that ...
Economic 'Recovery' Feels Weak Because the Great Recession Hasn't Really Ended, The Real News Network, October 7, 2016. The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt-leveraging, says economist Michael Hudson. KIM BROWN, TRNN: Welcome to The Real News Network. I’m Kim Brown, in Baltimore. With the worst of the great recession, supposedly, behind us, economic analysts still see signs that we’re not yet completely out of the woods. A new report released Wednesday by the International Monetary Fund shows that some banks in the United States and Europe may not be strong enough to survive another downturn, even with States assistance. Joining us from ...
Michael Hudson is one of the world's leading economists. Michael acts as an economic advisor to governments worldwide including Greece, Iceland, Latvia and China on finance and taxation.
