Is the USa Failed State with Michael Hudson (tags)
It’s a failed state because its economy is paralyzed and we’re in a debt deflation, an economic polarization, that is just transferring all wealth and income away from labor, away from industry, into really the financial sector and what I call the finance, insurance, and real estate sector.
Capial in the 2020s (with Thomas Piketty) (tags)
Inequality is not an accident. It’s not like the weather. It actually is being driven by the way capitalism is functioning. You know what we need? We need state intervention, we need government action, and we need that to be very, big. He proposes a wealth tax of 2 percent.
Can state-capitalist China inherit the USA as hegemon? (tags)
China's growth is also running on credit, and the People's Republic is similarly highly indebted as the descending Western centers of the world system.10 The Chinese deficit economy is generating even far greater speculative excesses than was the case in the U.S. or Western Europe,
Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
The attacks on Nord Stream and the elephant in the room (tags)
In an interview with Berliner Zeitung, U.S. economist Jeffrey Sachs said that destroying Nord Stream would be contrary to Russia's interests; the country would lose "income, financial assets & bargaining power." The U.S., would "benefit strategically and financially."
Is China in danger of collapse? and Anti-economics and anti-politics (tags)
In the process of modernization, the relationship between market and state can be boiled down to the formula of a general law: the more market, the more state... The bloated market and the bloated state can only live or die together.
Economic Crisis in the Anthropocene (tags)
They are in a life-and-death struggle for the future of American democracy and from their point of view – and I happen to share this view – that depends on their not losing the congressional majority to the GOP in 2022, which doesn’t necessarily end American democracy, but it takes us in a direction which is really bad.
La loi du capital...
Recently in addressing the issue of withdrawing troops from Iraq President Obama discussed the idea that to do so was honoring the troops that made so many sacrifices there. He discussed the idea that ending our mission there was the right thing to do. He essentially asserted that by ending the conflicts there and focusing on our home front that we as a nation were behaving honorably. He discussed honoring the Bush timeline as the right thing to do, though he didn't necessarily use those words.
Declaration about the Situation in Honduras by ALBA Member Countries in the OAS (tags)
"We add our voice to the regional, national, and world organisations and institutions that have expressed their rejection of these barbaric acts that the coup leaders and supporters have committed in Honduras. We demand an end to the repression, a definite suspension of the curfew, respect of the inviolability of the Brazilian diplomatic headquarters, and the immediate and unconditional restitution of President Zelaya to his functions as Constitutional and Democratic President of Honduras."
What Some US Reporters Don't Get About Brazil and the Honduras Crisis (tags)
"The international community demands that Mr Zelaya immediately return to the presidency of his country and must be alert to ensure the inviolability of Brazil's diplomatic mission in the capital of Honduras." The United Nations isn't likely to ignore Lula's plea. As a body, it owes Brazil heavily for its leadership of UN Peacekeeping forces in Haiti, and also for its unique role as a respected organizer and spokes-country of "developing world" states as a force for global social and economic justice. Wealthier nations, meanwhile, from the US to China to Europe, are greatly dependent (or would like to be more so) on the gigantic consumer market that is Brazil. In eight short years, Lula has greatly risen Brazil's status and respect across the globe by playing these factors upon each other very shrewdly."
The Chinese century: global competition, finance, politics, jobs, outsourcing, tech, law (tags)
Watch out on the next greatest empire! Why is China's economy and trade booming? What is really inside Chinese society, banking, management, outsourcing, education, politics, and daily life? How to do investing, travel, trade inside China? Talk to provocative thinker George Zhibin Gu.
Chossudovsky interview: "Al-Qaeda Is a U.S.-sponsored Intelligence Asset" (tags)
Michel Chossudovsky, author of the international bestseller America's War on Terrorism, personally graced the jam-packed local launch of his latest book held at the Asian Center at the University of the Philippines in Diliman, Quezon City last June 24. During the launch, he gave a lecture about the imminent danger of a U.S.-made nuclear catastrophe amid the Bush administration's preparations for war with Iran. Joel Garduce of Center for Anti-Imperialist Studies (CAIS) caught up with the director of the Centre for Research in Globalization (CRG) during his short weekend stay in the Philippines and conducted the following interview.
HOSTILE TAKEOVER - THE CORPORATE CONTROL OF SOCIETY AND HUMAN LIFE (tags)
HOW PREDATORY GIANT CORPORATIONS DESTROY SOCIETY AND PEOPLE
insightful book: power & limits of China (tags)
A Chinese journalist gives a new picture about a changing China and its evolving relations with the world.
Bush administration finalizes military attack on Iran (tags)
Bush administration finalizes military attack on Iran