Monthly Archives: February 2012

Our Very Own Oscar Night in Rimini

February 27, 2012
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Such is the censorial spirit of neoliberal monetary austerity. Its motto is TINA: There Is No Alternative, and it wants to keep matters this way. As long as it can suppress discussion of how many better alternatives there are, the hope is that the public will remain acquiescent as their living standards shrink and...

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Wall Street's Capital Gain Plan

February 27, 2012
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Well, the problem is is the financial time frame is very short-term. It's hit and run. They're into making a bundle as quick as they can on one project and then go on to the next project. And they leave an economy loaded down with debt, which is what you have from the corporate...

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Greek Strategy

February 15, 2012
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Michael Hudson on the Greek experiment. More at The Real News The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector. Michael Hudson interviewed by Paul Jay Note: This is my editing of an interview Professor Michael Hudson gave to The Real News...

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Good Bank Bad Bank

February 8, 2012
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As printed in FAZ Feuilleton, 06.02.2012 Schuldenkrise – Gute Bank, böse Bank Warum kapitulieren die Staaten vor der Macht der Banken? Es gibt Beispiele genug in der Geschichte für eine Politik, bei der die Banken produktive Aufgaben hatten. Von MICHAEL HUDSON Wenn es in der Schuldenkrise einen Silberstreif am Horizont gibt, dann ist es...

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