Articles

EU Fracking Wedge

September 16, 2014
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An interview with Radio Voice of Russia, World Service on Ukrainian sovereignty in the face of IMF loans, the push for fracking by US interests and how corruption lurks in the background. Is this Ukrainian pressure part of an EU fracking wedge on behalf of certain interests? According to this perspective, food sovereignty is...

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Losing Credibility: The IMF’s New Cold War Loan to Ukraine

September 9, 2014
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By Michael Hudson In April 2014, fresh from riots in Maidan Square and the February 22 coup, and less than a month before the May 2 massacre in Odessa, the IMF approved a $17 billion loan program to Ukraine’s junta. Normal IMF practice is to lend only up to twice a country’s quote in...

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The New Cold War’s Ukraine Gambit

May 13, 2014
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The New Cold War’s Ukraine Gambit

Michael Hudson The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed. Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of...

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Stockholm Syndrome in the Baltics

May 6, 2014
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Stockholm Syndrome in the Baltics

Latvia’s Neoliberal War Against Labor and Industry Published in The Contradictions of Austerity: The socio-economic costs of the neoliberal Baltic model Edited by Jeffrey Sommers & Charles Woolfson This article examines how neoliberal policymakers trained in the United States captured Latvia’s economic policy to impose pro-rentier, pro-bank, anti-labor tax and financial policies. Latvia’s national...

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Russia, Crimea and the Consequences of NATO Policy

March 17, 2014
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Ukrainian Hangovers AS first published on Counterpunch by JEFFREY SOMMERS and MICHAEL HUDSON Russia’s incursion (invasion if you prefer) into Crimea, with prospects for movement into Eastern Ukraine, is the culmination of US/NATO policy since 1991. The unraveling of the USSR and its Soviet bloc (the Warsaw Pact) dismantled the largest empire in modern...

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Ukraine: “Go West, Young Man”

March 1, 2014
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By Jeffrey Sommers & Michael Hudson As first published on Truth Out “Let them loot.” That is the demand of the West when its NGO subsidiaries firebomb government buildings, murder policemen and loot the arms depots of military forts. Kiev is the equivalent of Kosovo as a Slavic city-of-origin. Are we seeing a replay?...

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Russia’s Economic Development to Offset Terrorist Fervor?

February 25, 2014
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By Jeffery Sommers & Michael Hudson The Sochi Olympics were the great success Russia hoped for. The opening ceremonies proved a radiant display drawing on Russia’s most compelling cultural assets. This artful look back to Russia’s past greatness proved both a reminder and challenge to its own people to reprise their historical greatness going...

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G is for Groundrent

November 13, 2013
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Part G to The Insider’s Economic Dictionary. Gains from Trade: A euphemism for trade dependency resulting from the specialization of production between food-surplus nations and food-deficit countries, and the parallel polarization between high-technology and low-wage producers. Originally coined by free-trade advocates, the term is now used primarily by the agriculturally protectionist economies of North...

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Obama’s Master Class in Demagogy 101

July 25, 2013
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Yesterday President Obama chose Knox College in Galesburg, Illinois (originally founded by anti-slavery activists in the 1830s) to float the economic program he has been working out with Wall Street investment bankers. His aim is to wrap this program in a democratic rhetoric. The speech’s actual content boils down to: “I’m doing fine and...

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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices

July 22, 2013
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How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Enacting a rent tax remains China’s main challenge to...

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