* A shorter version of this paper has been published in the Russian Academy of Sciences journal, Mir Peremen (The World of Transformations), 2012 (3):49-64 (in Russian). An earlier version was posted by the Global Policy Forum meeting in Yaroslavl, Russia, September 7-8, 2011, on its website. Russian poverty is unnecessary. Like all poverty...
Globalism and its Institutions
The Bubble and Beyond
Michael Hudson’s new book The Bubble & Beyond is vital for those vying to make sense of the economic quicksand global policy makers find themselves in. Buy it now. He ties a thread between the big issues of our times – underwater housing, money market manipulations and lifetime debt – concerns that appear too...
Lativa No Austerity Success (extended)
by JEFFREY SOMMERS and MICHAEL HUDSON A much shorter version of this article appeared in the Financial Times on Friday, June 22. Austerity’s advocates are declaring victory with Latvia’s battle against the European economic crisis and advocating it as the model for Greece & Spain to emulate. Curiously, Latvians have been declaring this “win” by...
Latvia No Austerity Success
Jeffrey Sommers & Michael Hudson Cross posted from the Financial Times by permission of the authors Michael Hudson and Jeffery Sommers: a distinguished professor at the University of Missouri-Kansas City and associate professor at the University of Wisconsin-Milwaukee respectively, who have both advised members of Latvia’s government on alternatives to austerity. They are also...
Firing Alan Greenspan
During the interview for the documentary Real Estate 4 Ransom, Prof Michael Hudson discussed Greenspan’s reputation in his formative days on Wall St, revealing a controversial 1966 incident. Transcript Why are real wages falling? MH: They’ve (wages) been going down because essentially the economy shifted radically throughout the world, starting in 1979, when Margaret...
Inside the World Bank's Population Policy
Taken from Super Imperialism, 2nd Edition, p213 (1972) For instance, the World Bank is essentially an American instrument, and the United States is a food-surplus nation threatened with loss of foreign markets for farm products as modernization of European agriculture proceeds. For the World Bank to finance such institutional reforms in developing nations as...
Now We're Talking
Hudson is in form on KPFK today with Alan Minsky. 17 minutes - worth doing the dishes to.
Trade Theory Financialized
To secure its privileges and tax favoritism, the financial sector opposes government power to tax or regulate. Fighting under the banner of “free markets,” it is now fighting to centralize economic planning power in Wall Street, the City of London and other financial centers. What is remarkable is that under ostensibly democratic politics, an...
Hudson in Russia: The Myth of Neo-Liberalism
Michael is in Russia on tour. More soon.
Banksters Bailout Builds
We missed this one from nearly two months ago, an interview with Michael on RT News regarding the next round of banking bailouts. Why does America have a budget deficit?
Books by Michael Hudson
