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...
Wall Street's Capital Gain Plan
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...
Greek Strategy
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...
Good Bank Bad Bank
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...
Padding Banksters Pockets
Hudson giving an overview of current affairs with a fired up Lauren Lyster fresh back from Davos.
Hudson, Keiser on 2012 Imperialism
See Dr Hudson with Max Keiser in On the Edge as they sift through the latest issues including the EU, Ron Paul, Austrian economics, Iran and the role of the US dollar.
Banking Wasn't Meant to Be Like This
Yet to keep the bank casino winning, global bankers now want governments not only to bail them out but to enable them to renew their failed business plan – and to keep the present debts in place so that creditors will not have to take a loss. This wish means that society should lose, and...
Background Briefing
Michael appeared on KPFK’s Background Briefing to discuss the recent Euro downgrades and the state of the EU. What is behind the S & P downgrades? Listen to the interview.
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...
Degredation of Democracy
Michael appears on Capital Account to discuss his two most recent articles, Democracy & Debt and Europe’s Transition from Social Democracy to Oligarchy.
Europe’s Transition From Social Democracy to Oligarchy
As first published in Frankfurter Allgemeine Zeitung The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk...
Democracy and Debt
Has the Link been Broken? *This article appeared in the Frankfurter Algemeine Zeitung on December 5, 2011. Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into...
Systemic Deficit Strategy
Michael Hudson on the Super Committee and the deficit strategy. More at The Real News
Reforming the U.S. Financial and Tax System
The pretense is that privatization is more efficient. But privatizers add on interest and financial fees, high executive salaries and bonuses, and turn the roads into toll roads and other infrastructure into neofeudal fiefdoms to charge monopolistic access fees for people to use. .... So the financial sector first creates a problem by loading...
Iceland's Fair Value Vultures
The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay...
Occupy Systemic Change
Hudson with Lauren Lyster, discussing shocking new census poverty figures and the coming change. This rushed interview required more detail on solutions as can be heard here and read here.
Now We're Talking
Hudson is in form on KPFK today with Alan Minsky. 17 minutes - worth doing the dishes to.
EU: Democracy Incompatible with Debt Collection
Democracy Now Nov 3 2011 AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders...
Consent Needed for Debt Repayments
Hudson on the odious nature of debts encouraged by the banksters but repaid by the people through austerity.
Books by Michael Hudson
