by Jeffrey Sommers and Michael Hudson A generation ago the Chicago Boys and their financial supporters applauded General Pinochet’s anti-labor Chile as a success story, thanks mainly to its transformation of their Social Security into Employee Stock Ownership Plans (ESOPs) that almost universally were looted by the employer grupos by the end of the...
Posts Tagged ‘ Russia ’
How Neoliberal Tax and Financial Policy Impoverishes Russia – Needlessly
* 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...
Debt Deflation on the rise
Michael Hudson on Bonnie Faulkner’s Guns & Butter. Listen Here Guns and Butter: “Debt Deflation in Europe and America” Edited Interview by Bonnie Faulkner with Michael Hudson, September 2, 2011 (first aired on Pacifica, September 14, 2011). “Without consumption, markets are going to shrink. Companies won’t invest, stores will close, “for rent” signs will...
Euro SOS Debate
During the the Global Policy Forum (Russia), Jeffrey Sommers and Michael Hudson discussed the future of the EU with Bloomberg columnist Matthew Lynn.
Hudson in Russia: The Myth of Neo-Liberalism
Michael is in Russia on tour. More soon.
Russia: Reversing Economic Polarization and Poverty
To avoid this fiscal cause of poverty, we must ask what kind of taxes steer wealth into the most productive lines, by lowering the economy’s cost of doing business, and preventing “negative-sum” predatory economic activities that impoverish the population? More specifically, is a tax shift onto land rent and monopoly rent (as Dmitri Lvov...
How Large is Russia's Land Rent, and How Will it be Used?
In June, I travelled to Russia with Nicolaus Tideman to meet with some of our Georgist counterparts and help create a program for local communities to collect land rent. We also wanted to spell out the alternative. What would happen if the land were privatized in such a way as to let its rent...
Books by Michael Hudson
