Posts Tagged ‘ tax ’

Wall Street’s War Against the Cities

August 31, 2012
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Wall Street’s War Against the Cities

Why Bondholders Can’t – and Shouldn’t – be Paid The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy...

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Overview: The Bubble and Beyond:

August 10, 2012
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The Road from Industrial Capitalism to Finance Capitalism and Debt Peonage Essays on Fictitious Capital, Debt Deflation and the Global Crisis Michael Hudson’s new book The Bubble and Beyond can be purchased here. Preface Summary and Analytic Table of Contents Introduction: Today’s Financial Crisis and Economic Theory I. Fictitious Capital and Economic Fictions 1....

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