Posts Tagged ‘ Washington Consensus ’

Hudson, Keiser on 2012 Imperialism

January 29, 2012
By

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.

Read more »

Background Briefing

January 19, 2012
By

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.

Read more »

Europe’s Transition From Social Democracy to Oligarchy

December 6, 2011
By

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...

Read more »

Democracy and Debt

December 3, 2011
By

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...

Read more »

Iceland's Fair Value Vultures

November 12, 2011
By

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...

Read more »

Trade Theory Financialized

October 26, 2011
By

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...

Read more »

Russia’s Economic Interests (Part 1)

August 2, 2011
By

After the Soviet Union dissolved in 1991, most of its members followed the neoliberal advice of the IMF and World Bank – and the Harvard Boys – and simply turned over the most lucrative resources in the public domain (minerals and fuels, real estate, public utilities, hotels, transport systems, etc.) to well-connected individuals and...

Read more »

Obama's Debt Ceiling Doublespeak

July 12, 2011
By

Mr. Obama has always known who has been contributing primarily to his political campaigns. We know where his loyalties lie now. And, basically, he promised change because that's what people would vote for, and he delivered the change constituency to the campaign contributors.

Read more »

Privatizing Will Make Life Worse

July 1, 2011
By

November 12, 1989, New York Times PERESTROIKA GOES SOUTH This article was published in the NYT more than 20 years ago, forecasting precisely what has happened. I attended the annual meetings of the International Monetary Fund and World Bank in Washington last month. When the meetings ended, I was left with the impression that...

Read more »

Will Iceland Vote “No” or commit financial suicide?

April 8, 2011
By

A landmark fight is occurring this Saturday, April 9. Icelanders will vote on whether to subject their economy to decades of poverty, bankruptcy and emigration of their work force. At least, that is the program supported by the existing Social Democratic-Green coalition government in urging a “Yes” vote on the Icesave bailout. Their financial...

Read more »