Finance Capitalism & Its Discontents on Kindle

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This collection contains the most important interviews and speeches that Professor Michael Hudson, Distinguished Professor of Economics at the University of Missouri (Kansas City), and president of the Institute for the Study of Long-term Economic Trends (ISLET) has given over the past decade (2003-2012). They span the political spectrum from COUNTERPUNCH.COM and KPFK radio’s GUNS AND BUTTER to iTULIP.COM and SANKT GEORGE in Berlin. It also includes his now-famous Rlmini, Italy, speeches that were given at a packed sports arena in early 2012 on the topic of how finance capitalism is pushing the world, starting with Europe, into austerity and neo-feudalism. Find it for Kindle, paperback here for £6.79

Finance Capitalism and its Discontents

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NEW BOOK: This collection contains the most important interviews and speeches that Professor Michael Hudson, Distinguished Professor of Economics at the University of Missouri (Kansas City), and president of the Institute for the Study of Long-term Economic Trends (ISLET) has given over the past decade (2003-2012). They span the political spectrum from COUNTERPUNCH.COM and KPFK radio's GUNS AND BUTTER to iTULIP.COM and SANKT GEORGE in Berlin. It also includes his now-famous Rlmini, Italy, speeches that were given at a packed sports arena in early 2012 on the topic of how finance capitalism is pushing the world, starting with Europe, into austerity and neo-feudalism. Available in paperback or kindle from Amazon.com for $19.95

Reality economics

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A review of Norbert Häring and Niall Douglas, Economists and the Powerful (London: Anthem Press, 2012). “Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest. The acquisition of power soon leads to its abuse, to economic and social hubris. By seeking to protect its gains, perpetuate itself and make its wealth hereditary, power elites lock in their position in ways that exclude and injure those below. Turning government into an oligarchy, the wealthy indebt and shift the tax burden onto the less powerful. It is an ancient tale. The Greeks got matters right in seeing how power leads to hubris, bringing about its own downfall. Hubris ...

The Bubble and Beyond on Kindle

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After many hours of formatting (thankyou Lynn), the new book The Bubble and Beyond can now be purchased for $10 from Kindle. Enjoy! Sales so far have been very good. The book would be on its second print if we were selling it traditionally. The print on demand function we are using is very effective. Thankyou for supporting independent thought, production and distribution. Tell your friends ;)

Review in the German Journal Intervention

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Rezensionen Michael Hudson (2003), Super Imperialism. The origin and Fundamentals of U. S. World Dominance, London (416 Seiten, broschiert, Pluto Press) »Der Dollar ist unser Geld, aber Euer Problem«, so wird die Einstellung der US-Regierung zur globalen Rolle der eigenen Währung gerne zitiert. Und tatsächlich scheint es so, als hätten vor allem die anderen Länder Probleme mit der US-Währung. Wertet der Dollar kräftig auf, wie zuletzt 1999 / 2000, so importieren die anderen Länder Inflation. Wertet der Dollar dagegen ab, so kommen die Exporte der anderen Industrieländer unter Druck. Nur die USA scheint dies alles wenig zu stören. Müssen sich andere Länder über die Außenstabilität ihrer Währung Sorgen machen, war es für die Vereinigten Staaten über Jahrzehnte selbstverständlich, praktisch jedes Leistungsbilanzdefizit mit Leichtigkeit finanzieren zu können. Selbst militärische Unternehmen wie den Vietnamkrieg (oder ...

Review of Super Imperialism

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in FTD - Financial Times Deutschland (German edition of FT) Super Imperialism: The Origin and Fundamentals of US World Dominance Michael Hudson. Pluto Press 2003, 425 Seiten, 32 €, ISBN 074531989 Unser Dollar, euer Problem Wie ein Volkswirt die finanzielle Grundlage der amerikanischen Vorherrschaft erklärt Von Sebastian Dullien Wieder einmal starren Wirtschaftsprognostiker Gebannt auf den Dollar-Kurs. Wird die USWährung weiter abwerten und alle Erholungshoffnungen für die Konjunktur in Europa zunichte machen? Wird gar der Greenback soweit abstürzen, dass Deutschland in die Deflation gleitet und ein zweites Japan wird? Wie so oft in den vergangenen Jahrzehnten ist das Wohl und Wehe der Weltwirtschaft derzeit eng mit der Entwicklung des Dollar verbunden. Und wie schon so oft stellt sich die US-Regierung auf den Standpunkt: „Der Dollar ist unser Geld, aber euer Problem.“ Tatsächlich: Gravierende Probleme mit dem Wechselkurs scheint Amerika selten zu haben, nicht mit seiner ...

Press release: Super Imperialism

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How America will get Europe to finance its 2002-03 Oil War with Iraq In the 1991 Gulf War, America got its allies to bear most of the costs voluntarily. After all, U.S. diplomats asked, wasn't the war fought to protect Kuwait and the next petro-domino, Saudi Arabia, from Iraqi attack - and in the process to protect Europe's oil and gas supplies from an aggressive grabber? Wasn't it therefore fair to ask the Kuwaitis and Saudis, along with the Germans, British and other countries, to bear the lion's share of the cost of the oil war? Europe and the Near East agreed to pay, and their central banks turned over some of the U.S. Treasury bonds they had accumulated by running trade and payments surpluses year after year with America. But ...