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Modern-Day Debtors’ Prisons and Debt in Antiquity
Modern-Day Debtors’ Prisons and Debt in Antiquity Photo by Zak Greant | CC BY 2.0 Paul Sliker: So Michael, in conjunction with Harvard University’s Peabody Museum you headed up an archaeological research team on the origins of private property, debt, and real estate and the origins of economic civilization in the ancient Near East. You actually […]
Could/Should Jubilee Debt Cancellations be Reintroduced Today?
Could/Should Jubilee Debt Cancellations be Reintroduced Today? Introduction The idea of annulling debts nowadays seems so unthinkable that most economists and many theologians doubt whether the Jubilee Year could have been applied in practice, and indeed on a regular basis. A widespread impression is that the Mosaic debt jubilee was a utopian ideal. However, Assyriologists […]
Monetary Imperialism
Monetary Imperialism Photo by Nathaniel St. Clair In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War […]
Government By Goldman
GOVERNMENT BY GOLDMAN Gary Cohn Is Giving Goldman Sachs Everything It Ever Wanted From the Trump Administration STEVE BANNON was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after […]
Revolts of the Debtors: From Socrates to Ibn Khaldun
Revolts of the Debtors: From Socrates to Ibn Khaldun Last week I attended a wonderful conference in the university town of Tübingen, Germany, on “Debt: The First 3500 Years,” to bring ancient historians together to discuss David Graeber’s book Debt: The First 5000 Years. I was enlightened by two papers in particular. Doctoral fellow Moritz Hinsch […]
US imperialism the BREXIT culprit
US imperialism the BREXIT culprit How Western Military Interventions Shaped the Brexit Vote, TRNN, June 25, 2016. Michael Hudson argues that military interventions in the Middle East created refugee streams to Europe that were in turn used by the anti-immigrant right to stir up xenophobia GREGORY WILPERT, TRNN: Welcome to the Real News Network. I’m […]
The Slow Crash: When Global Economies are Run by Banks
The Slow Crash: When Global Economies are Run by Banks I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: The Slow Crash. Dr. Hudson is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of […]
Michael Hudson Warns “Millions Around The World Are Fleeing Neoliberal Policy”
Michael Hudson Warns “Millions Around The World Are Fleeing Neoliberal Policy” Economist Michael Hudson tells The RealNews network that neoliberal policy will pressure U.S. citizens to emigrate, just as it caused millions to leave Russia, the Baltic States, and now Greece in search of a better life… Background A research team from Columbia University’s Mailman […]
The Dangers of Free Trade Agreements: TTIP’s Threat to Europe’s Elderly
The Dangers of Free Trade Agreements: TTIP’s Threat to Europe’s Elderly The most obvious approach to look at how European care for the elderly will evolve is to project technological trends and the costs of people living longer as diagnostic equipment, drug treatments and other medical science continues to improve. This kind of projection shows […]
The Panama Papers: Laundering Havens for War Budgets (Video)
The Panama Papers: Laundering Havens for War Budgets (Video) In mid-April, economist Michael Hudson told The Real News Network that global oil and mining industries and the U.S. State Department created Panama and Liberia for the express purpose of tax evasion. Read a full transcript of Hudson’s exchange with host Sharmini Peries below. SHARMINI PERIES, TRNN: It’s the […]
We Can’t Save the Economy Unless We Fix Our Debt Addiction
We Can’t Save the Economy Unless We Fix Our Debt Addiction Our economy has increasingly been financialized, and the result is a sluggish economy and stagnant wages. We need to decide whether to stop the cycle and save the economy at large, or to stay in thrall to our banks and bondholders by leaving the debt […]
Panama and the Criminalization of the Global Finance System
Panama and the Criminalization of the Global Finance System dennizn | Shutterstock.com Sharmini Peries: Within a week the 11 million documents called the Panama papers, published by the International Consortium of Investigative Journalists, has become a household name. The documents are connected to the Panama law firm Mossack Fonsesca that helped establish offshore accounts for some of […]
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video) teleSUR In this episode of teleSUR’s “Days of Revolt,” Chris Hedges interviews Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. Hudson is a professor of economics at the University of Missouri-Kansas City […]
Western Peoples Are Being Re-Enserfed
Western Peoples Are Being Re-Enserfed Following the collapse of the Western Roman Empire, free farmers were defenceless in the face of Viking, Magyar, and Saracen raiders. The need for protection led to the enserfment of free people who accepted the suzerainty of those able to provide walled defenses and armed fighters to ward off attacks. […]
The New Global Financial Cold War
The New Global Financial Cold War The Guns and Butter Interview Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going […]
