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Financialization and The Destruction of the Real Economy

September 20, 2017

Financialization and The Destruction of the Real Economy Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse. Financialization is destroying the real economy, but few in power seem to notice or care. The reason why is painfully obvious: those in […]

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This is What’s in Store for the Real Economy

March 16, 2016

This is What’s in Store for the Real Economy There is no escape. The Census Bureau announced today that total business sales in January did what they’d been doing relentlessly for the past one-and-a-half years: they fell! This time by 1.1% from a year ago, to  $1.296 trillion, and by 5% from their peak in July […]

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Look Out Below: the Real Economy Just Hit Stall Speed

December 2, 2015

Look Out Below: the Real Economy Just Hit Stall Speed Look out below, for even with bloated federal spending, the real economy has hit stall speed. What do we mean when we say the U.S. economy is at stall speed? Stall speedrefers to the air speed and angle of the wing (called the angle of attack) needed to […]

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Parasites in the Body Economic: the Disasters of Neoliberalism

October 5, 2015

Parasites in the Body Economic: the Disasters of Neoliberalism The following is a transcript of CounterPunch Radio – Episode 19(originally aired September 21, 2015). Eric Draitser interviews Michael Hudson. Eric Draitser: Today I have the privilege of introducing Michael Hudson to the program. Doctor Hudson is the author of the new book Killing the Host: How Financial […]

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How Soaring Housing Costs Maul the Real Economy

May 11, 2015

How Soaring Housing Costs Maul the Real Economy How many years would it take first-time homebuyers, earning a median household income, to save enough money for the standard 20% down payment on a median home? Are you sitting down? In many cities an impossibly long time, Lindsay David of LF Economics (and a contributor on WOLF […]

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One Last Look At The Real Economy Before It Implodes – Part 3

March 21, 2015

One Last Look At The Real Economy Before It Implodes – Part 3 In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt. The primary consequence being a collapse in overall consumer demand, something which we are at this […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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