Chris Dillow: On resilience
The common error here is an inability to see that products and systems must be resilient to human error simply because such errors are widespread and an inevitable part of the human condition. Read Here
The common error here is an inability to see that products and systems must be resilient to human error simply because such errors are widespread and an inevitable part of the human condition. Read Here
Conventional economics is built around the idea of opportunity cost. If there is a limited resource a decision has to be made about how best to use it. How is that principle applied when you […]
If we take the years 2019-23, China’s economic growth rate will have been at least three times as fast as the US and more than five times as fast as the EU So where is […]
Michael talks about the current global political economy, oil prices, debt jubilees, monetary hegemony, and the US political parties. When asked for solutions, his answers might be troubling to some. It’s worth hearing him out. Listen […]
This is always a problem for a mercantile nation and support the IMF prediction of a developing world recession Read Here
In a new podcast, every fortnight economies Radhika Desai and Michael Hudson will discuss major developments in the fast-changing world of geopolitical economy. In this first podcast, they introduce the themes they will discuss and […]
Under capitalism] You have competitive industries, where you’re trying to take demand away from your rivals. You have Kawasaki versus Honda versus BMW etc. etc.. The way you get demand away from your competitors is […]
The billionaires and their invited guests at Davos will pay this international call no mind, but that doesn’t mean it can’t be done. After all, we’ve done it before. Sam Pizzigati writes on inequality for […]
Central banks pay interest on commercial banks’ holdings of cash reserves at the central bank. Thus, recent rate increases imply larger interest payments to commercial banks and loss of revenue for national governments. Paul De […]
The deeper reason why the powerful and wealthiest think your ability to vote is dangerous. Thom Hartmann is a talk-show host and the author of “The Hidden History of Monopolies: How Big Business Destroyed the […]
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