When I was in London recently, I was repeatedly assailed with the idea that the Liz Truss debacle proves that the financial markets in Britain are more powerful than the government and can force the […]
Biden’s hope of winning the presidency for a second term was supposed to depend on the economy. Many claim the Bidenomics has been a success. Radhika Dessai and Michael Hudson explain why the economy is […]
After those 2023 bank runs there is a case for stronger rules on capital and liquidity, with the aim of restoring credibility to a timely intervention process and favouring the recovery of viable banks Enrico […]
We are living in a historical interregnum, as Antonio Gramsci famously described it, where the old order of global capitalism and American global hegemony is dying, but the new cannot be born. That’s the key […]
9 February 2024 Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. […]
Some of the world’s biggest banks are now back-tracking on prior climate commitments – climate action isn’t just not moving forwards, it’s going backwards. Bill McKibben is the Schumann Distinguished Scholar at Middlebury College and […]
BlackRock has announced the purchase of Global Infrastructures Partners, seizing yet more control of the planet’s natural resources. Riccardo Petrella is an Italian political scientist and economist. He is currently honorary professor at the Catholic […]
Debt is not just making the world go around, it is making it spin madly. So madly that the possibility that it will spin out of control is ever present. Michael Hudson is President of […]
The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one might conclude the inflation episode is coming to an end. The Bank of […]
A survey of global economic and political dynamics. George Kerevan is a Scottish journalist and economist, and a former SNP MP. Cross-posted from Conter 2024 opens with global financial markets feeling the jitters over an […]
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