The wellbeing of a capitalist society depends on the endless accumulation of privately owned capital. This requires a replacement of input-minimising by output-maximising rationality. One result is a fiscal crisis of the state, due to […]
A long weekend read covering a lot of essential economic and political terrain. Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research […]
Overnight we have perhaps seen a signal of something that worried us for some years. Read HERE Photo . Jim.henderson Wikimedia Commons
From fintech to food systems and social media to all domains essential for society and the economy, the State of Big Tech compendium of fifteen essays offers a vision and blueprint for the 99% to […]
How widespread is the idea that one person’s debt is another person’s credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisation that […]
Despite the claims and heralding that the IMF was becoming an enlightened institution, nothing has changed. Its practice of death and destruction is alive and well in Washington D.C. (where else?) Read Here
In the near future Crypto Currencies will be seen similarly to how we see the South Sea Company today. Frances Coppola is the author of the Coppola Comment finance and economics blog, which is a regular feature on […]
Financial capital does not contribute to improving society, just making the rich richer. Dean Baker is a Senior Economist at the Center for Economic and Policy Research (CEPR) Cross-posted from the CEPR Blog We should […]
His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with […]
The rate hikes now being implemented by most central banks are not just allowing the commercial banks to widen spreads between deposit and lending rates which will generate significant windfall profits for the banks and […]
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