Around one-third of the value of the EU’s imports of cereals in 2021 originated from Ukraine (28.8% and valued at €1.7 billion) and Russia (4.8%) combined. Read Here
Varoufakis writes in ‘Project Syndicate’ on European capitalism, which is rich in terrestrial capital but has fallen behind the US and China in “cloud capital”. Read the article HERE.
Only about 8 percent of EU firms have divested from Russia, with the majority of Western firms still active in the country being German. Read the article HERE.
The billionaire class lost wealth in 2022 but it didn’t put a dent in their luxury spending. More money for billionaires doesn’t buy them more things, it buys them more political power. Sam Pizzigati writes on […]
Starts at Minute 1 The talk discussed the evolution in global inequality over the past thirty years. It will focus on the most recent 2008-2018 estimates of global income distribution and will draw political implications […]
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 […]
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 […]
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