Michael Hudson: Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class

Campaigners say action plan falls short of Europe-wide measures that are required. What elso would one expect of the EU? Read here Justice commissioner Věra Jourová

While the Conservative government continues unperturbed its austerity programme the dramatic consequences for society are becoming increasingly visible. The tragedy is that behind all these neutral numbers there are real human beings. Read here  

According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s […]