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Tag Archives: Economic History

The Delphic Oracle Was Their Davos 4/4: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)-John Siman interviews Michael Hudson

Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismUp in Arms Michael Hudson | 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, and Guest Professor at Peking University

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: (Part 3)-John Siman interviews Michael Hudson

Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe DNA of Western civilization is financially unstableMichael Hudson | 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, and Guest Professor at Peking University

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2) — John Siman interviews Michael Hudson

Mixed Economies and Monopoly Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)Michael Hudson | 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, and Guest Professor at Peking...

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Umair Haque — The Birth of Predatory Capitalism—How the Free World Took Four Giant Leaps to Self-Destruction

A (successful) American politician who cries: “God is a white supremacist!”Neo-nazis in the Bundestag. The extreme right rising in Italy. Poland’s authoritarians purging its Supreme Court . How did we get here? To a world where the forces of intolerance and indecency are on the rise, and those of decency, wisdom, and civilization are waning? Is something like a new Dark Age falling? I think it has everything to do with predatory capitalism, and so I want to tell you a story. Of how it...

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Adrian Kuzminski — Understanding Populism

American populists are largely reactive and somewhat confused. They don’t know what hit them. And they don’t know their own, often forgotten, history. Nineteenth-century American populists were not socialists, but small-scale capitalists. They were farmers, artisans, and professionals. Private enterprise was central to their values, and they wanted to preserve it for ordinary citizens like themselves. The ideal was to own your own business, not to work for a corporation. Populists fought to...

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Michael Hudson — FT: Wiping the slate clean: is it time to reconsider debt forgiveness?

I don't link to FT since it is behind a paywall (although FT Alphaville is not, but free registration may be required). Michael Hudson provides access to a recent article by Gillian Tett on debt forgiveness.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismFT: Wiping the slate clean: is it time to reconsider debt forgiveness?Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished...

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The Anthropocene and the New World

In recent decades all but the wilfully ignorant have had to face two facts: that climate change is taking place and that it is the result of what we humans are doing. The term Anthropocene was coined in 2000 in recognition of that latter hugely important fact. When had this new era began – and with it the end of the Holocene epoch that had been around for some 11,000 years of climate stability, a transition out of the Ice Ages, that then facilitated the spread of farming and permanent...

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Michael Hudson — Mutual Aid vs Moral Hazard

Creditors argue, for instance, that if you forgive debts for a class of debtors – say, student loans – that there will be some “free riders.” Students freed from debt will benefit, while students who were able to carry and pay off their debts had to “meet their obligations.” It is further argued that if student debts are forgiven (or “junk mortgage” loans written down to fair real estate valuations), people will expect to have bad loans written off. This is called a “moral hazard,” as if...

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