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Read More »Must we replace the dollar with a shared international currency unit? On the BBC World Service’s REAL STORY
[embedded content] Mark Carney, Governor of the Bank of England, recently said that we need a new international currency unit to replace the US dollar. In this BBC World Service program, I was asked what I thought of the idea. For more of a background to my answer click here. (For the whole BBC program, click here.)
Read More »The IMF functions like the US-European bankers’ bailiffs – Varoufakis and Rogoff on BBC World Service’s World Business Report
[embedded content] The International Monetary Fund’s latest $56 billion loan to Argentina is at risk of failing again. The Argentinian peso has slumped and opposition leader Alberto Fernandez wants to ditch the austerity conditions attached to IMF bailouts that have so far failed to reduce inflation, stabilise the currency or halt recession. The Washington-based multilateral organisation...
Read More »The Instrument of Empire
So, Canada, the Canadian people unfortunately are deprived of honest representation of provincial desires, provincial needs, by the fact that the financial sector, the banks, are pretty much running the country.” – Michael Hudson On the weekend of July 19-21st, 2019, the University of Manitoba became the venue for the 14th Forum of the World Association for Political Economy (WAPE). This annual event represents a gathering of Marxist economists from around the...
Read More »Negative Interest, Debt Jubilee?
Negative Interest, Debt Jubilee? | Michael Hudson Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click "Send". You will then receive an email that helps you regain access....
Read More »Boris Johnson is locked into a No Deal, Trump Deal Brexit – on Radio 4’s BH
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Read More »Discussing the Green New Deal for Europe – StartupTV
[embedded content] StartupTV presents Yanis Varoufakis, Greek academic, economist and politician, talking about his vision for the future of European politics, including a Green New Deal for Europe. In 2015, Varoufakis launched his own party, The Democracy in Europe Movement, or DiEM25, alongside Croatian philosopher Srećko Horvat. Varoufakis’ vision for a Green New Deal, financed by green...
Read More »How rising housing prices and education are making us poorer
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Read More »De-Dollarizing the American Financial Empire
Guns and Butter. July 3, 2019 Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay tribute. Of course, America doesn’t come right out and tell other countries, “You have to pay us tribute,” like Roman emperors told the provinces they governed. U.S. diplomats simply insist that other countries...
Read More »Food Blackmail, the Washington Consensus and Freedom
Food Blackmail, the Washington Consensus and Freedom | Michael Hudson Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click "Send". You will then receive an email that helps you...
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