Video and transcript.In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson explain the end of the British empire’s sterling area with the rise of the US dollar system, its central role in imperialism, and why it ultimately failed to accomplish Washington’s hegemonic goals.RADHIKA DESAI: Hello everyone. Welcome to the fourth Geopolitical Economy Hour, our fortnightly show on the political and geopolitical economy of our times....Geopolitical...

Short read. Nothing Mike has not gone into already.The LensMore on the Interest-Income ChannelStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack. Share this:Like this:Like Loading...

In October 2022, about eight months after the war in Ukraine started, the University of Cambridge in the UK harmonized surveys conducted in 137 countries about their attitudes towards the West and towards Russia and China.The findings in the study, while not free of a margin of error, are robust enough to take seriously.These are:For the 6.3 billion people who live outside of the West, 66 percent feel positively towards Russia and 70 percent feel positively towards China, and,Among the 66...

This is a useful analysis from a conservative Russian point of view of the unfolding of the present situation globally and the alternative scenarios for the Ukrainian conflict.english.almayadeen.netFrom special operation to full-scale warAlexander Dugin

Corruption watch. (h/t Naked Capitalism)Glenn GreenwaldNew SBF Indictment Exposes How Washington Really Works. Plus, Investigative Reporter Lee Fang In-Studio!EschatonEverything Is CorruptAtrios

Dud. The weapon failed to explode and to the degree it did detonate, it was a direct hit on US allies in Europe.AntiWarWhite House Believed ‘Economic Nuclear Weapon’ Would End Russian War in UkraineKyle Anzalone

The trajectory of mainstream economics can be understood in terms of how the discipline historically responded to moments of crises by attempting to “theoretically fix” the understandings related to five core “questions” of capitalist political economy – namely land, trade, labour, state, and legal-institutional framework. This involved legitimising improvements in land that led to the dispossession and the destruction of the commons, justifying free trade based on comparative advantage as...

Weekly Indicators for February 20 – 24 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While several of the important coincident indicators continue to hover just above neutrality, importantly neither long term Treasury yields nor corporate bond yields nor mortgage rates have made a new high in the past 4 months, and historically that has been significant. As usual, clicking over and reading will...