De-Dollarizing the American Financial Empire: IMF and World Bank are Partners in Backwardness

Bonnie Faulkner interviews Michael Hudson edited by O Society July 8, 2019 “The purpose of a military conquest is to take control of foreign economies, to take control of their land and impose tribute. The genius of the World Bank was to recognize that it’s not necessary to occupy a country in order to impose … Continue reading De-Dollarizing the American Financial Empire: IMF and World Bank are Partners in Backwardness

Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony

by Michael Hudson Feb 1, 2019 The end of America’s unchallenged global economic dominance arrived sooner than expected, thanks to the very same Neoconservatives who gave the world Iraq, Syria, and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent … Continue reading Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony

A History of Neoliberalism: Chris Hedges, David Harvey, and Michael Hudson

You can download and read the book A Brief History of Neoliberalism here as a PDF. Below is a series of videos by the books' author as a primer on the most important topic of our age, which practically no one has heard of nor understands: Neoliberalism https://youtu.be/D-YO5EROH-I ON CONTACT: A History of Neoliberalism, Part I … Continue reading A History of Neoliberalism: Chris Hedges, David Harvey, and Michael Hudson

The Vocabulary of Economic Deception

The whole focus of classical economics is to tax wealth, not income, and obviously, the tax burden was going to fall on the wealthy, on the landlords first and foremost, then on the bankers, and then on the monopolists. That was what socialism was, the idea of creating an economy with a circular flow, the … Continue reading The Vocabulary of Economic Deception

How Bronze Age Rulers Simply Canceled Debts

Clean Slate proclamations were part of the community’s self-preservation. by Michael Hudson Evonomics Dec 3, 2018 Adapted from …and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. Islet. November 15, 2018.  There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out … Continue reading How Bronze Age Rulers Simply Canceled Debts

Everything You Thought You Knew About Western Civilization Is Wrong

A Review of Michael Hudson’s New Book, And Forgive Them Their Debts by By John Siman Naked Capitalism Nov 16, 2018 To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order … Continue reading Everything You Thought You Knew About Western Civilization Is Wrong

Rescuing the Banks Instead of the Economy

Guns and Butter (audio) Michael Hudson (transcript) You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy … Continue reading Rescuing the Banks Instead of the Economy