Many of Mr. Krugman’s readers find him the leading hope of opposing even worse Republican politics. But what can be worse than the Rubinomics that Larry Summers, Tim Geithner, Rahm Emanuel and other Wall Street holdovers from the Democratic Leadership Committee have embraced?
Michael Hudson
Michael Hudson es el presidente del Institute for the Study of Long-Term Economic Trends (ISLET), analista financiero de Wall Street, profesor e investigador de Economía en la Universidad de Missouri (Kansas City) y autor de “Super-Imperialism: The Economic Strategy of American Empire” (1968 & 2003), “Trade, Development and Foreign Debt” (1992 & 2009) y “The Myth of Aid” (1971). ISLET se dedica a la investigación en los ámbitos de las finanzas nacionales e internacionales, de la renta nacional y contabilidad del balance en materia de bienes raíces y de la historia económica del antiguo Oriente Próximo. También actúa como asesor económico de gobiernos de todo el mundo (incluyendo Islandia, Letonia y China) en asuntos de financiación y legislación fiscal. Truman Factor publica artículos selectos del profesor Hudson en inglés y español.
Productivity, The Miracle of Compound Interest and Poverty
Rising productivity would raise wages and living standards, enabling people to work shorter hours under more relaxed and less pressured workplace conditions.
Debt: The Politics and Economics of Restructuring
Michael Hudson’s presentation for the session “The Challenge of Deleveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.
Debts that can’t be paid, won’t be
A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid.
MMT as an ECB Alternative
2,181 Italians pack a Sports Arena to learn Modern Monetary Theory
“The EU is proving that it works for private banks, but not for its citizens”
The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector.
[VIDEO] The Icelandic Example?
Interview for the Centre for Research on Globalization about the Icelandic recovery plan.
[VIDEO] The Greek People Never Agreed to the Debt or Austerity
Michael Hudson discusses how democracy has been subverted.
Russia: Reversing Economic Polarization and Poverty
The wealth of any nation is its population. It is wasteful to reduce families to poverty…
Asqueados con los bancos
Los bancos asumieron un riesgo. Ahora quieren llevarse el dinero y que los contribuyentes paguen. Esto es moralmente repugnante.
Russia’s Economic Interests
Can Russia “afford” the costs of raising much of its population out of poverty? Can she afford not to?
Debt Ceiling Set For Progressive Repealing
The Wall Street bailout melodrama should be viewed as a dress rehearsal for today’s debt-ceiling non-crisis.
Las privatizaciones empeorarán el nivel de vida
La alternativa a la mala gestión de las empresas públicas no es necesariamente la privatización, sino una mejor administración y mayores controles para evitar la incompetencia y las malas prácticas.
Whither Greece
One must conclude that the EU’s new central planners are acting as class warriors by demanding that all losses are to be suffered by economies imposing debt deflation and permitting creditors to grab assets… If Greece does not draw a line here, it will be a victory for financial and fiscal aggression imposing debt peonage.
Rolling Back the Progressive Era
Financial strategists do not intend to let today’s debt crisis go to waste. The basic model follows the former Soviet Union’s post-1991 neoliberal reforms: privatization of public enterprises, a high flat tax on labor but only nominal taxes on real estate and finance, and deregulation of the economy’s prices, working conditions and credit terms.
