Michael Hudson

Democracy and Debt

Democracy and Debt

Has the Link been Broken?

 Michael Hudson

[VIDEO] The Icelandic Example?

[VIDEO] The Icelandic Example?

Interview for the Centre for Research on Globalization about the Icelandic recovery plan.

 Michael Hudson

Trade Theory Financialized

Trade Theory Financialized

To secure its privileges and tax favoritism, the financial sector opposes government power to tax or regulate. Fighting under the banner of “free markets,” it is now fighting to centralize economic planning power in Wall Street, the City of London and other financial centers.

 Michael Hudson

[VIDEO] The Greek People Never Agreed to the Debt or Austerity

[VIDEO] The Greek People Never Agreed to the Debt or Austerity

Michael Hudson discusses how democracy has been subverted.

 Michael Hudson

The State and Local Budget Crisis

The State and Local Budget Crisis

The cost of the 2011 cutbacks in federal spending will fall most directly on consumers and retirees by scaling back Social Security, Medicare, Medicaid and social spending programs. The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities.

 Michael Hudson

Russia: Reversing Economic Polarization and Poverty

Russia: Reversing Economic Polarization and Poverty

The wealth of any nation is its population. It is wasteful to reduce families to poverty…

 Michael Hudson

Asqueados con los bancos

Asqueados con los bancos

Los bancos asumieron un riesgo. Ahora quieren llevarse el dinero y que los contribuyentes paguen. Esto es moralmente repugnante.

 Michael Hudson

Russia’s Economic Interests

Russia’s Economic Interests

Can Russia “afford” the costs of raising much of its population out of poverty? Can she afford not to?

 Michael Hudson

Debt Ceiling Set For Progressive Repealing

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.

 Michael Hudson

Las privatizaciones empeorarán el nivel de vida

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.

 Michael Hudson

Whither Greece

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.

 Michael Hudson

Rolling Back the Progressive Era

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.