The Fed’s Austerity Program To Reduce Wages – Analysis
By Michael Hudson, Published on EurasiaReview, June 23, 2022: The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price [...]
Monopsony capitalism and worker power in the global garment industry
Power within the garment sector has always turned on a twin axis. The first axis concerns the imbalance of power between workers and factory owners, while the second concerns the imbalance of [...]
The debt dilemma
Economist Michael Roberts argues that to end the spiral of debt and fictitious capital will require much more than taxing the rich more or buying up weaker companies with government debt. By [...]
Eurozone’s two biggest economies sink into historic recessions
Economic and trade slowdown wipe out years of growth in months in Germany and France By Martin Arnold in Frankfurt and David Keohane in Paris Published on the FT, Apr 8, 2020 [...]
America: Money or your life?
VIDEO & PODCAST Where next for capitalist America, as this deadly virus grips an already frail economy? Has the policy response been socialism for the rich, predatory capitalism for the rest? [...]
Chicago, IL: Occupation of bank-owned building turned into mutual aid hub
This report from Chicago, Illinois, is on the recent occupation of a banked-owned property that was turned into a hub for mutual aid efforts. Published on It’s Going Down, Apr 6, 2020 [...]
Corporate forces are prioritising the shoring up of capitalism – even as workers perish from Covid-19
The drive to preserve a failing economy that works for the few rather than to transform it radically for the many, exists on an international level. By Kevin Ovenden Published on Morning Star, [...]
Amid coronavirus crisis, China demonstrates that an alternative to the US-led, neoliberal order is possible
While the U.S. establishment wastes so much time and energy demonizing China, the rest of the world appears more concerned with combating the coronavirus pandemic. By Ajit Singh Published on MR [...]
A Brady Bond solution for America’s unpayable corporate debt
Even before the Covid-19 crisis has slashed stock prices nearly in half since it erupted in January, financial markets were in an inherently unstable condition. By Michael Hudson Published on [...]
COVID-19 and the immediate need for a universal basic income
A basic income of an amount equal to or above the poverty line in every country would guarantee the material existence of the whole population, respecting the dignity of everyone because this [...]
