Tuesday, August 22, 2017

Tag: Neoliberalism

Making Russia The Enemy

The rising hysteria about Russia is best understood as fulfilling two needs for Official Washington: the Military Industrial Complex's transitioning from the “war on terror” to a more lucrative “new cold war” – and blunting the threat that a President Trump poses to the neoconservative/liberal-interventionist foreign-policy establishment. By hyping the...
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Michael Hudson on the Orwellian Turn in Contemporary Economics

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire...

Mike Pence Will Be the Most Powerful Christian Supremacist in U.S. History

The election of Donald Trump has sent shockwaves through the souls of compassionate, humane people across the country and the world. Horror that a candidate who ran on a platform of open bigotry, threats against immigrants and Muslims, and blatant misogyny will soon be president is now sinking in. Trump...

Global Trumpism: Why Trump’s Victory Was 30 Years in the Making and Why It...

Trump's victory was predictable, and was predicted, but not by looking at polls. Polling has taken a beating recently having failed to predict the victory of David Cameron's Conservative Party in the British general elections, then Brexit, and now the election of Donald Trump. One can argue about what’s...

Beware Donald Trump’s Infrastructure Plan

We don’t know much about Donald Trump's plans for this new toy he’s inherited called the world’s only superpower. But we know that he likes to put his name on things, which is why his prioritizing of an infrastructure program makes a lot of sense. He can barnstorm the...
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Chris Hedges: The Surrender of the Liberal Left to Neoliberalism Gave Us Proto-fascism

With Trump, you get “the naked fist of a very frightening police state come down upon us,” warns Chris Hedges. Sharmini Peries: What is your reaction to having Trump as a president? Chris Hedges: Depression, that Trump won, followed by anger at the left for failing, after the passage of NAFTA...
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Michael Hudson on Hillary Clinton and the US Elections

In this clip from our extended interview, Prof. Michael Hudson, economist and author of ‘Killing the Host – How Financial Parasites and Debt Destroy the Global Economy‘, speaks to Ross Ashcroft about the difficult choice faced by Americans in the upcoming US elections. If Hillary Clinton is more capable than...
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Meet the Renegades: Michael Hudson

With every major financial recovery since the second World War beginning in a place of greater debt than the one before it, how could we not have foreseen the financial crisis of 2008? In this episode of Meet the Renegades, economics professor and author, Michael Hudson argues we did. How could...

Can Russia Learn From Brazil’s Fate?

William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the...

UN fears third leg of the global financial crisis – with prospect of epic...

The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal...

The Transatlantic Trade Deal TTIP May Be Dead – Something Even Worse Is Coming

Is it over? Can it be true? If so, it’s a victory for a campaign that once looked hopeless, pitched against a fortress of political, corporate and bureaucratic power. TTIP – the Transatlantic Trade and Investment Partnership – appears to be dead. The German economy minister, Sigmar Gabriel, says that...

Why a forgotten 1930s critique of capitalism is back in fashion

Seventy years ago the thinkers and writers of the Frankfurt School warned of capitalism's drift towards a cultural apocalypse. Has it already happened, but we’ve been too uncritical to notice? In Jonathan Franzen’s 2001 novel The Corrections, Chip Lambert liquidates his library. He sells off his collection of Frankfurt School...

Tens of millions of Indian workers strike in fight for higher wages

State banks and power stations shut and public transport halted in some states as public sector workers take industrial action. A nationwide strike by tens of millions of Indian public sector workers has been hailed by union officials as “the world’s largest ever” industrial action, and cost the economy up...

Will Russia Reject Neoliberalism?

According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, its economy would be far ahead of where it stands today. It would have avoided most...

The problem with Europe is the euro

In this extract from his new book, the Nobel prize-winning economist argues that if the euro is not radically rethought, Europe could be condemned to decades of broken dreams. Europe, the source of the Enlightenment, the birthplace of modern science, is in crisis. This part of the world, which hosted...

Putin: Nyet to Neo-liberals, Da to National Development

After more than two years of worsening economic growth and an economy struggling with 10.5% central bank interest rates that make new credit to spur growth virtually impossible, Russian President Vladimir Putin has finally broken an internal factional standoff. On July 25 he mandated that an economic group called...

The IMF Confronts Its N-Word

The International Monetary Fund admits that it’s time to discard some of the old neoliberal dogmas. The research department of the International Monetary Fund dropped a political bombshell last month. The furor was set off by the publication of an article — “Neoliberalism: Oversold?” — that sparked a near-panic among...
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French Labor Law, Brexit, and Greek Austerity: Class War Against European Workers

Economist Richard Wolff says the old European elite believed it could fix their broken capitalism on the backs of the masses and that has proved to be a fatal mistake. Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting Professor...

The Roots of Brexit

In their quest for the Conservative leadership, two rival Eton schoolboys have managed to take the United Kingdom out of the European Union—the first by calling for a referendum in 2013 in order to consolidate his hold over the leadership, and the second by joining the leadership of the...

The Neoliberal Prison: Brexit Hysteria and the Liberal Mind

The enraged liberal reaction to the Brexit vote is in full flood. The anger is pathological – and helps to shed light on why a majority of Britons voted for leaving the European Union, just as earlier a majority of Labour party members voted for Jeremy Corbyn as leader. A...

European Union’s Imperial Overreach

While few analysts are putting it this way, the European Union suffers from a self-inflicted crisis of overexpansion — a form of “imperial overstretch,” if you will. The Brexit vote was just the latest symptom of this policy disaster, which also includes escalating confrontations with Russia and the ongoing...
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How Western Military Interventions Shaped the Brexit Vote

Michael Hudson argues that military interventions in the Middle East created refugee streams to Europe that were in turn used by the anti-immigrant right to stir up xenophobia. Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The...

Brexit is a fake revolt – working-class culture is being hijacked to help the...

Leaving the EU won’t guarantee a rise in wages, a cap on rents, or a fall in NHS waiting times and class sizes. The only thing it guarantees is more right-wing Tory control. I love fake revolts of the underclass: I’m a veteran of them. At secondary school, we had...

The progressive argument for leaving the EU is not being heard

Europe has been moving in a direction that right-wing Conservatives would tend to support. It is now nearly nine years since the problems of three hedge funds heralded the arrival of global financial and economic chaos. Britain’s EU referendum this week is the latest manifestation of that crisis. That is not...

Neoliberalism: Oversold?

Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion Milton Friedman in 1982 hailed Chile as an “economic miracle.” Nearly a decade earlier, Chile had turned to policies that have since been widely emulated across the globe. The neoliberal agenda—a label used more by...

Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth

Top International Monetary Fund researchers concede austerity, privatization & deregulation can hurt more than help. The world’s largest evangelist of neoliberalism, the International Monetary Fund, has admitted that it’s not all it’s cracked up to be. Neoliberalism refers to capitalism in its purest form. It is an economic philosophy espoused by...

The end of Pipeline Politics?

Pipelines are the most favoured, common way of gas transportation across the world. Physical limitations to alternative ways of trading, geographical proximity, and political and economic reasons account for this. In particular, gas can most efficiently be transported if compressed and injected into pipes, rather than converted into other states,...

May 2016 TiSA Publication, WikiLeaks

Today, Wednesday, 25 May 2016, 11:30am CEST, WikiLeaks releases new secret documents from the huge Trade in Services Agreement (TiSA) which is being negotiated by the US, EU and 22 other countries that account for 2/3rds of global GDP. This release includes a previously unknown annex to the TiSA core...

WikiLeaks Reveal Brazil’s New Coup President Is US Informant

Senate-imposed President of Brazil Michel Temer met with U.S. Embassy staff on at least two occasions to brief them on the country's politics. Whistleblower website WikiLeaks described the Senate-imposed President of Brazil Michel Temer as a “U.S. Embassy informant” in a tweet and provided two links where Temer's candid thoughts...

Brazil’s Democracy to Suffer Grievous Blow as Unelectable, Corrupt Neoliberal Is Installed

In 2002, Brazil's left-of-center Workers’ Party (PT) ascended to the presidency when Lula da Silva won in a landslide over the candidate of the center-right PSDB party (throughout 2002, “markets” were indignant at the mere prospect of PT’s victory). The PT remained in power when Lula, in 2006, was re-elected in...

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