Submitted by sarahadams on
Ending fascists’ grip on power not only requires voting them out, but replacing them with the right people.
Michael Hudson
Follow:
Michael Hudson
-
The Road to Serfdom, Part VII
As economies veer out of balance and polarize, rentiers – who rely on other people's debt to sustain their own wealth – aim to deter economies from doing anything to prevent this widening imbalance.
-
The Road to Serfdom, Part VI
Appropriating and expropriating resources is now an autonomous financial dynamic, working more covertly and even in a more democratic political context than military conquest.
-
The Road to Serfdom, Part V
In today's bailout economy, bad bank loans are shifted onto the public balance sheet as wealth is siphoned off to the top of the economic pyramid.
-
The Road to Serfdom, Part IV
For the first time in history, people imagined that the way to get rich was by running into debt, not by staying out of it.
-
The Road to Serfdom, Part III
To understand what made the bubble economy’s credit wave possible, it is necessary to understand how the international financial system was transformed in 1971 when overseas military spending forced the U.S. dollar off gold.
-
The Road to Serfdom, Part II
Today’s financial power to set tax policy, make and enforce the law, and disable public regulation reflects the weakness of industrial capitalism in the face of the vested interests that have fought progressive reform since the 1870's.
-
The Road to Serfdom, Part I
This is not what was envisioned at the peak of the Industrial Revolution.
-
Debtor Nation: The Financial War Against the Economy At Large
The weapon in today's financial warfare is no larger military force, but a tactic to load economies (governments, companies and families) with debt, siphon off their income as debt service, then foreclose when debtors lack the means to pay.
Sign Up
Article Tabs
Gerontocracy endangers democracy.
One pressing question is how the worldwide outrage might, and could, spread to his other business interests, not least his largest interest: SpaceX.
There is a real human cost behind cold, calculated “efficiency.”
Musk's unelected role at the forefront of U.S. government, and his company's near monopolisation of satellite internet communications, increases his global political and economic power grab, and attacks on democracy.
Ending fascists’ grip on power not only requires voting them out, but replacing them with the right people.
Gerontocracy endangers democracy.
One pressing question is how the worldwide outrage might, and could, spread to his other business interests, not least his largest interest: SpaceX.
There is a real human cost behind cold, calculated “efficiency.”
Musk's unelected role at the forefront of U.S. government, and his company's near monopolisation of satellite internet communications, increases his global political and economic power grab, and attacks on democracy.
In many European countries, the far right holds or shares power. Democracy is in crisis.
Posted 1 month 4 weeks ago
If Trump indeed tanks your 401(k) to make himself and his friends even richer, the opposition party should make that the centerpiece of their attack heading into next year’s election.
Posted 1 month 4 weeks ago
Yarvin saw the “red pill” as the realization that the Enlightenment ideals he came to associate with “the cathedral” and democracy are actually a poison leading to societal decadence and decline.
Posted 1 month 1 week ago
As the American public continues to publicly stand up to the administration, Trump’s grip on power will eventually slip.
Posted 1 month 1 week ago
It is clear that authoritarian fascists, in the United States and elsewhere, do not want education that promotes critical thinking.
Posted 1 month 1 week ago
There is a real human cost behind cold, calculated “efficiency.”
Musk's unelected role at the forefront of U.S. government, and his company's near monopolisation of satellite internet communications, increases his global political and economic power grab, and attacks on democracy.
