Submitted by sarahadams on
It is not hyperbole to say that the world’s richest man has now illegally seized control of America’s checkbook and the entire federal workforce.
Michael Hudson
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Michael Hudson
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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.
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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.
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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.
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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.
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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.
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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.
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The Road to Serfdom, Part I
This is not what was envisioned at the peak of the Industrial Revolution.
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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.
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Over the next four years, we’re about to be inundated with a flood of lies—including from federal agencies themselves.
We have to be smart in how we fight against Trump and the Republican Party this time around. That means picking our battles wisely, and not taking bait that’s dangled in front of our faces.
Over the next two years, Democrats have the unfettered ability to be an albatross around the neck of the GOP — and to make sure that what little they manage to get done due to their paper-thin majorities becomes the reason for their undoing.
This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.
It is not hyperbole to say that the world’s richest man has now illegally seized control of America’s checkbook and the entire federal workforce.
Over the next four years, we’re about to be inundated with a flood of lies—including from federal agencies themselves.
We have to be smart in how we fight against Trump and the Republican Party this time around. That means picking our battles wisely, and not taking bait that’s dangled in front of our faces.
The way the urban commons create a space to solve material problems and enable social movements to forge city-wide networks are antidotes to people being attracted towards the far-right.
Over the next two years, Democrats have the unfettered ability to be an albatross around the neck of the GOP — and to make sure that what little they manage to get done due to their paper-thin majorities becomes the reason for their undoing.
This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.
Posted 1 month 3 weeks ago
Over the next two years, Democrats have the unfettered ability to be an albatross around the neck of the GOP — and to make sure that what little they manage to get done due to their paper-thin majorities becomes the reason for their undoing.
Posted 1 month 5 hours ago
Over the next four years, we’re about to be inundated with a flood of lies—including from federal agencies themselves.
Posted 1 week 1 day ago
We have to be smart in how we fight against Trump and the Republican Party this time around. That means picking our battles wisely, and not taking bait that’s dangled in front of our faces.
Posted 2 weeks 2 days ago
The way the urban commons create a space to solve material problems and enable social movements to forge city-wide networks are antidotes to people being attracted towards the far-right.
Posted 2 weeks 2 days ago
The way the urban commons create a space to solve material problems and enable social movements to forge city-wide networks are antidotes to people being attracted towards the far-right.
We have to be smart in how we fight against Trump and the Republican Party this time around. That means picking our battles wisely, and not taking bait that’s dangled in front of our faces.
