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From a pro-democratic perspective, civil society and new media organisations are surging in the aftermath of the Orban regime.
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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The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
The tragic shooting of Lorenzo Salgado Araujo is just the latest example of ICE having a fundamental disrespect for human life — further proving why the agency should be stripped of funding and shut down, and its rank-and-file agents and leadership prosecuted.
While the U.S., EU and their allies are enabling Rojava—the strongest force against Islamic State— to fall, it is vital for internationalists to continue to support this beacon of democracy and liberation.
June 23, 2026 may be remembered as the beginning of the end of the Democratic Party establishment.
The current wave of food recalls is a direct byproduct of President Donald Trump’s administration deliberately removing the safeguards put in place aimed at protecting American consumers more than a century ago.
From a pro-democratic perspective, civil society and new media organisations are surging in the aftermath of the Orban regime.
We can still celebrate success while simultaneously putting a cap on net worth.
The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
Much like the resistance to AI data centers, the opposition to Flock surveillance cameras has brought the left and the right together against billionaires who are trying to force America into becoming even more of a police state.
Much like the resistance to AI data centers, the opposition to Flock surveillance cameras has brought the left and the right together against billionaires who are trying to force America into becoming even more of a police state.
Posted 1 month 1 week ago
The tragic shooting of Lorenzo Salgado Araujo is just the latest example of ICE having a fundamental disrespect for human life — further proving why the agency should be stripped of funding and shut down, and its rank-and-file agents and leadership prosecuted.
Posted 1 month 3 weeks ago
The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
Posted 1 month 1 week ago
We can still celebrate success while simultaneously putting a cap on net worth.
Posted 3 weeks 5 days ago
The current wave of food recalls is a direct byproduct of President Donald Trump’s administration deliberately removing the safeguards put in place aimed at protecting American consumers more than a century ago.
Posted 2 days 9 hours ago
We can still celebrate success while simultaneously putting a cap on net worth.
