Submitted by sarahadams on
The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.
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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Kevin fought to bring truth every day. We must not lose this struggle.
To win the climate argument, advocates must show how Covid-19 bailout funds could be redirected – instead of making similar mistakes as the 2008 financial crisis.
The most analogous failure to the impending economic turbulence is the financial crisis of 2008, caused, primarily, by the deregulation of the financial industry.
Activists are continuing the fight but are exhausted, balancing careers and a movement, that, to most, has become a personal battle.
The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.
Kevin fought to bring truth every day. We must not lose this struggle.
He wrote about crushing debt, pointless jobs and the negative effects of globalization. And he played a leading role in the Occupy Wall Street movement.
To win the climate argument, advocates must show how Covid-19 bailout funds could be redirected – instead of making similar mistakes as the 2008 financial crisis.
The most analogous failure to the impending economic turbulence is the financial crisis of 2008, caused, primarily, by the deregulation of the financial industry.
The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.
Posted 6 days 13 hours ago
Kevin fought to bring truth every day. We must not lose this struggle.
He wrote about crushing debt, pointless jobs and the negative effects of globalization. And he played a leading role in the Occupy Wall Street movement.
