Submitted by sarahadams on
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.
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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June 23, 2026 may be remembered as the beginning of the end of the Democratic Party establishment.
Their tactics to force construction of data centers even against significant opposition from local communities have become increasingly forceful and hostile.
Whether Republicans want to be the party of Christianity or the party of worshipping false idols is a question they’ll have to seriously reckon with very soon, unless they want the American electorate to speak for them.
“Storytelling teaches not through instruction, but through imagination and example,” says the Sami artist Máret Ánne Sara. “These stories don’t provide direct answers, but rather the ethical tools to navigate and sustain the world.”
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.
Their tactics to force construction of data centers even against significant opposition from local communities have become increasingly forceful and hostile.
Whether Republicans want to be the party of Christianity or the party of worshipping false idols is a question they’ll have to seriously reckon with very soon, unless they want the American electorate to speak for them.
“Storytelling teaches not through instruction, but through imagination and example,” says the Sami artist Máret Ánne Sara. “These stories don’t provide direct answers, but rather the ethical tools to navigate and sustain the world.”
Their tactics to force construction of data centers even against significant opposition from local communities have become increasingly forceful and hostile.
Posted 1 month 1 week ago
June 23, 2026 may be remembered as the beginning of the end of the Democratic Party establishment.
Posted 4 days 14 hours ago
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.
Posted 4 days 13 hours ago
