8 June 2020 — American Herald Tribune
Mohsen Abdelmoumen: Can Europe survive the Covid-19 crisis?
13 September 2019 — Michael Roberts
All our wealth has been stolen by big finance and in doing so big finance has brought our economy to its knees. So we must save ourselves from big finance. That is the shorthand message of a new book, Stolen – how to save the world from financialisation, by Grace Blakeley.
25 May 2019 — MROnline
by George Fish
Alan Nasser’s Overripe Economy is a profound historical look at the U.S. economy from the 1870s on that not only brings the lessons of its history and development up to the present, but offers deep insights into the economic bases for its “degeneration” from rapacious but productive capitalism to its present financialized capitalism replete with secular stagnation and reliance on debt, credit, and financial bubbles rather than production as such. Capitalist profit now comes not from production of “widgets” as Nasser calls them, but increasingly, from financial speculation and emoluments for the already very rich. The result for the working class is massive inequality and the fall from secure full-time employment generally into the current, seemingly permanent, workforce precariat.
6 March 2019 — True Publica
By Robert Woodward – TruePublica: A seriously important and highly credible study was published five months ago last October. It was completely ignored by all of the mainstream media. Not one took the opportunity to publish the stunning revelations for fear of what might happen if they did. The report has unpalatable political consequences for the government – in fact, both Labour and Tory are implicated by the exposure of this colossal crime.
23 January 2019 — theplanningmotivedotcom
One of the strongest arguments used by the hard Brexiteers is that the decision to leave Europe has not collapsed the UK’s economy as many had predicted. The reason why this has not happened is because Big Capital is not convinced Britain will be leaving the EU, which means leaving the customs union and/or the single market. Three months from the supposed exit date the political process of leaving is stalemated. Many “Leavers”now recognise they have been stitched up. Like surgeons facing a pair of mature Siamese twins, the politicians on both sides do not know where to make the first incision or even if the twins will survive the operation because they share so many common organs.
As HMS BrexitBrittania looks ever more likely to head in the same southerly direction as mothership Titanic, there is one backstop where all parliamentarians can agree – The City of London, often referred to as Britain’s second empire, must be saved at all costs.
21 September 2018 — Spider’s Web
At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance. Continue reading
25 August 2015 — The Real News Network
Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.
16 May 2014 2014 — Naked Capitalism
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “The Bubble and Beyond.” This article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.
15 May 2014 — Washington’sBlog
Is the top 10% up to the task of borrowing and blowing enough money to prop up a debt and bubble-dependent economy?
Since the entire economy depends on consumption for its “growth,” and discretionary consumption is financed with either cash or debt, that leads to two questions: 1) who has cash to spend on non-essentials and 2) who is credit-worthy enough to borrow money for non-essentials?
3 March 2014 — Leftstreamed
Costas Lapavitsas teaches economics at the School of Oriental and African Studies, University of London. He has done research in the political economy of money and finance, the Japanese economy, the history of economic thought, economic history, and the contemporary world economy. During the last three years his interests have focused on the Eurozone crisis, and he has undertaken research on it with a group of researchers associated with Research on Money and Finance at SOAS. His longer term research interests, however, include the financialization of capitalism, its characteristic trends, variable forms and manifold implications for contemporary society. Continue reading
12 June 2013 — New Left Project
Leo Panitch and Sam Gindin’s long-awaited The Making of Global Capitalism, said to be ten years or more in the making, is ‘about globalisation and the state’. More precisely, Panitch and Gindin use its 450 pages to provide an important, informative, and well-written account of the predisposing factors, emergence, expansion and transformations, of global capitalism, as seen through the lens of the strategic actions of the US federal government.