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How pervasive behavioral disorders among what passes for elites are destructive not just to the social order but ultimately to them too.
Is there any way back from the extreme concentration of power in societies across the world?
I propose that the world is upside down, that the way we live is the opposite of what we’re told it is: we don’t experience Progress, we experience Anti-Progress. My five most rece...
Short seller David Einhorn's saying, "No matter how bad you think it is, it's worse" particularly applies to Trump's economic schemes.
In case you did not get the memo, human capital is now officially inferior.
These dynamics and the incentives they generate lead to systemic crisis and collapse. As I noted in What Once Explained Everything Now Explains Nothing, the simplicity of either-or...
Can hypersociality help reconcile obvious elite stupidity with top-down conspiracy theories?
The problem with durable, low-maintenance, low-operating cost technologies is self-evident: they’re not as profitable as planned obsolescence or extracting monthly fees from owners...
R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system
The inability to build wealth rarely stems from a single bad decision. It erodes through small habits repeated for years without anyone stopping to look at them. Working-class fami...
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
A steady job used to be enough for you to buy a house, raise a family, and retire with something left over. That promise has quietly broken down over the past few decades. In its p...
Satyajit Das looks at the big stressors on the global economy and find that governments will be unable to do much to alleviate them.
Sadly, trying to tax wealth directly is not what it is cracked up to be. But there are other approaches that are viable.
The Trump firing of the BLS chief imposed costs by lowering faith in official statistics and increasing uncertainty.
Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.
Most people assume the difference between the upper and working classes is a matter of income. It goes far deeper than a paycheck. The real separation isn’t how much money each gro...
Humans have a strong, evolution-based desire for fairness and equality, yet they are more and more neglected in policy design.
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