It was supposed to be a lunch, but the Swiss businessman was not eating. As his companions tucked into their pasta, Christian Kalin sipped mineral … The Passport King who Markets Citizenship for CashRead more
Economics
Posted inEconomics / News / Poverty / USA Empire
Poor in America needs to unite peacefully with love and vote
This week, the US Census Bureau released 2017 poverty data, reporting that 12.3% live below the federal poverty line. This means that about 40 million … Poor in America needs to unite peacefully with love and voteRead more
Posted inEconomics / Finance / ToMl
Modern Monetary Theory and Positive Money, Part 2: Money and Debt (2)
Why does Positive Money refer to the money created under some of its proposals as ‘debt-free’? According to the principles of MMT, cash is a … Modern Monetary Theory and Positive Money, Part 2: Money and Debt (2)Read more
Posted inEconomics / Fascism / Opinion / Politics
What is fascism?
In modern world, when wealth and power of a country is concentrated in a few businessmen who control the government then that political state is … What is fascism?Read more
Posted inEconomics / Politics / ToMl / USA Empire
The Rule of the Uber-Rich Means Tyranny or Revolution
At the age of 10 I was sent as a scholarship student to a boarding school for the uber-rich in Massachusetts. I lived among the … The Rule of the Uber-Rich Means Tyranny or RevolutionRead more
Posted inEconomics / Inequality / ToMl / USA Empire
An Arena Full of the Richest Americans Would Own as Much Wealth as 70% of the World
That’s 25,000 American adults, about the number of people in a large basketball stadium. That’s the richest .01% of America. Together they own nearly $10 … An Arena Full of the Richest Americans Would Own as Much Wealth as 70% of the WorldRead more
Posted inEconomics / Multimedia / Politics
Running Government Like a Business is Bad for Citizens
Michael Hudson
Posted inCapitalism / Economics / Multimedia
Cheat, Lie, and Steal the Capitalist Way
Michael Hudson
Posted inEconomics / ToMl
Modern money theory: How Wray came to MMT
L. RANDALL WRAY I was asked to give a short presentation at the MMT conference. What follows is the text version of my remarks, some … Modern money theory: How Wray came to MMTRead more
Posted inEconomics / ToMl
City of London costs UK £4.5tn in lost economic growth
A new report reveals the UK’s oversized financial sector has cost the economy £4.5 trillion in lost economic output between 1995 and 2015 – equivalent … City of London costs UK £4.5tn in lost economic growthRead more