Michael Hudson
Economics
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The Federal Debt Trap: Issues and Possible Solutions
“Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the … The Federal Debt Trap: Issues and Possible SolutionsRead more
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Gautam Adani Added $49 Billion in Wealth in 2021
Gautam Adani, India’s and Asia’s second-richest person, added $49 billion to his wealth last year – more than the net addition of wealth by the … Gautam Adani Added $49 Billion in Wealth in 2021Read more
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Remote Work to Wipe Out $800 Billion From Office Values
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic … Remote Work to Wipe Out $800 Billion From Office ValuesRead more
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The Justice & the Billionaire
growing calls for Supreme Court Justice Clarence Thomas to step down or be impeached. A second damning ProPublica report on his relationship with Republican megadonor … The Justice & the BillionaireRead more
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How Black families are dispossessed of their land
In 2019, I wrote a story for ProPublica, co-published with The New Yorker, about the dispossession of Black landowners in the South. The story looked … How Black families are dispossessed of their landRead more
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The geography of capital
Chaire de David Harvey. Part 1 : La géographie du capital
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Austerity Ruined Europe, and Now It’s Back
The United States is experiencing an investment boom, owing to industrial policies that grant enormous subsidies – including to European firms – for investing in … Austerity Ruined Europe, and Now It’s BackRead more
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From Marxist Monetary Theory to Financialisation
For Marxist monetary theory, and much more besides, an excellent vantage point can be adopted through Oscar Wilde’s famous quip that “A cynic is a … From Marxist Monetary Theory to FinancialisationRead more
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America Defeats Germany for the Third Time in a Century
My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at … America Defeats Germany for the Third Time in a CenturyRead more