The Unz Review - Mobile
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
Show by  
Email This Page to Someone

 Remember My Information



=>
Topics Filter?
2016 Election American Media Banking Industry Banking System Business Capitalism China Debt Dollar Donald Trump Economic Theory EU Euro Eurozone Federal Reserve Financial Bailout Financial Crisis Financial Sector Free Trade Global Warming Gold Greece Housing Iceland IMF Immigration Inequality Japan Latin America Latvia Minimum Wage Neoliberalism Oil Poverty Privatization Radio Interviews Reprint Russia The Insiders Economic Dictionary Trade TV Ukraine Unemployment Wall Street Washington Consensus 2004 Election 2008 Election 2010 Election 2012 Election 9/11 Academia Affirmative Action Afghanistan Africa Agriculture AIPAC Airports Al Jazeera Alan Greenspan Alan Nasser ALCA Alibaba Alzheimers Amazon.com American Debt American Default American Military American Pravda American Prisons Ancient Near East Animal Rights Anti-Semitism Antiracism Antitrust Appalachia Apple Argentina Argentina Default Article Artificial Intelligence Asian Financial Crisis Austerity Australia Auto Industry Auto Loans Automation Automobile Sales Baltimore Riots Banking Banks Barack Obama Bear Stearns Ben Bernanke Benjamin Netanyahu Bernie Sanders Bilingual Education Billionaires Bitcoin Bitcoins Black Crime Blacks Boeing Bolivia Books Brazil Brexit BRICs Brighton Britain Bubble & Beyond Bush Business School Canada Cancer Catholic Church Catholicism Cell Phones Censorship Charles Murray Charlie Hebdo Chicago School Chile China/America China Stock Market Meltdown Chinese Christine Lagarde CIA Cindy Sheehan Class Warfare Classical Economics Coal Cockburn Family Colonialism Conflict Of Interest Conservative Movement Consumer Debt Corruption Cost Accounting Counterpunch Cover Story Crime Cuba Currency Speculation Cyprus Dallas Shooting David Petraeus David Stockman Death Penalty Deep State Defense Budget Deficits Deflation Democracy Now! Democratic Party Deregulation Detroit Development Developmental Noise Dick Cheney Dictatorship Dominique Strauss-Kahn Donald Rumsfeld Drug Cartels Drugs Dubai Eastern Europe Ebola Economic History Economic Sanctions Economics Ed Miller Education Edward Snowden Edwin O. Reischauer Electric Cars Elon Musk Emigration Empire Employment Energy Environment Environmentalism Eurasia Europe European Union Event Ex-Im Bank Facebook Fake News Farming FAZ Finance Financial Bubbles Financial Debt Financial Times FIRE Flat Tax For Profit Schools Foreign Investment Fossil Fuels Fracking France Franz Boas Fukushima Gay Marriage Gender Gene-Culture Coevolution Geo-Politics George Soros Germany Glass-Steagall Globalism Globalization GMO Goldman Sachs Google Gordon Brown Government Debt Government Shutdown Government Spending Government Stimulus Government Surveillance Great Depression Great Recession Greg Cochran Gregory Clark H-1B H1-B Visas Hacking Haiti Harvard Health Henry George Henry Harpending Henry Paulson Hillary Clinton Hispanics HSBC Huey Long Hugo Chavez Hurricane Katrina Illegal Immigration Imperialism Income Tax India Inflation Infrastructure Interest Iran Iran Nuclear Agreement Iraq Ireland Israel Israel Lobby Italy Ivy League Jeff Sommers Jeremy Corbyn Jews John Brennan John Kerry Joseph Stiglitz Karl Rove Killing The Host Korea Kroger Co. Labor Labor Day Land Larry Summers Las Vegas Laurence Fink Lee Kuan Yew Lehman Brothers Liberalism Libertarianism Lindsey Graham Lombok Strait Low Wages Madoff Swindle Malacca Strait Manufacturing Margaret Thatcher Mark Carney Markets Marx Marxism Max Keiser Meat Medicine Meritocracy Merkel Mexico Michael Hudson Michigan Middle East Minorities MMT Modern Money Theory Mohammed Bin Salman Money Supply Monopoly Mortality National Debt Nationalism NATO Neocons Neoconservatives New Silk Road New York City New York Times Nicholas Wilson Nobel Prize North Korea Norway Nuclear Energy Nuclear Weapons Obama Obamacare Obscured American Occupy Wall Street Oil Industry Olympics One Percent Opioids Ottoman Empire Outsourcing Oxytocin Panama Papers Paul Krugman Paul Samuelson Peak Oil Penny Pentagon Phil Rushton Pinochet Plutocracy Poland Police State Political Correctness Pollution Ponzi Scheme Populism Post-Communism Postindustrialism Prescription Drugs Prizatization Productivity Propaganda Property Tax Prostitution Protectionism Prudential Insurance Psychology Public Enterprise Public Schools Publishing Race Radio Radio Interview Real Estate Refugee Crisis Renegade Economists Renewable Energy Rentier Republican Party Republicans Reuel Gerecht Review Robots Ron Paul Ron Unz Rupert Murdoch Samsung Saudi Arabia Scotland Scott Ritter Shanghai Cooperation Organisation Shanghai Stock Exchange Sheldon Adelson Silicon Valley Simon Patten Singapore Smoking Soccer Social Security Socialism Solar Energy Sony South China Sea Spain Stanford Steven Mnuchin Student Debt Student Loans Supply-Side Economics Sweden Switzerland Syria Syriza Tax Tax Cuts Tax Evasion Taxes Tea Party Technology Terrorism Tesla The Economist Third World Thorstein Veblen Timothy Geithner Tobin Tax Toshiba TPP Trade Surplus Trump TTIP Tuition UKIP Unions University Admissions USA Veblen Venezuela Vietnam Vioxx Vladimir Putin Vouchers Walmart Warren Buffet Welfare Welfare State White America White Americans White Death Workers Working Class World Cup World Restaurants World War II WTO YouTube
Nothing found
 Most RecentEconomics Archive
/
Neoliberalism

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New Reply
This is the lecture I would have given if I had been able to accept the invitation to address the St. Petersburg Economic Conference in Russia this weekend. Executive Summary: From the standpoint of Russia’s dilemma, this is an important column. Putin’s partial impotence via-a-vis Washington is due to the grip that neoliberal economics exercises... Read More
Readers ask me how they can learn economics, what books to read, what university economics departments to trust. I receive so many requests that it is impossible to reply individually. Here is my answer. There is only one way to learn economics, and that is to read Michael Hudson’s books. It is not an easy... Read More
shutterstock_320790023
The West’s Finance-Capitalist Road
May 5-6, 2018 Lecture Second World Marxism Conference Peking University, School of Marxist Studies Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and... Read More
French railroad workers
The Deep Meaning of the French Railroad Strikes
The current series of railroad strikes in France are portrayed in the media as “labor unrest”, a conflict between the government and trade union leaders, or as a temporary nuisance to travelers caused by the self-interest of a privileged category of workers. In Anglo-American media, there is the usual self-satisfied tongue-clicking over “those cheese-eaters, always... Read More
Photo by Francisco Osorio | CC BY 2.0
Thank God for the corporate media. If it wasn’t for them, and the ADL, I’d have probably never discovered that I’m a Nazi. Apparently, I’ve been one for quite some time … which is weird, as I had no idea. Here I was, naively believing that I’d been writing about global capitalism and the realignment... Read More
Outlook for the 1% (and the Democratic Party split), 2018
Low interest rates, "quantitative easing," and the mitigation of antitrust laws led to more mergers and acquisitions in 2017, but that's only going to fuel greater wealth inequality and tighten the corporate grip on the political system, explains economist Michael Hudson. GREGORY WILPERT: Welcome to The Real News Network. I'm Gregory Wilpert coming to you... Read More
paul-ryan-better-way
As we move into 2018, I am swinging away from the Republicans. I don’t support the Paul Ryan “Better Way” agenda. I don’t support neoliberal economics. I think we have been going in the wrong direction since the 1970s and don’t want to continue going down this road. Opioid Deaths: As we all know, the... Read More
shutterstock_237229381
Class Struggle and Imperial Wars as the Motor Force of US History
Introduction The American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state. Between the mid 1970’s to the present (2017) labor laws, welfare rights and benefits and the construction of and subsidies for affordable housing... Read More
shutterstock_672868903
Shake Up and Shake Down
Introduction Major changes are roiling the states, societies and ruling classes of the biggest industrial economies, oil regimes and military complexes. China is re-allocating its economic wealth toward building the most extensive modern infrastructure system in history, linking four continents. Saudi Arabia is transferring a trillion dollars of pillage from princes to princes, from old... Read More
shutterstock_758998984
Introduction to the German Edition
In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I is that the United States has... Read More
768px-karl_marx
2017 compared to 1917
Socialism flowered in the 19th century as a program to reform capitalism by raising labor’s status an
shutterstock_658199101
An interview with journalist Chris Hedges
On Monday, WSWS International Editorial Board Chairman David North interviewed Chris Hedges, the Pulitzer Prize-winning journalist, author, lecturer and former New York Times correspondent. Among Hedges’ best-known books are War is a Force That Gives Us Meaning, The Death of the Liberal Class, Empire of Illusion: the End of Literacy and the Triumph of Spectacle,... Read More
shutterstock_643458025
It should be called the Leona Helmsley tax plan, only the little people will pay taxes
S. Peries: It's the Real News Network. I'm Sharmini Peries coming to you from Baltimore. A general consensus is emerging that Trump's tax plan, which he presented last Wednesday will benefit mostly the country's upper classes and corporations. In fact the only people that got a tax increase are the poorest taxpayers. A quick scan... Read More
shutterstock_709947790
The fall of 2017 will witness the most brutal assault on working and middle class living standards since the end of World War II. Three presidents and their congressional allies will ‘revise’ labor legislation, progressive income tax laws and regulations and effectively end the mixed economy in France, the US and Brazil. Throughout the summer,... Read More
Photo by Charleston’s TheDigitel | CC BY 2.0
Interview with Vlado Plaga in the German magazine FAIRCONOMY, September 2017. Originally, you didn’t want to become an economist. How did it come that you changed your plans and digged so deep into economics? I found economics aesthetic, as beautiful as astronomy. I came to New York expecting to become an orchestra conductor, but I... Read More
shutterstock_643280980
As a rule I try to see my glass half-full, leaving the half-empty one to other fellows. And now there are some good reasons for an eternal optimist to stick to his positive schedule. Though it tarried, the summer has come, after all, to the North. The skies are blue, the grass is green and... Read More
I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have... Read More
shutterstock_620130767
Introduction Every day and throughout the world we read and hear of turmoil, of threats, violence, divisions, wars for peace and peace for wars, freedom as oppression and oppression as freedom. In a world where words have lost their meanings and meanings have no words, how do we go about understanding turmoil? Surely, economies rise... Read More
KIM BROWN: Welcome to The Real News Network in Baltimore. I'm Kim Brown. Donald Trump promised repeatedly to, "Drain the swamp," during his presidential campaign, his vow to end the cycle of corruption within the Federal government. All while touting his own experience as a businessman, as reason enough for him to be Commander-in-Chief. Yet,... Read More
If you want to learn real economics instead of neoliberal junk economics, read Michael Hudson’s books. What you will learn is that neoliberal economics is an apology for the rentier class and the large banks that have succeeded in financializing the economy, shifting consumer spending power from the purchase of goods and services that drive... Read More
I just had a disastrous and embarrassing interaction with Bloomberg, and feel that I was ambushed and sandbagged by having my comments taken out of context in a hit piece Bloomberg’s journalists wrote on Venezuela – evidently trying to distort my own views in a two-for-one job. On Monday, March 27, I received a message... Read More
shutterstock_327841346
The undeniable success of Venezuela’s Hugo Chavez must have been especially aggravating to the world’s oldest billionaire, David Rockefeller, who died in his sleep last week at 101. The Rockefellers and their Standard Oil essentially ran Venezuela for decades, deciding on not just US ambassadors but Venezuela’s national policies. Until 1951 Standard Oil’s Venezuela branch... Read More
shutterstock_578872579
An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices. Berke’s article reveals how the US intends to maintain and extend its hegemony by breaking up the alliance between Russia, Iran, and China,... Read More
Lula da Silva and Dilma Rousseff CC BY 3.0 br
Brazil under Lula Da Silva 2003-2010
Introduction: Leftwing academics, writers and journalists have written tendentious articles where they manage to transform reactionary political leaders into working class heroes and present their dreadful policies as progressive advances. Recently, leftist pundits throughout US and Latin America have plagued the reading public with gross distortions of historical events contributing, in their own way, to... Read More
shutterstock_292748141-2
It’s Time for the Clintons, Rubin to Go – and Soros too
In the week leading up to last Tuesday’s election the press was busy writing obituaries for the Republican Party. This continued even after Donald Trump’s “surprising” victory – which, like the 2008 bank-fraud crash, “nobody could have expected.” The pretense is that Trump saw what no other politician saw: that the economy has not recovered... Read More
Protectionist Trumponomics vs. Neoliberalism
Donald Trump’s red wave on Election Day was an unprecedented body blow against neoliberalism. The stupid early-1990s prediction about the ‘end of history’ turned into a – possible – shock of the new. The new global nativism? Perhaps a new push towards democratic socialism? Too early to tell. Once again. A body blow, not a... Read More
Alexandr Vorobev / Shutterstock.com
Introduction: Large-scale political and economic challenges are confronting the US multi-national corporate elite. Apple, Google, Facebook, Microsoft, Pfizer and scores of other multinational tax evaders are facing the triple threat of multi-billion dollar fines, the redistribution of their wealth and the possible reintroduction of equitable socio-economic programs, which could undermine their power. Washington-backed exporters and... Read More
Ververidis Vasilis / Shutterstock.com
According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, its economy would be far ahead of where it stands today. It would have avoided most of the capital flight to the... Read More
shutterstock_380274874
GREGORY WILPERT, TRNN: Welcome to the Real News Network. I'’m Gregory Wilpert, coming to you from Quito, Ecuador. Britain'’s referendum in favor of leaving, or exiting, the European Union, the Brexit referendum, as the results are known, won with 52 percent of the vote on Thursday, June 23, stunning Europe’s political establishment. One of the... Read More
shutterstock_75145030
Neoliberal policy will pressure U.S. citizens to emigrate, just as it caused millions to leave Russia, the Baltic...
A research team from Columbia University’s Mailman School of Public Health in New York estimates 875,000 deaths in the United States in year 2000 could be attributed to social factors related to poverty and income inequality. According to U.S. government statistics, 2.45 million Americans died in the same year. When compared to the Columbia research... Read More
shutterstock_294725510
Introduction: What does it mean when the US and British financial systems launder hundreds of billions of dollars of illicit funds stolen by world leaders while their governments turn a ‘blind eye’, and yet the very same Anglo-American officials investigate, prosecute, fine and arrest officials from rival governments, rival banks and political leaders for corruption?... Read More
Germany’s Assault On The IMF
Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion . The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The... Read More
The privatization movement and the deregulation movement have turned out to be failures. Privatization in Britain under the Thatcher government had its origin in the belief that the absence of incentivized managers and shareholders with a stake in the bottom line resulted in nationalized companies operating inefficiently, with their losses covered by government like the... Read More
In my archives there is a column or two that introduces the reader to John Perkins’ important book,Confessions of an Economic Hit Man. An EHM is an operative who sells the leadership of a developing country on an economic plan or massive development project. The Hit Man convinces a country’s government that borrowing large sums... Read More
shutterstock_49447630
NOTE: Readers are asking to know who, in addition to the Western-financed NGOs, are the Fifth Columnists inside Russia. Michael Hudson and I left the description general as Atlanticist Integrationists and neoliberal economists. The Saker provides some specific names. Among the Fifth Columnists are the Russian Prime Minister, head of the Central Bank, and the... Read More
Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the rest are neoliberals, who are not economists but shills for financial interests. If you have not heard of Michael Hudson it merely shows the power of the Matrix.... Read More
shutterstock_84167848
Myself, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of the International Monetary Fund (IMF). Third World countries were and are looted by being inticed into development plans for electrification or some such purpose. The... Read More
shutterstock_131518544
One hundred years ago European civilization, as it had been known, was ending its life in the Great War, later renamed World War I. Millions of soldiers ordered by mindless generals into the hostile arms of barbed wire and machine gun fire had left the armies stalemated in trenches. A reasonable peace could have been... Read More
shutterstock_266930384
As Russia and Asia move to circumvent the stranglehold of an aging, U.S. dominated international financial and legal system with its promise of endless austerity and privatization by foreign investors, the IMF and World Bank double-down by making it more difficult for them to transact business and administer credit. A nightmare scenario of U.S. geopolitical... Read More
Introduction: Pundits and commentators on the Left and Right are pronouncing ‘the end of the progressive cycle in Latin America’. They cite the recent presidential elections: 1. Argentina, where hard-right Mauricio Macri was elected; 2. Brazil, where President Dilma Rousseff has appointed a neo-liberal ‘Chicago Boy’ economist, Joaquin Levy, as Finance Minister and launched an... Read More
Lawrey / Shutterstock.com
Distortion, Fabrication and Falsification in the Financial Press
Introduction: With the collapse of the Communist countries in the 1990’s and their conversion to capitalism, followed by the advent of neo-liberal regimes throughout most of Latin America, Asia, Europe and North America, the imperial regimes in the US and EU have established a new political spectrum, in which the standards of acceptability narrowed and... Read More
arindambanerjee / Shutterstock.com
A major cause of contemporary political ills in the world is the misnomers that help hide what the strong and rich aspire to and already control. A perfect example of this is the ubiquitous term ‘trade’ in what the media are telling us these days about the TPP and the TTIP – the transpacific and... Read More
shutterstock_232581607
The Disasters of Neoliberalism
The following is a transcript of CounterPunch Radio – Episode 19(originally aired September 21, 2015). Eric Draitser interviews Michael Hudson. Eric Draitser: Today I have the privilege of introducing Michael Hudson to the program. Doctor Hudson is the author of the new bookKilling the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy,... Read More
Introduction:The post neo-liberal regimes which flourished in five Latin American countries in the first decade of the 21st century were a product of three inter-related historical processes. The breakdown of the neo-liberal development model, which in turn ignited mass popular movements for radical political-economic transformations; the incapacity of the mass movements to produce a viable... Read More
Interview on the Real News. Visit their page to watch it. Sharing disabled. The Hudson Report: Europe’s effort to join the US in isolating Russia has backfired, it makes no sense to build an oil and gas pipeline for Russian exports that would be owned and leased to them by the US and Europe. SHARMINI... Read More
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. President Vladimir Putin is on his way to India to discuss a gas and arms deal. Last week, he was in Turkey talking about diverting what was to be a South Stream pipeline away from Southern... Read More
Introduction: The Brazilian working class is facing the most savage assault on its living standards in over a decade. And it is not just the industrial workers who are under attack. The landless rural workers, public and private salaried employees, teachers and health professionals, the unemployed and the poor are facing massive cuts in income,... Read More
U.S. New Cold War policy has backfired – and created its worst nightmare 1. The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia. The result is the opposite... Read More
Butlers Selling the Public’s Silver….A Dress Rehearsal for Hillary?
The Koch Brothers are the closest thing the United States has to Russia’s oligarchs. They fuse ownership of the economy and state, using the latter to enrich themselves while making private gains through the public’s losses. Their idea of a “market economy” is to buy government officials and the assets they privatize at giveaway prices.... Read More
The latest instalment of the Hudson-Keiser interview series, this time on Russian sanctions and the affect on the US dollar subsidy. How many times can America hurt it’s economic prospects? Read my book the Super Imperialism to understand how the 1972 trends play out.
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution