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A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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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
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The shocking election result in the United Kingdom – the Conservatives losing their majority and the creation of a hung Parliament; and Jeremy Corbyn being more successful than any recent Labor candidate – cutting a 20 point Theresa May lead down to a near tie – gives hope to many that the global shift to... Read More
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The Winners-Take-All Regime of Emmanuel Macron
A ghost of the past was the real winner of the French presidential election. Emmanuel Macron won only because a majority felt they had to vote against the ghost of “fascism” allegedly embodied by his opponent, Marine Le Pen. Whether out of panic or out of the need to feel respectable, the French voted two... Read More
Reversing Five Decades of Working-Class Power
Introduction: Whatever has been written about President Emmanuel Macron by the yellow or the respectable press has been mere trivia or total falsehood. Media lies have a purpose that goes beyond Macron’s election. Throughout Europe and North America, bankers and manufacturers, NATO, militarists and EU oligarchs, media moguls and verbal assassins, academics and journalists, all... Read More
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America’s Great Leap Backwards
Introduction: For almost 50 years, the US economy and society has taken a great leap backward - accelerating during the past three Presidencies. Not only have we experienced the reversal of past socio-economic legislation, but also our presidents and Congress have dragged us into multiple aggressive wars. Now, the threat of a nuclear attack against... Read More
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For Russians, "Aurora" is not the Goddess of Dawn; it is first of all the battleship Aurora, the legendary cruiser whose thundering salvo over the Winter Palace had started the Russian Revolution in November 1917. Recently I participated in a conference commemorating the 100th anniversary of the Russian Revolution in the Mirror of World Left... Read More
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Introduction: Every day in unimaginable ways, prominent leaders from the left and the right, from bankers to Parisian intellectuals, are fabricating stories and pushing slogans that denigrate presidential candidate Marine Le Pen.… They obfuscate her program, substituting the label ‘extremist’ for her pro-working class and anti-imperialist commitment. Fear and envy over the fact that a... Read More
The ‘Traitor of the Year Award’
Introduction: While the Right faithfully supports the policies and interests of its ruling class supporters, the Left has systematically betrayed their political platform promises and deceived its working class, salaried employees, small business and regional supporters. Historic reversals have happened in rapid succession by Leftist leaders, including greater oligarch control over the economy, more dictatorial... 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
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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
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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
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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
In 2008, the American people voted overwhelmingly for change. They never got it. Hence, Trump. To pretend there's no connection between Obama's failed presidency and the subsequent rise of Donald John Trump, is to ignore the obvious and shrug off responsibility for the situation the country is in today. Obama created Trump, the man didn't... Read More
On several occasions I have asked in my columns the rhetorical question: What became of the left? Today I answer my question. The answer is that the European and American left, which traditionally stood for the working class and peace (bread and peace) no longer exists. The cause championed by those who pretend to be... Read More
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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
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While the word was focused in rapt attention on the outcome of the US Presidential election, Vladimir Putin did something quite amazing – he arrested Alexei Uliukaev, Minister of the Economy in the Medvedev government, on charges of extortion and corruption. Uliukaev, whose telephone had been tapped by the Russian Security Services since this summer,... Read More
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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
Without resorting too much to the wisdom of the ancient Greek myths, we have come to believe that states, regimes, movements and people finally will emerge to act as the inescapable agents of the justice leading to the downfall of the Western empire ‘Nemesis, Winged balancer of life, dark-faced goddess, daughter of Justice’ Introduction Seven... Read More
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Pre-mature Political and Military Ejaculations
Introduction: Wall Street and the Pentagon greeted the onset of 2016 as a ‘banner year’, a glorious turning point in the quest for malleable regimes willing to sell-off the most lucrative economic resources, to sign off on onerous new debt to Wall Street and to grant use of their strategic military bases to the Pentagon.... Read More
William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the removal of their protector, thereby providing... Read More
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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
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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
Introduction: Amid raging corruption, social pathologies and outright political thuggery, a new gang of vassal regimes has taken-over Latin America. The new rulers are strictly recruited as the protégé’s of US financial and banking institutions. Hence the financial press refers to them as the “new managers” - of Wall Street. The US financial media has... Read More
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Neoliberalism, Interventionism, the Resource Curse, and a Fragmenting World
We live in an age of disintegration. Nowhere is this more evident than in the Greater Middle East and Africa. Across the vast swath of territory between Pakistan and Nigeria, there are at least seven ongoing wars -- in Afghanistan, Iraq, Syria, Yemen, Libya, Somalia, and South Sudan. These conflicts are extraordinarily destructive. They are... Read More
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GREGORY WILPERT, TRNN: Welcome to the Real News Network. I'’m Gregory Wilpert, coming to you from Quito, Ecuador. https://youtu.be/x-MraD1Ys3Q 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... Read More
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Neoliberal policy will pressure U.S. citizens to emigrate, just as it caused millions to leave Russia, the Baltic States, and now Greece in search of a better life.
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. https://youtu.be/tfh6fk3XAQY According to U.S. government statistics, 2.45 million Americans died in the same year. When compared to the Columbia... Read More
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An American Version of Class Struggle
Arising from the shadows of the American repressed, Bernie Sanders and Donald Trump have been sending chills through the corridors of establishment power. Who would have thunk it? Two men, both outliers, though in starkly different ways, seem to be leading rebellions against the masters of our fate in both parties; this, after decades in... Read More
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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
Introduction: The class struggle from above found its most intense , comprehensive and retrograde expression in Argentina, with the election of Mauricio Macri (December 2015). During the first two months in office, through the arbitrary assumption of emergency powers, he reversed, by decree, a multitude of progressive socio-economic policies passed over the previous decade and... Read More
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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
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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
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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
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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
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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
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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
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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
PastClassics
The “war hero” candidate buried information about POWs left behind in Vietnam.
While other top brass played press agents for the administration’s war, William Odom told the truth about Iraq—though few listened.
A thousand years of meritocracy shaped the Middle Kingdom.