The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Neoliberalism

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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
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Sometime circa late July, as the hundreds of thousands of de facto vassals that cater to the needs of New York City’s simulated aristocracy were navigating the sweltering hell that subway system has recently become, approximately one hundred miles to the east, deep in the heart of Resistance territory, where villas rent for up to... Read More
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This year the Dead Zone in the Gulf of Mexico is expected to grow larger than ever. Oceanologists predict the lifeless expanse of water below the Mississippi River Delta will swell to an area bigger than the state of Vermont, an aquatic ecosystem despoiled by industrial fertilizers, pesticides, herbicides, oil leaks and the lethal effects... 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
Photo by Sarah Marshall | CC BY 2.0
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
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
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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
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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
The Queen Mother of Global Austerity and Financialization
We typically honor the convention to refrain from speaking ill of the recently departed. But Margaret Thatcher probably would not object to an epitaph focusing on how her political legacy was to achieve her professed aim of “irreversibly” dismantling Britain’s public sector. Attacking central planning by government, she shifted it into much more centralized financial... Read More
As published in Counterpunch The Democrats could not have won so handily without the Citizens United ruling. That is what enabled the Koch Brothers to spend their billions to support right-wing candidates that barked and growled like sheep dogs to give voters little civilized option but to vote for “the lesser evil.” This will be... Read More
Why Bondholders Can’t – and Shouldn’t – be Paid
The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that has been forced on Greece and Spain – and... Read More
A landmark fight is occurring this Saturday, April 9. Icelanders will vote on whether to subject their economy to decades of poverty, bankruptcy and emigration of their work force. At least, that is the program supported by the existing Social Democratic-Green coalition government in urging a “Yes” vote on the Icesave bailout. Their financial surrender... Read More
Debt Defaults, Austerity, and Death of the “Social Europe” Model
A spectre is haunting Europe: the illusion that Latvia’s financial and fiscal austerity is a model for other countries to emulate. Bankers and the financial press are asking governments from Greece to Ireland and now Spain as well: “Why can’t you be like Latvia and sacrifice your economy to pay the debts that you ran... Read More
The “New Austerity” Road
Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of the Socialist International) and... Read More
The Friedman Institute upgrades Theology to condone Neoliberal Greed. What would Jesus Say?
Many academics recently received a petition signed by 111 University of Chicago faculty members, explaining that “without any announcement to its own community, [the University] has commissioned Ann Beha Architects, a Boston firm, to remake the Chicago Theological Seminary building into a home for the Milton Friedman Institute for Research in Economics (MFIRE) and has... Read More
The wealthy won’t pay their taxes, so labor must do so.
As published in Counterpunch The “Greek bailout” should have been called what it is: a TARP for German and other European bankers and global currency speculators. The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into a kind of escrow account for the Greek government to pay... Read More
CounterPunch Diary
Hope walks arm in arm with fear, and so naturally enough Candidate Barack Obama is now reminding us, a la Roosevelt, that we have nothing to fear but fear itself and we must all pull together in a spirit of bipartisanship. Wrong. We have many identifiable things to be frightened of, starting with a bailout... Read More
CounterPunch
Leftists used to think that at least as a general axiom, if not by a precise deadline, capitalism was doomed. When I first arrived in the United States in the early 1970s, there was enough exuberance in the air even for mild-mannered reformers to be pushing plans for the abolition of the Federal Reserve, World... Read More
Travels with Sainath, Being an Indian Diary, of Third of Three Parts
April 4 Sainath tells me he’s had difficulty sleeping since he covered the suicides in Andhra Pradesh from the late 90s on. All told, he’s visited 300 families in which a suicide has occurred. How did it all begin? From the early 90s forward, zero investment and a collapse of credit ravaged Indian agriculture. The... Read More
Travels with Sainath, Being an Indian Diary, First of Three Parts
March 25, 2005 Mumbai’s an old-style airport, unlike Hong Kong’s, which is the last word in modernity, where you can rent a cubicle, have a shower and a snooze, and fancy yourself an upscale member of the traveling classes. Here in Mumbai I meet Sainath, and off we go in a diesel Toyota taxi; I... Read More