One thing that we know with certainty about our time is that no Western government represents the people it rules. Western governments represent the interests of those whose campaign contributions elect the government. The government is simply purchased by campaign contributors. It is not a government in the sense of the word used by Thomas... Read More

Gainesville, Florida – The Center for Medicare and Medicaid Services “Innovation Center� recently announced that by 2030, they will move all traditional Medicare enrollees into a “care relationship� with a 3rd party private, for profit middleman, labeled a “Direct Contracting Entity (DCE) without seniors’ knowledge or consent, and without Congressional oversight. Every enrollee in traditional... Read More

In my prior articles ‘Private Enterprise and the National Good’ and ‘A further look at Privatisation’, I painted only a small part of the total picture of "privatisation" as it really is, part of a concerted long-term plan to control the world's infrastructure, land, water and food supplies, and to effectively replace nation-states with a... Read More

Privatisation is generally considered to mean the selling off to privately-owned companies the basic publicly-owned physical and social infrastructure of a country, including things like airports, railways, electricity generation, ports and so on, and also including the takeover of health care and educational systems by private for-profit firms. But in the dictionary of the Americans... Read More

Hanne Herland of the European Herland Report has just had her book published in which she argues that the ruling elite has resurrected feudalism by financializing the economy and offshoring middle class jobs. The title is New Left Tyranny, but it is about gangster state capitalism. Historically, capitalism freed labor from bondage by making labor... Read More

France is being intentionally destroyed. Are pharmaceutical companies mass murderers? Is the same thing happening in the United States? Didier Raoult is Professor of Microbiology and the leading world specialist in treatment of infectious diseases. He is the director of IHU Mediterranee Infection Institute. He was part of a clinical trial in which hydroxychloroquine and... Read More

Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a country without free national health care is severely handicapped. Millions of Americans live paycheck to paycheck. They cannot afford health care premiums,... Read More

America is a country of scandals. The latest scandal is the Jewish multi-billionaire Mike Bloomberg’s use of prison labor call centers to spread the message of his presidential campaign. It seems to me that Bloomberg’s attack on the American Constitution is the scandal, not his use of prison labor. Bloomberg wants to repeal the Second... Read More

Based on work with Dirk Bezemer, with charts by Howard Reed Polarization in America, 23 September 2019 Those who praise the post-2008 economy as a successful recovery point to the fact that the stock market has soared to all-time highs, while the unemployment rate has fallen to a decade-low. But is the stock market a... Read More

Hard as it is to believe, airline travel recently became even more unpleasant. Transportation Security Administration (TSA) employees being required to work without pay for the duration of the government shutdown resulted in many TSA workers calling in sick. The outbreak of “shutdown flu� among TSA employees forced some large airports to restrict the number... 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

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

Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy. It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not... 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

Social Security and Medicare are under attack from Wall Street, conservatives, and free market economists. The claims are that these programs are unaffordable and that the programs can be run more efficiently and at less cost if privatized. The programs are disparaged as “entitlements.� The word has come to imply that entitled people are getting... Read More

Discussions on the APEC, G20 and TPP meets, with key geo-political issues in the Ukraine, Germany, China and Russia investigated.