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Posts Tagged ‘Michael Hudson’

Michael Hudson on How Banks Really Make Money

Posted in Alternate Economic Philosophies, Banking, Lauded Sources, tagged , on December 23, 2009 | 1 Comment »

In the modern Sarah Palin / Milton Friedman US culture, Michael Hudson is a Communist because he opposes the consolidation of power and the mistreatment of the non elite. These ideas can get you kicked out of the nicer cocktail parties in this country. Michael Hudson In an era when most economists are content to [...]

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Nobody Actually Reads Karl Marx and Capital

Posted in Economics, tagged on August 25, 2009 | 12 Comments »

Why Read Marx? After being criticized as a socialist by several critics, or worse a communist because I disagree with the bailout and the increased financial corruption of the US, I thought I would take a shot at reading Karl Marx. I downloaded the following PDF documents off of the internet: Capital: Book 1 Capital: [...]

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The Negative Relationship Between Quality vs. Funding in Economics and Finance Reporting

Posted in Deliberately False Financial Information, Media Corruption, tagged , on August 22, 2009 | Leave a Comment »

Conventional and wealthy media outlets are a good place to find out what Goldman Sachs and Morgan Stanley would like you to believe. In these magazines you can learn how the bailout is necessary to save “Main Street” and how executives and Wall Street stars deserve their exorbitant compensation. However, not all sources are corrupt [...]

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Unethical Tax for the Rich

Posted in Capitalism, tagged on August 22, 2009 | Leave a Comment »

Its becoming increasingly difficult to tell the difference between wealthy Americans and movie gangsters. What separates Goldman Sachs from Tony Soprano?  Both are performing illegal activities with no consideration for the rest of society, and both have legitimate “covers” for their business interests. How Wealth is Rationalized There is a long history of this, but [...]

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Productivity Benefits Not Shared With Normal Workers

Posted in Economics, Globalization, tagged on August 13, 2009 | Leave a Comment »

Finding a Graph of the Problem Where is the chart showing the growth of productivity going back to 1950? Productivity has grown close to 4 times since 1950, however wages have seriously lagged. The following quote is indicative of the issue. Here is one graph we found from the BBC, but it does not go [...]

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How Social Security Works

Posted in Pensions, Privatization, tagged on August 13, 2009 | Leave a Comment »

Wall Street’s plan to boost their bonuses now that all of their mortgage backed securities have crashed is to steal old people’s money. George Bush, The Cato Institute and Heritage Foundation think this is a great idea. We have a different word for it. We prefer the word “disgusting.” But perhaps its a matter of [...]

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Less Returns for Labor More for Capital

Posted in Inequality, tagged on July 18, 2009 | 2 Comments »

The Hudson Interview Michael Hudson makes some very important points in this video: Here are a few of them: The financial industry is making itself tax free. Examples include the write offs that are received due to bank mergers Real estate already does not pay much in taxes. This is enabled through multiple accelerated depreciation, [...]

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Michael Hudson on the Propaganda of the Business Cycle

Posted in Deliberately False Financial Information, Economic History, tagged on June 18, 2009 | Leave a Comment »

Deja Vu Here we go again….every several articles or interviews that we read from Michael Hudson lead to upturning the commonly held beliefs that were inserted in our mind by our propagandized business education, business controlled media, conversation with others or all of the above. Flimsy Sanity Interview In this excellent interview with the Flimsy [...]

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Michael Hudson On Debased Economics

Posted in Corrupt Economists, tagged on May 28, 2009 | Leave a Comment »

Understanding a Historical Perspective Unlike most economists, Michael Hudson actually knows the history of economics. Understanding this he can see how economics has changed and actually become perverted to simply service the interests of concentrated capital. In this article.. http://www.globalresearch.ca/index.php?context=va&aid=13702 …he describes and area of study that has lost its way. Unfortunately for us – [...]

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Michael Hudson on Real Estate Taxation

Posted in Banking, Debt Peonage, Economic Bubbles, Economic History, Real Estate, tagged , on May 4, 2009 | 1 Comment »

Michael Hudson has been covering real estate for some time and is one of the very few experts on real estate taxation. The picture above is a good representation of how banks see the optimal real estate situation, people who are so in debt that they have to allocate most of their income to their [...]

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