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globalsouth.co | ||
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michael-hudson.com
[AI summary] This article delves into the historical context of economic systems, focusing on the collapse of ancient civilizations like Greece and Rome due to oligarchic structures and unsustainable debt. It highlights the contrast between ancient practices of debt cancellation and modern financial systems, emphasizing the importance of debt forgiveness to prevent social and economic collapse. The discussion includes insights from economist Michael Hudson, who argues for the necessity of debt cancellation as a means to restore economic balance and avoid the fate of ancient civilizations. The piece also touches on the implications of global debt, particularly for the Global South, and suggests that debt forgiveness could be a critical step toward justice and... |
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surplusenergyeconomics.wordpress.com
THE COMING FINANCIAL CRASH One question, above all others, has dominated our recent discussions here. This is the issue of whether the financial system will fracture as the underlying real or material economy inflects from growth into contraction. Has some kind of chaotic reset either contractionary or hyperinflationary become inevitable? Are we |
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im1776.com
The COVID pandemic provided a natural experiment in experts' competence. The results were unambiguous. Every major government recommendation was proven wrong: masks did not work, then they were essential, then two were better than one. The virus did not spread asymptotically; then, asymptomatic spread became the primary driver. Two weeks to flatten the curve became two years of flattening. |
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www.compactmag.com
President Biden has done a good job getting domestic and international economic legislation through Congress, but he has proved far less successful in what was supposed to be his forte: foreign policy. With wars raging in Ukraine and Gaza, and the threat of a regional conflict in the Middle East |
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