Economist Michael Hudson: Financial Sector Is a (Literal) Parasite


Blog

Stocks plummeted on the morning of 24 August, now histrionically dubbed “Black Monday.” In the early gray hours of this supposedly (or so the media tells us) gothic day, the Dow Jones nosedived a record 1,100 points. The world’s richest 400 people lost $124 billion in mere hours (although this money was, for the most part, later quickly […]

25 August 2015

Even Father of Modern Libertarianism Criticized Austerity, yet Europe Forces It on Greece


AlterNet, Blog

(This article is published in AlterNet.) Chicago School economist Milton Friedman, an avowed anti-government crusader and founding father of the modern right-wing libertarian movement, criticized austerity, because even he admitted it doesn’t work. Friedman is widely recognized as a progenitor of the wave of neoliberalism that spread across the world in the 1970s and ’80s (and beyond, establishing […]

23 July 2015

Economics Professor Warns Greek Debt Is “Impossible” to Pay off Under Troika Austerity Deal


Blog

Steve Keen, Professor of Economics and Head of the School of Economics, Politics and History at Kingston University, London, writing in the pro-business publication Forbes, warns that, under the extreme austerity deal the Eurogroup imposed, drafted primarily by German Finance Minister Wolfgang Schäuble, it “is simply impossible” for Greece to pay off its debts (emphasis mine): The Troika’s document forces […]

18 July 2015

Identitarians Defend Fascist Dictatorships and Monarchies Because, Hey, at Least They Aren’t White!


Blog

American identitarians (i.e., those who abide by identity politics, the reactionary nature of which I regularly document) have once again demonstrated how similar they are to their neo-fascist identitarian counterparts in Europe. In “5 Places Black People Can Move to When They’ve Had Enough of America,” The Root, instead of advocating building radical social movements […]

14 July 2015

Identity Politics and Neoliberalism Unite in the University


Blog

The Left is waking up to the dangers of reactionary identity politics—and how it dovetails so nicely with neoliberalism. Political scientist and race theorist Adolph Reed has often said identity politics is just neoliberalism in disguise. It “is not an alternative to class politics; it is a class politics, the politics of the left-wing of […]

2 July 2015

The Problem with Identity Politics in One Image


Blog

UPDATE, 21 July: There may in fact be a new contender for the dubious honor of being able to exemplify the extreme reactionary core of identity politics in one image. The far-right National Review exposed identity politics’ true colors with a laughing-coma-inducing article arguing that socialism is just white privilege writ large. ORIGINAL, 2 July: […]

2 July 2015

IMF Profits off of Greece’s Odious Debt


Blog

The “hard-working” (and harder-exploiting) International Monetary Fund (IMF) has made €2.5 billion (roughly $2.8 billion USD) in profit off of Greece’s odious debt since 2010 alone. Moreover, if Greece does repay its odious debts in full, the IMF will have made €4.3 billion (c. $4.8 billion USD) in profit by 2024. The Jubilee Debt Campaign, […]

28 June 2015

For-Profit Colleges Are a Scam


Blog

UPDATE, 10 September: Economics professor and New York Times columnist Susan Dynarski shows how much student debt has skyrocketed with the rise of for-profit universities: Hall of Shame – Top 25 Schools for Debt 2000: 1 for-profit2014: 13 for-profitshttp://t.co/8YpGtSZdst pic.twitter.com/fz4Fgi83kn — Prof Dynarski (@dynarski) September 10, 2015 ORIGINAL, 26 March: The logic of capitalism insists that […]

26 March 2015

On Vladimir Putin, Fascism, Neoliberalism, and Anti-Imperialism


Blog

(Updated: 23 March 2015) Russia is aggressively targeted by US imperialism, and there is hence no dearth of extreme lies spread about the country. At the same time, however, it is important to remember that the Russia of today is not the Soviet Union. The Russian government is firmly right-wing, and leader Vladimir Putin is […]

10 February 2015

Hypocritical Western Corporate Media Coverage of King Abdullah vs. Chávez


Blog

King Abdullah bin Abdulaziz Al Saud, the 90-year-old absolute monarch of Saudi Arabia, and the eighth-most powerful person in the world, died on 23 January 2015, after approximately 10 years of rule. King Abdullah, leader of the most fundamentalist country in the world (& uncoincidentally a close US ally), has died.http://t.co/iX151him3b — Ben Norton (@BenjaminNorton) […]

23 January 2015

Irish President Cites Vijay Prashad in Public Address


Blog

Michael D. Higgins, the President of Ireland (in Ireland, the president is a largely ceremonial figure, without much power)—a former sociologist and political scientist and a member of Ireland’s Labour Party—cited Vijay Prashad and his opus The Poorer Nations: A Possible History of the Global South at the Irish Launch of the European Year of […]

22 January 2015