Capitalists seek to maximize profits and reduce the cost of labor. This sums up capitalism at its core. It is defined by these immutable objectives. It is not about democracy. It is not, as has been…
Category: Economy
The U.S. military footprint in a client state becomes as permanent as if it were encased in concrete. Afghanistan is merely the latest arena in which that model is being used. As negotiations between the…
“Lenin said that capitalists would sell the Communists the rope to hang them. But as matters turned out, capitalists let China sell them the labor that served to hang American capitalism.” — Michael Hudson I…
The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing…
Trump is not an anomaly of a morally bankrupt nation, but rather an emblem The U.S. is less of a nation than a collective, psychotic episode. Within day-to-day life in the nation, a cultural aura…
With the US decision to impose added tariffs on more than $300 billion of China trade, and the US Treasury declaring China a “currency manipulator”, global financial markets have reacted with sharp selling. The question…
After years of being kept in the doldrums by orchestrated short selling described on this website by Roberts and Kranzler, gold has lately moved up sharply reaching $1,510 this morning. The gold price has continued…
Debts that can’t be paid, won’t be. That point inevitably arrives on the liabilities side of the economy’s balance sheet. But what of the asset side? One person’s debt is a creditor’s claim for payment….
“Wanna know how broken and captured Washington is by the Pentagon and the corruption of our nation’s ‘defense’ budget? Well, look no further than the soon to be enacted budget ‘deal.’” In a bipartisan deal…
Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay…
