michael hudson

Obama and Trump

Michael Hudson asks if identity politics will break up the Democratic Party

By / 4 Comments / 28 March 2017

Summary: Here is an excerpt from economist Michael Hudson latest brilliant essay. He explains how the Left’s identity politics fragment America, preventing formation of a broad coalition to oppose the Right. He then goes one step further, showing why such a divisive course has come to dominate the Left. “Trump Is Obama’s Legacy. Will This …

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What will Obama do in term II? He’ll finish the great work of term I!

By / 25 Comments / 9 February 2015

Summary:  Today we guess about Obama’s next term. Post your thoughts in the comments. I expect him (or Him) to finish the great work of this first term, moving the US political spectrum decisively to the Right by committing the Democratic Party to conservative policies. His first term did that with Bush Jr’s national security …

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What every American needs to know about the Federal Reserve System

By / 26 Comments / 24 June 2015

Summary: The Federal Reserve has become one of the most powerful government agencies, operating almost free of checks and balances.  Worse, it represents one of the most outrageous examples of regulatory capture, private interests taking control of agencies intended to supervise them.  Today we have Michael Hudson to explain to use the significance of these events. An …

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One criterion of victory in Iraq: when will the oil flow?

By / 11 Comments / 30 May 2010

As our involvement in the Iraq War winds down, Michael Schwartz writes about two of the criteria for victory by the Coalition Forces:  increasing Iraq’s oil production under involvement of western companies. “The Iraqi Oil Conundrum – Energy and Power in the Middle East” By Michael Schwartz, TomDispatch, 2 February 2010 Introduction by Tom Englehardt Americans have …

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