By Ellen Brown / Web of DebtAug 3, 2016
Pointing to the massive sums the Fed produced out of the blue to bail out Wall Street in 2008, the Green Party presidential candidate says the same resources that saved the perpetrators of the financial crisis could be made available to its Main Street victims. Dig deeper ( 8 Min. Read )
Staff / TruthdigJun 30, 2016
Western economies are shrinking as people are compelled to spend more and more of their income on credit card, mortgage and college debt, leaving less and less for goods and services, says financial economist Michael Hudson. Dig deeper ( 30 Min. Read )
Alexander Reed Kelly / TruthdigApr 22, 2015
Greece's new left-wing, anti-austerity Syriza Party raises concerns over international creditors’ demands to restructure the country's labor market and curtail its pension system in exchange for a new package of bailout funds scheduled for release Friday. Greek Finance Minister Yanis Varoufakis speaks with “Democracy Now!” Dig deeper ( 9 Min. Read )
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Alexander Reed Kelly / TruthdigMar 15, 2013
It's not the kind created by government spending on social programs, however, economist Michael Hudson says. Dig deeper ( 2 Min. Read )
Staff / TruthdigFeb 10, 2013
"Today’s economy is based on theft under the euphemism of 'free enterprise,' " writes Michael Hudson in the first chapter of his new book "Finance Capitalism and its Discontents." "It’s sometimes called 'socialism for the rich' because they receive most government subsidy. But it’s not the kind of socialism that people talked about a hundred years ago. It is a travesty of social democracy and socialism. In a word, it’s oligarchy."Today’s economy is based on theft under the euphemism of "free enterprise." It’s sometimes called “socialism for the rich” because they receive most government subsidy. But in a word, it’s oligarchy. Dig deeper ( 19 Min. Read )
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