insiders economic dictionary

The Insider’s Economic Dictionary: D Is for Debt

By Michael Hudson Sep 15, 2013 Dependency: the loss of choice. Establishing a world system based on foreign dependency is the aim of the Washington Consensus. Dig deeper ( 8 Min. Read )

The Insider’s Economic Dictionary: C Is for Camouflage

By Michael Hudson Aug 11, 2013 Capitalism: The term used to describe the social system based on promoting the accumulation of capital. Long used mainly as an economic invective, the term only recently has become more glorified by neoliberals, referring mainly to finance capitalism. Dig deeper ( 13 Min. Read )

The Insider’s Economic Dictionary: B Is for Bailout

By Michael Hudson Aug 10, 2013 Republicans and the financial sector sequester the economic surplus in their own hands, price their economic rents to squeeze incomes, and then criminalize poverty as if the poor vote to be poor as a matter of choice! Dig deeper ( 4 Min. Read )

The Insider’s Economic Dictionary: Part A

By Michael Hudson Aug 9, 2013 Unlike psychological terminology -- which consists mainly of terms of invective (try to think of a desirable personality complex) -- today’s economic vocabulary is euphemistic. One rarely hears the terms "rentier" or "usury" that played so central a role in the debates of past centuries. Dig deeper ( 9 Min. Read )