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Peak Inequality: The .01% And The Impoverishment Of Society by David DeGraw + The Economics of Revolution

Inequality Hurts Us All

Image by Dean Chahim via Flickr

Dandelion Salad

Updated: Sept. 2, 2014 added video interviews

by David DeGraw
daviddegraw.org
August 18, 2014

This is an adapted excerpt from my new book, The Economics of Revolution. Continue reading

S for Saint Simon by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
August 4, 2014

letter S

Image by Leo Reynolds via Flickr

Part S in the .

S-curve: The typical shape of growth in nature, such as human beings whose height tapers off as they reach maturity. They also typify most business cycles, which taper off after an upswing as employment, raw-materials and resource limits are approached and wages and commodity prices rise, slowing profits. The demand for specific products likewise tapers off as markets become saturated. Meanwhile, the fact that financial claims and debts tend to grow at compound interest means that financial dynamics tend to outrun the S-curve of production and consumption, creating business crises which end the upswing. Continue reading

The New Cold War’s Ukraine Gambit by Michael Hudson + Rick Rozoff: CrossTalk: Nulandistan Update

Updated: May 16, 2014 Added video

Updated: May 14, 2014 Added video

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
May 13, 2014

Michael Hudson[1]

The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.

Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of land and basic infrastructure, and the rents that can be extracted as tribute. In today’s world this is taken mainly in the form of debt service and privatization. That is how neoliberalism works, subduing economies by indebting their governments and using unpayably high debts as a lever to pry away the public domain at distress prices. It is what today’s New Cold War is all about. Backed by the IMF and European Central Bank (ECB) as knee-breakers in what has become in effect a financial extension of NATO, the aim is for U.S. and allied investors to appropriate the plums that kleptocrats have taken from the public domain of Russia, Ukraine and other post-Soviet economies in these countries, as well as whatever assets remain. Continue reading

Noam Chomsky: The Relentless Class War

Dandelion Salad

with Noam Chomsky

University of California Television (UCTV) on Apr 28, 2014

Noam Chomsky Mural

Image by Tom Ipri via Flickr

Jan Nederveen Pieterse in conversation with Noam Chomsky, linguist, philosopher and political commentator. Chomsky is Emeritus professor of linguistics at MIT. Jan Nederveen Pieterse is professor of Global Studies and Sociology at University of California, Santa Barbara. Series: “Carsey-Wolf Center” [5/2014] [Humanities] [Show ID: 28120] (Visit: http://www.uctv.tv/)

Continue reading

Global Economy Confounds Washington’s War Mentality by Finian Cunningham

by Finian Cunningham
Writer, Dandelion Salad
East Africa
Crossposted from Strategic Culture Foundation
April 25, 2014

Capitalism and its imperialist proclivity have been associated with the structural causes of conflict and war over recent centuries. But given today’s imperative realities of a globalized economy, capitalism – or at least large sections of it – cannot afford such a conflict or desire it. In this regard, we may be witnessing a seminal shift, whereby Washington’s threatened sanctions towards Russia, and the war that that entails, are seen as an untenable political agenda divorced from the all-important economic realm.

In pushing this agenda, Washington may be the one that finds itself isolated, not Moscow. Continue reading

Capitalism: The Systematic Poverty and Exploitation of Human Beings by Finian Cunningham

by Finian Cunningham
Writer, Dandelion Salad
East Africa
Crossposted from PressTV
April 26, 2014

Capitalism Kills

Image by Infinite Ache via Flickr

Workers in Western countries are now paid so badly that businesses are reportedly finding it profitable to return from China – having relocated to Asia in the first place to exploit cheap labor there.

It is an astounding indictment of how capitalism has created a global race to the bottom of misery for workers – yet the Western corporate news media actively conceal this abomination. Continue reading

Michael Hudson: This Is Risking A Threat Of War + Is Thomas Picketty Right About The Causes of Inequality?

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 25, 2014

Renegade Economists interview April 22nd, 2014
Listen
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Karl Fitzgerald: Michael Hudson – www.Michael-Hudson.com – is back on the 3CR airwaves with an explosive show moving through the incredible wealth gap as outlined by Thomas Piketty. His book is barnstorming the world at the moment. We review it, alongside a bit of Marxist theory as we slide into what America is really up to in the Ukraine. It’s always interesting with Michael Hudson. Stay tuned for another instalment of the Renegade Economists. Continue reading