In the second part of his interview with Chris Hedges, CUNY Professor David Harvey, author of A Brief History of Neoliberalism argues Neoliberalism as an economic policy works not by generating wealth but redistributing wealth by “accumulation of dispossession.”
David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of A Brief History of Neoliberalism argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.
The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications.
Four days ago [Aug. 1, 2018], The Washington Post reported that the epic pathological liar Donald Trump made 4,229 false statements during his first 558 days as United States president. Trump spoke or tweeted falsely, on average, an astonishing 7.6 times per day during that time.
For 200,000 years we were hunter-gatherers. We shared everything of importance, and cooperated without hierarchy, and we’re still capable of that. But 12,000 years ago, when we started farming, we also began separateness, hierarchy, and property, which I’ll discuss. Those have caused all our problems — alienation, inequality, externalities, war, poverty, plutocracy, racism, sexism, bullying, ecocide. The first step in fixing all this is to get more people talking about it. Continue reading →
This is a brief Addendum to the Introduction to my Law of Value video series. It gives some advice on how to watch these videos, cautioning to think critically about the way we contextualize information online.
“Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book And forgive them our debts.
“At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.”
Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.