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.
Poverty blights the lives of billions of people throughout the world: in developing countries, where it is acute, and industrialised nations, where it’s hidden but growing. It rises out of social injustice, makes exploitation and abuse inevitable, brings death and disease, robs people of opportunity and dignity, feeds anger and resentment.
with Chris Hedges
RT America on Mar 12, 2017
On this week’s episode of On Contact, Chris Hedges is joined by Linh Dinh, author of “Postcards from the End of America”. Dinh traveled across the US to lift up the voices of those who have been disappeared by our corporate state. RT Correspondent Anya Parampil reveals the stark statistics of those living in poverty in America.
replaced video and link to the transcript, Jan. 10, 2017
leftymathprof on Jan 1, 2017
Ecosystem collapse would kill us all. To avert that requires measures that are blocked by plutocracy. Ending plutocracy requires ending property and hierarchy, replacing them with a culture of sharing, caring, and networking that we all learned in kindergarten. It can’t be imposed by force. The first step is to talk about it.
Civilization In Transition, Uncertainty and Opportunity
British filmmaker Adam Curtis recently released his new documentary ‘HyperNormalisation’. [See video below.] Brilliant in parts, this ambitious film reveals an image of a civilisation in turmoil. It shows how duplicitous, inadequate politicians have repeatedly deceived the public over the last forty years, and how their actions have caused increasing levels of chaos in the world, which they are unable to resolve. “We live in a strange time, extraordinary events keep happening that undermine the stability of our world,” the director declares, and yet, “those in control seem unable to deal with them. Nobody has any vision of a different or better kind of future.”
TheRealNews on Nov 17, 2016
Economist Michael Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is going.
It’s Time for the Clintons, Rubin to Go – and Soros, too.
In the week leading up to last Tuesday’s election the press was busy writing obituaries for the Republican Party. This continued even after Donald Trump’s “surprising” victory – which, like the 2008 bank-fraud crash, “nobody could have expected.” The pretense is that Trump saw what no other politician saw: that the economy has not recovered since 2008.
Updated: Nov. 8, 2016
Yes, the hit film featuring Rosario Dawson, Shailene Woodley, Willie Nelson and a look inside real live Rolling Stone investigation exposing the scheme that’s swiping a million votes in North Carolina, Ohio and the states that pick our President and Senate.
Renegade Inc. on Oct 27, 2016
Prof. Michael Hudson, economist and author of ‘Killing the Host- How Financial Parasites and Debt Destroy the Global Economy’, speaks to Ross Ashcroft about the difficult choice faced by Americans in the upcoming US elections.
RT on Oct 20, 2016
In this episode of the Keiser Report, Max and Stacy discuss friends of Bill (Clinton) and the remarkable fortunes they’ve made landing lucrative aid contracts. In the second half, Max interviews Dr. Michael Hudson about his new book, J is for Junk Economics and about the US presidential candidates’ economic plans.
“Commercial banks create money, in the form of bank deposits, by making new loans… 97% of the [money] currently in circulation [is] created by commercial banks themselves.”
— “Money creation in the modern economy”, Quarterly Bulletin, 2014 Q1, Bank of England