How a Pandemic is Destroying the West, by Michael Hudson

Where's my bailout?

Image by John Nakamura Remy via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 14, 2020

The U.S. is Saving the Financial Sector, not the Economy

Before juxtaposing the U.S. and alternative responses to the coronavirus’ economic effects, I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in “the market,” meaning specifically the financial market on Wall Street and in other financial centers.

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Marx in the House: Episode 3: Rent Gap + Episode 4: Disinvestment

Gentrification Zone

Image by Matt Brown via Flickr

Dandelion Salad

Space Babies on Jul 23, 2020

Marx in the House is a series that explores gentrification and housing from a Marxist perspective. In this episode we take a look at how the rent gap is the fundamental theoretical component explaining gentrification. We look at how Ruth Glass spotted and theorized the rent gap first and how Neil Smith elaborated on it.

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Marx in the House: Episode 1: Intro: Gentrification and Housing + Episode 2: Exchange Value

Marxism

Image by rdesign812 via Flickr

Dandelion Salad

Space Babies on Jul 9, 2020

Marx in the House is a series that explores gentrification and housing from a Marxist perspective. In this episode we take a look at the movement of capital, the ridiculousness of landlords, how it’s necessary to organize and the fundamentals of capitalism and the role of the state.

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Abby Martin: Eradicating Homelessness

Tenting (Homeless in Los Angeles)

Image by Russ Allison Loar via Flickr

Dandelion Salad

with Abby Martin

Empire Files on Feb 9, 2020

Abby Martin meets with Nithya Raman, progressive candidate for LA City Council in District 4, about her campaign to end homelessness in the nation’s epicenter and how local politicians refuse to take easy actions to eradicate the phenomenon–but refuse to in the interests of big real estate developers.

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Trump’s Trade Threats Are Really Cold War 2.0 by Michael Hudson + The American Dream Is Alive and Well—in China by Ellen Brown

China Indusry

Image by AK Rockefeller via Flickr

by Michael Hudson
Writer, Dandelion Salad
June 16, 2019

President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology.

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The Nation’s Enduring Apartheid by Paul Street

The Movement

Image by Daniela Kantorova via Flickr

by Paul Street
Writer, Dandelion Salad
The Official Website of Paul Street
January 2, 2019

It’s a little-acknowledged reality that housing markets distribute more than mere dwellings. That’s because people’s place in the social order is intimately related to their geographic location generally, and where they live specifically.

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Chris Hedges and David Harvey: The Ideology of Neoliberalism is a Con, Part 2

IMG_0709

Image by sharonkubo via Flickr

Dandelion Salad

with Chris Hedges

RT America on Nov 17, 2018

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.”

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It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Occupy Wall Street - 11/3/11 - 006

Image by May S. Young via Flickr

Updated: Sept. 19, 2018

by Michael Hudson
Writer, Dandelion Salad
September 18, 2018

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.

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David Harvey: The Crises of Capitalism + The Contradictions of Capitalism

Capitalism is Crisis - occupation, St Paul's, London

Image by Chris Beckett via Flickr

Dandelion Salad
Originally posted July 5, 2010

theRSAorg on May 6, 2010

Marxist geographer David Harvey asks: is it time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?

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Why Do They Flee? & The US Seeks to Dominate the World! by William Blum

The Anti-War Protest Presence at the Philadelphia Democratic Convention

Image by Debra Sweet via Flickr

by William Blum
Writer, Dandelion Salad
Killing Hope
June 26, 2018

Why do they flee?

The current mass exodus of people from Central America to the United States, with the daily headline-grabbing stories of numerous children involuntarily separated from their parents, means it’s time to remind my readers once again of one of the primary causes of these periodic mass migrations.

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Michael Hudson: China’s Export Competitiveness = Underpaying Women + Trump’s Trade Wars: An Opportunity to Refashion the Intellectual Property Regime?

China Indusry

Image by AK Rockefeller via Flickr

by Michael Hudson
Writer, Dandelion Salad
June 15, 2018

Max Keiser probes away on my recent visit to China. We delve into the Chinese development model.

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“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 2, 2018
May 7, 2018

Peking University, School of Marxist Studies
May 5-6, 2018

Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and doing business. That is the main reason why they are losing their export markets and becoming de-industrialized.

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Chris Hedges: The Struggle to Reintegrate into Society After Prison

Chris Hedges: The Struggle to Reintegrate into Society After Prison

Screenshot by Dandelion Salad via Flickr
Watch the video below

Dandelion Salad

with Chris Hedges

RT America on May 5, 2018

David Rothenberg, Founder of The Fortune Society, and artist Guy Woodard discuss the struggle of the incarcerated and formerly incarcerated to reintegrate into society.

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Chris Hedges: Race and Class Inequality in Major Cities

20110928 Class War

Image by Chris Piascik via Flickr

Dandelion Salad

with Chris Hedges

RT America on Feb 11, 2018

Juan Gonzalez, author of Reclaiming Gotham: Bill de Blasio and the Movement to End America’s Tale of Two Cities, discusses the structural inequality of cities through class and racial policies formed by the US government.

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Socialism, Land and Banking: 2017 Compared to 1917 by Michael Hudson

Islands Brygge, Copenhagen (1998)

Image by Hunter Desportes via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
October 23, 2017

An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today.

Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and pensions have been increasingly privatized and financialized.

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