Dr. Michael Hudson is one of our nation’s important economists and Wall Street financial analysts. He is currently the President of The Institution for the Study of Long-Term Economic Trends and was the Chief Economic Policy Advisor for the Rep. Dennis Kucinich’s 2008 presidential campaign. He is a research professor of economics at the University of Missouri at Kansas City and a research association at the Levy Economics Institute at Bard College. Dr. Hudson has served as an advisor to the White House, State and Defense departments at the Hudson Institute, in addition to the United Nations Institute where he became a specialist in global economics.
Dr. Hudson has written several books and many important papers and articles, the latest being “The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis” AND “Financial Capitalism and its Discontents”. His website is Michael-Hudson.com
I spent two hours yesterday holding a banner (joined by eight others with signs and a 2nd banner) outside the Bernie Sanders for President rally in Portland, Maine that reportedly drew about 9,000 people. It was an impressive crowd for someone who once claimed he was a ‘socialist’. People began lining up before 5:00 pm for the 7:00 event and during those two hours I kept a steady stream of requests going to folks as they entered the Portland Civic Center. I suggested to eager Sanders supporters, “Please ask Bernie his position on the $400 billion F-35 fighter plane project. Ask him if it is true that he has lobbied to bring the plane to Vermont?” I suggested to the excited crowd, with many young people in line, that they might ask Sanders, “His position on NATO expansion up to Russia’s border – can we really afford war with Russia?” “Informed citizens need to know the answers to Bernie’s foreign policy – he’s not talking about these issues,” I said. Once the line had ended I folded up my banner and made a dash inside just as the rally was starting. All seats in the arena were taken and the entry onto the
The Trans-Pacific Partnership (TPP) – a global corporate noose around U.S. local, state, and national sovereignty – narrowly passed a major procedural hurdle in the Congress by gaining “fast track” status. … “fast track” is a euphemism for your members of Congress … handcuffing themselves, so as to prevent any amendments or adequate debate before the final vote … TPP is another euphemism that is used to avoid the word “treaty”, which would require ratification by two-thirds of the Senate. The corporate-indentured politicians keep calling this gigantic treaty with thirty chapters, of which only five relate to traditional trade issues…. The other twenty-five chapters, if passed as they are, will have serious impacts on your livelihoods as workers and consumers, as well as your air, water, food, and medicines. Only corporations … are entitled to sue the U.S. government for any alleged harm to their profits from health, safety or other regulations in secret tribunals that operate as offshore kangaroo courts, not in open courts. –Ralph Nader Last week was a landmark week for President Obama and his administration. It was so important that last Friday’s PBS Washington Week program couldn’t find room for the slightest mention of what is arguably
Yes, Bernie Sanders would be a far superior president to Hillary Clinton. That requires a bit of elaboration. Something I just scraped off my shoe would be a far superior president to Hillary Clinton, but Sanders would actually be good in a whole lot of ways. He has numerous imperfections, but the contrast with Clinton is like day to night. I’d rather have him running than not. But please do not give him or Hillary or the wonderful Jill Stein or any other candidate a dime or a moment of your life. Instead, join the movement that’s in the streets of Baltimore opposing police murder, that’s in the halls of the United Nations pushing to abolish nukes, that’s blocking mountaintop removal, divesting from Israel, advancing renewable energy, and struggling to create fair elections through steps like automatic registration in Oregon, and pushing legislation to provide free media, match small donors, give each voter a tax credit to contribute, or take the power to establish plutocracy away from the Supreme Court. I’m not against elections. I think we should have one some day. At the presidential level we do not currently have elections. That office is not up for election; it