Michael Hudson

Jan 17, 2025 | mronline.org | Michael Hudson

Trump has promoted a number of plans to make America strong—at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines. That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be peaking under Trump: Every U.S. action attacking other countries tends to backfire and end up costing American policy at least twice as much.

May 30, 2024 | countercurrents.org | Michael Hudson |John Ruehl |Countercurrents Collective |Richard Heinberg

Why were Clean Slates so important to Bronze Age societies? From the third millennium in Mesopotamia, people were aware that debt pressures, if left to accumulate unchecked, would distort normal fiscal and landholding patterns to the detriment of the community. They perceived that debts grow autonomously under their own dynamic by the exponential curves of compound interest rather than adjusting themselves to reflect the ability of debtors to pay.

Apr 30, 2024 | globalresearch.ca | Michael Hudson

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Apr 15, 2024 | countercurrents.org | Michael Hudson |Mohd Khan |Andre Damon |Bhabani Nayak

The Roman concept of property is essentially creditor-oriented. As Rome’s power grew, practices quickly became predatory. Traditional societies usually had restrictions to prevent self-support land from being alienated outside of the family or clan. By holding that the essence of private property is its ability to be sold or forfeited irreversibly, Roman law removed the archaic checks to foreclosure that prevented property from being concentrated in the hands of the few.

Apr 14, 2024 | countercurrents.org | Bharat Dogra |Michael Hudson |Thomas Klikauer |Aman Namra

The progress of democracy has been one of the noblest chapters of the history of humanity. When true democracy progresses, this also leads to steadily increasing possibilities for equality and justice in society. This however is not acceptable to those sections that have concentrated wealth and privilege among themselves and they often have a tendency to resist this.