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Economics
 Global Research Archives
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Economics

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NATO-Russia Proxy War: Revealing Signs of a Fading America
Conversations with Scott Ritter and Michael Hudson
• March 29, 2022
• 3,500 Words • 12 Comments • Reply
TRANSCRIPT GR (Michael Welch): Great privilege to speak with you again Mr. Hudson. Welcome! Michael Hudson: Thanks for having me on! GR: Now, We’re seeing NATO unifying together behind the US call to sanction Russia, including removal from the SWIFT system. They’re being hit with sanctions to hurt, sanctions from hell as President Biden would... Read More
“America the Shrunken”
• December 21, 2019
• 1,700 Words • Leave a Comment
In May of 2014, Frank Bruni wrote an article for the NYT titled ‘America the Shrunken’, in which he detailed what he called “the downward arc of a diminished enterprise” that was the USA, quoting friends who claimed their children would live in a more impoverished America, that the reign was over and the slide... Read More
The Richest Country’s Empty Plates. 50 Million Hungry Americans
• December 18, 2019
• 600 Words • Leave a Comment
In July of 2013, Rose Aguilar wrote a wonderful article for al-Jazeera [1], in which she discussed the dire hunger crisis that envelops the US today. In her article, she brought back a memory of something I had long forgotten, an event that so outraged the American public that the government was temporarily forced to... Read More
Patents, Theft of Intellectual Property (IP), Product Piracy and US-China Relations
• December 17, 2019
• 3,300 Words • Leave a Comment
There is one factor that contributed heavily to the wealth of America today that US history books seem to neglect. The US government and corporations today produce volumes of propaganda accusing China of copying American products or ideas, of having no respect for American IP, but the Americans for 200 years or more have been... Read More
China’s YiWu: Business Models You’ve Never Even Heard of
• December 15, 2019
• 1,000 Words • Leave a Comment
The YiWu Commodities Market A brief bit of background for context. YiWu is the world’s largest supermarket. YiWu is a small town (it’s actually a city with more than one million people, but in China that’s a small town) in Zhejiang Province, 45 minutes by high-speed rail from Shanghai. The surrounding area contains countless thousands... Read More
From Shanghai to Chongqing: The World’s Most Expensive Railway
China's Yichang-Wanzhou Railway: 253 Bridges and 159 Tunnels
• December 11, 2019
• 900 Words • Leave a Comment
The Yiwan Railway Work was finally completed in 2010 on China’s Yiwan Railway, a route paralleling the lake formed by the Three Gorges dam, a 380 km East – West line running through beautiful but challenging mountainous terrain from Wuhan, the capital of Hubei Province, and Yichang (the site of the Three Gorges Dam), to... Read More
China’s High-Speed Trains
• December 5, 2019
• 4,100 Words • Leave a Comment
One of the great advantages of train travel compared to flying is the saving in wasted time. A flight in most any country normally involves a one-hour trip to the airport with a requirement to arrive at least 1.5 hours prior to departure. At the arrival end, there is always the seemingly long wait to... Read More
The Road Toward Greater Eurasia
Kazakhstan’s first president has road map for 21st century: global alliance of leaders for nuclear-free world
• November 26, 2019
• 1,200 Words • 11 Comments • Reply
The Astana Club is one of the most crucial annual meetings in Eurasia, alongside the Boao forum in China and the Valdai discussions in Russia. China, Russia and Kazakhstan are all at the forefront of Eurasia integration. No wonder, then, that the 5th meeting of the Astana Club had to focus on Greater Eurasia –... Read More
Economic Upheaval and the Rise of the US Police State
• November 22, 2019
• 3,500 Words • Leave a Comment
By the end of the Vietnam War, US corporations were no longer competitive in the world economy and were losing the bulk of their domestic market to imports, leading to de-industrialisation and the large-scale relocation of manufacturing to Asia, primarily China. Since then, the US has experienced large and increasing trade deficits regardless of currency... Read More
US Economic Statistics: “Unreliable Numbers”
• November 10, 2019
• 3,600 Words • Leave a Comment
The US government and Western media enjoy accusing China of producing unreliable numbers, but it is widely recognised that there are no national economic statistics in the world as deliberately unreliable and misleading as those of the US. Yet one more feature of the Great Transformation was the US government’s innovativeness in fabricating statistics that... Read More
Apologists of Global Capitalism: Multi-National Corporations Are Functioning as “Amoeba” in Pursuit of Profit
The apologists lecture us that morality therefore isn't a part of business
• October 23, 2019
• 1,400 Words • Leave a Comment
One of the arrows in the quiver of the attack on humanity from globalisation is a new field of study – the biology of corporations. Corporate apologists claim that the overwhelming majority of multi-national companies are amoral organizations in pursuit of pure profit, and will abide by ethical or legal codes only to the extent... Read More
What Is the Difference Between Capitalism and Socialism?
• October 18, 2019
• 3,100 Words • 1 Comment • Reply
Some aspects of the American style of competition become more clear when placed in a broader context, in this case the underlying socio-economic system, so let’s take a quick look at the difference between capitalism and socialism. For at least the past 100 years Americans have been taught to hate and fear socialism and socialist... Read More
Let’s Have a Financial Crisis: First, We Need a Central Bank
• October 7, 2019
• 6,300 Words • Leave a Comment
Westerners have been for generations infused with a conviction that a nation’s central bank must, under threat of great ‘moral hazard’, be kept separate and independent of that nation’s government. The reasons are unclear, but since this mythology qualifies as a biblical pronouncement, it is by nature not open to question. The proposition is, of... Read More
French railroad workers
The Tragedy of the Cheminots
The Deep Meaning of the French Railroad Strikes
• April 21, 2018
• 1,700 Words • 90 Comments • Reply
The current series of railroad strikes in France are portrayed in the media as “labor unrest”, a conflict between the government and trade union leaders, or as a temporary nuisance to travelers caused by the self-interest of a privileged category of workers. In Anglo-American media, there is the usual self-satisfied tongue-clicking over “those cheese-eaters, always... Read More
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