The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Real Progressives Archives
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Banking Industry
 Real Progressives Archives
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Banking Industry

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Is the US a Failed State?
Why the U.S. Economy cannot Re-Industrialize
• July 15, 2023
• 7,200 Words • 174 Comments • Reply
Michael Hudson [Intro/Music]: America cannot re-industrialize without reversing this whole philosophy of post-industrial society as a class war against labor. You can't have both. You can't have a class war against labor and reindustrialization with the labor unionization that goes with it. Countries who let an oligarchy develop end up pushing their own economies into... Read More
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Debt Deflation and the Neofeudal Empire
• October 3, 2020
• 8,600 Words • 97 Comments • Reply
Michael Hudson [intro/music] (00:02): The money that you pay for debt service to a bank isn’t spent back into the economy. The bank bond holders are basically the 1% of the economy. They’re rich enough that they’re not going to take all this extra money they get to buy more goods and services. They’ll buy... Read More
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