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April 15, 2021 By Michael Hudson and posted with special permission Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, […]
Posts Tagged ‘financialization’
America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
April 16th, 2021 
Awake Goy 
Posted in putin, russia 
Tags: america, china, financialization, industrial, neoliberal, policy, socialism 
No Comments »The Endgame of Financialization: Stealth Nationalization
October 15th, 2017 Awake Goy The Endgame of Financialization: Stealth Nationalization By Charles Hugh Smithwashingtonsblog.com As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of […]
Posted in World News, World Politics Tags: ENDGAME, financialization, nationalization, stealth No Comments »The Financialization Of America… And Its Discontents
October 1st, 2017 Awake Goy Source: Charles Hugh Smith via OfTwoMinds Labor’s share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every […]
Financialization and The Destruction of the Real Economy
September 22nd, 2017 Awake Goy By Charles Hugh Smith Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse. Financialization is destroying the real economy, but few in power seem to notice or care. The reason why is painfully obvious: those in power are reaping […]
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
September 9th, 2017 Awake Goy Labor’s share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every aspect of our economy: consumption, credit, taxation and perhaps most importantly, the unspoken […]
Posted in World News Tags: economy, financialization, optimized, reason, stagnated, wages No Comments »The Toxic Fruit of Financialization: Risk Is for Those at the Bottom
July 27th, 2017 Awake Goy Those who have pushed the risk down the wealth-power pyramid are confident the Federal Reserve will continue to limit the risks of speculative financialization. One of the most pernicious consequences of financialization is the shifting of risk from the top of the wealth-power pyramid to the bottom: those who benefit the most […]
