Michael Hudson The Counter-Enlightenment, its Economic Program – and the Classical Alternative Based on a talk given to Prosper Australia on Friday October 16th, 2009. First published in Progress Magazine – Autumn 2010. Download Progress #1096 here. The last few years have seen Social Democratic and Labour parties fall into disarray throughout the world. Retreating [...]
photo credit: ToOliver2 Dr Gavin Putland Taken from the Dec – Jan edition of Progress.
The new look Progress Magazine, 105 years young, is hitting mailboxes around the country. Get a trial subscription to keep abreast of the frontiers of privatisation and the blowback we are applying. The September edition includes a Hudson special, with leading intellect Dan Sullivan providing insights on the core issues re privilege on land, resources [...]
photo credit: movimente David Smiley (To palliate: to relieve a disease without curing) David Smiley analyses the debate started by Kevin Rudd’s essay entitled ‘The Global Financial Crisis’. While the world’s experts are arguing about how to relieve the pain of recession, few are diagnosing its fundamental cause and fewer still are prescribing a fundamental [...]
photo credit: zachstern Karl Williams Progress Magazine’s editorial column. Make sure you sign up to receive a hard copy of our hard hitting magazine – Trial Subscriptions are available. This time of economic crisis is when we make our run. Politicians, think-tanks, bankers and the commentariat are proving to the public that their voodoo economics [...]
Karl Williams July 2008 It’s one thing to calmly read statistics about climate chaos but a completely different experience to hear the frightening stories from the disaffected. In the remote north-eastern Thai province of Nan, listening to a 60-year-old café proprietor relate how the climate has changed in her lifetime, visions of a freaky future [...]
photo credit: mtbdeano Professor Mason Gaffney Get yourself comfortable – this is Must Read! This crash is The Big One; it has the signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars [...]
“Communally created values must be safeguarded, and it is the function of government to collect into the public treasury the value attaching to land by reason of the presence of the people, as that is the natural source from which public revenue should be drawn.” “This small bespeckled man was always looked upon in the [...]
photo credit: Torley David Smiley All countries save about 25 percent of what they produce, their Gross Domestic Product or GDP, for investment as capital in future production. In national accounts these “savings” include environmental damage and natural resource depletion incurred in the process of production. This does not seem a very good measure of [...]
The Economics of Thailand Karl Williams A conundrum wrapped in a paradox is perhaps the best way to describe Thailand, and its economic system is no exception as our rolling travelogue will illustrate. To pick apart this puzzle, I had the assistance of the only two geoists in Thailand, who were also my gracious hosts [...]