Trade Advantage Replaced by Rent Extraction

This interview has gone viral with over a dozen sites posting it, including Naked Capitalism, Truth Out and Max Keiser. Prof Michael Hudson was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Hudson...

The mystery of unearned income

As published today on Truthout The wealth gap is dividing society at an astonishing rate as the lessons from the Great Recession are helicoptered away. QE3 has worked for Wall St but little else. Over 30 nations are facing the shock and awe of property bubbles as the...
Harnessing Monopoly to Finance Government

Harnessing Monopoly to Finance Government

The Total Resource Rents of Australia report finds the complete removal of income, company and sales tax is possible by replacement with a tax on monopolies such as water trading, cyber squatting, taxi licenses and land. “Economists have for hundreds of years pointed...

Total Resource Rents of Australia

Major Findings The Total Resource Rents of Australia report finds: The influence of monopoly is 10 times greater than mainstream economists acknowledge. Economic rents are a significant component of the Australian economy, comprising 23.6% of GDP. Almost half of all...