The Shift Eastward: World's Biggest Banks 1999 and 2009
One interesting indicator of the financial shift eastward and the rise of China is indicated in the first two graphs, just over the fold (hat-tip: Syd Walker). As Michael Hudson … Continue reading
Meltdown Geography: How the crash will reshape America
Most of us live in urban areas and depend, in no small measure, on the networks and amenities a city provides: its infrastructure, its creative hubs, its unique places. The … Continue reading
James Petras: Regional Wars and the Decline of the US Empire
James Petras’s latest essay [.pdf], ‘World Depression: Regional Wars and the Decline of the US Empire’ is excerpted below, wherein he combines an analysis of world economic prospects with his … Continue reading
Infinite Debt: The Legalised Crime Of Usury
One of the key contributing causes that led to the financial “crisis”, by Thomas Geoghegan’s reckoning, is the legalisation of usury. Related to and coupled with this, anti-labour laws and … Continue reading
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