By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…
The commodification and expansion of credit and the transformation of housing from shelter to speculation doomed the nation to debt-serfdom.
How did America become a land of debt-serfs? We can trace our debt-serfdom to three core dynamics which now…
August 11, 2011
As Dizzying Week Ends on Wall Street, Dangers Linger
By ERIC DASH and CHRISTINE HAUSER
One of the most tumultuous weeks on Wall Street ended on Friday with the markets not that far from where they started, but with worries about the Un…
