A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.
The Bubble and Beyond, describes how the fabulous expansive forces of industrial capitalism have been subverted by a predatory finance capitalism. What the FED hailed as The Great Moderation has left the middle class to take on a lifetime of bank debt to obtain access to housing, education to get a job, an auto to drive to it, and simply to maintain living standards that wages and salaries no longer support. What has derailed the economy is the take-over of academic economics and politics by the financial sector in order to censor criticism and misrepresent statistics so as to give the impression that the economy can borrow its way out of debt. The reality is that income used to pay down today s debt overhead is not available to be spent on goods and services. The result is debt deflation, followed by austerity and the the "fire sale" or decay of infrastructure at the national and local levels. The most controversial claim by Prof. Hudson is that Debts that can t be paid, won t be. The question he poses is whether their non-payment will lead to worldwide foreclosures including sell-offs of the public domain by debt-strapped local and national governments or whether they will be written down in line with the ability to pay. This is the economic issue that will dominate politics over the next generation. Illustrated with charts and exhibits that make it plain where money goes versus where it should go.
Spengler's work describes how we have entered into a centuries-long "world-historical" phase comparable to late antiquity, and his controversial ideas spark debate over the meaning of historiography.
From the visionary bestselling author of The Second World and How to Run the World comes a bracing and authoritative guide to a future shaped less by national borders than by global supply chains, a world in which the most connected powers—and people—will win. Connectivity is the most revolutionary force of the twenty-first century. Mankind is reengineering the planet, investing up to ten trillion dollars per year in transportation, energy, and communications infrastructure linking the world’s burgeoning megacities together. This has profound consequences for geopolitics, economics, demographics, the environment, and social identity. Connectivity, not geography, is our destiny. In Connectography, visionary strategist Parag Khanna travels from Ukraine to Iran, Mongolia to North Korea, Pakistan to Nigeria, and across the Arctic Circle and the South China Sea to explain the rapid and unprecedented changes affecting every part of the planet. He shows how militaries are deployed to protect supply chains as much as borders, and how nations are less at war over territory than engaged in tugs-of-war over pipelines, railways, shipping lanes, and Internet cables. The new arms race is to connect to the most markets—a race China is now winning, having launched a wave of infrastructure investments to unite Eurasia around its new Silk Roads. The United States can only regain ground by fusing with its neighbors into a super-continental North American Union of shared resources and prosperity. Connectography offers a unique and hopeful vision for the future. Khanna argues that new energy discoveries and technologies have eliminated the need for resource wars; ambitious transport corridors and power grids are unscrambling Africa’s fraught colonial borders; even the Arab world is evolving a more peaceful map as it builds resource and trade routes across its war-torn landscape. At the same time, thriving hubs such as Singapore and Dubai are injecting dynamism into young and heavily populated regions, cyber-communities empower commerce across vast distances, and the world’s ballooning financial assets are being wisely invested into building an inclusive global society. Beneath the chaos of a world that appears to be falling apart is a new foundation of connectivity pulling it together. Praise for Connectography “Incredible . . . With the world rapidly changing and urbanizing, [Khanna’s] proposals might be the best way to confront a radically different future.”—The Washington Post “Clear and coherent . . . a well-researched account of how companies are weaving ever more complicated supply chains that pull the world together even as they squeeze out inefficiencies. . . . [He] has succeeded in demonstrating that the forces of globalization are winning.”—Adrian Woolridge, The Wall Street Journal “Bold . . . With an eye for vivid details, Khanna has . . . produced an engaging geopolitical travelogue.”—Foreign Affairs “For those who fear that the world is becoming too inward-looking, Connectography is a refreshing, optimistic vision.”—The Economist “Connectivity has become a basic human right, and gives everyone on the planet the opportunity to provide for their family and contribute to our shared future. Connectography charts the future of this connected world.”—Marc Andreessen, general partner, Andreessen Horowitz “Khanna’s scholarship and foresight are world-class. A must-read for the next president.”—Chuck Hagel, former U.S. secretary of defense This title has complex layouts that may take longer to download.
Historical and systematic in its treatment, this work reviews the idea of progress in Western thought as it relates to civilization, in a more comprehensive survey than is to be found in previous writings on the subject. In the author's view, the history of civilization reveals an increasing range of human capacity, both for good and for evil, depending upon men's choice between contending values. From this standpoint, the work proceeds to the exploration of such fields of social activity as the evolution of the family, the emancipation of women, economic conditions and technology, intellectual and aesthetic values, moral and religious experience. Civilization and Progress is marked by balanced and judicious treatment, very broad learning, and a lucid and forceful style. The author asks us to consider the alternatives we face and to reflect on the choices which men have made in the past, which confront us in the present world crisis, and on which our destiny hangs in the future. Seminal in scholarship and creativity, this work will interest those concerned with the Western intellectual tradition and with the condition of mankind.
LABOR IN THE ANCIENT WORLD Edited by Piotr Steinkeller and Michael Hudson. The fifth volume in this series sponsored by the International Scholars Conference on Ancient Near Eastern Economies (ISCANEE) and the Institute for the Study of Long-Term Economic Trends (ISLET) offers case studies on how labor was mobilized and remunerated in the early Near East and Mediterranean world. The initially voluntary character of labor on public building projects evolved into corvee as the primary way of obtaining labor. Among other characteristics are the minor significance of slave labor; the role of large building projects as a tool of social and political integration; the use of hired workers as a way of dealing with the systemic shortage of labor, and the practice of compensating the employees of large organizations with salaries in food and/or land allotments. By late Neolithic times the obligation to supply corvee labor services became the basis for assigning land tenure. The historical data demonstrate that the corvee labor tax became the basis for assigning property rights, not a later intrusion on these rights. (2015) Other books in this series: PRIVATIZATION IN THE ANCIENT NEAR EAST AND CLASSICAL WORLD Edited by Michael Hudson and Baruch A. Levine. Archaeologists, economists, and Assyriologists describe the increasingly private control of land, handicraft workshops, and credit from the Bronze Age through classical antiquity. (1996) URBANIZATION AND LAND OWNERSHIP IN THE ANCIENT NEAR EAST Edited by Michael Hudson and Baruch A. Levine. The impact of debt, private land ownership, and urbanization on ancient societies as evidenced by archaeological data, surviving financial records, and other documents. (1999) DEBT AND ECONOMIC RENEWAL IN THE ANCIENT NEAR EAST Edited by Michael Hudson and Marc Van De Mieroop. The origins of interest-bearing debt and its dynamics from Sumer down through the Neo-Babylonian epoch, and the tradition of royal Clean Slates that later became the Biblical Jubilee Year. (2002) CREATING ECONOMIC ORDER RECORD-KEEPING, STANDARDIZATION AND THE DEVELOPMENT OF ACCOUNTING IN THE ANCIENT NEAR EAST Edited by Michael Hudson and Cornelia Wunsch. The extent to which accounting practices shaped economic life from early Uruk (c. 3300 BC) through the Neo-Babylonian period, as well as in Egypt, Crete, and Mycenaean Greece. (2004) "
An epic journey through the economies of ancient civilizations, and how they managed debt versus social instability. Shocking historical truths about how debt played a central role in shaping (or destroying) ancient societies (viz: Rome), and that the Bible is preoccupied with debt, not sin, which has been disturbingly inverted in modern times.
Using the theoretical tools drawn from historical materialism and deconstruction, Tzouvala offers a comprehensive history of the standard of civilisation.