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Tag Archives: Privatization

Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group

Yves here. Michael Hudson called this interview a summary of his overall economic philosophy, so I hope you will enjoy it. Needless to say, it also covers a lot of ground. One point where I hate to quibble is his call for 100% reserve backed banks. This is a very old idea, called narrow banking, advocated during the Great Depression by Yale economist Irving Fisher, infamous for declaring stocks at a permanently high plateau right before for 1929 crash. Fisher redeemed himself by identifying...

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New York City Subway Flooding Demonstrates Transit System Vulnerability to Climate Change

Yves here. Climate change reporting has had plenty of big stories to chase of late: baked Alaska, the superheated Pacific Northwest, oceans and Siberia burning, the odds of yet another bad fire season in California. But super heavy rains in New York City just produced severe subway flooding, and not with a hurricane Sandy storm surge as the proximate cause. The new normal of wilder weather puts even more stress on already creaky public transportation systems. By Jose Martinez. Originally...

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U.S. Southwest, Already Parched, Sees ‘Virtual Water’ Drain Abroad

By Diana Kruzman, a freelance journalist who focuses on understanding how climate change is impacting communities around the world. Originally published in Undark. This article was supported by The Water Desk, an independent journalism initiative based at the University of Colorado Boulder’s Center for Environmental Journalism. It was also made possible, in part, by the Fund for Environmental Journalism of the Society of Environmental Journalists. Driving into southern California’s Palo Verde...

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The COVID-19 Catastrophe in India Keeps Growing

Yves here. Even from what Americans can infer at a remove and with our sanitized reporting, Covid is a national emergency in India with international implications. The scale of the contagion and the breakdown of hospitals means the human tragedy will continue. It won’t simply decimate families and villages but will also thin the ranks of medical professionals. And so many people afflicted with an out of control contagion also means the odds of producing even more troubling and potentially...

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Pricey Learning Pods Are Now Helping Vulnerable Students. Will the Trend Survive the Pandemic?

Yves here. I wish someone could provide a range of guesstimates as to what various interventions in schools would cost to improve ventilation, as opposed to learning pods at $13,000 a semester. The problem, as anyone who has spent much time in NYC or other East Coast cities knows, most schools are old, and some are even antiques. But older schools would have windows that were originally designed to open, and one would assume could be or in most cases were fitted with screens. In any event,...

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Incomplete and Indecisive USPS Board Flounders and Awaits Direction

Yves here. Sorry to be the bearer of less than cheery tidings on the USPS front. Despite Biden moving to fill empty USPS board seats and achieve more party-balanced oversight, true to Biden’s branding, nothing fundamental will change, at least anytime soon. Sadly, it does not look like pressure from “progressives” or even the general public is having much impact. Contrast the sober piece below with the #2 story at Common Dreams: Senator Demands Postal Board Fire DeJoy Over ‘Pathetic 10-Year...

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Scandal-Splattered UK Outsourcing Giant, Serco, Sets Sights on the Ultimate Gravy Train: U.S. Defense Contracting

The company has been repeatedly caught falsifying records, at times on a gargantuan scale. Now it is seeking opportunities in an industry where money routinely disappears in the trillions. What could possibly go wrong? UK outsourcing giant Serco has a long history of failing to deliver. But every time it does, it has a knack of picking up even more lucrative projects once the dust has settled from the ensuing scandal. It has been repeatedly accused — and occasionally found guilty — of...

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Global Coup d’État: Mapping the Corporate Takeover of Global Governance

Yves here. Even though the title of this interview might seem hyperbolic, the top wealthy, who have no strong loyalty to countries or societies, are using both the muscle of international companies and transnational organizations to further hollow out governments and reduce democratic accountability, with a new “global governance” model. It’s the newest flavor of the old neoliberal playbook, of bending government and society to the pet wishes of commerce. Measures like “investor-state...

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Michael Hudson – Changes in Super Imperialism

Yves here. Get a cup of coffee. This is another meaty talk with Michael Hudson, this time focusing on his classic Super Imperialism. Hudson has an updated and expanded version set to go to print soon. By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “and forgive them their debts”: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee...

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Betsy DeVos Is Gone, But Her Education Agenda Is Rolling Out Across the Country

Yves here. Funny how Betty DeVos was, according to the liberal and leftist press, one of the worst in the pantheon of Trump Administration monsters, yet remarkably little has been said on how much of her education-as-rentierism is merrily moving forward across the US. By Jeff Bryant, a writing fellow and chief correspondent for Our Schools and a communications consultant, freelance writer, advocacy journalist, and director of the Education Opportunity Network, a strategy and messaging center...

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