Michael Hudson: The End of Western Civilization – Why It Lacks Resilience, and What Will Take Its Place

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Some observers of world affairs feel that Michael Hudson is the world’s greatest living economist.

Read Professor Hudson’s masterful perception/analyis of economic history and current economic conditions from his maximally-wide perspective – based on an immense knowledge of the subject obtained through decades of intense research and focused study, and there’s a very good chance you will agree and feel his Earth-sweeping message is of extraordinary significance for humanity now, during these unprecedented precarious days on Earth in July 2022…

The New Dark Age

Monday, 11 July 2022 — Michael Hudson

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.

The greatest challenge facing societies has always been how to conduct trade and credit without letting merchants and creditors make money by exploiting their customers and debtors. All antiquity recognized that the drive to acquire money is addictive and indeed tends to be exploitative and hence socially injurious. The moral values of most societies opposed selfishness, above all in the form of avarice and wealth addiction, which the Greeks called philarguria– love of money, silver-mania. Individuals and families indulging in conspicuous consumption tended to be ostracized, because it was recognized that wealth often was obtained at the expense of others, especially the weak.

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COUNTERPUNCH: How to Cope With the Deep State

Alfred de Zayas' Human Rights Corner

BY ALFRED DE ZAYAS

JANUARY 21, 2022

Link to original article:https://www.counterpunch.org/2022/01/21/how-to-cope-with-the-deep-state/

Photo credit: Herbert Bayer/Private Collection/Christie’s Images/Bridgeman Images

Persons moderately informed have a vague idea of what the « deep state » means. Of course, we do not see the « deep state », but only evidence of its impacts. We discern contours through the actions of its agents – imbalances, arbitrariness, dislocations, extrapolations, logical leaps.

One cannot rely entirely on deductive reasoning (top-down logic) or inductive logic (bottom-up), because in a world ofgovernmental secrecy, “fake news” and “fake law”, our very premises are uncertain. We can try inductive reasoning and base ourselves on our own observations and other empirical data, but we must acknowledge that our sample is woefully incomplete.

Some persons tend to dismiss narratives about the “deep state” as a kind of « conspiracy theory ». Out of sight, out of mind. We perceive the day…

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