Month: April 2025

China as America’s heir

Michael Hudson, in an excellent analytical article on geopolitical economy, reminds us that the current Chinese economic model is actually a slightly modernised copy of what the US economy was…

On real wages

To argue that wages are rising or falling (either in nominal or real terms) is simply a fraud unless you take into account household expenditure on housing, health, education and…

The riddle of Harvard

President Trump has declared open war on Harvard University. If he is serious about taking power, he has no choice. With an annual turnover of more than six billion dollars,…