June 2nd 2018


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Articles from this issue:

COVER STORY The Greens: the political equivalent of bilgewater

EDITORIAL Malaysian election sends shockwaves across South-East Asia

GENDER AND SPORT Transgender playing in women's football league gains attention

CANBERRA OBSERVED Beyond tomorrow a bridge too far for politicians to plan

ENERGY Why renewables destabilise the power grid

LAW AND FREEDOM Exemptions: at issue with Dr Zimmermann

INTERNATIONAL AFFAIRS Behind the U.S.-North Korea rapprochement

INTERNATIONAL AFFAIRS Two to tango: Where to now for U.S. and China?

LIFE ISSUES So, is this not pro-life?

POLITICS AND CULTURE The West won the world but may lose its soul

MILITARY BIOGRAPHY Commanders: the men who resolve questions of life and death

HUMOUR

MUSIC Eurovision: Wailing and gnashing of teeth

CINEMA Superhero movies: A Chestertonian consideration

BOOK REVIEW A man for all seasons and hemispheres

BOOK REVIEW Mid-century gem of Catholic fiction

POETRY

LETTERS

Books promotion page

Killing the Host: How Financial Parasites and Debt Destroy the Global Economy

Michael Hudson

$80.25


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(ISLET, Kansas City)
Paperback: 440 pages
ISBN: 9783981484281
Price: AUD$80.25

Book description

Killing the Host exposes how finance, insurance, and real estate (the FIRE sector) have gained control of the global economy at the expense of industrial capitalism and governments. The FIRE sector is responsible for today’s economic polarisation (the 1 per cent v the 99 per cent) via favoured tax status that inflates real estate prices while deflating the “real” economy of labour and production. The Great 2008 Bailout saved the banks but not the economy, and plunged the U.S., Irish, Latvian and Greek economies into debt deflation and austerity. This book describes how the phenomenon of debt deflation imposes austerity on the U.S. and European economies, siphoning wealth and income upward to the financial sector while impoverishing the middle class.

About the author

Michael Hudson, the president of the Institute for the Study of Long-Term Economic Trends, is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is also a Research Associate at the Levy Economics Institute of Bard College and is the author of Super Imperialism and The Bubble and Beyond.


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