September 23rd 2017


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Articles from this issue:

COVER STORY Labor's vision for a transgender world

EDITORIAL Liddell closure: acid test for Turnbull

EUTHANASIA We risk turning our doctors into death dealers

DOCUMENTARY Harvested Alive: killing Falung Gong in China

AGENDA FOR AUSTRALIA Distorted jobless stats defeat planning efforts

ENVIRONMENT Hurricane Harvey: don't let a good disaster go to waste

AFL GRAND FINAL Bob Santamaria predicted the sunset of Aussie Rules

HISTORY After 500 years, is sugar going sour?

IDEOLOGY OF TRANSGENDERISM Reshaping our identities and relationships

MUSIC The Sequence: it's elementary

CINEMA The Hitman's Bodyguard: 'Eighties' action with popcorn

BOOK REVIEW One of globalisation's dwindling band

POETRY

HUMOUR

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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