August 25th 2018


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Articles from this issue:

COVER STORY Current policies leave farmers high and dry in drought

CANBERRA OBSERVED Captain and Lieutenant's $444 million munificence

MEDICAL ETHICS Changes to AHPRA's code of conduct would gag doctors

FOREIGN AFFAIRS Trump delivers for U.S. economy and workers

CHILDREN AND SOCIETY Treating depressed children: How will history judge us?

PRIVACY Big Brother is marketing you

THE FAMILY Humanae Vitae: a prophetic document at 50

SOCIETY AND MORES Novel features of child sexual abuse in our time

EUTHANASIA International expert emphasises palliative care

BIOGRAPHY The trouble with Harry (Freame) is that we've forgotten him

OPINION Just asking ... sauce for the goose ...?

HISTORY Christianity has died. Agreed, and yet ...

MILITARY HISTORY The volunteering spirit proves best in the test

HUMOUR

MUSIC Chilly exposure: The sound and the fury

CINEMA Mission Impossible: Fallout: Ethan Hunt, knight errant

BOOK REVIEW A good diagnosis enables the cure

BOOK REVIEW End of the American empire?

LETTERS

POETRY

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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