February 24th 2018


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Articles from this issue:

COVER STORY Weatherill demand places Murray-Darling in jeopardy

EDITORIAL China completes island building in South China Sea

CANBERRA OBSERVED Greens: wouldn't know a cowardly act if they did one

REDEFINITION OF MARRIAGE Government forms say it is fluid gender marriage

FREEDOM AND LAW Gender and anti-discrimination: wedges between you and freedom

HISTORY A look back at B.A. Santamaria gives us a forward impulse

GENDER POLITICS Transgenderism: A state-sponsored religion

LAW AND SOCIETY Protecting freedom of religion in Australia

HISTORY Hungary, 62 years on from the anti-Soviet uprising

MUSIC Reel to real: Johann Johannsson, RIP

CINEMA Sweet Country: Sour taste of bush justice

HUMOUR

BOOK REVIEW Lessons from the UK front of the GFC

BOOK REVIEW The dragon has woken and rumbled

BOOK REVIEW Recovery manual for morals and culture

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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