China and other East Asian countries were able to deal with the coronavirus pandemic much better than most Western countries. Both the number of infections and the mortality rate were lower than in Western countries by two orders of magnitude. Besides, economic recession associated with the...

Corporations increasingly dominate the U.S. civil justice system, as Marc Galanter explains in his recent article, Planet of the APs: Reflections on the Scale of Law and its Users, 53 Buffalo L. Rev. 1369 (2006). My article builds on Galanter's discussion of corporate legal power by subjecting...

On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. What follows is a transcript of the conversation. A recording of the discussion is available at...

This paper investigates the timing of labour strikes in Hollywood. The occurrence of strikes, such as the WGA and SAG-AFTRA strikes in 2023, can make sense when we have the hindsight to piece together the historical details of what created rifts between labour and management. But was 2023 a...

El 3 de diciembre de 2024, Michael Hudson se reunió con los investigadores del capital como poder Jonathan Nitzan, Tim Di Muzio y Blair Fix para discutir las intersecciones entre sus dos líneas de investigación. Lo que sigue es una transcripción de la conversación.

As billionaires dance in the halls of the second Trump administration, it’s haunting how well Plutarch’s two-thousand-year-old words describe the state of American politics. It’s a barren landscape of plutocratic insatiability. *** How did it get this way? *** One way to tell the story is...

In the post communism regime, the responsibility of economic development has largely been shifted to private sector. The increasing role of private sector enterprises introduced the new concepts of corporate social responsibility (CSR), democratization in business and finance, corporate culture,...

Although many economists do a serious and respectable work, main stream economic theory contains an almost complete disregard for the importance of social, cultural and political structures which are the very foundation of the society. Worse than that, such disregard is developed into arrogance...

In many parts of the world, industrialisation has been an outcome of their capitalist development, with profit seeking capitalists serving as its agents. Differences in the characters of this class of agents, shaped by their origins and their mutual interaction with actual industrialisation...

Dieser Beitrag stellt mit Hilfe der Ordonomik einen systematischen Zusammenhang zwischen zwei unterschiedlichen Literaturen her, deren Fragestellungen zunächst inkommensurabel erscheinen: zwischen der akteurszentrierten Social Entrepreneurship-Literatur und der auf Institutionen ausgerichteten...