The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Our Jobs Were Offshored, Not Stolen By China
• May 30, 2019
• 100 Words
For more a quarter century I have been explaining that America is not losing jobs to foreign competition but to our own corporations moving the work abroad in order to lower their labor costs and raise capital gains and bonuses for owners and executives. My most recent explanation was May 14 ( ). It only... Read More
Western Supremacy Is On Its Way Out
• May 29, 2019
• 900 Words
On May 28 I wrote that “the Western world is collapsing so rapidly that I am afraid that I am going to outlive it” ( ). My article was about the rising demonization of white people that is producing a collapse in their confidence. Inculcated guilt is making whites willing to accept discrimination against them... Read More
Eudaimonic Economics
• May 14, 2019
• 1,800 Words • 81 Comments • Reply
https://si.wsj.net/public/resources/images/B3-DA266_aristo_HD_20190130102246.jpg Aristotle in blue. The consensus among political and economic leaders today is that we must maximize economic growth. This assumption affects virtually the entire political spectrum, with the exception of a radical minority of anti-growth Greens advocating décroissance (“de-growth”). Everybody would like more money in their personal pocketbook, on their company’s balance sheet, and/or... Read More
Tariffs: The Taxes That Made America Great
• May 14, 2019
• 900 Words • 58 Comments • Reply
As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs." The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports,... Read More
The Tariff Issue
• May 14, 2019
• 800 Words
Wherever I look at US policy, foreign or domestic, I see only insanity, ignorance, and incompetence. Take the issue of tariffs, which is Trump’s mistaken approach to bringing the jobs back home. The tariff “solution” overlooks that offshored US production counts as imports when US firms bring their goods into the US to be marketed.... Read More
Are You Ready for a Worse Dystopia Than 1984?
• May 7, 2019
• 1,100 Words
I have been lonely in my concern with the dire economic implications of robotics, but now Clarity Press has provided me with some company by publishing The Artificial Intelligence Contagion by David Barnhizer and Daniel Barnhizer. It is telling as to the irrelevance of the economics profession that the coauthors are lawyers. The concerns about... Read More
America Needs A Debt Jubilee
• May 6, 2019
• 800 Words
As school children my friends and I were very interested in archaeology and ancient civilizations. We read all the available books. My best friend intended to become an archeologist and to explore ancient ruins about which we imagined more than we actually knew. As far as I can discern these days no one in the... Read More
Apres Moi le Deluge
• May 3, 2019
• 400 Words
I was listening while driving to rightwing talk radio. It is BS just like NPR. It was about the great Trump economy compared to the terrible Obama one. The US hasn’t had a great economy since jobs offshoring began in the 1990s, and with robotics about to launch Americans are unlikely ever again to experience... Read More
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China and Russia: Whoopin' Uncle Sam at His Own Game
• May 2, 2019
• 1,600 Words • 245 Comments • Reply
Your Geopolitical Quiz for the Day: Two countries are embroiled in a ferocious rivalry. One country's meteoric growth has put it on a path to become the world's biggest economic superpower while the other country appears to be slipping into irreversible decline. Which country will lead the world into the future? Country A builds factories... Read More
Does America Have an Economy or Any Sense of Reality?
• May 2, 2019
• 700 Words
We are having a propaganda barrage about the great Trump economy. We have been hearing about the great economy for a decade while the labor force participation rate declined, real family incomes stagnated, and debt burdens rose. The economy has been great only for large equity owners whose stock ownership benefited from the trillions of... Read More
Brexit Is Putting Birmingham's Recent Renaissance at Serious Risk
• April 15, 2019
• 2,300 Words • 28 Comments • Reply
Birmingham, once the manufacturing heart of Britain when it was the workshop of the world, rejuvenated itself after the implosion of its industrial base in the 1980s. That collapse, unimpeded by Margaret Thatcher and the Conservative government, was devastating even by the standards of the time because of Birmingham’s over-dependence on the automobile industry. “This... Read More
Solon, the Wise Lawgiver of Athens
The Delphic Oracle Was Their Davos
A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity
and • April 5, 2019
• 15,700 Words • 108 Comments • Reply
Note: Michael Hudson published … and forgive them their debts: Lending, Foreclosure, and Redemption From Bronze Age Finance to the Jubilee Year in November of last year. It is the first volume in what will be a trilogy on the long history of the tyranny of debt. I have interviewed him extensively as he writes... Read More
Boeing 737 Max: The Upgrade
• March 18, 2019
• 2,000 Words • 883 Comments • Reply
I may be too trusting, but I generally accept upgrades. Several months ago, I willingly accepted an iPhone operating system upgrade, and lost all the Notes I had stored on my phone. These notes contained bank and credit card details, passport details, and other useful things which I have to consult from time to time,... Read More
Boeing's Doomed 737 Max's
• March 16, 2019
• 700 Words • 20 Comments • Reply
I don’t like flying. I consider it unnatural, unhealthy and fraught with peril. But I do it all the time. For me, it’s either fly or take an ox cart. In fact, I’ve been flying since I was six years old – from New York to Paris on a lumbering Boeing Stratocruiser, a converted, double-decker... Read More
The Blame Game? Who's Responsible for the Boeing 737 Crash in Ethiopia?
• March 16, 2019
• 1,800 Words • 29 Comments • Reply
After the second Boeing commercial airliner crashed in Ethiopia killing everyone on board, the FAA should have grounded the rest of the Boeing 737 Max 8 fleet in the interest of passenger safety. That would have helped to shore up public confidence in the FAA while giving Boeing the time it needed to locate and... Read More
Boeing 737 Max: An Artificial Intelligence Event?
• March 11, 2019
• 1,000 Words • 652 Comments • Reply
Conventional wisdom is that it is too early to speculate why in the past six months two Boeing 737 Max 8 planes have gone down shortly after take off, so if all that follows is wrong you will know it very quickly. Last night I predicted that the first withdrawals of the plane would happen... Read More
Is Neoliberalism Killing Russia?
and • March 1, 2019
• 1,500 Words
Putin’s approval rating is high, but it has declined over the past year. The decline is mainly related to domestic policy. Apparently, the public perceives recent Kremlin economic policy as a continuation of the disastrous policies that Washington imposed on Russia in the 1990s when Russia was loaded up with foreign debt while state assets... Read More
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Survival of the Richest
All Are Equal, Except Those Who Aren’t
• February 26, 2019
• 2,600 Words • 133 Comments • Reply
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it. In terms of Newton’s first law of motion: those... Read More
Nomi Prins: Building a Great Wall of Wealth
• February 26, 2019
• 400 Words • 10 Comments • Reply
Honestly, the inequality gap in America should stagger the imagination or, on second thought, maybe it shouldn’t, not with the first billionaire in the White House and at least two more threatening to join him in a run for the presidency in 2020. After all, we now live on the planet of the billionaires. In... Read More
Brexit or No Brexit, for Many in South Wales Life Offers Few Prospects
• February 22, 2019
• 2,300 Words • 12 Comments • Reply
The one million people living in the south Wales valleys, a place that was once the engine room of the Industrial Revolution in Britain, are poorer today than the population of parts of Bulgaria, Romania and Poland. Unsurprisingly, they have few good things to say about anybody in authority – the EU in Brussels, the... Read More
Eight Principles of a Socialist Political Economy with Chinese Characteristics
• February 19, 2019
• 1,300 Words • 11 Comments • Reply
China’s political process is probably the most transparent of any major nation’s. Because their bios and track records are constantly updated online everyone is thoroughly conversant with the top one thousand aspirants for leadership and even American observers correctly predicted Xi Jinping’s elevation to the presidency. Everyone knows exactly what the government has promised, what... Read More
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War with China?
It’s Already Under Way
• February 17, 2019
• 3,300 Words • 184 Comments • Reply
In his highly acclaimed 2017 book, Destined for War, Harvard professor Graham Allison assessed the likelihood that the United States and China would one day find themselves at war. Comparing the U.S.-Chinese relationship to great-power rivalries all the way back to the Peloponnesian War of the fifth century BC, he concluded that the future risk... Read More
Who Does Government Serve?
Whose interests are served when Pelosi sells out health care and Pompeo sells out peace?
• February 14, 2019
• 1,200 Words
The US health system is the most high cost and dysfunctional health care system in the world. The reason is that it is privatized. In the rest of Western civilization the system is socialized. The reason health care is socialized in civilized countries is not only to provide health care to citizens who otherwise could... Read More
Laughter for All (Financial) Times
• February 13, 2019
• 1,600 Words • 8 Comments • Reply
Introduction In these times, when the United States pursues an unprecedented military build-up, promotes coups and trade wars, breaks weapons agreements, organizes the illegal seizure of overseas financial accounts, building barriers and walls along the southern border, Washington can count on the mass media to provide a variety of propaganda messages, ranging from the predictable... Read More
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Making Globalism Great Again
• February 11, 2019
• 1,600 Words • 183 Comments • Reply
Maybe Donald Trump isn’t as stupid as I thought. I’d hate to have to admit that publicly, but it does kind of seem like he has put one over on the liberal corporate media this time. Scanning the recent Trump-related news, I couldn’t help but notice a significant decline in the number of references to... Read More
“Coming Apart” Revisited
Life History Theory and the Crisis of the White Working Class
• February 8, 2019
• 3,400 Words • 113 Comments • Reply
One of the best-selling nonfiction books of 2012 was Charles Murray’s Coming Apart: The State of White America, 1960–2010.[1] It was widely reviewed, including an informative essay by Roger Devlin in this publication.[2] As stated in the subtitle, Murray focused on White Americans, and he saw a growing class divide among this demographic. Paradoxically, by... Read More
Saker Interview with Michael Hudson on Venezuela
and • February 7, 2019
• 3,000 Words • 214 Comments • Reply
The Saker: Could you summarize the state of Venezuela’s economy when Chavez came to power? Michael Hudson: Venezuela was an oil monoculture. Its export revenue was spent largely on importing food and other necessities that it could have produced at home. Its trade was largely with the United States. So despite its oil wealth, it... Read More
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Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
• February 1, 2019
• 3,700 Words • 199 Comments • Reply
The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars... Read More
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Huawei, 5G and the Fourth Industrial Revolution
Shooting Two Feet With One Bullet
• January 29, 2019
• 2,000 Words • 466 Comments • Reply
5G is a national productivity tool whose benefits, like those we derive from our railways, are less noticeable to end users yet critical to industry and commerce. 5G is 20 times faster than 4G, serves as the fast backbone of the “Internet of Things”(IoT), handles a million connected devices/km2 simultaneously with millisecond latency and uses... Read More
Fire the Fed?
• January 21, 2019
• 600 Words • 7 Comments • Reply
President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning... Read More
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South Africa’s Protection Racket
Rainbow Nation shows its colors
• January 18, 2019
• 4,500 Words • 95 Comments • Reply
South Africa is an ongoing topic of concern among the dissident right, which views it as a cautionary tale about the dangers of becoming a minority in your own country. The Rainbow Nation has been largely ignored by the mainstream media since the end of apartheid, but last year Donald Trump scandalized the global establishment... Read More
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Immigration, Building a Wall, and Hispanic Crime
• January 14, 2019
• 5,800 Words • 874 Comments • Reply
Back in November I published a long column discussing the results of the 2018 midterm elections and then a couple of weeks ago I also released a private letter I'd distributed to prominent figures in the Alt-Right movement back in 2017, suggesting some of the ways that their public positions had severely damaged their credibility... Read More
The Convergence Hoax
• January 12, 2019
• 3,100 Words • 437 Comments • Reply
http://i.imgur.com/Q78M7l9.jpg I am among the few to have had the good fortune of growing up in France. I did know that most of the world was poorer than my country and that some people in far away and not-so-far away lands were still dying in wars. But talk of “globalization” was already all the rage... Read More
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Placing the USA on a Collapse Continuum with Dmitry Orlov
• January 11, 2019
• 4,800 Words • 382 Comments • Reply
The word 'catastrophe' has several meanings, but in its original meaning in Greek the word means a "sudden downturn" (in Greek katastrophē ‘overturning, sudden turn,’ from kata- ‘down’ + strophē ‘turning’). As for the word "superpower" it also has several possible definitions, but my preferred one is this one "Superpower is a term used to... Read More
Walls or Roads
• January 11, 2019
• 1,000 Words • 13 Comments • Reply
History is told by Walls and Roads which have marked significant turning points in the relation between peoples and states. We will discuss the story behind two walls and one road and the circumstances which surround them and their consequences. The Berlin Wall In the aftermath of World War II, Europe was divided between East... Read More
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President Trump’s Losing Strategy: Embracing Brazil and Confronting China
• January 8, 2019
• 1,500 Words • 171 Comments • Reply
Introduction The US embraces a regime doomed to failure and threatens the world’s most dynamic economy. President Trump has lauded Brazil’s newly elected President Jair Bolsonaro and promises to promote close economic, political, social and cultural ties. In contrast the Trump regime is committed to dismantling China’s growth model, imposing harsh and pervasive sanctions, and... Read More
China Overrated by Right-Wing Kooks
These Crazies Are Just Like Hitler
• January 6, 2019
• 1,200 Words • 308 Comments • Reply
One often sees the silly assertion by right-wing extremists that feminists, social justice warriors, and other “cranks” are enstupidating American education. The purpose, according to these fascists, who are just like Hitler, is “to make historically incompetent groups look competent.” The racism in these absurd claims is obvious. In particular such Neo-Nazis say that mathematical... Read More
The Latest Job Report Is Another Fiction
• January 4, 2019
• 200 Words
There were not 312,000 new jobs created in December. Never mind. Where does the Bureau of Labor Statistics tell us the jobs are. Health care and social assistance together with leisure and hospitality account for 36% of the new jobs, with 40,000 new waitresses and bartenders. Retail trade (possible as December is the Christmas month)... Read More
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Orbánomics, or the Return of National Economics
• January 2, 2019
• 2,200 Words • 137 Comments • Reply
I do not believe that GDP growth – or the pursuit of wealth in general – ought to be an end in itself. Nonetheless, the fact is that virtually all countries today do consider the production and redistribution of wealth to be a fundamental goal. In this context, GDP per capita (minus wealth from national... Read More
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The Mystery of American Power
• December 20, 2018
• 4,400 Words • 266 Comments • Reply
Probably the single most important political fact about the modern world has been the steady rise of the United States of America. From a geopolitical point of view, the United States really is in a class of its own. While the Soviet Union might have rivaled the U.S. militarily, and while China and the European... Read More
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Wall Street, Banks, and Angry Citizens
The Inequality Gap on a Planet Growing More Extreme
• December 13, 2018
• 2,400 Words • 90 Comments • Reply
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to... Read More
Huawei CFO Meng Wanzhou
Averting World Conflict with China
The PRC Should Retaliate by Targeting Sheldon Adelson's Chinese Casinos
• December 13, 2018
• 1,800 Words • 964 Comments • Reply
As most readers know, I'm not a casual political blogger and I prefer producing lengthy research articles rather than chasing the headlines of current events. But there are exceptions to every rule, and the looming danger of a direct worldwide clash with China is one of them. Consider the arrest last week of Meng Wanzhou,... Read More
Nomi Prins: A World That Is the Property of the 1%
• December 13, 2018
• 400 Words • 12 Comments • Reply
This year, I simply couldn’t get one fact out of my head: according to a 2017 report from the Institute for Policy Studies, three billionaires -- Jeff Bezos, Warren Buffet, and Bill Gates -- have amassed as much wealth as the bottom half of American society. That’s 160 million people! (And unlike our president, I... Read More
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Social Credit, Datong Dreams
• December 7, 2018
• 4,000 Words • 170 Comments • Reply
For centuries Western monarchs derived legitimacy from a God Who lent authority to the laws they promulgated. The simultaneous demise of God and the monarchic principle in 1918 left the law legitimized by force alone and, a century later, our distrust[1] suggests that it has failed to converge with the ethical. Things were little better... Read More
h/t @piquremoraline
The Economics of the Great Replacement
• December 7, 2018
• 2,600 Words • 173 Comments • Reply
Modern societies are characterized by easy living and an increasingly feminized and infantilized culture. The result is that modern man is no longer motivated by spirituality or honor, but purely by lower drives, such as gibs, security, and the pursuit of comfiness. The great majority of people, and by extension just about all societies, are... Read More
Les Gilets Jaunes – A Bright Yellow Sign of Distress
• December 3, 2018
• 3,300 Words • 438 Comments • Reply
Every automobile in France is supposed to be equipped with a yellow vest. This is so that in case of accident or breakdown on a highway, the driver can put it on to ensure visibility and avoid getting run over. So the idea of wearing your yellow vest to demonstrate against unpopular government measures caught... Read More
Comparing China and America
Economies Diverge, Police States Converge
• November 28, 2018
• 1,700 Words • 343 Comments • Reply
I have followed China’s development, its stunning advance in forty years from impoverished Third World to a huge economy, its rapid scientific progress. Coming from nowhere it now runs neck and neck with the US in supercomputes, does world-class work in genetic engineering and genomics (the Beijing Genomics Institute), quantum computing and quantum radar, in... Read More
Cheng Two: More Notes on Two Weeks in China
• November 20, 2018
• 1,200 Words • 212 Comments • Reply
This is my second column on the two weeks that Vi and I just spent in Chengdu, China. It is meant not so much as a travelogue as a snapshot of what is going on in an economic juggernaut. Judging by email from readers, many do not realize the scope and scale of China’s advance.... Read More
“Moral Hazard” vs Mutual Aid
How the Bronze Age saved itself from debt serfdom
• November 20, 2018
• 1,700 Words • 34 Comments • Reply
There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate has has quickly slipped into a discussion of modern economies and whether it was moral to cancel the debts of people who are... Read More
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Everything You Thought You Knew About Western Civilization Is Wrong
A Review of Michael Hudson’s new book AND FORGIVE THEM THEIR DEBTS
• November 16, 2018
• 2,700 Words • 183 Comments • Reply
To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order of saying that the Mariana Trench is deep. To grasp his central argument is so alien to our modern way of... Read More
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Category Classics
Immigration, Building a Wall, and Hispanic Crime
• 874 Comments • Reply
Immigration, Republicans, and the End of White America
The sources of America’s immigration problems—and a possible solution
• 167 Comments • Reply
Raising American Wages...By Raising American Wages
A simple remedy for income stagnation
• 144 Comments • Reply
China's Rise, America's Fall
Which superpower is more threatened by its “extractive elites”?
• 174 Comments • Reply
Krugman vs. Stockman
ABC's Epic Steel-cage Smackdown
• 3 Comments • Reply
The Worsening Debt Crisis: Who Got Us Into This Mess and What Are the Real Political Options?
An Interview with Economist Michael Hudson
and
• 1 Comment • Reply