Empire, Power, and People with Andrew Gavin Marshall- Episode 91

Empire of Debt This episode examines the contours of how debt relates to imperialism in the modern world, noting its recent history from the oil price shocks to the 1980s debt crisis, the implementation of neoliberal reforms, central bank “independence” and the power of financial markets. Debt functions as a means of dependency and discipline, […]

Empire, Power, and People with Andrew Gavin Marshall- Episode 90

The Very Visible Hand of Financial Markets Today Thus goes the mythology, financial markets – like most markets – are said to be guided by an “invisible hand.” Like most mythology, it has little basis in fact. Today, financial markets are in actuality a “super-entity” cartel of global financial institutions, manifested as a “global supra-government” […]