money

Vladimir Morozov08.01.2026

Modern financial capitalism is nothing less than a debt economy. And the main component of a debt economy, its “torque,” is credit money. Credit money is qualitatively different from its predecessor, “commodity money,” which had a very specific intrinsic value (labor expended), and a specific commodity (cattle, hides, wheat, etc.) served as the so-called “universal […]

Vladimir Morozov11.12.2025

Real income growth is happening! Citizens are wondering who exactly is getting it. “Dear Russians”—especially those who regularly read or listen to Rosstat or Central Bank reports—know well that citizens’ real incomes have been growing at a breakneck pace for five years in a row. There’s no escape. Russians no longer know what to do […]

Robert Reich10.12.2025

As you know by now, I don’t like raising big problems without offering big potential solutions. The big problem I want to talk about today is that CEO pay has become utterly untethered from reality. When I was a young man in the 1960s and ’70s, CEOs typically made 20 to 30 times the pay […]

Vladimir Morozov07.12.2025

Previous Article: Economics and Chrematistics Its conflict with the economic doctrine of Christianity before its split into Orthodoxy and Catholicism. The art of “making money” To understand why the world ultimately arrived at the financial capitalism of the last third of the 20th century and the first third of the 21st century, and why “monetary civilization,” […]

Vladimir Morozov30.11.2025

How Ethics and Approaches to Economic Management Influence Crises. To better understand the underlying causes of modern economic crises, let’s turn to Aristotle, the renowned Greek philosopher of the 4th century BC. Aristotle defined two entities in the socioeconomic relationships of citizens in society. One entity is economics, which is a system whose purpose is […]

Vladimir Golstein17.03.2025

Apparently there is an Irish Proverb — a clear take on Roman ‘divide and conquer” — which says to the effect, if two neighbors are fighting, at least one of them was visited by a Brit another day. Of all people, Irish should know. And so should the rest of the world, which hardly has […]

Kirill Benediktov15.02.2025

Donald Trump Jr. reposted WikiLeaks file on X network, which pertained to both USAID and 1990s Russia. USAID funneled nearly half a billion dollars ($472.6 million) through the secretive, US government-funded NGO Internews Network (IN), which “worked” with 4,291 media outlets around the world, producing 4,799 hours of broadcasts in 2023 alone, reaching up to […]

Sergey Stankevich16.06.2024

China continues to expand the yuan into the global financial system. For now this is reconnaissance in force. In May 2024, China issued government debt bonds with maturities of 30 and 20 years, which was enthusiastically welcomed by international investors who lined up. And then came the next shot. China on June 14 listed its […]

Sergey Stankevich09.06.2024

NATO can’t in the EU raise that much money. NATO failed to agree on the creation of a fund to help Ukraine in the amount of 100 billion euros, designed for five years, writes Bloomberg. The NATO Secretary General encountered resistance from alliance members and eventually abandoned this initiative. An amount of 40 billion euros […]

Sergey Valov22.03.2024

The 2023 Hollywood strike resulted in a virtual victory for the Writers Guild of America (WGA) over the Alliance of Motion Picture and Television Producers (AMPTP) after reaching an agreement that neural networks would not be used by producers to write screenplays. If the screenwriters themselves use the capabilities of neural networks in the form […]

A Monetary System Based on Debt

Where do Russians’ dizzying incomes disappear to?

How Can Outrages CEO Pay Be Stopped?

The Ethics of Economics as Chrematistics

Economics and Chrematistics

Facts are Stubborn Thing

Money for Democracy?

China’s Strong Move

The EU Fundraising Collapse of €100 Billion for Ukraine

Can the “conditioned reflexes” of Neural Networks Ruin Creativity?

A Monetary System Based on Debt

The Apocalypse of 1917

US Senate to Vote on War Powers Resolution

This Is My “Prey”