money

Vitaly Golovkov28.03.2026

Maduro demands defense fees in New York from Venezuela’s frozen budget. While global media discusses oil prices, a legal thriller worthy of Netflix is unfolding in Manhattan federal court. Today’s hearing in the case of Nicolás Maduro is more than just a “hostage trial of the Venezuelan president“; it’s a legal battle that is turning […]

Robert Reich11.03.2026

We are in an unnecessary war that the public doesn’t want, without a clear purpose or endgame. How to respond now? As we reach the 12th day of the war in Iran — with death and destruction rippling throughout the Middle East — it’s important to bear in mind where the real failure of this […]

Vladimir Morozov04.03.2026

Where do economic crises come from and why are they man-made? Let’s start by redefining what the capitalist mode of production is. It’s generally accepted that this is an economic system based on private ownership of the means of production, the exploitation of wage labor, and (most importantly) the extraction of profit. Inevitably, the question […]

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 […]

Who’ll Pick Up the Сheck?

The Biggest, Most Tragic Failure of All

A Financial Pyramid Based on Credit

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?

Russians in Washington

Toward a Pro-Democracy Movement

Who’ll Pick Up the Сheck?

Who Killed Pushkin?