[unable to retrieve full-text content]Michael Hudson discusses the evolving disconnect between modern economics and practical economic realities, using the example of American capitalism and its global influence. He critiques the shift towards finance capitalism and deregulation, comparing it to Thatcher-era England’s libertarian model, which minimized state intervention in the economy. This trajectory, according to Hudson, has led to a situation where government influence is overridden by corporate donors and financial interests, sidelining public welfare.
Hudson explains his approach to economics, likening it to taking apart and reassembling an engine; it’s not just surface-level phenomena but understanding fundamental structures like balance of payments and GDP. He emphasizes how

[unable to retrieve full-text content]In a recent economic roundtable, economists Richard Wolff and Prof Michael Hudson analyzed the surprising factors behind Donald Trump’s 2024 election victory. Wolff attributed Trump’s win to a deep, growing resentment among the American working class, disillusioned by four decades of neoliberal globalization. This shift hollowed out U.S. manufacturing, devastated cities like Detroit, and stripped jobs from communities, creating a longing for a past economic stability that Trump’s rhetoric promises but fails to deliver. Wolff emphasized that Trump’s appeal lies in his symbolic stance as the “protector” of working people, contrasting sharply with the Democrats’ limited policy proposals.
Hudson added a political lens, arguing that Democrats knowingly

[unable to retrieve full-text content]Explore Richard Wolff and Michael Hudson’s analysis on the state of U.S. politics, revealing the bipartisan silence on global power shifts, economic priorities, and the illusion of choice in upcoming elections. From U.S. foreign policy to the influence of corporate interests, they discuss the challenges America faces in an era of declining empire and rising global alliances.
The post US Election: The Illusion of Choice first appeared on Michael Hudson.

[unable to retrieve full-text content]Both Richard D Wolff & Michael Hudson emphasized that this summit, while not conclusive, sets the stage for potential long-term transformation in international power dynamics, with BRICS working to shape an order that may increasingly diverge from Western influence.
The post BRICS Summit in Kazan: Setting the Stage for a New World Order first appeared on Michael Hudson.

[unable to retrieve full-text content]In this interview, economists Michael Hudson and Richard Wolff discuss the U.S.’s influence on Israel and the broader Middle East, arguing that America’s actions undermine the sovereignty of other nations. They assert that the U.S. uses Israel as a tool to maintain control over the region, particularly its oil resources, and prevent countries like Iraq and Libya from achieving true independence. They also highlight the selective use of "sovereignty" in global politics, pointing out that while Palestine is denied recognition, Israel operates with American military and financial backing. Hudson and Wolff further compare Israel’s settler-colonialism to historic land grabs, suggesting parallels with Nazi Germany’s Lebensraum and criticizing Western media

[unable to retrieve full-text content]Explore how U.S. influence shapes Israel’s role in the Middle East conflict, challenging notions of sovereignty in a broader global war involving NATO, Palestine, and BRICS nations like China and Russia.
The post Sovereignty in Crisis: Israel, Palestine, and America’s Global Agenda first appeared on Michael Hudson.

[unable to retrieve full-text content]"I don’t think there were any non-Jewish Americans that had that visceral hatred of Islam that the Zionists had, or also the visceral hatred of Russia, specifically for anti-Semitism of past centuries, most of which was in Ukraine and Kiev, by the way.
Well, that was 50 years ago, and these sanctions that Jackson introduced, the U.S. Trade, became the prototypes for today’s sanctions against all the countries that the neo-cons viewed as adversaries."
The post Zionists the USA’s Trouble Makers first appeared on Michael Hudson.

[unable to retrieve full-text content]This episode of the Global Economy Hour discusses that the U.S., under the guise of promoting "freedom," is enforcing policies that undermine European sovereignty, especially in relation to energy dependence and trade with Russia and China. The irony of Western sanctions and coercion, which have not only failed to weaken targeted countries but have also fostered stronger alliances between nations like Russia, China, and members of BRICS, has countered Western attempts at domination.
The post Why the War in Ukraine is Meant to Drag On: Strategic Goals, European Discontent, and NATO’s Role first appeared on Michael Hudson.

[unable to retrieve full-text content]The decline of U.S. global dominance is reshaping international alliances. As U.S. neoliberal policies and military actions continue to alienate nations, countries like China, Russia, and Iran are forming strategic coalitions. Driven by economic self-interest, these nations are pushing back against the U.S. hegemony, creating a new global order. The U.S. has underestimated this retaliation, failing to recognize the shifting power dynamics. This Dialogue Works interview explores how America’s economic and military aggression is leading to a surprising global backlash, with other nations working together to protect their interests and resist U.S. influence.
The post A World Pushed to Resist: U.S. Policies and the Rise of Global Alliances first appeared

[unable to retrieve full-text content]Michael Hudson and Richard Wolff critique the lack of substantive policy debate in the Trump-Harris exchange, noting that key issues like U.S.-China relations and the economic decline of the U.S. were largely ignored. Both highlight that the debate focused on personality over policy, avoiding critical topics such as de-industrialization, foreign policy in Ukraine, and the shifting global economic landscape. Hudson points out the bipartisan reluctance to confront the policies driving U.S. economic decline, while Wolff emphasizes the refusal to address systemic issues within capitalism. The conversation underscores the absence of meaningful discourse on how to navigate America’s waning global dominance.
The post U.S. Foreign Policy and Economic Shifts:

[unable to retrieve full-text content]In this discussion, Michael Hudson argues that the real financial threat to the U.S. isn’t government debt but rather private debt, especially the student debt crisis, which is exacerbated by policies that prevent bankruptcy relief. He explains that government debt, particularly U.S. Treasury securities, is actually a highly sought-after asset globally, held by foreign central banks and wealthy investors, and is unlikely ever to be fully repaid. Hudson emphasizes that the U.S. can print money to cover its debts, creating an illusion of financial risk that doesn’t truly exist.
The post Debunking U.S. Bankruptcy Myths first appeared on Michael Hudson.

[unable to retrieve full-text content]Explore how the papacy’s war financing and the transformation of usury into interest reshaped Christianity and led to the rise of modern fiscal states and powerful banking families.
The post Reshaping Christianity and the Modern State: A Journey from Usury to Fiscal Power first appeared on Michael Hudson.

[unable to retrieve full-text content]Brian: All right, Nate, we’ve done it. This is the System Failure Podcast number 50, and it’s an exciting one. Nathan: Yeah, number 50. Yeah, that’s impressive, Brian. That means we’ve been at this for more or less a year now, which is pretty exciting. And I love the idea that for episode number 50, Continue Reading
The post How Rome Reversed Christianity: from Compassion to Control first appeared on Michael Hudson.

[unable to retrieve full-text content]KARL FITZGERALD: Welcome, everyone. Welcome to another quarterly Patreon session with Michael Hudson, Professor Michael Hudson, author of over a dozen books, including his latest, The Temples of Enterprise. My name’s Karl Fitzgerald. I’ll be your host today. I’m an economist based in Australia that has changed three taxes, protecting communities from speculative overreach. Michael, Continue Reading
The post The Way to Avoid Tearing Society Apart first appeared on Michael Hudson.

[unable to retrieve full-text content]The stock market crashed on August 5, in a new “Black Monday”. What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers. Video Continue Reading
The post Volatility Unwound first appeared on Michael Hudson.

[unable to retrieve full-text content]Nima, Michael Hudson and Richard Wolff, “Financial Colonialism,” Dialogue Works, August 1, 2024. “The Shocking Truth Behind the End of Financial Colonialism!” NIMA: Let’s start with the conflict right now in the Middle East. How do you find it right now? What’s going on, Michael, in your opinion, in the Middle East? MICHAEL HUDSON: I Continue Reading
The post The End of Financial Colonialism first appeared on Michael Hudson.

[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 31st Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer, Paul Continue Reading
The post Quality of Debt Counts first appeared on Michael Hudson.

[unable to retrieve full-text content]Danny Haiphong, ISRAEL JUST CROSSED HEZBOLLAH AND IRAN’S RED LINE: WWIII LOOMS | MICHAEL HUDSON & JILL STEIN, July 31, 2024. Economist Michael Hudson (follow at https://michael-hudson.com/) and Green Party Presidential Candidate Dr. Jill Stein (https://www.jillstein2024.com/) join the program for a special livestream on the US elections and geopolitics! This stream will dive into the Continue Reading
The post US Complicit: Israel, Aid and the Congressman’s Circular Flow first appeared on Michael Hudson.

[unable to retrieve full-text content]Luca Placidi: Welcome, everybody. It is a great pleasure and honor to have with us today Professor Michael Hudson. For those who still do not know him, Michael is a professor of economics at the University of Missouri-Kansas City, and he is a researcher at the Levi Economics Institute at Bard College. Just to mention Continue Reading
The post Barbarism or Civilization first appeared on Michael Hudson.

[unable to retrieve full-text content]Nima interview July 12 2024 World Shaking Up! Epic Political & Economic Earthquakes, Dialogue Works, July 12, 2024. NIMA ROSTAMI ALKHORSHID: Michael, let’s get started with the SCO summit. And right after that, we’re having the NATO summit. It seems that NATO is fighting on behalf of the United States to try to preserve the Continue Reading
The post All Of Our Wealth Has Been Coming From You first appeared on Michael Hudson.

[unable to retrieve full-text content]Geopolitical Economy Report #30 NATO vs voters: How the West’s warmongering threatens democracy and the Global Majority. July 12, 2024. RADHIKA DESAI: Hello and welcome to the 30th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Continue Reading
The post NATO Focus: From Defensive to Offensive first appeared on Michael Hudson.

[unable to retrieve full-text content]Recorded June 8, 2023 Karl Fitzgerald: Welcome everyone to another Patreon Q&A session. Great to have you here. And as always, we’re with Professor Michael Hudson, author of so many books, so many podcast interviews, you name it, he’s out there telling us what’s going on in the world and it’s great that we get Continue Reading
The post Gold as the Peace Currency first appeared on Michael Hudson.

[unable to retrieve full-text content]The July 4 landslide defeat of the neoliberal pro-war British Conservatives by the neoliberal pro-war Labour Party poses the question of just what the media mean when they describe the elections and political alignments throughout Europe in terms of center-right and center-left traditional parties challenged by nationalist neo-fascists. Political differences between Europe’s centrist parties are Continue Reading
The post The Need for a New Political Vocabulary first appeared on Michael Hudson.

[unable to retrieve full-text content]US Cryptocurrency as an Offshore Banking Center 
The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.”

Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S. Continue Reading
The post Kleptocracy is Us first appeared on Michael Hudson.

[unable to retrieve full-text content]A new monthly column for German newspaper Zeiss. Ever since World War II, U.S. trade strategists have based their international policy on control of two key commodities: oil and grain. Economically, they have been the mainstay of the U.S. balance of payments, the leading categories of export surplus (along with weapons), especially as the U.S. Continue Reading
The post Agricultural Imperialism in the EU first appeared on Michael Hudson.

[unable to retrieve full-text content]Fighting Russia & China to Last American: Destroying US From Within Dr. Jill Stein & Michael Hudson 
 NIMA ROSTAMI ALKHORSHID: Today we’re going to talk with Dr. Stein, 2024 presidential candidate in the United States and her policy advisor, Professor Michael Hudson. And we’re going to talk about Ukraine, Taiwan, Israel, and domestic policy Continue Reading
The post The Black & White of Elite Imperialism with Jill Stein first appeared on Michael Hudson.

[unable to retrieve full-text content]In this work he totally demolishes the myth that money developed from a need to simplify barter transactions. Instead, money developed as a complement to credit/debt relationships …
The post Temples of Enterprise first appeared on Michael Hudson.

[unable to retrieve full-text content]Living within your means is considered a virtue in many cultures, with one notable exception – the United States, whose public debt grows by roughly a trillion dollars every 100 days and is projected to continue doing so for the next few decades. In the past, it helped to sustain the so-called American lifestyle, but Continue Reading
The post Owing the US a Living? first appeared on Michael Hudson.

[unable to retrieve full-text content]“Have you no sense of decency?” The recent Congressional hearings leading to a bloodbath of university presidents brings back memories from my teen-age years in the 1950s when everyone’s eyes were glued to the TV broadcast of the McCarthy hearings. And the student revolts incited by vicious college presidents trying to stifle academic freedom when Continue Reading
The post Universities as Tentacles of the Police State first appeared on Michael Hudson.

[unable to retrieve full-text content]  Nima April 22, 24 Michael’s notes from this important interview. Watch the geo-political markers. 1A. US student and voter opposition to the US-Israeli genocide.  The breaking news here in New York City today are the mass protests at Columbia University, New York University and the New School opposing the genocide in Gaza. The protests Continue Reading
The post Gaza – Civilization will Win over Barbarism first appeared on Michael Hudson.