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Articles by Michael Hudson

Buying US Debt Subsidizes Imperialism

June 5, 2023

[unable to retrieve full-text content]Michael Hudson | A piece of advice: Buying U.S. debt is to provide ammunition for U.S. military expansion Source: Observer Network 2023-06-01 08:01 The June 5 deadline referred by US Treasury Secretary Janet Yellen has fallen, and the US debt ceiling negotiations have entered the final congressional voting juncture. House Speaker McCarthy, who was eager Continue Reading
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On Obama, Castro & General McArthur

June 2, 2023

[unable to retrieve full-text content]Recorded on 2023-03-02 Join our next Patreon discussion Thurs June 8, 530pm as a Patreon subscriber. We have 256 patreons supporting 6,000 visitors to this site per day. KARL FITZGERALD: Welcome everyone to our quarterly Q&A session here with our beloved Patreon supporters. Thank you so much for supporting Michael and his work as he Continue Reading
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Achieving by Undermining

May 30, 2023

[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And as last time, we have once again with us today, Professor Mick Dunford, professor emeritus at Sussex Continue Reading
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The Arc of Time: Pro-Creditor History

May 25, 2023

[unable to retrieve full-text content]“Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world,” Ben Norton, Geopolitical Economy Report, May 25, 2023.  BEN NORTON: Hi, everyone. I’m Ben Norton of Geopolitical Economy Report, and today I have the great pleasure of speaking with a friend of the show, the economist Michael Hudson, and Continue Reading
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Neo-Liberal Machine Corners Ukraine, EU

May 16, 2023

[unable to retrieve full-text content]“Ukraine’s neoliberalism on steroids, Europe’s economic suicide,” Geopolitical Hour 9, May 15, 2023.  https://www.youtube.com/watch?v=6bF3QkHIB7I RADHIKA DESAI: Hello everyone and welcome to this ninth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson.  RADHIKA DESAI: And today we have a special Continue Reading
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Pepe Escobar’s review of The Collapse of Antiquity

May 15, 2023

[unable to retrieve full-text content]Pepe Escobar: “US Empire of Debt Headed for Collapse,” Sputnik International, May 15, 2023. Prof. Michael Hudson’s new book, “The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is a seminal event in this Year of Living Dangerously when, to paraphrase Gramsci, the old geopolitical and geoeconomic order is dying and the Continue Reading
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Krugman Clings to Currency Tropes

May 11, 2023

[unable to retrieve full-text content]In this conversation with Geopolitical Economy Report editor Ben Norton, economist Michael Hudson responds to the misleading arguments against de-dollarization that New York Times columnist Paul Krugman made in his attempt to defend US hegemony and the dollar system. Hudson also discussed the ongoing US banking crisis and collapse of four banks in two months in Continue Reading
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The Hard Iron Financial Fist

May 5, 2023

[unable to retrieve full-text content]BEN NORTON: Hi, everyone. I’m Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of the Continue Reading
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The QE Quandry

May 1, 2023

[unable to retrieve full-text content]In this episode of their program Geopolitical Economy Hour, Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. You can find more episodes of the Geopolitical Economy Hour here. Podcast Transcript (smoothed) RADHIKA DESAI: Hi everyone, welcome Continue Reading
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What Can The World Expect From China’s Recovery?

April 29, 2023

[unable to retrieve full-text content]1.(BOAO FORUM) For starters, this year’s Boao Forum undoubtedly brings great opportunities for exchanges between Chinese and foreign business people who may not have been able to meet since the outbreak of the pandemic. So what can we expect from such a good opportunity? And how do you think the Boao Forum could help or Continue Reading
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Democratic Liberty Versus Oligarchic Liberty

April 28, 2023

[unable to retrieve full-text content]Part 2: Debt and the Collapse of Antiquity – Michael Hudson Colin Bruce Anthes Welcome back to theAnalysis for part two of our conversation with Dr. Michael Hudson on The Collapse of Antiquity. Michael Hudson I think the character of early Christianity is what is in the Lord’s Prayer. “Forgive them their debts as we forgive the debtors.” Continue Reading
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Balancing Individualism with Egalitarianism

April 25, 2023

[unable to retrieve full-text content]TheAnalysis discussion April 21 2023,  Debt and the Collapse of Antiquity – Michael Hudson, By Colin Bruce Anthes   Colin Bruce Anthes Welcome to theAnalysis. I’m Colin Bruce Anthes. In a minute, we’ll be taking a first look at Michael Hudson’s new book, The Collapse of Antiquity. Michael Hudson When the emperors cancelled the debts, it was largely Continue Reading
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Sitting on the Shoulders of Global Fracture

April 16, 2023

[unable to retrieve full-text content]Economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. By Radhika Desai and Michael Hudson. In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal Continue Reading
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All or Nothing Foreign Policy

April 4, 2023

[unable to retrieve full-text content]Youtube video link posted 2023.03.30 What follows is an edited transcript. DANNY HAIPHONG: Good afternoon everyone, good afternoon. You are tuning in to another episode of The Left Lens. How are you all doing this afternoon? I am joined by Economist Michael Hudson, as you can see here. I am very honored to have him. Continue Reading
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The Treasury Privatized?

March 30, 2023

[unable to retrieve full-text content]Geopolitical Economy Hour #6 Posted to youtube 2023.03.25 RADHIKA DESAI: Hello everyone, and welcome to the sixth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: As you know, the last time when we closed we were scheduled Continue Reading
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Introducing China’s Leading Economist

March 28, 2023

[unable to retrieve full-text content]Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book.  There are 10 lectures that accompany the Continue Reading
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The Collapse of Antiquity – release

March 22, 2023

[unable to retrieve full-text content]The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point Available on Amazon The Collapse of Antiquity, the sequel to Michael Hudson’s “…and forgive them their debts,” is the latest in his trilogy on the history of debt. It describes how the dynamics of interest-bearing debt led to the rise of rentier oligarchies Continue Reading
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With Dennis Kucinich on the Financialized Economy, Collapse

March 22, 2023

[unable to retrieve full-text content]Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Continue Reading
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Bond Market Play Reveals Systemic Crisis

March 16, 2023

[unable to retrieve full-text content]Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. In this discussion with Geopolitical Economy Report editor Ben Norton, Hudson also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor Continue Reading
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Dollar Diplomacy Down

March 16, 2023

[unable to retrieve full-text content]RADHIKA DESAI: Hi everyone. Welcome to the fifth Geopolitical Economy Hour, the fortnightly show about the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: So this is our third and final show on the theme of de-dollarization, based on our work, particularly on Geopolitical Economy Continue Reading
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The Mechanics of a Bond Market and its Impact on the Banking Crisis

March 15, 2023

[unable to retrieve full-text content]Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the Continue Reading
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Why the Banking System is Breaking Up

March 12, 2023

[unable to retrieve full-text content]Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading
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An Hour with Michael

February 27, 2023

[unable to retrieve full-text content]Come spend an hour with Michael! Thurs March 2nd 5.30pm EST Via zoom.  If you are a Patron Plus supporter on Patreon, you will be able to register. We are at 247 supporters, can you get us to 250? The day before the Q&A you’ll receive an email with the link to join. Anyone upgrading Continue Reading
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Trade Theory: No Room for Gunboats

February 27, 2023

[unable to retrieve full-text content]  RADHIKA DESAI: Hello everyone. Welcome to the fourth Geopolitical Economy Hour, our fortnightly show on the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Today we are continuing our discussion of de-dollarization. As many of you know we have structured our discussion around some Continue Reading
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Gary Null Interview – The Rules Are Changing

February 17, 2023

[unable to retrieve full-text content]An interview with Gary Null on the longstanding Progressive Commentary Hour, where he asks me to give my State of the Economy briefing.   
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Since Money is Political

February 14, 2023

[unable to retrieve full-text content]“Understanding money and the dollar system,” Geopolitical Hour Episode 3, February 9, 2023, with economists Radhika Desai & Michael Hudson. podcast:  Radhika Hello and welcome to this third Geopolitical Economy Hour. I’m Radhika Desai. Michael And I’m Michael Hudson. Radhika As many of you know, in this collaboration with Ben Norton’s Geopolitical Economy Report, Michael Continue Reading
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The Hypocrisy Just Makes Me Cry

February 7, 2023

[unable to retrieve full-text content]Danny: Greetings everyone. [We] have two very special guests today. [This] is the first conversation of a series that we will be having on The Left Lens leading into the one year anniversary of the official beginning — or at least what the mainstream may say is the beginning — of the Ukraine proxy war — really Continue Reading
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Inflation’s Drivers on The Geopolitical Hour

January 29, 2023

[unable to retrieve full-text content]In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it. Transcript RADHIKA DESAI: Hello, everyone. Welcome to the second Geopolitical Economy Hour. I’m Radhika Desai. MICHAEL HUDSON: Continue Reading
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Introducing the Geopolitical Economy Hour

January 18, 2023

[unable to retrieve full-text content]Radhika: Hi everyone, and welcome to this Geopolitical Economy Hour. I’m Radhika Desai. Michael: And I’m Michael Hudson. Radhika: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our twenty-first-century world. We’ll discuss international developments. We’ll discuss their roots in individual countries and regions. Continue Reading
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