Michael Hudson

[unable to retrieve full-text content]Michael Hudson and Richard Wolff discuss Sahra Wagenknecht’s break from Die Linke and her struggle to push genuine left-wing economic policies in Germany. They highlight Germany’s economic challenges, including U.S. demands for increased military spending and tariffs on European exports. The speakers argue that Germany faces a choice: align with BRICS or deepen its reliance on the U.S. The broader discussion extends to global trade dynamics,...

[unable to retrieve full-text content]Michael Hudson unpacks the realities of modern banking, economic rent, and financialization. He explains how banks create credit, why Western financial systems differ from China’s, and how economic rent distorts markets. Hudson critiques the multiplier effect, arguing that debt-driven economies are unsustainable. He also explores the evolution of capitalism, discussing Marx’s labor theory of value and the role of industrial capitalists in...

[unable to retrieve full-text content]Professors Michael Hudson & Richard Wolff dissect the state of US politics in the DOGE era, with the end of dollar hegemony nearing and a peace dividend urgently needed. The post The Horizon Nears on America’s Free Financial Ride first appeared on Michael Hudson.

[unable to retrieve full-text content]Nitzan Hudson discussion Feb 2025 Capital as Power in the 21st Century A Conversation MICHAEL HUDSON, JONATHAN NITZAN, TIM DI MUZIO, and BLAIR FIX February 2025 Abstract On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. Continue Reading The post Capital as Power in the Polycrisis first appeared on Michael Hudson.

[unable to retrieve full-text content]Gold demand has outstripped supply for years, yet prices remained stagnant until recently. Economist Michael Hudson explains that the gold market is not a typical commodity market—it is politically controlled to sustain confidence in the U.S. dollar. Since 1971, when the U.S. abandoned the gold standard, central banks have been forced to hold reserves in U.S. Treasury securities instead of gold. This system allows the U.S. to fund its deficits...

[unable to retrieve full-text content]Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can’t earn the dollars needed to pay their foreign debts. Hudson was interviewed by Geopolitical Economy Report editor Ben Norton. Video Podcast Transcript (Introduction) BEN NORTON: Donald Trump is threatening Continue Reading The post American...

[unable to retrieve full-text content]Prof Michael Hudson on the balance of payments chaos unleashed by Trump. How will Mexico and Canada react? What can Europe do to position itself against the tide of rising prices? The post The Road to Chaos – A Global Balance of Payments War first appeared on Michael Hudson.

[unable to retrieve full-text content]Prof Michael Hudson provides insight on the waning US power structure as short termism bites. He explains how Labor internationally has become even more right wing than the conservatives. Another fascinating discussion. The post US Economic Colonialism On Notice first appeared on Michael Hudson.

[unable to retrieve full-text content]  RADHIKA DESAI: Hello and welcome to the 36th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our world. I’m your host, 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, Continue Reading The post The Secret of the Long March first appeared on Michael Hudson.

[unable to retrieve full-text content]Trump has promoted a number of plans to make America strong – at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines. That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be Continue Reading The post Weaponizing the US Dollar first appeared on Michael Hudson.