Michael Hudson

But nobody thought that it would happen this fast. Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s world. Observers across the political spectrum are using...

[embedded content] The west’s massive sanctions war against Russia is having a profound impact on the global economy. Instead of just punishing Russian citizens, consumers in the west and the developing world will also experience economic pain. Globalization itself is being interrupted. The Great Separation is upon us. CrossTalking with Daniel Lazare, Michael Hudson, and Brad Blankenship. Photo by Grisha Grishkoff from Pexels

The MIC, OGAM and FIRE Sectors Conquer NATO My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in the 1940s and 50s: “Wars never solved anything.” It was as if they never changed anything – and therefore shouldn’t be fought. Herman disagreed, and made lists of all sorts of things that...

A reminder that this Thurs at 5pm NY time, we have our 1st Q&A with patreons at the Patron Plus level ($9 and above). The discussion will go for 45ish minutes so save up your questions. We are now up to 113 patrons which is very much appreciated. Support my work if you can. Thank you! Photo by Amit Pal from Pexels

The U.S. aim is to keep them from trading with China and Russia The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not so much to isolate Russia and China as to hold these allies firmly within...

[unable to retrieve full-text content]A talk to the Centre for Global Justice. Photo by Sanaan Mazhar from Pexels The post The Blueprint to the US Empire first appeared on Michael Hudson.

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Cross-posted from The Saker, who writes: Intro: I need to begin with a MAJOR caveat and tell you how/why this “interview” happened. I did not plan to interview Michael Hudson. I was listening to a well known Russian economist, Mikhail Khazin, and I was fascinated by what he was saying. I also understood only some of the points he was making. To put it mildly, I am not an economist, and while listening to Khazin did did not take any notes. What I did do is email Michael and...

Watch to a high level discussion with the IMF’s FAD group on our paper Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land with Michal Kumhof, Nicolaus Tideman, Charles Goodall and myself. Enjoy this rich policy detail. Photo by Yunus Tuğ from Pexels

[unable to retrieve full-text content]On Super Imperialism and acts of (financial) warfare. Photo by Umanoide on Unsplash The post Wrestling with Jesse Ventura first appeared on Michael Hudson.