“The decline of the West is not necessary or historically inevitable. It is the result of choosing policies dictated by its rentier interests. … The threat posed to society by rentier interests is the great challenge of every nation today: whether its government can restrict the dynamics of finance capitalism and prevent an oligarchy from dominating the state and enriching itself by imposing austerity on labor and industry. So far, the West has not risen to this...
Read More »Calling to Account the Hereditary Warrior Class
[embedded content] TranscriptBENJAMIN NORTON: Hey, everyone. I’m Ben Norton, and this is the Multipolarista podcast. And I have the great pleasure of being joined today by one of my favorite guests, one of I think the most important economists in the world today. I’m speaking with Professor Michael Hudson. If you’ve seen any of the interviews I’ve done with Professor Hudson over the past few years, you probably know that he’s a brilliant analyst. He always has, I think, the...
Read More »Ukraine 4 Steps On
Katie Halper podcast, April 29, 2022 TRANSCRIPT KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We’re really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the rest of the world, or really the conflict between Russia and US, and the economic fallout. MICHAEL HUDSON:...
Read More »The Dollar Devours the Euro
It is now clear that today’s escalation of the New Cold War was planned over a year ago. America’s plan to block Nord Stream 2 was really part of its strategy to block Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. As President Biden and U.S. national-security reports announced, China was seen as the major enemy. This despite China’s helpful role in enabling corporate America to drive down labor’s wage rates by de-industrializing...
Read More »China – a sub-Imperial ally of the West?
Hudson Bond debate PART II March 28, 2022Is China’s Belt and Road initiative a socialist or capitalist approach to trade? Michael Hudson and Patrick Bond discuss and debate on theAnalysis.news with Paul Jay. [embedded content] TRANSCRIPTPaul JayHi and welcome back to theAnalysis.news, I’m Paul Jay. We’re going to continue our conversation with Patrick Bond and Michael Hudson about China. The first part, if you haven’t watched it, you probably should go back and watch it...
Read More »Grab Bag Imperialism
CONSORTIUM NEWS – CN Live! – March 29, 2022Consortium News Joe Lauria interviews Michael Hudson and Richard Wolff, March 29, 2022 [embedded content] Joe LauriaWelcome to CNLive! Season Four Episode Five: “Ukraine The Economic Fallout.” I’m Joe Lauria, editor in chief of Consortium News. Elizabeth VosAnd I’m Elizabeth Vos. Joe LauriaThe collective west, led by the United States, declared economic war against Russia last month in response to the invasion of Ukraine, imposing...
Read More »Clearing the Fog
March 29, 2022.Margaret Flowers: You’re listening to Clearing the FOG, speaking truth to expose the forces of greed, with Margaret Flowers. And now I turn to my guest, Michael Hudson. Michael is the president of the Institute for the Study of Long-term, Economic Trends, ISLET. He’s a Wall Street financial analyst and a distinguished research professor of Economics at the University of Missouri, in Kansas City. He’s also the author of numerous books and recently updated his...
Read More »Accidental Crisis?
NATO-Russia Proxy War: Revealing Signs of a Fading America: Scott Ritter, Michael Hudson – Global Research – Centre for Research on Globalization. GR (Michael Welch): Great privilege to speak with you again Mr. Hudson. Welcome!Michael Hudson: Thanks for having me on! GR: Now, We’re seeing NATO unifying together behind the US call to sanction Russia, including removal from the SWIFT system. They’re being hit with sanctions to hurt, sanctions from hell as President Biden...
Read More »Putin’s Rubles
Cross-posted from The Saker. Following Putin’s announcement about selling gas for Rubles only to hostile nations, I decided to reach out to Michael Hudson and ask him (my level, primitive) questions. Here is our full email exchange: Andrei: Russia has declared that she will only sell gas to “hostile countries” for Rubles. Which means that to non-hostile countries she will continue to sell in Dollars/Euros. Can these hostile countries still purchase gas from Russia but...
Read More »Sanctions, Energy and Independence
March 21, 2022Michael Hudson on Ukrainian Sanctions Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross [00:00:49] Michael Hudson, always a pleasure to have you on the programme, welcome to Renegade Inc. Michael Hudson [00:00:53] Thank you for inviting me. Ross [00:00:55] Michael,...
Read More »