Michael Hudson

Understanding of the dollar’s world role is dominated by the ideas of ‘dollar hegemony’ and ‘US hegemony’. In this paper, based on our extensive past work, we reveal how these ideas are ideologies, not theories. In their place, we reveal an understanding one that is theoretically sound and accords with the historical record, a geopolitical economy of the international monetary system of modern capitalism. We begin with a theoretical outline of how money operates under...

Published by Sage Journals Abstract Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacy of feudalism—the landlords, bankers, and monopolists extracting economic rent without producing real value. However, that reform movement failed. Today, the finance, insurance, and real estate (FIRE) sector has regained control of government, creating neo-rentier economies. The aim of this...

Why is the Fed buying corporate junk bonds and debt but won’t buy out student debt? Michael Hudson on theAnalysis.news with Paul Jay. Paul JayHi, I’m Paul Jay. Welcome to theAnalysis.news. Thank you to everybody who has clicked the donate button. And if you haven’t, maybe you might do it this time. If you’re watching on YouTube or our website, click the share button and subscribe and we’ll be back in a second with Michael Hudson. U.S. household debt climbed to a record high...

In this wide-ranging discussion on the Moderate Rebels podcast, Hudson addresses US sanctions on Venezuela and Iran, the policies of the Joe Biden administration, Beijing’s economic model, cryptocurrencies, and dedollarization – the potential end to the dollar as the global reserve currency. [embedded content] Transcript Ben Norton 0:03 Hello everyone, I’m Ben Norton. You’re watching Moderate Rebels. And there will be a podcast version of this after, for people who want to...

The Radical Imagination episode with guests Michael Hudson & Jonathan Wilson-Hartgrove: April 21, 2021 (transcribed May 3, 2021):  [embedded content] Jim Vrettos:
 So, Michael, Jonathan. Thank you so very, very much for being here. Jonathan, you’re from… We’re looking at you from North Carolina there and Michael is in Queens. You’ve both had tremendous influence in your respective fields. Spiritual economic activist and so on. What do you make of the contradictory...

[unable to retrieve full-text content]An interview on The Radical Imagination with Pastor Jonathan Hartgrove and host Jim Vrettos. Photo by Jacob Bentzinger on Unsplash The post Christian Nationalism’s Re-branding of Jesus first appeared on Michael Hudson.

[embedded content] TranscriptJussi: Welcome Michael. I just give a brief overview of the agenda and then I get back to you with a few questions. I just show you this picture, what we want to do today is this: Today we will get a long-term view on money debt and the economy, including the different power struggles over the ages. We start from 2400 B.C. until today. It goes through Babylonia and Sumerian time to biblical times, Roman and medieval banking, to today. That’s a...

The first lecture at the prestigious Southwest University, Chongqing, China: [embedded content]Global U, youtube channel, posted on 21 April 2021, video, Wen Tiejun’s account of Michael Hudson’s Ten Lectures Global U weixin channel, an account of Hudson’s Ten Lectures. Global U weixin channel, article, Hudson’s talk in Macau Michael Hudson’s Ten Lectures in 70 sections(First 6 sections are for free viewing. As of 22 April, 10pm Beijing time, 44,000 people have viewed...

Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third is to permit them to live under their own laws, drawing a tribute, and establishing within it an oligarchy which will keep it friendly to you.”[1] Machiavelli...

An interview with Australia’s Renegade Economists. Karl: Listeners, it’s time to discuss with Professor Michael Hudson, the author of ‘The Bubble and Beyond’, ‘Forgive Them Their Debts’, ‘Super Imperialism’ and so many others. We’re lucky to have Michael with us yet again to continue our series of interviews and, Michael, here we are where, in Australia at least, we’ve made it through COVID, America is still being whacked by it. But our central banks, they’ve really put a...