Michael Hudson

[unable to retrieve full-text content]Geopolitical Economy Report, July 28, 2023   NATO failed in Ukraine against Russia. Now it’s targeting China By Radhika Desai and Michael Hudson. 93.1K subscribers  Political economists Radhika Desai and Michael Hudson are joined by geopolitical analyst Pepe Escobar to discuss how NATO has shifted from its proxy war against Russia in Ukraine to targeting China in Continue Reading The post NATO Moves to Bait China first...

[unable to retrieve full-text content]Demystifying Economics, June 30 2023  Youtube: https://youtu.be/XyybzneS0To (part 1) and https://youtu.be/pSBvXCwUQYQ (part 2)   Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing Continue Reading The post Global...

[unable to retrieve full-text content]A recent presentation to the Global University of Sustainability. Photo by Jason Leung on Unsplash The post The Financial Upsweep first appeared on Michael Hudson.

[unable to retrieve full-text content]Economic Logic has been Replaced by National Security Overrides The July NATO summit in Vilnius had the feeling of a funeral, as if they had just lost a family member – Ukraine. To clear away NATO’s failure to drive Russia out of Ukraine and move NATO right up to the Russian border, its members tried Continue Reading The post The Looming War Against China first appeared on Michael Hudson.

[unable to retrieve full-text content]Ep. 232 Michael Hudson. Transcript Ep 232 Macro N Cheese – Hudson   https://realprogressives.org/podcast_episode/episode-232-is-the-us-a-failed-state-with-michael-hudson/ Michael Hudson [Intro/Music]: America cannot re-industrialize without reversing this whole philosophy of post-industrial society as a class war against labor. You can’t have both. You can’t have a class war against labor and reindustrialization with the labor...

[unable to retrieve full-text content]RADHIKA DESAI: Hi, everyone, and welcome to this 13th 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, as last time, we are joined by Anne Pettifor to discuss the urgent issue of our time, the Continue Reading The post Economic Interference in the Global South first appeared on Michael Hudson.

[unable to retrieve full-text content]The United States’ Financial Quandary: ZIRP’s only Exit path is a Crash Abstract Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled debt service. Continue Reading The post ZIRP’s only Exit path is a Crash first appeared on Michael...

[unable to retrieve full-text content]Its role always has been anti-democratic. Vested interests create “checks and balances” primarily to make political systems non-responsive to demands for social reform. Historically, therefore, the checks are politically unbalanced in practice. Instead of producing a happy medium, their effect often has been to check the power of the people to assert their interests at Continue Reading The post Should there really be a Supreme...

[unable to retrieve full-text content]Herodotus (History, Book 1.53) tells the story of Croesus, king of Lydia c. 585-546 BC in what is now Western Turkey and the Ionian shore of the Mediterranean. Croesus conquered Ephesus, Miletus and neighboring Greek-speaking realms, obtaining tribute and booty that made him one of the richest rulers of his time. But these victories and Continue Reading The post America has Just Destroyed a Great Empire first appeared on Michael Hudson.

[unable to retrieve full-text content]A new Third World debt crisis? The need for system change   RADHIKA DESAI: Hello and welcome to this 12th 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 are joined by Anne Pettifor to Continue Reading The post Third World-Like Debt Crisis first appeared on Michael Hudson.