[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,...
Read More »Why Banking Isn’t What You Think It Is
[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...
Read More »The Horizon Nears on America’s Free Financial Ride
[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.
Read More »Capital as Power in the Polycrisis
[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.
Read More »Why Gold Prices Should Rise—But Don’t
[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...
Read More »American Imperialism in Plain Site
[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...
Read More »US Economic Colonialism On Notice
[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.
Read More »As Good As It Gets
[unable to retrieve full-text content]The current global economic and political landscape is increasingly unstable, driven by U.S. policies aimed at maintaining dominance through chaos. Key issues include energy crises, such as Europe's dependence on Russian gas, and rising geopolitical tensions involving BRICS nations and NATO. The U.S. sanctions strategy strains global energy markets and destabilizes debtor nations, while nationalist movements gain traction in Europe. With challenges like...
Read More »The Irony of Calling the Opponents of Nazism Nazis
[unable to retrieve full-text content]Hudson & Wolff on the geo-political pressures emanating through South Korea, Ukraine, Europe. Its through wide lense discussions like this that we recognise how inter-connected the world is! The post The Irony of Calling the Opponents of Nazism Nazis first appeared on Michael Hudson.
Read More »The U.S. Strategy of Controlled Anarchy: Syria, Ukraine, and Beyond
[unable to retrieve full-text content]An analysis of geopolitical dynamics with Prof Michael Hudson & Dr Richard Wolff, particularly focusing on the U.S.'s strategic involvement in the Middle East, the ongoing conflict in Ukraine, and the broader implications for global power structures, including NATO, BRICS, and the decline of American global dominance. The post The U.S. Strategy of Controlled Anarchy: Syria, Ukraine, and Beyond first appeared on Michael Hudson.
Read More »