Tag Archives: Russia

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...

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...

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...

For a Russian opposed to the war, and helpless to do anything about it, the horror is not that incomes will fall 10% this year, nor that unemployment will double, or that inflation will be 30%. Rather: in order to get out of this fall – not just to go to growth, but at least to restore it, you need not just make the decision “the war is over” and start negotiations on the gradual lifting of sanctions. We need to repeal dozens if not hundreds of laws passed in the last ten years. I would...

For a Russian opposed to the war, and helpless to do anything about it, the horror is not that incomes will fall 10% this year, nor that unemployment will double, or that inflation will be 30%. Rather: in order to get out of this fall – not just to go to growth, but at least to restore it, you need not just make the decision “the war is over” and start negotiations on the gradual lifting of sanctions. We need to repeal dozens if not hundreds of laws passed in the last ten years. I would say...

Recently we have learned that the Russian military is vastly less capable than anyone imagined. Also in three whole weeks Ukrainians have markedly reduced the capabilities of the Russian military. Therefore, naturally many governments (including the German government) have decided they must spend more on their militaries to face the Russian threat. This makes no sense. To deal with Russian Germany needs liquified natural gas terminals and...

[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

Some lessons from the last war seem relevant for the current one. What I’ve been reading: …The Taliban in 2002 were broken. After fleeing Kandahar, Mullah Omar hid out in northern Helmand, Uruzgan, and Zabul. A new direction for the movement had yet to coalesce. Various commanders were preparing to continue the war, a few in al-Qa‘eda and militant camps in Pakistan. Others were resting in Pakistan or attempting to retire to community life inside Afghanistan. A number wanted to cooperate with...

Russia has just attacked Ukraine. US policymakers seem to agree that we should impose severe economic sanctions (but definitely have no US boots on Ukrainian ground). What can the US do without firing a shot ? I think the US can impose extreme costs on Russia (hurting Russians other than Putin who are not to blame and will be innocent victims — tough luck). In general sanctions have not achieved– well much except the defunct Iranian JCPOA....

Yesterday Russia moved to consolidate its control over eastern separatist regions of Ukraine. People bickered over whether this constituted an invasion, at which point Noah Smith won Twitter for the day: If it’s not from the Invasion region of southern France, then it’s not an invasion, it’s just a sparkling annexation — Noah Smith 🌐+🧦=🐇 (@Noahpinion) February 22, 2022 I’m only medium-good at tweets, and I don’t have much experience at all with Russia or Ukraine. But what I can do is parse...