Tag "Michael Hudson"
Michael Hudson and Pepe Escobar discuss rent and rent-seeking, i.e., unproductive economic activity, in the US and China mainly but including the Russian, Iranian and Brazilian economies. In the first 15 minutes, an overview from Michael Hudson explains what happened in the US economy once jobs and manufacturing were offshored to mainly China. He proposes that even if China did not exist, the US economy has been changed to the
Dear friends, I have always held Michael Hudson in the greatest esteem. Not only do I consider him my favorite US economist out there, I also know that he is a kind human being. He manifested this kindness again when he agreed to reply to some very basic questions which a non-economist like myself would ask. I am deeply grateful to Michael for taking the time to reply to them!
[this interview was made for the Unz Review] Introduction: After posting Michael Hudson’s article “America Escalates its “Democratic” Oil War in the Near East” on the blog, I decided to ask Michael to reply to a few follow-up questions. Michael very kindly agreed. Please see our exchange below. The Saker ——- The Saker: Trump has been accused of not thinking forward, of not having a long-term strategy regarding the consequences
by Michael Hudson exclusively for the Saker Blog The mainstream media are carefully sidestepping the method behind America’s seeming madness in assassinating Islamic Revolutionary Guard general Qassim Suleimani to start the New Year. The logic behind the assassination this was a long-standing application of U.S. global policy, not just a personality quirk of Donald Trump’s impulsive action. His assassination of Iranian military leader Suleimani was indeed a unilateral act of
Introduction: I recently spoke to a relative of mine who, due to her constant and voluntary exposure to the legacy AngloZionist media, sincerely believed that the three Baltic states and Poland had undergone some kind of wonderful and quasi-miraculous economic and cultural renaissance thanks to their resolute break with the putatively horrible Soviet past and their total submission to the Empire since. Listening to her, I figured that this kind
by Michael Hudson, posted by special permission on the Saker blog * Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019. Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving
Note from the Saker: when Michael Hudson sent me this interview transcript with my friend Bonnie Faulkner I immediately agreed to post it. Hudson is, in my opinion, the best and most interesting US economist, while Bonnie Faulkner is definitely one of the 2 or 3 best interviewers in the USA. Having them together is always a treat, so it is with great joy that I post this interview on
by Michael Hudson for the Saker Blog (cross posted by authorization of the author with https://michael-hudson.com/) President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology. Some meeting between Chinese and U.S. leaders will indeed take place, but it cannot
[This interview was made for the Unz review] Introduction: There is a great deal of controversy about the true shape of the Venezuelan economy and whether Hugo Chavez’ and Nicholas Maduro’s reform and policies were crucial for the people of Venezuela or whether they were completely misguided and precipitated the current crises. Anybody and everybody seems to have very strong held views about this. But I don’t simply because I
by Michael Hudson Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and
by Paul Craig Roberts and Michael Hudson According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, its economy would be far ahead of where it stands today. It would have avoided most of the capital flight to the West by relying on self-finance. Washington took advantage
NOTE: Readers are asking to know who, in addition to the Western-financed NGOs, are the Fifth Columnists inside Russia. Michael Hudson and I left the description general as Atlanticist Integrationists and neoliberal economists. The Saker provides some specific names. Among the Fifth Columnists are the Russian Prime Minister, head of the Central Bank, and the two top economics ministers. They are springing a privatization trap on Putin that could undo
by Michael Hudson for the Unz Review As Russia and Asia move to circumvent the stranglehold of an aging, U.S. dominated international financial and legal system with its promise of endless austerity and privatization by foreign investors, the IMF and World Bank double-down by making it more difficult for them to transact business and administer credit. A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered
by Michael Hudson specially for the Saker Blog On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.” Since 1947 when it really started operations, the World Bank
Dear friends It is my immense privilege and honor to submit to you my interview with Michael Hudson, whom I consider to be the best economist in the West. The Saker The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a “technical” default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk
Foreword by the Saker: I am absolutely delighted to submit to you today an article by Michael Hudson whom I consider to be the best and most visionary economic out there, bar none. Michael has kindly agree to allow me to post this article and, even better, he also agreed for a Q&A interview with me. To say that I am honored would be an understatement. The Saker Ukraine Labor
The Ruble is slowly climbing back up and is already treading at a much more reasonable rate (with probably more readjustment ahead). See for yourself: But his happened at a great cost. See ZeroHedge about this: http://www.zerohedge.com/news/2014-12-25/ruble-rallies-34-after-biggest-russian-intervention-5-years Also, I would like to highly recommend the analysis of my favorite American economist, Michael Hudson who does a superb job explaining the Russian strategy for the Real News Network: http://michael-hudson.com/2014/12/russian-pivot/Cheers,The Saker
By Michael Hudson for Frankfurter Allgemeine Zeitung via Information Clearing House The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk submitting their plans to democratic vote after Icelanders twice refused in 2010-11
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College, for Naked Capitalism A longer version of this article in German was published in the Frankfurter Algemeine Zeitung on December 5, 2011 Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown
by Prof. Michael Hudson for Global Research Now that President Obama is almost celebrating his bipartisan willingness to renew the tax cuts for the super-rich enacted under George Bush ten years ago, it is time for Democrats to ask themselves how strongly they are willing to oppose an administration that looks like Bush-Cheney III. Is this what they expected by Mr. Obama’s promise to rise above partisan politics – by
