Michael Hudson interviewed by Margaret flowers, Clearing the Fog, March 29, 2022. https://popularresistance.org/michael-hudson-us-dollar-hegemony-ended-abruptly-last-wednesday/ Posted with Dr Hudson’s permission 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
Tag "Michael Hudson"
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
Posted with Michael Hudson’s permission https://www.rt.com/shows/renegade-inc/552236-michael-hudson-sanctions-ukraine/ Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross [00:00:49] Michael Hudson, always a pleasure to have you on the programme, welcome to Renegade Inc. Michael Hudson [00:00:53] Thank you for inviting
by Michael Hudson posted by permission Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s world. Observers across
America Defeats Germany for the Third Time in a Century: The MIC, OGAM and FIRE Sectors Conquer NATO
By Michael Hudson and posted with the author’s permission My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in the 1940s and 50s: “Wars never solved anything.” It was as if they never
America’s real adversaries are its European and other allies: The U.S. aim is to keep them from trading with China and Russia
By Michael Hudson and posted by permission The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not so much to isolate Russia and China as
Benjamin Norton from Moderate Rebels interviews Dr. Michael Hudson. The interview is more wide-ranging than the title suggests but, with razor-sharp intellect, Dr. Hudson breaks open the reason for today’s inflationary cycles. Dr. Hudson again looks at the roots of de-dollarization, the new financial system, China’s purported slow-down, and common prosperity policy being implemented now.
By Michael Hudson and posted with special permission : How the World Bank and neoliberalism has hurt central Asia . In the mid-1980s, Soviet officials saw a need to open up their economy in hope of achieving Western-style innovation and productivity. That was the decade in which Margaret Thatcher and Ronald Reagan were sponsoring the neoliberal pro-financial policies that have polarised the U.S., British and other economies and loaded them
Debate between Michael Hudson and Thomas Piketty on September 23, 2021 (Posted with special permission) The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Nika: Hi, I’m Nika. I’m David’s wife. This is an event in the honor of the first anniversary of David Graeber’s passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of
Interview: Renegade Inc and Michael Hudson (posted by special permission) Ross Welcome to Renegade Inc. With China’s increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, we ask, will China learn from Western mistakes? Ross
by Michael Hudson posted by permission Mr. Soros has thrown a public sissy fit over the fact that he can’t make the kind of easy money off China that he was able to make when the Soviet Union was carved up and privatized. On September 7, 2021, in his second mainstream editorial in a week, George Soros expressed his horror at the recommendation by BlackRock, the world’s largest asset manager,
By Michael Hudson and posted with special permission. In a Financial Times op-ed, “Investors in Xi’s China face a rude awakening” (August 30, 2021), George Soros writes that Xi’s “crackdown on private enterprise shows he does not understand the market economy. … Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.” Translated out of Orwellian Doublethink, the
By Michael Hudson, first posted at Unz Review and Expanded for The Saker Blog President Biden put a popular flag-waving wrapping for at America’s forced withdrawal from Afghanistan in his 4 PM speech on Monday. It was as if all this was following Biden’s own intentions, not a demonstration of the totally incompetent assurances by the CIA and State Department as recently as last Friday that the Taliban was over
Publication by Michael Hudson : 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
Radhika Desai, Michael Hudson at the Valdai Club. 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
By Michael Hudson and posted with special permission 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
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