The 1% and Piketty

April 30, 2014
By

More at The Real News Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. Michael is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond...

Read more »

Piketty’s Wealth Gap Wake Up

April 24, 2014
By

Renegade Economists interview April 22nd, 2014 Listen Subscribe to the weekly podcast. Karl Fitzgerald: Michael Hudson – www.Michael-Hudson.com – is back on the 3CR airwaves with an explosive show moving through the incredible wealth gap as outlined by Thomas Piketty. His book is barnstorming the world at the moment. We review it, alongside a...

Read more »

Obama channeling Cheney?

April 17, 2014
By

More at The Real News I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. He is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and Its Discontents....

Read more »

Anti-Russian sentiment a resource play diversion

April 10, 2014
By

Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. Hundreds of pro-Russian protesters have seized public buildings in Eastern Ukrainian cities. They’re demanding referendums to secede from Ukraine in order to become a part of Russia. Ukrainian officials have blamed Putin for this continued unrest, but it should be noted that Ukraine...

Read more »

R is for Rentier

April 5, 2014
By

The latest instalment to the Insider’s Economic Dictionary. Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity. The effect is to shrink the circular flow between producers and employee-consumers, leading to...

Read more »

P is for Ponzi

April 3, 2014
By

Part P in The Insiders Economic Dictionary. Panic: The abrupt culminating stage of the business cycle, in which inflated asset prices collapse in price as financial securities and properties are sold to pay off debts. Parallel Universe: The objective of modern economic methodology. A hypothetical exercise in science fiction depicting a world that conceivably...

Read more »

Ukraine’s Boomerang Aid

March 29, 2014
By

with Thom Hartmann from RT’s The Big Picture.

Read more »

Crimea: Geo-Political Gas

March 22, 2014
By

More at The Real News Who In Ukraine Will Benefit From An IMF Bailout? Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal like cuts to gas subsidies and pensions will hurt the average Ukrainian citizens and benefit kleptocrats – March 21, 14 Bio JEFFREY SOMMERS is an associate professor...

Read more »

Russia, Crimea and the Consequences of NATO Policy

March 17, 2014
By

Ukrainian Hangovers AS first published on Counterpunch by JEFFREY SOMMERS and MICHAEL HUDSON Russia’s incursion (invasion if you prefer) into Crimea, with prospects for movement into Eastern Ukraine, is the culmination of US/NATO policy since 1991. The unraveling of the USSR and its Soviet bloc (the Warsaw Pact) dismantled the largest empire in modern...

Read more »

Ukraine, Austerity….Again?

March 17, 2014
By

An interview with WBEZ on the one-sided view of economic reform. WBEZ writes: Both the U.S. and the E.U. have pledged aid packages to help Ukraine’s new government stabilize the country’s economy. The IMF also has a team on the ground in Ukraine, currently analyzing the country’s debt crisis. They expect to make recommendations...

Read more »

Ukraine: “Go West, Young Man”

March 1, 2014
By

By Jeffrey Sommers & Michael Hudson As first published on Truth Out “Let them loot.” That is the demand of the West when its NGO subsidiaries firebomb government buildings, murder policemen and loot the arms depots of military forts. Kiev is the equivalent of Kosovo as a Slavic city-of-origin. Are we seeing a replay?...

Read more »

Russia’s Economic Development to Offset Terrorist Fervor?

February 25, 2014
By

By Jeffery Sommers & Michael Hudson The Sochi Olympics were the great success Russia hoped for. The opening ceremonies proved a radiant display drawing on Russia’s most compelling cultural assets. This artful look back to Russia’s past greatness proved both a reminder and challenge to its own people to reprise their historical greatness going...

Read more »

Monopoly’s Poster Children

February 16, 2014
By

This is the first episode of our new “Alternative Voices” interview series, where we talk to people who give us a different perspective on all manner of topics. Our first guest is Professor Michael Hudson, a research professor of economics at the University of Missouri in Kansas City and the author of two books...

Read more »

N is for Neo-Serfdom, O for Offshore Banking

January 23, 2014
By

Part N, O in The Insiders Economic Dictionary. Neoclassical economics: The school that arose in the last quarter of the 19th century, stripping away the classical concept of economic rent as unearned income. By the late 20th century the term “neoclassical” had come to connote a deductive body of free-trade theory using circular reasoning...

Read more »

M for Marginalism

January 22, 2014
By

Part M in The Insiders Economic Dictionary. Malthus, Thomas Robert (1766-1834): British economist and spokesman for its landlord class. His Principles of Political Economy (1820) countered Ricardo’s critique of groundrent by pointing out that landlords spent part of it on hiring coachmen and other servants and buying luxury products (coaches, fine clothes and so...

Read more »

L is for Land

January 19, 2014
By

Part L in The Insiders Economic Dictionary Labor: The labor theory of value resolves the value of products and capital goods into labor costs, while Say’s Law focuses on how employees spend their wages. Hence, labor often is euphemized as “consumers” rather than focusing on the terms of their employment by capital. Labor capitalism:...

Read more »

95% Income Growth Goes to the 1%

January 16, 2014
By

Interviewed by Lira of Boom Bust, starting at 5 minutes. Pt2 coming soon.

Read more »

Trade Advantage Replaced by Rent Extraction

December 17, 2013
By

I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Why Comparative Advantage was replaced by Rent Extraction – with Prof Michael Hudson by Renegadeeconomists...

Read more »

Surviving Oligarchy

November 29, 2013
By

A clip from Surviving Progress as so kindly linked to by Max Keiser and team. Please read my latest book for detail on the structures enhancing oligarchy.

Read more »

J is for Jubilee, K for Kleptocrats

November 26, 2013
By

Part J in The Insiders Economic Dictionary Jubilee Year: In Judaic Law (Leviticus 25) a Clean Slate to be proclaimed every 50 years annulling personal and agrarian debts, liberating bond-servants to rejoin their families, and returning lands that had been alienated under economic duress. Long thought to have been merely a literary religious ideal,...

Read more »