Michael Hudson

China in Charts

By Michael Tuesday, March 26, 2024 Interviews Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=isJR5dS27qA (China Part 2/2) RADHIKA DESAI: Hello and welcome to the 25th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer, Paul Graham, and our transcriber, Zach Weisser. Today we are going to take up where we left off last week on the subject of China's future. What is it to be? Economic decline, as frequently predicted by Western pundits? Or is China going to be launching the next industrial revolution? And as last time, we have with us Professor Mick Dunford, Professor Emeritus of Geography at Sussex University, and now working at the Chinese Academy of Sciences. ...

China: Local Flowers Bloom

By Michael Sunday, March 17, 2024 Interviews China, Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=3K1Vku1SDd8 RADHIKA DESAI: Hello and welcome to the 24th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton; our videographer, Paul Graham; and our transcriber, Zach Weiser. And with us today we have, once again, Professor Mick Dunford, professor emeritus of geography at Sussex University and now working at the Chinese Academy of Sciences, keeping a close watch, among other things, on China’s economy. So welcome, Mick. MICK DUNFORD: Thank you very much. RADHIKA DESAI: So, China’s economy is what we’re going to talk about today. Where is it at after decades of breakneck growth, after executing the greatest industrial revolution ...

Economics as a Form of Art

By Michael Wednesday, March 13, 2024 Articles No tags Permalink

https://youtu.be/d2hWvaqjMmk Robinson Erhardt discussion, March 10 ,2024 Michael Hudson discusses his work Robinson: Michael, I read in your book, Killing the Host, that you decided to become an economist after meeting one named Terrence McCarthy, who explained to you why financial crises tend to occur in the autumn after crops are harvested. And this was an interesting question. What's the story and why was it so compelling for you? Michael: Well, most economies used to be agricultural economies. That was the center and there was something called the autumnal drain. In other words, when it was time to move the crops, banks needed to provide the credit for the wholesale buyers of grain to pay the farmers for their crop, to buy the crop. That would drain money out of the banking system and ...

Europe’s Loss is America’s Gain

By Michael Wednesday, February 28, 2024 Financial, Interviews Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=Xwht64COz2Q RADHIKA DESAI: Hello and welcome to the 23rd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton; our videographer, Paul Graham; and our transcriber, Zach Weisser. 2024 is being billed as the greatest election year in history. More than 50 countries are going to the polls, that's 7 out of its 10 most populous countries, with a combined population of 4.2 billion, that is more than half the world's 8 billion population. Among these, for good or ill, one might add, the US election will be the most consequential, deciding life and death questions such as how much ...

New School University Race to the Bottom

By Michael Thursday, February 22, 2024 Articles No tags Permalink

I found a story in Saturday’s New York Times that I think epitomizes the crapification of higher education in the United States. It concerns the New School, where I taught at the graduate faculty from 1969 to 1972 (when it was still called the New School for Social Research). Sharon Otterman, “Facing Budget Troubles, Some Colleges Look to Sell the President’s House,” The New York Times, February 16, 2024. The New School wants to sell its presidential residence in Manhattan for $20 million. It joins other small colleges that are turning to their real estate to help them through budget troubles. The president of the New School in Manhattan is about to lose an extraordinary perk: a five-story West Village townhouse that for decades has served as the university head’s official residence. The school, ...

Pathways to Solutions

By Michael Saturday, February 10, 2024 Interviews Geopolitical Economy Hour Permalink

Economic solutions: How to go from financialized neoliberalism to a productive, sustainable economy. Geopolitical Hour 22, February 9, 2024. https://www.youtube.com/watch?v=o2HTc8yA4mI RADHIKA DESAI: Hello and welcome to the 22nd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton, our videographer, Paul Graham, and our transcriber, Zach Weisser. We all urge you to click the Like button, if you like what we are doing, share it on social media, and subscribe to our work by hitting the Subscribe button. In our last show, which we entitled "The Debt Explosion, How Neoliberalism Fuels the Debt Crisis", we promised that our next show would be about ...

Efficiency is Hilarious

By Michael Monday, February 5, 2024 Interviews No tags Permalink

Dialogue Works, January 18, 2024. First part: https://youtu.be/ifnCakYJNVM or https://www.youtube.com/watch?v=ifnCakYJNVM Second part: https://youtu.be/LAagE-7BLN4, Dialogue works (Nima): when it comes to capitalism, they're talking about that capitalism is by far the most effective and productive economic system. Ohio Senator, James Vance, just recently said that Russia produces as much ammunition in a day as the U.S. does in a month. what's the problem with the U.S. economy that they're not capable of producing enough ammunition to help Ukraine? Richard D. Wolff: Well, let me begin with a comment. I do not believe it is an exaggeration to say that the spokespersons for every economic system in the history of the world have included people who say that whatever system they are, the spokesperson of is the best and the most efficient and the most equitable and the most ...

Credit the Economic Planner

By Michael Thursday, January 18, 2024 Interviews No tags Permalink

https://www.youtube.com/watch?v=imiA3-ygTkk&t=150s HAIPHONG:Welcome, everyone. Welcome to the stream. It’s Danny Haiphong, your host. As you can see, I’m joined by the renowned economist and author, Professor Michael Hudson. You can find his website in the video description. Please do hit the like button as we begin. That helps boost this stream. And, of course, you can find not only Michael’s website, but all the ways you can support this channel in the video description. How are you doing today, Michael? HUDSON:Pretty good. It’s snowing here in New York, so I’m pretty much snowed in. HAIPHONG:Yep. Yes, yes, it is quite bad out there today. But I am glad to have you here because there’s a lot of economic news. But you emphasize, and this channel tries to emphasize, the relationship between geopolitics and economics, ...

Perfecting Imperialism

By Michael Thursday, January 18, 2024 Interviews No tags Permalink

Michael Hudson: “US imperialism, Krugman, de-dollarization, socialism, Palestine, China.” India and Global Left, January 13, 2024, with Jyotishman Mudiar. “This is the problem China will face.” https://youtu.be/M0Ef_hbNsBs JM: Hello, and welcome to another episode of India and Global Left. Today, we have with us the economist Michael Hudson. Michael, welcome back to India and Global Left. MH: Good to be here. JM: Last time you came here, the show went very well. We have got almost 100,000 views and a lot of people liked that, and we discussed super imperialism, among other things. One of the things that we discussed was the role of the World Bank, especially with regards to developing countries, and how it recklessly pushed its agenda of capital accumulation that ultimately hampered the struggle for land rights, struggle for collective ownership of ...

Debt Makes the World Go Around

By Michael Saturday, January 13, 2024 Debt, Interviews Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=A63afuvkbmk RADHIKA DESAI: Hello and welcome to the 21st geopolitical economy hour, the show that examines the fast-changing political and geopolitical economy of our time. Welcome also to a new year that promises to be nothing but rocky, so let's help rock it in the right direction. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: There's an old saying, money makes the world go around. Like so many other truths, neoliberalism has subtly but decisively altered this one too. The adage of the neoliberal age can be said to be "debt makes the world go around". Indeed, debt is not just making the world go around, it is making it spin madly. So madly that the possibility that it will spin out of control is ever present. Everywhere you look, ...