A Civilizational Split

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Michael Hudson critiques the feasibility of Western economic strategies in war, emphasizing that without invasion and military occupation, victory is unattainable. He highlights the impracticality of modern democracies engaging in large-scale warfare due to public resistance to military drafts and social spending cuts. Western sanctions and resource mismanagement, he argues, strain domestic economies, while BRICS nations, particularly China, display resilience and strategic foresight. The rise of BRICS signals a global economic shift, challenging U.S. dominance established post-WWII. Hudson underscores the importance of understanding history over neoliberal economics to address contemporary challenges effectively, advocating for alternative frameworks to navigate global conflicts and economic transformations.

Petrodollar Deal or No Deal

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Richard D. Wolff & Michael Hudson: ICC Arrest Warrants Issued for Netanyahu,Ukraine escalations, G20 Dialogue Works • 1:14:45 • https://www.youtube.com/live/jQkNAQQoTxw NIMA ALKHORSHID: Hi, everybody. Today is Thursday, November 21st, and we have Michael Hudson and Richard Wolff with us here. Welcome back. RICHARD WOLFF: Thank you, Nima. Glad to be here. MICHAEL HUDSON: Yep! NIMA ALKHORSHID: And let's get started with the breaking news about Netanyahu and Gallant. We've learned that ICC, we've learned about the ICC arrest warrant on Netanyahu and Gallant, the former defense minister of Israel. And here is what we heard from CNN. CNN NEWS CLIP: “The criminal court has just issued arrest warrants for Israeli prime minister Benjamin Netanyahu and former Israeli defense minister Yoav Gallant, accusing them of war crimes in Gaza, and also for a top Hamas commander, also known ...

A Concept of a Plan … for the National Interest

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This discussion highlights the structural challenges facing America’s economic and political system, emphasizing how vested interests manipulate markets, language, and policy to sustain inequality. The U.S. operates in a “stacked marketplace,” favoring creditors and employers over wage earners, with little public debate or university-level economic critique. While populist narratives resonate, substantive solutions remain elusive.

Richard Wolff suggests reframing immigration as an economic growth tool, historically integral to U.S. prosperity. By crafting a bold, inclusive narrative—such as guaranteeing jobs for all citizens and immigrants—he argues for uniting communities rather than pitting them against each other. Michael Hudson supports a historical approach to understanding economic issues, advocating for storytelling that explains policies’ real-world impacts to inspire systemic change.

Beyond Surface Economics: The Case for Structural Reform

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Michael Hudson discusses the evolving disconnect between modern economics and practical economic realities, using the example of American capitalism and its global influence. He critiques the shift towards finance capitalism and deregulation, comparing it to Thatcher-era England’s libertarian model, which minimized state intervention in the economy. This trajectory, according to Hudson, has led to a situation where government influence is overridden by corporate donors and financial interests, sidelining public welfare.

Hudson explains his approach to economics, likening it to taking apart and reassembling an engine; it’s not just surface-level phenomena but understanding fundamental structures like balance of payments and GDP. He emphasizes how mainstream economics often ignores these practical frameworks, contributing to a distorted economic vision and misguided policy decisions.

The Revolt of the Working Class: What Trump’s 2024 Win Reveals About American Discontent

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In a recent economic roundtable, economists Richard Wolff and Prof Michael Hudson analyzed the surprising factors behind Donald Trump’s 2024 election victory. Wolff attributed Trump’s win to a deep, growing resentment among the American working class, disillusioned by four decades of neoliberal globalization. This shift hollowed out U.S. manufacturing, devastated cities like Detroit, and stripped jobs from communities, creating a longing for a past economic stability that Trump’s rhetoric promises but fails to deliver. Wolff emphasized that Trump’s appeal lies in his symbolic stance as the “protector” of working people, contrasting sharply with the Democrats’ limited policy proposals.

Hudson added a political lens, arguing that Democrats knowingly chose policies they knew might fail with working-class voters, prioritizing loyalty to their Wall Street-aligned, neoliberal agenda over progressive, labor-focused alternatives. Both economists suggested that voters’ desire for substantial economic change led them to Trump—not as a true savior but as a rejection of the political status quo. Hudson further noted the systemic challenges third-party candidates like Jill Stein face, reflecting a political system that marginalizes alternative voices and limits meaningful change. Together, Wolff and Hudson reveal an American political landscape where economic frustration fuels a polarizing and performative political arena.

US Election: The Illusion of Choice

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Explore Richard Wolff and Michael Hudson’s analysis on the state of U.S. politics, revealing the bipartisan silence on global power shifts, economic priorities, and the illusion of choice in upcoming elections. From U.S. foreign policy to the influence of corporate interests, they discuss the challenges America faces in an era of declining empire and rising global alliances.