War and Debt to Rule

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Cross posted from La Tribune Diplomatic International. French version Mohsen Abdelmoumen: Your analysis of Mesopotamian times and the wise rule of Emperors embodied by the practice of the Jubilee (compared to the predation of oligarchies) resonate with the Islamic economic theory which forbids riba (meaning usury) and imposes that banks and creditors share the risk of investment or debt. It also seems something deeply rooted in our Arabic and North African traditions of equality and justice where it is socially unacceptable to leave part of the community in dire poverty. As an anthropologist, have you related the success or failure of modern finance to anthropological factors like the structures of the rural families, theories developed by some like Emmanuel Todd? Michael Hudson: I have written a long article on Ibn Khaldun, ...

The Rentier Economy is a Free Lunch

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The Real Progressives Live with Michael Hudson on The Destiny of Civilization https://www.youtube.com/watch?v=cD_UcRtljDU Luke Parcher: All right. For those who might not know me, I'm Luke Parcher, I'm a student and activist. I volunteer with Real Progressives. I'm on our leadership team and I also do a show on Sundays covering politics and current events, and I do some interviews throughout the week and things which you guys can find on Real Progress in Action. I want to quickly talk about Real Progressives. If you're interested in learning more about us, you can go to realprogressives.org. We have articles, content, podcasts, all sorts of things. And if you're interested in helping us out, we are a nonprofit. You can go to realprogressives.org/donate. I also want to plug our founder and ...

Germany’s position in America’s New World Order

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Germany has become an economic satellite of America’s New Cold War with Russia, China and the rest of Eurasia. https://www.youtube.com/watch?v=E_zY44YClCY The article this talk was based on: Germany and other NATO countries have been told to impose trade and investment sanctions upon themselves that will outlast today’s proxy war in Ukraine. U.S. President Biden and his State Department spokesmen have explained that Ukraine is just the opening arena in a much broader dynamic that is splitting the world into two opposing sets of economic alliances. This global fracture promises to be a ten- or twenty-year struggle to determine whether the world economy will be a unipolar U.S.-centered dollarized economy, or a multipolar, multi-currency world centered on the Eurasian heartland with mixed public/private economies. President Biden has characterized this split as being between ...