May, 2023 | Michael Hudson

Achieving by Undermining

By Michael Tuesday, May 30, 2023 Financial, Interviews Geopolitical Economy Hour Permalink

RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And as last time, we have once again with us today, Professor Mick Dunford, professor emeritus at Sussex University and visiting scholar at the Chinese Academy of Sciences. Mick is based in Beijing and his work focuses on world development, especially in Eurasia and China. And as you know from the last episode, Mick is here to help us discuss the political and geopolitical economy of the conflict over Ukraine. Last time we discussed the political and geopolitical economy of the conflict vis-a-vis Ukraine, Russia, and Europe. And in this episode, we would like to discuss the ...

The Arc of Time: Pro-Creditor History

By Michael Thursday, May 25, 2023 Articles, Interviews Ancient Near East, The Collapse of Antiquity Permalink

“Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world,” Ben Norton, Geopolitical Economy Report, May 25, 2023. https://www.youtube.com/watch?v=Hqe3IQQo_t4 BEN NORTON: Hi, everyone. I'm Ben Norton of Geopolitical Economy Report, and today I have the great pleasure of speaking with a friend of the show, the economist Michael Hudson, and I'm very excited to be discussing his newest book, The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point. This book is an absolute tour de force. It's an incredible work, not only of economic history, but simply, I would say, anthropology and economic archaeology. I think it really shows that many people know Michael Hudson for his work on economics and finance, but I would say that a book like this shows that he's ...

Neo-Liberal Machine Corners Ukraine, EU

By Michael Tuesday, May 16, 2023 Interviews Geopolitical Economy Hour Permalink

“Ukraine's neoliberalism on steroids, Europe’s economic suicide,” Geopolitical Hour 9, May 15, 2023. https://www.youtube.com/watch?v=6bF3QkHIB7I RADHIKA DESAI: Hello everyone and welcome to this ninth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today we have a special guest, Professor Mick Dunford. Mick is Professor Emeritus at Sussex University and a visiting scholar at the Chinese Academy of Sciences and his work focuses on world development, especially of Eurasia and China. Mick is going to help us discuss the political and geopolitical economy today of the Ukraine conflict. The conflict is dragging on. The much anticipated spring offensive has started and is sputtering. Western propaganda is beginning to portray what we know is in many cases a bloodbath for ...

Pepe Escobar’s review of The Collapse of Antiquity

By Michael Monday, May 15, 2023 Articles The Collapse of Antiquity Permalink

Pepe Escobar: “US Empire of Debt Headed for Collapse,” Sputnik International, May 15, 2023. Prof. Michael Hudson’s new book, "The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is a seminal event in this Year of Living Dangerously when, to paraphrase Gramsci, the old geopolitical and geoeconomic order is dying and the new one is being born at breakneck speed. Prof. Hudson’s main thesis is absolutely devastating: he sets out to prove that economic/financial practices in Ancient Greece and Rome – the pillars of Western Civilization – set the stage for what is happening today right in front of our eyes: an empire reduced to a rentier economy, collapsing from within. And that brings us to the common denominator in every single Western financial system: it’s all about debt, inevitably ...

Krugman Clings to Currency Tropes

By Michael Thursday, May 11, 2023 Globalism and its Institutions, Interviews de-dollarization Permalink

In this conversation with Geopolitical Economy Report editor Ben Norton, economist Michael Hudson responds to the misleading arguments against de-dollarization that New York Times columnist Paul Krugman made in his attempt to defend US hegemony and the dollar system. Hudson also discussed the ongoing US banking crisis and collapse of four banks in two months in another interview available here. https://www.youtube.com/watch?v=g9qjnl6jcx0 Geopolitical Economy Report · NY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman's dollar defense Transcript (smoothed) BEN NORTON: Hi everyone, I’m Ben Norton and this is Geopolitical Economy Report. I’m joined by the economist Michael Hudson, a friend of the show, a brilliant economist, the author of many books, and also the co-host of the program Geopolitical Economy Hour here with Radhika Desai. Today we’re going to be talking about de-dollarization. Michael and Radhika just did ...

The Hard Iron Financial Fist

By Michael Friday, May 5, 2023 Articles Geopolitical Economy Report Permalink

https://www.youtube.com/watch?v=ImjdVxd09fo&t=1s BEN NORTON: Hi, everyone. I'm Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of the show Radhika Desai. I will link to that show in the description below. I had Michael on in March to discuss the collapse of three U.S. banks in just one week. That was Silicon Valley Bank, Signature Bank and Silvergate Bank. And yet the crisis has continued since then. And I knew I needed to bring back Michael to talk about the latest developments. In just two months, four banks in the United States have collapsed. And we now ...

The QE Quandry

By Michael Monday, May 1, 2023 Interviews de-dollarization, Geopolitical Economy Hour Permalink

In this episode of their program Geopolitical Economy Hour, Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. You can find more episodes of the Geopolitical Economy Hour here. https://www.youtube.com/watch?v=0Jxl4LRpIpw Podcast Transcript (smoothed) RADHIKA DESAI: Hi everyone, welcome to this eighth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And this will be the fourth and final show on de-dollarization. As you know, we initially decided to do a couple of shows on de-dollarization, but Michael and I have written lots about it, both jointly and individually. And we have lots to say. So it eventually became three programs, and even then ...