U.S. Foreign Policy and Economic Shifts: Trump vs. Harris Debate Analysis

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Michael Hudson and Richard Wolff critique the lack of substantive policy debate in the Trump-Harris exchange, noting that key issues like U.S.-China relations and the economic decline of the U.S. were largely ignored. Both highlight that the debate focused on personality over policy, avoiding critical topics such as de-industrialization, foreign policy in Ukraine, and the shifting global economic landscape. Hudson points out the bipartisan reluctance to confront the policies driving U.S. economic decline, while Wolff emphasizes the refusal to address systemic issues within capitalism. The conversation underscores the absence of meaningful discourse on how to navigate America’s waning global dominance.

Debunking U.S. Bankruptcy Myths

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In this discussion, Michael Hudson argues that the real financial threat to the U.S. isn’t government debt but rather private debt, especially the student debt crisis, which is exacerbated by policies that prevent bankruptcy relief. He explains that government debt, particularly U.S. Treasury securities, is actually a highly sought-after asset globally, held by foreign central banks and wealthy investors, and is unlikely ever to be fully repaid. Hudson emphasizes that the U.S. can print money to cover its debts, creating an illusion of financial risk that doesn’t truly exist.