Prof Michael Hudson on the balance of payments chaos unleashed by Trump. How will Mexico and Canada react? What can Europe do to position itself against the tide of rising prices?
US Economic Colonialism On Notice
Prof Michael Hudson provides insight on the waning US power structure as short termism bites. He explains how Labor internationally has become even more right wing than the conservatives. Another fascinating discussion.
The Secret of the Long March
https://www.youtube.com/watch?v=QuKG___qK-8 RADHIKA DESAI: Hello and welcome to the 36th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our world. I'm your host, 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. Thanks to many conferences I've been to, our usually fortnightly show has become a monthly show, that is, it's been a month since our last show. And what a month it's been. The historic U.S. election results came in while I was at the Valdai Discussion Club conference. Traditionally, it ends with a speech, usually a landmark speech, by President Putin. This time was no different. Two days after the U.S. ...
Weaponizing the US Dollar
Trump has promoted a number of plans to make America strong – at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines. That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be peaking under Trump: Every U.S. action attacking other countries tends to backfire and end up costing American policy at least twice as much. We have seen it become normal for foreign countries to be the beneficiaries of U.S. policy aggression. This is most obviously the case for America’s trade sanctions against Russia. If the United States is not itself the loser (as in cutting the Nord Stream pipeline led to its soaring LNG exports), then its allies ...
As Good As It Gets
The current global economic and political landscape is increasingly unstable, driven by U.S. policies aimed at maintaining dominance through chaos. Key issues include energy crises, such as Europe’s dependence on Russian gas, and rising geopolitical tensions involving BRICS nations and NATO. The U.S. sanctions strategy strains global energy markets and destabilizes debtor nations, while nationalist movements gain traction in Europe. With challenges like fracking decline, rising energy costs, and policy conflicts, the world faces economic disarray and uncertain paths forward.
