by Michael

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Achieving by Undermining

By Tuesday, May 30, 2023 Financial, Interviews 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 ...

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The Arc of Time: Pro-Creditor History

By Thursday, May 25, 2023 Articles, Interviews , 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 ...

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Neo-Liberal Machine Corners Ukraine, EU

By Tuesday, May 16, 2023 Interviews 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 ...

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Pepe Escobar’s review of The Collapse of Antiquity

By Monday, May 15, 2023 Articles 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 ...

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Krugman Clings to Currency Tropes

By Thursday, May 11, 2023 Globalism and its Institutions, Interviews 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 ...

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The Hard Iron Financial Fist

By Friday, May 5, 2023 Articles 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 ...

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The QE Quandry

By Monday, May 1, 2023 Interviews , 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 ...

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What Can The World Expect From China’s Recovery?

By Saturday, April 29, 2023 Interviews Permalink

https://www.youtube.com/watch?v=zrv9-ZX3nqU&list=PLt-M8o1W_GdRfyjbZ2a0O1jKa_Ve35C52&index=3 1.(BOAO FORUM) For starters, this year’s Boao Forum undoubtedly brings great opportunities for exchanges between Chinese and foreign business people who may not have been able to meet since the outbreak of the pandemic. So what can we expect from such a good opportunity? And how do you think the Boao Forum could help or guide us in global economic recovery after the COVID pandemic? There are many perspectives on what are the most serious problems facing China and the rest of the world today. Even if you don’t agree on the diagnosis of some people, you at least need ...

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Democratic Liberty Versus Oligarchic Liberty

By Friday, April 28, 2023 Interviews , Permalink

https://theanalysis.news/part-2-debt-and-the-collapse-of-antiquity-michael-hudson/?cmid=67292843-46e5-42f5-a070-0682d9ef6d57 Colin Bruce Anthes Welcome back to theAnalysis for part two of our conversation with Dr. Michael Hudson on The Collapse of Antiquity. Michael Hudson I think the character of early Christianity is what is in the Lord’s Prayer. “Forgive them their debts as we forgive the debtors.” Christianity, especially Roman Christianity, made a travesty of this. They used the word sins. “Forgive us our sins as we forget the sins of the debtors.” What they meant was every kind of sin except economic. Colin Bruce Anthes A reminder, if you haven’t done so already, to like, subscribe, and ring that bell for notifications so you don’t miss our material. I want to do a little bit of name-dropping here. It’s a surprisingly fun book to read because of how culturally rich it is and how many of these references ...

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Balancing Individualism with Egalitarianism

By Tuesday, April 25, 2023 Interviews Permalink

https://www.youtube.com/watch?v=CmazxjNHVs4 TheAnalysis discussion April 21 2023,  Debt and the Collapse of Antiquity – Michael Hudson, By Colin Bruce Anthes   Colin Bruce Anthes Welcome to theAnalysis. I’m Colin Bruce Anthes. In a minute, we’ll be taking a first look at Michael Hudson’s new book, The Collapse of Antiquity. Michael Hudson When the emperors cancelled the debts, it was largely cancelling the debts of the wealthy. Sort of like the recent bank bailouts of Silicon Valley Bank and the banks in the United States. The wealthy don’t have to pay the debts, but if you’re not wealthy, you do have to pay the debts. That’s the basic Roman principle, and that is what America calls democracy. Colin Bruce Anthes Dr. Michael Hudson has long brought historical clarity to political economy. In his books like J Is for Junk Economicsand Killing the Host, he showed how neoclassical ...

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