Recent Posts by Michael

Reciprocal Ignorance: East-West

By Permalink Geopolitical Economy Hour, September 23, 2023.  BRICS or NATO? G20 or G77? Summits debate changing world order RADHIKA DESAI: Hello and welcome to the 17th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And today we are joined once again by the incomparable Pepe Escobar. Welcome back, Pepe. PEPE ESCOBAR: Hi, everybody. Great pleasure to be with you both. RADHIKA DESAI: Great. So Pepe and Michael and I are going to discuss the apparently unending series of summits and read their tea leaves to see what they tell us about how the world is changing. And that summitry has been pretty exhausting. There was the fateful NATO summit in July, where much to his chagrin, President Zelensky failed ...

Financial Conquest So Insidious

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On this episode of RT's Going Underground, we speak to former Wall Street Financial Analyst Michael Hudson, author of ‘The Collapse of Antiquity’. He discusses the origins of debt stemming from the oligarchy-dominated Ancient Greek and Roman ‘democracies’, the tradition of debt cancellation, and how the Roman and Greek oligarchies marked a turning point in history by using debt as a weapon of societal control. He goes on to explain how oligarchic control of entire countries in contemporary late-stage capitalism has evolved through the US-dominated IMF and World Bank, why financial conquest has been far more deadly than military conquest, and much more. Image by csk from Pixabay

High Finance & Investment Colonialism

"Imperialism: How the struggle of both classes and nations creates our world" Geopolitical Hour 16, August 29, 2023. RADHIKA DESAI: Hello and welcome to the 16th 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 we are recording this show on the last day of what may well be remembered as a historic BRICS summit, defying no end of gleeful predictions in the Western press about the BRICS' irrelevance, disunity, mendaciousness, authoritarianism, and whatnot. The five major countries that today constitute the BRICS, despite their relative poverty, constitute a larger proportion of the world economy, measured by PPPs, that is to say purchasing power parity. And they have been able to come together and ...

BRICS Keep Building

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BRICS+ is here. Danny Haiphong interviews Michael Hudson and Pepe Escobar, August 25, 2023. DANNY HAIPHONG: As you can see, it's your host, Danny Haiphong, and I'm joined by two very special guests, friends of each other and friends of this show. We have the renowned economist Michael Hudson, author of The Collapse of Antiquity, his recent book. Welcome, Michael. Thanks for joining again. And we have Pepe Escobar, geopolitical analyst and journalist joining us from Moscow. Welcome, Pepe. How are you both doing today? PEPE ESCOBAR: Enormous pleasure. Great to be with you both and with our audience, of course. DANNY HAIPHONG: Great, great. You know what to do as you are coming on. Make sure you're liking the stream. If you're new here, subscribe to the channel. Hit that notifications bell and do ...

Creating an Independent World

By Permalink   Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS AK: Hello everyone.  Welcome back to my channel. I see we are live already, perfectly on time, with a Swiss Precision today, because I have fantastic guest - Mr. Michael Hudson, who has been recommended to me by the one and only Andre Marciano who said, Ania, you have to talk to Mr. Hudson, so here he is.  I'm very grateful to welcome Mr. Hudson, who is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator and journalist.  He's also a Wall Street Financial analyst, and the president of the Institute for the Study of Long-Term Economics, as well as a prolific author of, I don't know exactly of how many books, but at least 11; I believe is correct yes? So welcome ...

The Destiny of China

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Here I present The Destiny of Civilization to a Chinese audience via the Global University of Sustainability. It's in 4 Parts, originally presented in 2022.   Image by 畅 苏 from Pixabay

Eleven Objectives of Neoliberalism

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A series of lectures will be coming out of my relationship with Hong Kong's Global University of Sustainability. These have been tiered to a Chinese audience, revealing another layer to my work. Thanks for all your support via Patreon.   Image by Владимир Харитонов from Pixabay

Towards a Demilitarized Global Currency

War hawks' drive to expand NATO into Asia may destroy Western military alliance  Geopolitical Hour, August 4, 2023 RADHIKA DESAI: Hello everyone and welcome to the Geopolitical Economy Hour, a program that discusses the political and geopolitical economy of our time. I'm Radhika Desai.  MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today we have once again Pepe Escobar, roving reporter extraordinaire. Welcome, Pepe.  PEPE ESCOBAR: Thank you. It's an enormous pleasure to be with you guys again.  RADHIKA DESAI: And today we are going to continue the discussion we started in the last Geopolitical Economy Hour, entitled NATO Out of Bounds, War Against Russia, War Against China. Last time we discussed where the Vilnius Summit had left NATO and the divisions within the alliance that the summit had exposed, how the proxy war on ...

NATO Moves to Bait China

Geopolitical Economy Report, July 28, 2023   NATO failed in Ukraine against Russia. Now it's targeting China By Radhika Desai and Michael Hudson. 93.1K subscribers  Political economists Radhika Desai and Michael Hudson are joined by geopolitical analyst Pepe Escobar to discuss how NATO has shifted from its proxy war against Russia in Ukraine to targeting China in the Pacific. RADHIKA DESAI: Hello, everyone, and welcome to the 15th 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 propose to discuss NATO in the aftermath of its recently concluded Vilnius Summit, exploring a variety of questions about how its assault on Russia is faring and the prospects of extending its sphere of operations to what NATO leaders like to call ...

Global Economic History in 2.5 Hours

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Demystifying Economics, June 30 2023  Youtube: (part 1) and (part 2)   Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. In part 1 ( of this conversation, we talk about GDP as a false marker of prosperity, the growing influence of the rentier class, fantasies of joining the one percent, and why there’s never going to be another debt jubilee, even if it means the whole system has to fall apart. We continue the conversation about possible solutions in part 2 (, we talk about modern monetary ...

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