Globalism and its Institutions

Twice as Important

By Michael Friday, October 13, 2023 Articles, Globalism and its Institutions IMF, Washington Consensus Permalink

IMF showdown with China in Morocco, October 12, 2023 This year’s annual IMF/World Bank meetings in Morocco are the most explicitly confrontational yet by US/NATO diplomacy toward China and its fellow BRICS+ allies. It is not really rivalry, because US neoliberal financial policy is so different from the aims that the BRICS+ countries have been developing at their own recent international meetings. At issue is not only what countries will be the major beneficiaries of future IMF and World Bank loan operations, but whether the world will back US unipolar dominance? Or will it start to move explicitly toward a multipolar philosophy of mutual support to increase living standards and prosperity? This is counter to the anti-labor austerity imposed by US demands, using these two organizations as arms of its New ...

The Destiny of China

By Michael Thursday, August 10, 2023 Globalism and its Institutions, USA No tags Permalink

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. https://www.youtube.com/watch?v=HAC4gGRAJ3Q https://www.youtube.com/watch?v=3hzYUE_VV-Y https://www.youtube.com/watch?v=UBgUIUgGZsg https://www.youtube.com/watch?v=CCMaxnmxaxw Image by 畅苏 from Pixabay

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 ...

Sitting on the Shoulders of Global Fracture

By Michael Sunday, April 16, 2023 Globalism and its Institutions Geopolitical Economy Hour Permalink

Economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. By Radhika Desai and Michael Hudson. In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. You can find more episodes of Geopolitical Economy Hour here. Transcript RADHIKA DESAI: Hi everyone, welcome to the seventh Geopolitical Economy Hour, a program about the political and geopolitical economy of the fast-changing world of today. ‘m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And as some of you know I just got back from Russia which is why we are doing this show with a ...

Mid 2022 Geo-Political Levers at Play

By Michael Friday, July 1, 2022 Globalism and its Institutions No tags Permalink

Economist Michael Hudson on inflation and Fed plan to cut wages: A depression is coming Economist Michael Hudson explains the inflation crisis and US Federal Reserve’s “austerity program to reduce wages” and boost unemployment. He warns a “long depression” is coming, due to the new cold war on Russia and China. https://www.youtube.com/watch?v=-AJwMvCxwm0 Economist Michael Hudson explains the inflation crisis and the US Federal Reserve’s “austerity program to reduce wages.” Western so-called economics experts are openly calling to boost unemployment. Hudson warns a “long depression” is coming, in which the poor will suffer so the rich can get richer, in order to advance Washington’s new cold war on Russia and China. BENJAMIN NORTON: Hey, everyone, this is Ben Norton, and you are watching or listening to the Multipolarista podcast. I am always privileged to be joined by ...

Ukraine 4 Steps On

By Michael Tuesday, May 3, 2022 Globalism and its Institutions, Interviews No tags Permalink

Katie Halper podcast, April 29, 2022 TRANSCRIPT KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We're really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the rest of the world, or really the conflict between Russia and US, and the economic fallout. MICHAEL HUDSON: Well, it depends on what side you’re looking at. From the Russian side, I don't think the economic factors were primary. They were threatened by NATO's expansion and really a plan to attack the Russian-speaking areas of Ukraine. So, I think Russia's calculations were simply military. ...

China – a Sub-Imperial Ally of the West?

By Michael Sunday, April 3, 2022 Globalism and its Institutions, Interviews China Permalink

Hudson Bond debate PART II March 28, 2022 Is China’s Belt and Road initiative a socialist or capitalist approach to trade? Michael Hudson and Patrick Bond discuss and debate on theAnalysis.news with Paul Jay. https://www.youtube.com/watch?v=khzqxwBJ0js&feature=emb_logo TRANSCRIPT Paul Jay Hi and welcome back to theAnalysis.news, I’m Paul Jay. We’re going to continue our conversation with Patrick Bond and Michael Hudson about China. The first part, if you haven’t watched it, you probably should go back and watch it because it’s about more of the domestic situation. Now we’re going to talk about China’s international footprint and how we see it. So join us back in just a few seconds. Please don’t forget the donate button, subscribe button, ring the bell button if you’re watching on YouTube, and most important thing, get onto our email list by ...