Pathways to Solutions

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Economic solutions: How to go from financialized neoliberalism to a productive, sustainable economy. Geopolitical Hour 22, February 9, 2024. https://www.youtube.com/watch?v=o2HTc8yA4mI RADHIKA DESAI: Hello and welcome to the 22nd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton, our videographer, Paul Graham, and our transcriber, Zach Weisser. We all urge you to click the Like button, if you like what we are doing, share it on social media, and subscribe to our work by hitting the Subscribe button. In our last show, which we entitled "The Debt Explosion, How Neoliberalism Fuels the Debt Crisis", we promised that our next show would be about ...

Efficiency is Hilarious

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Dialogue Works, January 18, 2024. First part: https://youtu.be/ifnCakYJNVM or https://www.youtube.com/watch?v=ifnCakYJNVM Second part: https://youtu.be/LAagE-7BLN4, Dialogue works (Nima): when it comes to capitalism, they're talking about that capitalism is by far the most effective and productive economic system. Ohio Senator, James Vance, just recently said that Russia produces as much ammunition in a day as the U.S. does in a month. what's the problem with the U.S. economy that they're not capable of producing enough ammunition to help Ukraine? Richard D. Wolff: Well, let me begin with a comment. I do not believe it is an exaggeration to say that the spokespersons for every economic system in the history of the world have included people who say that whatever system they are, the spokesperson of is the best and the most efficient and the most equitable and the most ...

Credit the Economic Planner

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https://www.youtube.com/watch?v=imiA3-ygTkk&t=150s HAIPHONG:Welcome, everyone. Welcome to the stream. It’s Danny Haiphong, your host. As you can see, I’m joined by the renowned economist and author, Professor Michael Hudson. You can find his website in the video description. Please do hit the like button as we begin. That helps boost this stream. And, of course, you can find not only Michael’s website, but all the ways you can support this channel in the video description. How are you doing today, Michael?  HUDSON:Pretty good. It’s snowing here in New York, so I’m pretty much snowed in.  HAIPHONG:Yep. Yes, yes, it is quite bad out there today. But I am glad to have you here because there’s a lot of economic news. But you emphasize, and this channel tries to emphasize, the relationship between geopolitics and economics, ...

Perfecting Imperialism

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Michael Hudson: “US imperialism, Krugman, de-dollarization, socialism, Palestine, China.” India and Global Left, January 13, 2024, with Jyotishman Mudiar. “This is the problem China will face.” https://youtu.be/M0Ef_hbNsBs JM: Hello, and welcome to another episode of India and Global Left. Today, we have with us the economist Michael Hudson. Michael, welcome back to India and Global Left. MH: Good to be here. JM: Last time you came here, the show went very well. We have got almost 100,000 views and a lot of people liked that, and we discussed super imperialism, among other things. One of the things that we discussed was the role of the World Bank, especially with regards to developing countries, and how it recklessly pushed its agenda of capital accumulation that ultimately hampered the struggle for land rights, struggle for collective ownership of ...

Debt Makes the World Go Around

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https://www.youtube.com/watch?v=A63afuvkbmk RADHIKA DESAI: Hello and welcome to the 21st geopolitical economy hour, the show that examines the fast-changing political and geopolitical economy of our time. Welcome also to a new year that promises to be nothing but rocky, so let's help rock it in the right direction. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: There's an old saying, money makes the world go around. Like so many other truths, neoliberalism has subtly but decisively altered this one too. The adage of the neoliberal age can be said to be "debt makes the world go around". Indeed, debt is not just making the world go around, it is making it spin madly. So madly that the possibility that it will spin out of control is ever present. Everywhere you look, ...

Comparing Feudal to Financial

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Hudson interview with Robinson Erhardt, September 26, 2023. Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt | Robinson's Podcast #180, https://youtu.be/4cQbyYBUvzY Robinson: I’m from Chicago, and when I saw that you went to the University of Chicago Lab School, which I know quite well, and then the University of Chicago, which I also know quite well—and when the Chicago School of Economics was promoting the free market and probably in its heyday….I immediately found myself wondering: When you're in this environment, how did you come to believe that what was ostensibly a libertarian ideology was in fact becoming a tool for financial interests to manipulate the government and cheat the 99%? Michael: I was there from 1955 to 1959. I never knew anything at all about the economics department; I didn't know ...

Predictions 2024

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Transcript of an interview between Ania and Michael Hudson. The interview took place on December 29, 2023. https://www.youtube.com/watch?v=7iwV-Zhwb9I ANIA: Hello everyone, welcome back to my channel. It looks like we are live and we are a few seconds before time, so a little bit better than Swiss precision. Today I have for the second time a very, very special guest. Many of you have been anticipating this conversation with Professor Michael Hudson, who is the financial analyst and very distinguished research professor of economics. Someone whose expertise, opinion, knowledge I very much value. And I think as we are coming to the end of 2023, this might be a very important discussion here, very important information from Professor Hudson. So welcome back, Professor Hudson. Thank you so much for finding time for ...

Is It Over Yet?

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RADHIKA DESAI: Hello and welcome to the 20th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Well, it’s happening again. Reports of the death of neoliberalism are once again proliferating. Just take a look at the UK Guardian. In the UK Guardian website, there’s a whole series of stories, whether neoliberalism is dying, the rise and fall of neoliberalism. Biden just declared the death of neoliberalism. Is neoliberalism finally over? Is neoliberalism finally dead? Is the neoliberal era over yet? And of course, there are also contrary views. The National Institutes of Health say neoliberalism is not dead. And there is also a very interesting story in the Jacobin, which says ...

Economists as Hired Guns

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https://youtu.be/1q8wgMQjDFI Nov 13 2023 with Steve Keen Pod version Published Nov 24 How Finance Capitalism Ruined the World - Dr. Michael Hudson & Dr. Steve Keen Dr. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. Dr. Steve Keen is an Australian economist and author. A post-Keynesian, he criticizes neoclassical economics as inconsistent, unscientific and empirically unsupported. Our conversation examines the false dichotomy of capitalism v. socialism and considers the true dichotomy, which is industrial capitalism v. finance capitalism. Hudson and Keen argue that the transition to finance capitalism, where unearned income is considered economic growth, has truly sown the seeds to ruin the world. Michael Shilo DeLay We came down ...

Understanding America’s Post-Industrial Economy

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https://youtu.be/pQkwnczhObQ?feature=shared   GLENN DIESEN: Welcome to today’s program. My name is Glenn Diesen. I’m a professor at the University of Southeastern Norway. With me is my colleague Alexander Mercouris from the very informative and popular Duran. The guest today is none other than the excellent Michael Hudson, a very renowned economist. He’s written brilliant books, which I can’t recommend enough, on on the industrial economy, the financial economy, the process of debt, empire, collapse. So he’s really one of the great economists of our time. So the reason we really wanted to talk to him today is because we’re living in an age where the world is undergoing tremendous transformation. I would argue that many of the conflicts and wars we currently have have at least some origin in economics. And what has gone ...