Interviews | Michael Hudson

With Dennis Kucinich on the Financialized Economy, Collapse

By Michael Tuesday, March 21, 2023 Financial, Interviews No tags Permalink

Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 https://youtu.be/KyFLdwArOm8 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich wanted important feedback from a banking insider on how this crisis was different than the one in 2008. Kucinich knew that Hudson was a former Wall Street banker/investment professional who worked for Chase Bank and then the Hudson Institute as well as ...

Bond Market Play Reveals Systemic Crisis

By Michael Thursday, March 16, 2023 Interviews Geopolitical Economy Report Permalink

Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. In this discussion with Geopolitical Economy Report editor Ben Norton, Hudson also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives. https://www.youtube.com/watch?v=uvm9qrXhqf8 Podcast https://soundcloud.com/geopoliticaleconomy/banks-collapsed-economist-michael-hudson?si=1aa9bf7793654f4fbb516d2daa00ffa2&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing Transcript BEN NORTON: Hi everyone, I’m Ben Norton. I have the pleasure of being joined by someone I think is one of the most important economists in the world, Michael Hudson. And I should say that we should wish Professor Hudson a happy birthday. Today is March 14th. It’s his birthday, and he turns eighty-four today. How do you feel Michael? MICHAEL HUDSON: Just like I feel every other day. I usually feel ...

Trade Theory: No Room for Gunboats

By Michael Monday, February 27, 2023 Interviews Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=q3q7p_IElpY RADHIKA DESAI: Hello everyone. Welcome to the fourth Geopolitical Economy Hour, our fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: Today we are continuing our discussion of de-dollarization. As many of you know we have structured our discussion around some ten questions, and last time we dealt with the first five. What is money? What is the relation between money and debt? Is money a commodity? What is the theory of how the dollar serves as world money? And then because this theory so much relies on the sterling system we discussed the sterling system. What is it? What was this real basis not gold but actually empire etcetera. And then we decided that in this show we will discuss the ...

Gary Null Interview – The Rules Are Changing

By Michael Friday, February 17, 2023 Interviews No tags Permalink

An interview with Gary Null on the longstanding Progressive Commentary Hour, where he asks me to give my State of the Economy briefing.

The Hypocrisy Just Makes Me Cry

By Michael Tuesday, February 7, 2023 Interviews, USA Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=CkQCSPM2QUY Danny: Greetings everyone. have two very special guests today. is the first conversation of a series that we will be having on The Left Lens leading into the one year anniversary of the official beginning — or at least what the mainstream may say is the beginning — of the Ukraine proxy war — really the beginning of Russia's special military operation — but we're gonna have great conversations here. And our first two guests are two premier economists. They are Radhika Desai, who is a friend of the show and former guest, as well as Michael Hudson, also a friend of the show and prior guest. They also are doing a podcast together on Geopolitical Economy Report bi-weekly (every two weeks). You can catch their books in the links in the description ...

Inflation’s Drivers on The Geopolitical Hour

By Michael Sunday, January 29, 2023 Financial, Interviews, USA Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=ZhZbB0jjDTM In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it. Transcript RADHIKA DESAI: Hello, everyone. Welcome to the second Geopolitical Economy Hour. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Thanks to all our viewers for making our inaugural show such a success. As many of you know, in this collaboration with Ben Norton’s Geopolitical Economy Report, Michael and I will present every two weeks a discussion of the major developments and trends that are so radically and rapidly reshaping the world order. Issues that involve not just politics and economics but, rather, as Michael and I like to put it, political economy, and, as my 2013 ...

Systemic Sponsors of Self-Interest

By Michael Tuesday, January 17, 2023 Interviews No tags Permalink

Q & A transcript from our 4th Patreon event. Please join Michael's Patreon group as a Patreon Plus member, so that you too can join us and ask Michael any question at our next session in March. https://youtu.be/fujl6lC2tWg Karl Fitzgerald (KF): To start off with our typical end-of-year topic: How have you seen this year's economic trends play out? Has there been anything outstanding or worthy of note for you to bring to our attention? Michael Hudson (MH): Nothing's really changed from last time. There's more and more awareness that when the Federal Reserve raises interest rates (ostensibly to fight inflation) it isn't really to fight inflation at all. It's that they worry that with the prices going up, wages may go up, and they want to cut American wages by about 10% because ...

China the Change Agent – Patreon Q&A #3

By Michael Monday, December 12, 2022 Interviews Patreon Permalink

Each quarter, Patreon Plus supporters can ask Michael questions. Here is a transcript of the most recent one, just in time for our next Q&A this Thursday. Please support Michael's work via his Patreon page. Karl Fitzgerald: Alright, let’s get into it. We’ve got lots of good questions. Welcome, everyone. My name is Karl Fitzgerald. I’ve been Michael’s webmaster for over a decade now and yes, we’re so lucky to have Michael Hudson with us today. We’ve all read his books. We’ve all seen his whirlwind approach to unveiling the reality of economics so yes, Michael, great to have you here. I wanted to start off with just a nice easy one. I’m sure you could answer this in your sleep but for you, what are some of the guiding ...

Oligopoly Unchecked

By Michael Tuesday, December 6, 2022 Interviews No tags Permalink

Platypus interview on The Destiny of Civilization The destiny of civilization: An interview with Michael Hudson On July 15, 2022, Platypus Affiliated Society member D. L. Jacobs interviewed Michael Hudson to discuss his new book, The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism (2022). An edited transcript follows. D. L. Jacobs: Can tell us about your background regarding Marxism and how you came to political economy? Michael Hudson: Well, I grew up in a Marxist household. My father was a political prisoner, one of the Minneapolis 17. Carlos Hudson. See Michael Hudson, “Dad’s Many Proverbs” (June 17, 2017), available online at <https://michael-hudson.com/2017/06/dads-many-proverbs/>;. Minneapolis was the only city in the world that was a Trotskyist city, and my parents worked with Trotsky in Mexico. So, I grew up not having any intention of going into ...

EU Pressures – Al-akhbar Newspaper

By Michael Thursday, December 1, 2022 Interviews No tags Permalink

Questions from Al-akhbar Newspaper, Lebanon. Mohammad Itmaizeh 1 - In light of the conditions that Europe is experiencing, in terms of high energy prices and the repercussions on the industrial sector, like the closure of factories and the high cost of production. In your opinion do European countries have the capacity and resources to prevent industrial investments from "escaping"? Especially since the US plans in general to restore industry to its lands, thus, it may represent an opportunity to lure European industries to move to there and take advantage of cheap energy prices. This shift will have wide repercussions on Europe's productive capacities and competitiveness, as well as on its trade balance. So, what happens to the position of Europe in the global economic system? Will it remain part of the ...