EU Pressures

By No tags Permalink

Questions from almayadeen TV, 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 ...

War and Debt to Rule

By No tags Permalink

Cross posted from La Tribune Diplomatic International. French version Mohsen Abdelmoumen: Your analysis of Mesopotamian times and the wise rule of Emperors embodied by the practice of the Jubilee (compared to the predation of oligarchies) resonate with the Islamic economic theory which forbids riba (meaning usury) and imposes that banks and creditors share the risk of investment or debt. It also seems something deeply rooted in our Arabic and North African traditions of equality and justice where it is socially unacceptable to leave part of the community in dire poverty. As an anthropologist, have you related the success or failure of modern finance to anthropological factors like the structures of the rural families, theories developed by some like Emmanuel Todd? Michael Hudson: I have written a long article on Ibn Khaldun, ...

The Rentier Economy is a Free Lunch

By No tags Permalink

The Real Progressives Live with Michael Hudson on The Destiny of Civilization https://www.youtube.com/watch?v=cD_UcRtljDU Luke Parcher: All right. For those who might not know me, I'm Luke Parcher, I'm a student and activist. I volunteer with Real Progressives. I'm on our leadership team and I also do a show on Sundays covering politics and current events, and I do some interviews throughout the week and things which you guys can find on Real Progress in Action. I want to quickly talk about Real Progressives. If you're interested in learning more about us, you can go to realprogressives.org. We have articles, content, podcasts, all sorts of things. And if you're interested in helping us out, we are a nonprofit. You can go to realprogressives.org/donate. I also want to plug our founder and ...

Escaping the Western Rentier

By , Permalink

Cross-posted from Pepe Escobar's The Cradle. It is impossible to track the geoeconomic turbulence inherent to the “birth pangs” of the multipolar world without the insights of Professor Michael Hudson at the University of Missouri, and author of the already seminal The Destiny of Civilization. In his latest essay, Professor Hudson digs deeper into Germany’s suicidal economic/financial policies; their effect on the already falling euro – and hints at some possibilities for fast integrating Eurasia and the Global South as a whole to try to break the Hegemon’s stranglehold. That led to a series of email exchanges, especially about the future role of the yuan, where Hudson remarked: “The Chinese whom I’ve talked to for years and years did not expect the dollar to weaken. They’re not crying about its rise, but they are ...

On the Federal Reserve with Ralph Nader

By No tags Permalink

RALPH NADER RADIO HOUR EP 465 https://youtu.be/ewR2caXSXWc TRANSCRIPT, September 17, 2022. Tom Morello: I'm Tom Morello and you're listening to the Ralph Nader Radio Hour. Steve Skrovan: Welcome to the Ralph Nader Radio Hour. My name is Steve Skrovan, along with my co-host, David Feldman. Hello, David. David Feldman: Hello, Steve.
Steve Skrovan: And of course, it's not a show without the man of the hour, Ralph Nader. Hello, Ralph. Ralph Nader: Hi everybody. Steve Skrovan: Our featured guest today will be economist Michael Hudson. Many of you have been clamoring to have him on the show and we've taken heed. He's a progressive economist who will join us to talk about the Federal Reserve, how American laws are pro-creditor and anti- debtor, stock buybacks, gambling, Wall Street transaction taxes and much ...

A short history of inflation in modern times

By No tags Permalink

Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar. https://www.youtube.com/watch?v=AEZBOaPKWjw&t=1s Multipolarista · Economist Michael Hudson on debt relief, inflation, Ukraine disaster capitalism, petrodollar crisis Transcript BEN NORTON: Hey everyone, this is Ben Norton of Multipolarista. I’m joined by one of my favorite guests today, the brilliant economist Michael Hudson. And there are a lot of things that we plan on talking about today. We’re going to address the partial student debt relief in the United States, and the problem of debt, which is something that Professor Hudson has written a lot about. We’re going to talk about the inflation crisis, and some of the history of responses to the inflation that we’ve seen in ...

Moscow’s New Found Independence

By No tags Permalink

RT, 8 Aug, 2022 05:05, HomeBusiness News Western sanctions are good for Moscow – US economist A former Wall Street analyst says the Russian economy is being made self-sufficient The economic war unleashed by the West against Russia has backfired and may bring the country much good, former Wall Street financier Michael Hudson has told the German news outlet Junge Welt. “The West's sanctions are great for Russia. Any country threatened by US sanctions is forced to become self-sufficient,” Hudson said in an interview published on Saturday. He said that sanctions have effectively pushed Russia toward import-substitution, and the country is on track to becoming completely free of reliance on Western goods. “Instead of importing German cars, Russia is turning to China to develop its own automotive industry. Russia is now moving very quickly to replace ...

Counterpunch to Economic History

By No tags Permalink

CounterPunch Radio – _July 15, 2022 – Michael Hudson ERIC DRAITSER: Hello and welcome to CounterPunch Radio. My name is Eric Draitser, thanks so much for tuning in, and coming back to the show. First-time listeners finding the show, welcome aboard. Thank you so much, we really appreciate your support. If you want to support CounterPunch, the best way to do that is to get a subscription to CounterPunch Plus, that way you get access to all of our exclusive content. Remember folks, this is basically the print magazine, now online. We have discontinued the print magazine and taken even more content, but it behind a little paywall just like everybody else is doing these days and it's there for you. CounterPunch is unlike any other space on the left ...

Finance Capitalism’s Self-Destructive Nature

By Permalink

https://www.youtube.com/watch?v=FS1XQBB3YsQ Transcript of Interview on The Left Lens with Danny Haiphong May 25th, 2022 DANNY HAIPHONG: Good afternoon, everyone. Happy Wednesday, May 25th, welcome to the stream, to another left lens. Today we have a very special guest so as you're coming in make sure you are liking the stream sharing it, make sure that you are subscribing to the channel and hitting that notifications bell, and as always you know please do support this work here at this channel and all the work that I do at patreon.com/dannyhaiphong. But with that said I want to introduce our guests because we have a lot to talk about over the next hour and it is economist Michael Hudson. He is the author of the new book, The Destiny of Civilization: Finance capitalism, Industrial Capitalism ...

International Trade and MMT with Keen, Hudson

By Permalink

Macro and Cheese pod, July 9 2022.  Michael Hudson A central tenet of the World Bank from the beginning is to convince countries not to grow their own food, but to create plantation agriculture to prevent family-owned farming of food, to grow plantation export crops and they become dependent on the United States for their grain. Steve Keen If you look at just the shipping involved in international trade, it’s something of the order of 20%, I think, of our carbon production comes out of the entire mechanics of shipping goods around the planet. And we realize we’ve massively overshot the capacity of the biosphere to support our industrial sedentary civilization. So, one way to reduce that is by reducing international trade. Geoff Ginter Now, let’s see if we can avoid the apocalypse ...