Rising oil and food costs could force countries to choose between essential imports and foreign creditors. Michael Hudson explains the debt squeeze.
Feed Your Country or Pay Your Creditors
Michael Hudson argues the Iran war could turn rising oil and food costs into a debt crisis, forcing countries to put their populations before creditors.
Paying for Your Own Domination
Michael Hudson and Richard Wolff explore how the American empire demands tribute from its allies—and why those demands could drive them away.
China’s Property Crisis: Who Takes the Loss?
SuperImperialism, Dollar System, Financialization and China’s Economic Transition South South Dialogue on Sustainability 18 September 2026 Host: Professor Lau Kin Chi (Lingnan University and Global University for Sustainability, Hong Kong, China) Interview Transcript Lau Kin Chi: The first question is, the United States has $40 trillion in federal debt. Is it a new form of Super Imperialism? And what does ...
The Word Economics Erased
Michael Hudson on why economic rent, the concept classical economists spent a century arguing over, disappeared from the textbooks, and what recovering it would mean for tax policy now.
Gold Without the Gold Standard
Gold once enforced austerity. Could it now help countries escape dollar dependence? A discussion of China’s gold markets, payment systems and creditor power.
The Empire Wants to Be Your Landlord
America’s bid to control oil reveals a rentier strategy: collect the wealth of other nations as the industrial foundations of its own power erode.
The Empire Expels the World
Washington’s attempt to isolate Iran may instead accelerate the shift from SWIFT, weaken the dollar system and isolate the United States.
The Oil War Comes Home
The oil war is driving debt defaults at home while pushing China, Russia and Iran to build a payment system beyond US control.
The Dollar’s Original Sin
Keynes designed a monetary system to prevent debt, imbalance and depression. The United States chose creditor power instead.
Economics Belongs in Fiction
War, AI, climate breakdown and debt are converging into a civilizational crisis that conventional economics was built not to understand.
The Dollar’s Exit Fee
An energy crisis could force debtor nations to choose between essential imports and dollar creditors. What would a financial system built around that choice require?
The Debt System That Ate The West
The West’s debt system is no longer financing growth. Creditor power is displacing industry, democracy, and public investment.
The Dollar’s Self-Expulsion
Sanctions meant to protect the dollar system are driving trade elsewhere, while debt and speculation hollow out the productive economy.
Bankrupting the Wrong Economy
The Iran economic war is boomeranging through oil prices, currencies and debt, placing greater pressure on the leveraged West than on Tehran.
The System That Cannot Admit Failure
Rentier capitalism protects finance, monopoly and inherited privilege while suppressing the mixed economy that once drove industrial development.
The Bases Became the Targets
Michael Hudson and Richard Wolff examine how military bases, arms shortages and industrial decay are accelerating US imperial decline.
The Bubble Beneath the Empire
Michael Hudson and Steve Keen explain how financialisation, oil shocks and rising debt could turn inflation into a global debt-deflation crisis.
