China: Local Flowers Bloom

https://www.youtube.com/watch?v=3K1Vku1SDd8 RADHIKA DESAI: Hello and welcome to the 24th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton; our videographer, Paul Graham; and our transcriber, Zach Weiser. And with us today we have, once again, Professor Mick Dunford, professor emeritus of geography at Sussex University and now working at the Chinese Academy of Sciences, keeping a close watch, among other things, on China’s economy. So welcome, Mick. MICK DUNFORD: Thank you very much. RADHIKA DESAI: So, China’s economy is what we’re going to talk about today. Where is it at after decades of breakneck growth, after executing the greatest industrial revolution ...

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 ...

Eleven Objectives of Neoliberalism

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A series of lectures will be coming out of my relationship with Hong Kong's Global University of Sustainability. These have been tiered to a Chinese audience, revealing another layer to my work. Thanks for all your support via Patreon.    https://www.youtube.com/watch?v=yKTEyXYJfbM   Image by Владимир Харитонов from Pixabay

Yellen’s Daydream

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Discussion by Michael Hudson with Kin Chi Lau, Global University, Hong Kong, June 5, 2023 There's a big dam on the Dnieper River that supplies all of the water to Crimea and they blow it up. Thousands of homes have been flooded. Naturally, the Ukrainians said the Russians did it. The reason that Crimea was assigned to Ukraine by Khrushchev in the 1960s was because the water and electricity area all came from the dam in the north of Crimea. All of that was blown up and flooded. When you blow up a dam, imagine that was happening in China and how that would be blown up. That's what happened. They blew it up. The dam on the Dnieper River that supplies water as well as electricity to Crimea was blown ...

Buying US Debt Subsidizes Imperialism

Michael Hudson | A piece of advice: Buying U.S. debt is to provide ammunition for U.S. military expansion Source: Observer Network 2023-06-01 08:01 The June 5 deadline referred by US Treasury Secretary Janet Yellen has fallen, and the US debt ceiling negotiations have entered the final congressional voting juncture. House Speaker McCarthy, who was eager to reach an agreement with President Biden, faced the threat of being kicked out because the far right of the Republican Party was dissatisfied with the negotiating plan with too many compromises. In the heated stage of debt ceiling negotiations, how do Americans view this partisanship and the snowballing expansion of U.S. debt behind the partisanship? The current crisis in Ukraine is still stalemate. The United States and its allies have joined forces to contain China. As the second ...

What Can The World Expect From China’s Recovery?

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https://www.youtube.com/watch?v=zrv9-ZX3nqU&list=PLt-M8o1W_GdRfyjbZ2a0O1jKa_Ve35C52&index=3 1.(BOAO FORUM) For starters, this year’s Boao Forum undoubtedly brings great opportunities for exchanges between Chinese and foreign business people who may not have been able to meet since the outbreak of the pandemic. So what can we expect from such a good opportunity? And how do you think the Boao Forum could help or guide us in global economic recovery after the COVID pandemic? There are many perspectives on what are the most serious problems facing China and the rest of the world today. Even if you don’t agree on the diagnosis of some people, you at least need ...

Introducing China’s Leading Economist

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Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book.  There are 10 lectures that accompany the book (below). Professor Tiejun and I also participated in a joint discussion you may enjoy.  https://www.youtube.com/watch?v=fIeS72tf6aw https://our-global-u.org/oguorg/en/series-no-5-chinas-real-experiences-professor-wen-tiejun-on-ten-cyclical-economic-crises-in-china-1949-2016/  

China – a Sub-Imperial Ally of the West?

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 ...

Is Chinese Socialism Working?

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Paul Jay Hi, welcome to theAnalysis.news, I’m Paul Jay. We’re going to talk about China. We’re going to have two guests who agree on so many things, but they have some disagreements about just what is the character of China, and we’re going to get into that. Please don’t forget the donate button. We can’t do this if you don’t donate. If you’re watching on YouTube, subscribe and also hit that little bell thing, so you know when something new comes. Although part of YouTube suppressing our stories. We’ve been hearing from viewers that even though they have the bell, they’re still not getting the notifications. If that’s the case, let me know. The most important thing is get to the website, sign up for our email list, and we will be back in just a ...

America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism

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Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third is to permit them to live under their own laws, drawing a tribute, and establishing within it an oligarchy which will keep it friendly to you.” Machiavelli preferred the first option, citing Rome’s destruction of Carthage. That is what the United States did to Iraq and Libya after 2001. But in today’s New Cold War the mode of destruction is largely economic, via trade and financial sanctions such as the United States has imposed on China, ...