Michael Hudson explains why Xi Jinping Thought Volume V represents a direct break from neoliberal finance and why China’s long-term governance model is proving more resilient.
America’s Free Lunch Economy
Economist Michael Hudson warns that the U.S. has morphed into a “free lunch economy,” where wealth flows not from production but from unearned rents and financial gains. Wall Street landlords like Blackstone buy up homes, driving rents higher while families face stagnant wages and rising debt. What was once industrial capitalism has become finance capitalism, hollowing out the economy and enriching a rentier elite. The result is growing inequality at home and financial colonialism abroad.
When Tariffs Replace Strategy
Global markets are being tested by a new era of aggressive trade policies, as tariffs are increasingly used not to rebuild industry, but to replace progressive taxation. Far from reviving American manufacturing, the current strategy neglects the fundamentals that historically supported industrial growth—public infrastructure investment, strong regulation, and rising wages. Instead, shrinking government services and privatising public assets threaten economic stability, triggering inflation, layoffs, and business closures. This approach marks a dangerous shift: weaponizing trade for short-term political gains while undermining long-term prosperity. Understanding these dynamics is critical for navigating today’s volatile global economic landscape.
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 ...
Understanding America’s Post-Industrial Economy
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 ...
Eleven Objectives of Neoliberalism
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
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 ...
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 ...
What Can The World Expect From China’s Recovery?
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 ...
Introducing China’s Leading Economist
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 ...
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 ...
Is Chinese Socialism Working?
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 ...
America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
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 ...
China’s housing: It Doesn’t Have to be This Way
In this week's edition of The Hudson Report, Paul Sliker speaks with Michael Hudson about the state of housing in the U.S. vs. China, why unaffordable housing is not a part of true nature, and why the self-supporting class of millennials can't afford to buy homes. "Housing is a very good investment if you have millionaire ...
“Creating Wealth” through Debt: The West’s Finance-Capitalist Road
Michael Hudson Peking University, School of Marxist Studies May 5-6, 2018 Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and doing business. That is the main ...
Socialism, Land and Banking: 2017 compared to 1917
An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today. Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory ...
The Paradox of Financialized Industrialization
These remarks were made at the World Congress on Marxism, 2015, at the School of Marxism, Peking University, October 10, 2015. The presentation was part of a debate with Bertell Ollman (NYU). I was honored to be made a permanent Guest Professor at China’s most prestigious university. When I lectured here at the Marxist School six ...
Democracy Now: China stocks over consumption
Watch the video on the Democracy Now site Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europe to the United States. China’s stock indices fell over 8 percent on Monday and another 7 percent today. On Wall Street, the Dow Jones Industrial Average ...
