Geopolitical Economy Hour | Michael Hudson

Sitting on the Shoulders of Global Fracture

By Michael Sunday, April 16, 2023 Globalism and its Institutions Geopolitical Economy Hour Permalink

Economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. By Radhika Desai and Michael Hudson. In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. You can find more episodes of Geopolitical Economy Hour here. Transcript RADHIKA DESAI: Hi everyone, welcome to the seventh Geopolitical Economy Hour, a program about the political and geopolitical economy of the fast-changing world of today. ‘m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And as some of you know I just got back from Russia which is why we are doing this show with a ...

The Treasury Privatized?

By Michael Thursday, March 30, 2023 Articles, Interviews Geopolitical Economy Hour Permalink

Geopolitical Economy Hour #6 https://youtu.be/y1je89h1eIg Posted to youtube 2023.03.25 RADHIKA DESAI: Hello everyone, and welcome to the sixth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: As you know, the last time when we closed we were scheduled to do our fourth and final show on the subject of dedollarization. However, as you know, the best laid plans can be thrown awry by, as Harold MacMillan said, "Events, my dear boy, events." Since we published the fifth show we've had what looks like the biggest financial crisis since 2008 and 2020 on our hands, with the usual flurries of bailouts and emergency actions, which in other words amounts simply to a socialism for the rich. So of course Michael ...

Dollar Diplomacy Down

By Michael Thursday, March 16, 2023 Articles Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=dRlOfxWR-qE RADHIKA DESAI: Hi everyone. Welcome to the fifth Geopolitical Economy Hour, the fortnightly show about the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: So this is our third and final show on the theme of de-dollarization, based on our work, particularly on Geopolitical Economy that I wrote in 2013 and Super Imperialism that Michael wrote some decades ago and has recently reissued. Based on my Geopolitical Economy and Michael's Super Imperialism and also of course our article which we co-wrote called "Beyond the Dollar Creditocracy". As many of you know we have structured our discussion around some ten questions. So as you see in this slide they are all here. In the first show we answered the first five questions. In the second ...

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 ...

Since Money is Political

By Michael Monday, February 13, 2023 Articles Geopolitical Economy Hour Permalink

“Understanding money and the dollar system,” Geopolitical Hour Episode 3, February 9, 2023, with economists Radhika Desai & Michael Hudson. https://www.youtube.com/watch?v=Ew21FOlftkU podcast: https://soundcloud.com/geopoliticaleconomy/money-dollar-dominance-radhika-desai-michael-hudson Radhika Hello and welcome to this third Geopolitical Economy Hour. I'm Radhika Desai. Michael And I'm Michael Hudson. Radhika As many of you know, in this collaboration with Ben Norton's Geopolitical Economy Report, Michael and I will present every fortnight a discussion of the major trends and developments that are so radically shaping our world. This includes issues that involve not just politics and economics, but, as Michael and I and Ben like to put it, political economy and geopolitical economy. Thanks also to all our viewers for your interest and engagement. We would like to say that we do read all the comments with great interest, so please keep them coming, including your suggestions for future shows. So, ...

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 ...

Introducing the Geopolitical Economy Hour

By Michael Tuesday, January 17, 2023 Articles Geopolitical Economy Hour Permalink

https://www.youtube.com/watch?v=6adqdNCSVhU Radhika: Hi everyone, and welcome to this Geopolitical Economy Hour. I'm Radhika Desai. Michael: And I'm Michael Hudson. Radhika: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our twenty-first-century world. We'll discuss international developments. We'll discuss their roots in individual countries and regions. We will try to uncover the reality beneath the usually distorting representation of these developments in the dominant Western media. We plan to discuss many subject — inflation, oil prices, de-dollarization, the outcome of the war over Ukraine which is going to determine so many things, the threats the U.S. is making against China about Taiwan, China's increasingly prominent role in the world, how China's Belt and Road Initiative is going to reshape it, how Western alliances ...