President Putin, now Prime Minister Putin, has said that the demographic effect of just privatizing Russian real estate, and industry and following western advice has lost maybe 30 million Russians from what the normal demographic growth would be to 2050. So the effect of neo-liberal financial policy has been more devastating to Russia than WW2.
Michael interviewed on Guns N Butter with Bonnie Faulkner Listen here Transcription “When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend upon America again. There’s no president, no matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Obama has cured us. He has turned out to be our nightmare. Our problem is what to do about the American people that don’t realize this nightmare that they’ve created, this smooth-talking American Tony Blair in the White House.” ...
Michael Hudson critiques austerity measures amidst the global preference for crumbling economies over taxing privilege. Ratings Agencies, German banks and user pays come under the microscope.
Professor Hudson appeared on the Renegade Economists radio show in Melbourne, Australia last Wednesday. Listen
Michael Hudson on Renegade Economists Radio discussing China's looming isolationism, the background on G20 austerity plans plus a few serves on what economics should be looking at. Hudson appears at the 2 minute mark. Audio - 22/06/2010 Subscribe to the Renegade Economists podcast
Hudson's latest interview with Bonnie Faulkner, discussing his recent venture to Latvia amidst Europe's current troubles. Why have government's suddenly forgotten how to finance themselves? Hudson on Guns N Butter, June 2010
You can listen to this interview here.
Renegade Economist Podcast 96 "As broadcast on the mighty www.3cr.org.au – Professor Michael Hudson excels in describing globalisation from a financial snipers perspective, analysing how real estate (land) is used in the game of currency siphoning out of Latvia, Eastern Europe and Russia. What does neo-liberalism deliver? Who is behind the controls? Also gold, white collar sub-prime crime and GW’s departing deception." GrandTheftMonopoly
Interviewed by Bonnie Faulkner for Guns and Butter on KPFA radio, March 4th, 2009 "The Way We Were and What We Are Becoming" with financial economist and historian, Dr. Michael Hudson. We begin with an analysis of the continuing bailout of insurance giant AIG and Monday's stock market selloff; price and debt deflation; the two sectors of the economy; two definitions of 'free markets'; the classical economists; revolution from the right and the former Soviet states; the threat of war; IMF/World Bank resurgence; the dollar versus the euro; analogies to Rome, neo-feudalism. The interview can be heard here.
Guns and Butter Interview on KPFA radio. For part one of this interview click here. “If you want to see the ideal of the World Bank and the IMF, look at the Russian, Latvian and Estonian economies. They have shrunk as if there were a war on. And in a sense it is a war – a class war and simultaneously a war of American high finance against the rest of world. As in military wars, its devastating consequences threaten to include shortening life expectancy, lower health standards and depopulation, poverty and de-industrialization, rising debt arrears and defaults. You’re going to have many of the post-Soviet countries going the way of Iceland very quickly as their real estate debt collapses. Because crazy as it may seem, it was the real estate bubble ...