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.
The Treasury-Bond Trap: How Empires Fund Military Reach
https://www.youtube.com/live/wJ50LFtjtnA?si=CDp8aqAYMehKYt7Y NIMA ALKHORSHID: Hi, everybody. Today is Thursday, December 11, 2025, and our dear friends, Richard Wolff and Michael Hudson, are here with us. Welcome back, Richard and Michael. MICHAEL HUDSON: Good to be back. RICHARD WOLFF: Good to be here. NIMA ALKHORSHID: Please subscribe and hit the like button and follow Richard and Michael. You see their names on the picture, you see democracyatwork.info. You can go to the website or to the YouTube channel. Michael Hudson is at michael-hudson.com. You can go there and find the transcripts of these interviews that we're doing here on this podcast and a lot of other articles that Michael usually publishes on his website. Let me start, Michael, with you and with the new national security strategy of the United States. The new doctrine indicates or targets ...
The EU’s Desperate Need for a New Economic Framework
WAR Against NATO Not Russia | China vs. USA | BRICS | Michael Hudson https://youtu.be/rPib_bhpwJk Dialogue works (Nima): We look at this war in Ukraine, it's been 18 months in this war in Ukraine and Ukraine got devastated by this war. What was the endgame for the U.S. foreign policy in Ukraine? Michael Hudson: Well, it wasn't really an endgame so much as a fantasy. The United States actually believed that it would enable Ukraine to drain Russia's resources. That was the main thing. It had no intention or expectation that Ukraine could actually beat Russia. What it thought was, that if they could get a puppet leader like Zelensky to fight to the last Ukrainian. Every Ukrainian that died would at least absorb one Russian bullet, and that would help deplete Russia's ...
Twice as Important
IMF showdown with China in Morocco, October 12, 2023 This year’s annual IMF/World Bank meetings in Morocco are the most explicitly confrontational yet by US/NATO diplomacy toward China and its fellow BRICS+ allies. It is not really rivalry, because US neoliberal financial policy is so different from the aims that the BRICS+ countries have been developing at their own recent international meetings. At issue is not only what countries will be the major beneficiaries of future IMF and World Bank loan operations, but whether the world will back US unipolar dominance? Or will it start to move explicitly toward a multipolar philosophy of mutual support to increase living standards and prosperity? This is counter to the anti-labor austerity imposed by US demands, using these two organizations as arms of its New ...
Creating an Independent World
https://www.youtube.com/live/i6vZaTe-WGU?feature=share Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS AK: Hello everyone. Welcome back to my channel. I see we are live already, perfectly on time, with a Swiss Precision today, because I have fantastic guest - Mr. Michael Hudson, who has been recommended to me by the one and only Andre Marciano who said, Ania, you have to talk to Mr. Hudson, so here he is. I'm very grateful to welcome Mr. Hudson, who is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator and journalist. He's also a Wall Street Financial analyst, and the president of the Institute for the Study of Long-Term Economics, as well as a prolific author of, I don't know exactly of how many books, but at least 11; I believe is correct yes? So welcome ...
America has Just Destroyed a Great Empire
Herodotus (History, Book 1.53) tells the story of Croesus, king of Lydia c. 585-546 BC in what is now Western Turkey and the Ionian shore of the Mediterranean. Croesus conquered Ephesus, Miletus and neighboring Greek-speaking realms, obtaining tribute and booty that made him one of the richest rulers of his time. But these victories and wealth led to arrogance and hubris. Croesus turned his eyes eastward, ambitious to conquer Persia, ruled by Cyrus the Great. Having endowed the region’s cosmopolitan Temple of Delphi with substantial silver and gold, Croesus asked its Oracle whether he would be successful in the conquest that he had planned. The Pythia priestess answered: “If you go to war against Persia, you will destroy a great empire.” Croesus therefore set out to attack Persia c. 547 BC. Marching ...
Escaping the Western Rentier
Cross-posted from Pepe Escobar's The Cradle. It is impossible to track the geoeconomic turbulence inherent to the “birth pangs” of the multipolar world without the insights of Professor Michael Hudson at the University of Missouri, and author of the already seminal The Destiny of Civilization. In his latest essay, Professor Hudson digs deeper into Germany’s suicidal economic/financial policies; their effect on the already falling euro – and hints at some possibilities for fast integrating Eurasia and the Global South as a whole to try to break the Hegemon’s stranglehold. That led to a series of email exchanges, especially about the future role of the yuan, where Hudson remarked: “The Chinese whom I’ve talked to for years and years did not expect the dollar to weaken. They’re not crying about its rise, but they are ...
De-Dollarizing the American Financial Empire
Guns and Butter. July 3, 2019 Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay tribute. Of course, America doesn’t come right out and tell other countries, “You have to pay us tribute,” like Roman emperors told the provinces they governed. U.S. diplomats simply insist that other countries invest their balance-of-payments inflows and official central-bank savings in US dollars, especially U.S. Treasury IOUs. This Treasury-bill standard turns the global monetary and financial system into a tributary system. That is what pays the costs of U.S. military spending, including its 800 military bases throughout the world. I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. ...
Food Blackmail, the Washington Consensus and Freedom
Michael Hudson discusses his seminal work of 1972, Super Imperialism: The Economic Strategy of American Empire, a critique of how the US exploits foreign economies through IMF and World bank debt; difference between the IMF and World Bank; World Bank dysfunctional from the outset; loans made in foreign currency only; policy to provide loans for countries to devote their land to export plantation crops; US food and monetary imperialism; U.S. agricultural protectionism built into the postwar global system; promotion of dependency on the US as food supplier; food blackmail; perpetration of world poverty preferred; no encouragement of land reform; privatization of the public domain; America aided, not foreign economies; exploitation of mineral deposits; bribery; foreign nations politically controlled at the top; veto power for US only. Aired: June 19, 2019 Visit Guns ...
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their alternative financial institutions. This break has been building for quite some time, and was bound to occur. But who would have thought that Donald Trump would become the catalytic agent? No left-wing party, no socialist, anarchist or foreign nationalist leader anywhere ...
