with Chris Hedges
TheRealNews on Dec 2, 2022
Chris Hedges speaks with the economist Richard Wolff about inflation, growing income inequality and the looming disasters built into the U.S. economic system.
Real Progressives on Nov 5, 2022
Real Progressives hosts a webinar with economist Michael Hudson in an intimate discussion of his book The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism.
India & Global Left on Nov 4, 2022
Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
When we analyze the collapse that our civilization is undergoing, we need to factor in the reality about collapse that our ruling class doesn’t want us to consider: collapse isn’t a politically neutral thing. It’s something that exists because capitalism has made the conditions for it possible.
There is no respite from class warfare. Past annual Global Rights Index reports issued by the International Trade Union Confederation have invariably shown that there is no country on Earth that fully protects workers’ rights and the 2022 edition is not only not an exception but finds that repression of labor organizing is increasing.
“We have, after World War II, systematically destroyed the Left: Communists, Socialists, Marxists, Anarchists, Labor Union activists, all of it. It is logical and not a surprise that an angry American working class goes to the right, it looks to the right to give them the explanation.” — Richard Wolff
The reasons for the fall of the Soviet Union are myriad and can’t be laid solely at the feet of one person. Mikhail Gorbachev is widely despised by Russians as well as by activists and partisans of the Left. There are good reasons for that. It is impossible to imagine the collapse of a superpower and the catastrophic effects of imposing capitalism via “shock therapy” that immiserated a vast country without him.
It’s Labor Day, and that means millions of Americans are celebrating. Most Americans have no idea what Labor Day is, other than self-serving political speeches, hot dogs, burgers, a pool party, and the last day of a three-day holiday. Few even know that Labor Day exists to allow people to remember and honor the struggles for respect, dignity, and acceptable wages and working conditions for the rank-and-file employees.
The size of the financial industry bears no relation to the economy. Self-mythological panegyrics aside, the finance industry confiscates money; it doesn’t create it. How much? Get out your calculators, and maybe you’ll have to find a way to add a couple of digits to what your screen can hold.
theAnalysis-news on Aug 22, 2022
According to William I. Robinson, the COVID pandemic has further intensified the structural crisis of global capitalism and has caused numerous uprisings and revolts around the world, which global elites are trying to suppress via militarization, police repression, and surveillance.