Prof Michael Hudson on Aug 19, 2021
A 3-part lecture series for the Global University for Sustainability, Hong Kong.
The U.S. is Saving the Financial Sector, not the Economy
Before juxtaposing the U.S. and alternative responses to the coronavirus’ economic effects, I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in “the market,” meaning specifically the financial market on Wall Street and in other financial centers.
Space Babies on Jul 23, 2020
Marx in the House is a series that explores gentrification and housing from a Marxist perspective. In this episode we take a look at how the rent gap is the fundamental theoretical component explaining gentrification. We look at how Ruth Glass spotted and theorized the rent gap first and how Neil Smith elaborated on it.
Space Babies on Jul 9, 2020
Marx in the House is a series that explores gentrification and housing from a Marxist perspective. In this episode we take a look at the movement of capital, the ridiculousness of landlords, how it’s necessary to organize and the fundamentals of capitalism and the role of the state.
with Abby Martin
Empire Files on Feb 9, 2020
Abby Martin meets with Nithya Raman, progressive candidate for LA City Council in District 4, about her campaign to end homelessness in the nation’s epicenter and how local politicians refuse to take easy actions to eradicate the phenomenon–but refuse to in the interests of big real estate developers.
President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology.
It’s a little-acknowledged reality that housing markets distribute more than mere dwellings. That’s because people’s place in the social order is intimately related to their geographic location generally, and where they live specifically.
with Chris Hedges
RT America on Nov 17, 2018
In the second part of his interview with Chris Hedges, CUNY Professor David Harvey, author of A Brief History of Neoliberalism argues Neoliberalism as an economic policy works not by generating wealth but redistributing wealth by “accumulation of dispossession.”
Updated: Sept. 19, 2018
Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.
Why do they flee?
The current mass exodus of people from Central America to the United States, with the daily headline-grabbing stories of numerous children involuntarily separated from their parents, means it’s time to remind my readers once again of one of the primary causes of these periodic mass migrations.
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 reason why they are losing their export markets and becoming de-industrialized.