This time Eric welcomes back author and economist Michael Hudson to discuss his new book The Destiny of Civilization: Finance Capitalism, Industrial Capitalism, or Socialism available from CounterPunch.
“Every state in which private ownership of the land and means of production exists, in which capital dominates, however democratic it may be, is a capitalist state, a machine used by the capitalists to keep the working class and the poor peasants in subjection.” — Vladimir I. Lenin
As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as America’s main long-term adversary, the Biden Administration’s plan was to split Russia away from China and then cripple China’s own military and economic viability. But the effect of American diplomacy has been to drive Russia and China together, joining with Iran, India and other allies. For the first time since the Bandung Conference of Non-Aligned Nations in 1955, a critical mass is able to be mutually self-sufficient to start the process of achieving independence from Dollar Diplomacy.
Empire of Inflation: Economist Michael Hudson on U.S. Economic Warfare and Super Imperialism
The Left Lens on May 25, 2022
Economist Michael Hudson joins the Left Lens to discuss the rise of inflation, the weakening of the U.S. dollar, and the consequences of U.S. economic warfare in the Ukraine crisis.
theAnalysis-news on Jul 8, 2022
John Bellamy Foster explains the ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollar’s worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening.
It seems vastly easier to imagine the future as a dystopian nightmare than as a time when today’s problems are mostly behind humanity. For every work of optimism, such as Star Trek, there are dozens of works imagining a nightmare world of deprivation, environmental destruction and severe repression amidst a world of people scrambling to survive anyway they can in a war of all against all.
Shepheard-Walwyn Publishers on Jun 16, 2022
Welcome to the Shepheard Walwyn podcast and a two part interview with Michael Hudson, perhaps to the world’s most influential (but rarely acknowledged) economist. Michael has had a remarkable career starting off as a practical or reality-based economist working for a variety of institutions looking and how banks really behave.
The Peace Report on Jun 8, 2022
In the previous video, we discussed how the capitalist-imperialist system developed over the past century. Today, in the current phase, we will discuss its 4 main characteristics, as laid out by Pao-Yu Ching in the highly recommended book, Lenin’s Imperialism in the 21st Century published by the Institute of Political Economy.
The presidency of Franklin Delano Roosevelt changed the reputation of the Democratic Party from the party of the Southern slaveholders to that of “friend of the working people”—a reputation that the Democratic Party, undeservedly, continues to enjoy.
with Michael Parenti
Writer, Dandelion Salad
May 23, 2022
“You can’t have rich corporate conglomerates unless you have wage and salary workers who will work a whole lifetime and at the end of that lifetime not know any kind of economic security of any sort, own nothing but maybe a mortgage on the house or whatever, if that. So the secret to getting rich, ladies and gentlemen, is not to work hard but to get others to work hard for you.” — Michael Parenti