For 200,000 years we were hunter-gatherers. We shared everything of importance, and cooperated without hierarchy, and we’re still capable of that. But 12,000 years ago, when we started farming, we also began separateness, hierarchy, and property, which I’ll discuss. Those have caused all our problems — alienation, inequality, externalities, war, poverty, plutocracy, racism, sexism, bullying, ecocide. The first step in fixing all this is to get more people talking about it. Continue reading →
“Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book And forgive them our debts.
The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.
Why does the US media have an anti-Russian fixation? It’s not what the American people want to hear. 71% of the Ronald Reagan-loving, military-obsessed Republican Party approve of Trump meeting with Putin. On the other side, top liberal CNN commentator and former President Obama’s adviser, Van Jones has admitted in a video recording that the “Russiagate” story is a “big nothing burger” which Democrats are not interested in. The Russia-fixated, Hillary Clinton-DNC liberal establishment now faces an upsurge of opposition from Democratic Socialists like Alexandria Ocasio-Cortez and Bernie Sanders, who emphasize the need for populist economics reforms.
President Trump’s warm words for Vladimir Putin and his failure to endorse U.S. intelligence community claims about alleged Russian meddling have been called “treasonous” and the cause of a “national security crisis.” There is a crisis, says Prof. Stephen F. Cohen, but one of our own making.
If one had wanted to create a psychosocial experiment to study the liberal political mentality, one could not have come up with a better solution than to have Donald Trump follow Barack Obama as president of the United States: one a blank screen, the Archangel, the other, the Antichrist, a raging volcano. The Archangel departed from office to a fond and teary-eyed farewell. The Antichrist was greeted with anger and outrage. There were protests around the country. There were attempts to prevent his election. He is probably the first president in American history to be docketed for impeachment before he even took office.
Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries IF they agree to certain U.S. demands.
https://democracynow.org – “Trade wars are good, and easy to win.” That’s the message President Trump tweeted on Friday, sending shockwaves across the globe and sparking fear of impending economic volatility. On Thursday, world stock markets tumbled after Trump announced he plans to impose new tariffs on imports of foreign steel and aluminum.
As a candidate for president, Donald Trump claimed he wanted a better deal for U.S. workers. Surprise! Oh, okay, that he was lying really isn’t a surprise at all. Far from a “better deal,” the Trump administration is now offering a North American version of the Trans-Pacific Partnership.
Imperialism, explains renowned economist Jayati Ghosh – whether explicit or implicit – is about the struggle to control economic territory such as markets, workers & labor, natural resources and new kinds of markets that are developed.