“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
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.
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.
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.
“Studying the contemporary expressions of monopoly-capitalism’s key features shows that the logic and dynamic of the monopoly capitalist system remains fundamentally unchanged from Lenin’s time. However, it shows that the forms and means of exploitation and oppression that characterize imperialism have evolved and intensiﬁed.” — Paul Quintos
“So what is imperialism? On the surface it may seem relatively easy to understand: a big powerful evil nation dominates a small weak innocent nation. But when we dig deeper imperialism becomes a complex system to understand. A wide variety of concepts frameworks and philosophies are used by different groups of people to understand this system of domination.
Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia.
But nobody thought that it would happen this fast.
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.
Image by PHOTObyTED via SmugMug
The MIC, OGAM and FIRE Sectors Conquer NATO
My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in the 1940s and 50s: “Wars never solved anything.” It was as if they never changed anything – and therefore shouldn’t be fought.
The U.S. aim is to keep them from trading with China and Russia
The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not so much to isolate Russia and China as to hold these allies firmly within America’s own economic orbit. Allies are to forego the benefits of importing Russian gas and Chinese products, buying much higher-priced U.S. LNG and other exports, capped by more U.S. arms.
An interview on The Zero Hour to discuss the newly-released third edition of the 1971 book, Super-Imperialism: The Economic Strategy of American Empire.
U.S. Senator Marco Rubio (R-FL) appears to be obsessed with Cuba. Every few days he takes to social media or makes remarks to the press about his desire to overthrow the Cuban Revolution. In recent months, Rubio has played a key role in drumming up support for anti-government protests in Cuba. On September 23, 2021, for instance, Rubio tweeted, “The brave people of Cuba lost their fear of protesting against the dictatorship that represses them. Holguín raises its voice against tyranny.” Rubio included an article about the Cuban town of Holguín in his tweet, where “a group of Cuban citizens” are planning to hold a “march against violence” on November 20. This article appeared in Diario de Cuba, a news site based in Miami, Florida, which received substantial funding from the National Endowment for Democracy (NED) from 2016 to 2019, an independent nonprofit that is largely funded by “the U.S. Congress.”
Economist Michael Hudson discusses the update of his book Super Imperialism: The Economic Strategy of American Empire and the financial motivations behind the US new cold war on China and Russia.