What is Socialism? A Historical and Modern Perspective

Caleb Maupin: The American Socialist Awakening

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by
Writer, Dandelion Salad
September 24, 2018

Reach Out on Sep 18, 2018

On last Thursday’s (9.13.18) special edition of Reach Out, we asked, “What is socialism?” In a discussion ranging from the juxtaposition of socialism and religion, cooperation vs. competition in humanity’s origins, and how class is what primarily divides people, Bill and I, along with special guest Matt Reedy, barely scratched the surface of answering that question but realized its enormity and complexity.

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The Spider’s Web: Britain’s Second Empire, featuring Michael Hudson

The Spider's Web Britain's Second Empire, featuring Michael Hudson

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by Michael Hudson
Writer, Dandelion Salad
September 23, 2018

“At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.”

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It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Occupy Wall Street - 11/3/11 - 006

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Updated: Sept. 19, 2018

by Michael Hudson
Writer, Dandelion Salad
September 18, 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.

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Michael Hudson: Jesus Would Have Cancelled The Debt But Obama Bailed Out Wall Street

cancel the debt

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by Michael Hudson
Writer, Dandelion Salad
September 14, 2018

With Max Keiser on the history of debt from the Bronze Age onwards. Max poses the question, has a historical precedent been set with the bailing out of creditors, not debtors in 2008?

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The Life and Times of Michael Hudson: From Trotsky’s Godson to Modern Monetary Theory

Capitalism Kills

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by Michael Hudson
Writer, Dandelion Salad
August 11, 2018

Global University for Sustainability on Jul 11, 2018

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.

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Michael Hudson: China’s Export Competitiveness = Underpaying Women + Trump’s Trade Wars: An Opportunity to Refashion the Intellectual Property Regime?

China Indusry

Image by AK Rockefeller via Flickr

by Michael Hudson
Writer, Dandelion Salad
June 15, 2018

Max Keiser probes away on my recent visit to China. We delve into the Chinese development model.

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Michael Hudson, Stephanie Kelton, et al: Why Monetary Theory and Policy Is a Critical Terrain For the Left (Left Forum 2018)

Smash Capitalism!

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with Michael Hudson
Writer, Dandelion Salad
June 7, 2018

OpenUnivoftheLeft on June 5, 2018

Left Forum 2018: As our demands grow bolder—true full employment, the rebuilding of the social safety net starting with Medicare for All, an overdue green and just transition—so will the naysayers’ inevitable refrain: “How will you pay for it?” Developments in our understanding of monetary theory and the money system has, thankfully, illuminated a path forward out of the trap of austerity: when we understand how money actually works, we know that the obstacles to bold action at a national scale on jobs, healthcare, and climate are political, not economic.

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“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

Swimming With the Debt Sharks

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by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 2, 2018
May 7, 2018

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.

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A Travesty of Protectionism by Michael Hudson

Midvale Company mechanic Larson, medium grinding on Noton Machine roll for Thomas Steel, July 1932

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by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
March 10, 2018

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.

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Michael Hudson VS Lori Wallach on Trump’s Plan to Impose Steel and Aluminum Tariffs

Michael Hudson VS Lori Wallach on Trump’s Plan to Impose Steel and Aluminum Tariffs

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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
March 6, 2018

Democracy Now! on Mar 6, 2018

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.

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Michael Hudson: Privatizing US Infrastructure Will Increase the Cost of Living

IMG_2564.1.web

Image by Peg Hunter via Flickr

with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
February 13, 2018

TheRealNews on Feb 12, 2018

Trump’s infrastructure privatization plan is a hat trick that optimistically turns $200 billion into $1.5 trillion, is designed to eliminate the public sector and to bankrupt cities and states, says economist Michael Hudson.

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Michael Hudson and Ellen Brown: Avoiding The Road To Serfdom

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson, with Ellen Brown
Writers, Dandelion Salad
Michael Hudson, Jan. 28, 2018
The Web of Debt Blog
February 10, 2018

I appeared alongside Ellen Brown on Princetown Community Television in two parts. Enjoy!

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Michael Hudson: There’s Going To Be A Bloodbath That Is Probably Going To Take More Than Four Years

ows sign class war ahead

Image by Pamela Drew via Flickr

with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
January 2, 2018

TheRealNews on Jan 1, 2018

Low interest rates, “quantitative easing,” and the mitigation of antitrust laws led to more mergers and acquisitions in 2017, but that’s only going to fuel greater wealth inequality and tighten the corporate grip on the political system, explains economist Michael Hudson.

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Michael Hudson: The Class War is Still in Business

Police Pay protest march, London SG101482

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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
November 19, 2017

RT on Nov 7, 2017

In this episode of the Keiser Report, Max and Stacy discuss 100 years of humiliation and unintentional self-parody as one empire goes and another, perhaps, rises again. In the second half, Max interviews Dr. Michael Hudson of michael-hudson.com to discuss the Democratic party in an era of dodgy pee-pee dossiers and no economic policies.

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Socialism, Land and Banking: 2017 Compared to 1917 by Michael Hudson

Communist Revolution Islands Brygge, Copenhagen (1998)

Image by Hunter Desportes via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
October 23, 2017

An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today.

Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and pensions have been increasingly privatized and financialized.

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