Introducing Geopolitical Economy Hour: This is the first episode of a show being hosted every two weeks by economists Radhika Desai and Michael Hudson. They present the program and discuss the rise of the multipolar world and decline of US hegemony.
Justice, it seems, is hard to find. Thousands of grassroots organizations across the country seek justice for their concerns. In the US, some 13,785 nonprofits work for civil rights and social justice. Organizations focused on international justice such as peace, refugees, and international aid number 23,532. There are 27,402 environmental groups.
Journalists Chris Hedges and Robert Scheer discuss Mikhail Gorbachev, his life, his role in the end of the Cold War and his legacy today. How does he relate to Vladimir Putin, the state of Russia today and the war in Ukraine.
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.
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.
Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third is to permit them to live under their own laws, drawing a tribute, and establishing within it an oligarchy which will keep it friendly to you.”
Historically speaking, the Cold War was a great ideological confrontation. Western liberalism vs Soviet communism. According to Joe Biden the great geopolitical struggle of our time is democracy vs autocracy. For Biden we are in another great ideological struggle. But there is a difference: the west, particularly the U.S. is the only ideological actor.
Capitalism—the system by which a relatively tiny group owns the means of production and enriches themselves through hoarding the workers’ surplus value, transforming the natural world into goods and services—is inherently destructive, exploitative, and polluting. Capital is concentrated in very few hands. The richest one percent own half of the world’s wealth (Frank, CNBC, 14 Nov 2017), and the three wealthiest humans in the United States own more wealth than the bottom fifty percent of the population of the country (Kirsch, Forbes, 9 Nov 2017). This trend of the rich getting richer only accelerated during the COVID-19 pandemic. Billionaire wealth skyrocketed while the masses suffered.