theAnalysis-news on May 24, 2021
Why is the Fed buying corporate junk bonds and debt but won’t buy out student debt? Michael Hudson on theAnalysis.news with Paul Jay.
In this wide-ranging discussion on the Moderate Rebels podcast, Hudson addresses US sanctions on Venezuela and Iran, the policies of the Joe Biden administration, Beijing’s economic model, cryptocurrencies, and dedollarization – the potential end to the dollar as the global reserve currency.
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.”
The U.S. is Saving the Financial Sector, not the Economy
Before juxtaposing the U.S. and alternative responses to the coronavirus’ economic effects, I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in “the market,” meaning specifically the financial market on Wall Street and in other financial centers.
with John Pilger
John Pilger on Aug 11, 2020
Britain’s National Health Service, the NHS, was the world’s first universal public health service. Designed to give millions of people “freedom from fear”, the NHS today is under threat of being sold off and converted to a free market model inspired by America’s disastrous health insurance system, which results in the death every year of an estimated 45,000 people. Now President Trump says the NHS is “on the table” in any future trade deal with America.
Latin America has surpassed more than 5 million Covid-19 cases to overtake North America, with 4.8 million Covid-19 cases, as the region worst-hit by the Coronavirus pandemic. This astronomic increase in Covid-19 cases has been accompanied by a corresponding economic catastrophe of great magnitude. According to a United Nations Policy Brief entitled “The Impact of COVID-19 on Latin America and the Caribbean”, “Parts of Latin America and the Caribbean have become hotspots of the coronavirus (COVID19) pandemic, exacerbated by weak social protection, fragmented health systems and profound inequalities. COVID-19 will result in the worst recession in the region in a century, causing a 9.1% contraction in regional GDP in 2020…This could push the number of poor up by 45 million (to a total of 230 million) and the number of extremely poor by 28 million (to 96 million in total), putting them at risk of undernutrition.” The Policy Brief further states that “The sharp drop in economic activity is expected to lift the unemployment rate from 8.1% in 2019 to 13.5% in 2020. The poverty rate is expected to rise by 7.0 percentage points in 2020, to 37.2%, while extreme poverty is expected to rise by 4.5 percentage points, from 11.0% to 15.5%, which represents an increase of 28 million people.”
with Chris Hedges
RT America on Apr 18, 2020
On the show this week, Chris Hedges talks to Cornell University Professor, Noliwe Rooks about how America’s public education system, under successive administrations, continues to be segregated along racial lines, and what is taught often shaped by business goals and ideas.
with John Pilger
goingundergroundRT on Dec 18, 2019
On this episode of Going Underground, we speak to legendary journalist and filmmaker John Pilger on his film ‘The Dirty War on the NHS’. He discusses the issue of the film not being allowed to air during the general election and questions the role of OFCOM as a regulator, the negative impact of management consultants, how the Health and Social Care Act of 2012 opened the door to NHS privatisation, how privatisation causes money to be wasted in the NHS despite more funding promises, the reality of the private healthcare system in the United States, R.A.M volunteering in the US, the 2019 UK general election, the reason why Brexit has been taken over by the extreme right since 2016, anti-Semitism allegations against Jeremy Corbyn’s Labour Party, allegations of BBC bias against the Labour Party in the election and more!
Fascism is a false revolution. It makes a revolutionary appeal without making an actual revolution. It propagates the widely proclaimed New Order while serving the same old moneyed interests.
So, Canada, the Canadian people unfortunately are deprived of honest representation of provincial desires, provincial needs, by the fact that the financial sector, the banks, are pretty much running the country.” – Michael Hudson
On the weekend of July 19-21st, 2019, the University of Manitoba became the venue for the 14th Forum of the World Association for Political Economy (WAPE). This annual event represents a gathering of Marxist economists from around the globe, and aims to utilize current understandings on the subject to analyze and study the world economy, reveal its laws of development, and offer policies to promote economic and social progress on national and global levels.
with Chris Hedges
RT America on Jul 20, 2019
On Contact host, Chris Hedges talks to Kerry-Anne Mendoza, editor-in-chief of The Canary. Created just five years ago, the alternative socialist website is financed by subscribers and advertisers with 3.5 million monthly viewers. It has been accused of “hyper-partisan” owning to its mainly pro-Labor party content, and The Daily Telegraph, an elitist newspaper, called it “the maddest left-wing website in the world.”
Empire Files on Apr 13, 2019
Abby Martin sits down with Peter Phillips, former director of Project Censored and professor of Political Sociology at Sonoma State University. His new book, Giants: The Global Power Elite details the 17 transnational investment firms which control over $50 trillion in wealth—and how they are kept in power by their activists, facilitators and protectors.
with Chris Hedges
RT America on Nov 17, 2018
In the second part of his interview with Chris Hedges, CUNY Professor David Harvey, author of A Brief History of Neoliberalism argues Neoliberalism as an economic policy works not by generating wealth but redistributing wealth by “accumulation of dispossession.”