The Worst Crime of the 21st Century Chomsky and Robinson in Current Affairs May 12, 2023. Current Affairs. Content warning: Descriptions of graphic violence First, a story from the years of the American occupation of Iraq , one of thousands that could be recounted. This one appears in Dexter Filkins’ The Forever War: “The most basic barrier was […]
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“Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world,” Ben Norton, Geopolitical Economy Report, May 25, 2023. BEN NORTON: Hi, everyone. I’m Ben Norton of Geopolitical Economy Report, and today I have the great pleasure of speaking with a friend of the show, the economist Michael Hudson, and Continue Reading
The post The Arc of Time: Pro-Creditor History first appeared on Michael Hudson.Pepe Escobar: “US Empire of Debt Headed for Collapse,” Sputnik International, May 15, 2023. Prof. Michael Hudson’s new book, “The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is a seminal event in this Year of Living Dangerously when, to paraphrase Gramsci, the old geopolitical and geoeconomic order is dying and the Continue Reading
The post Pepe Escobar’s review of The Collapse of Antiquity first appeared on Michael Hudson.BEN NORTON: Hi, everyone. I’m Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of the Continue Reading
The post The Hard Iron Financial Fist first appeared on Michael Hudson.Chomsky and Prashad: Cuba is not a state sponsor of terrorism Noam Chomsky and Vijay Prashad February 12, 2023. Peoples Dispatch. Cuba, a country of eleven million people, has been under an illegal embargo by the United States government for over six decades. Despite this embargo, Cuba’s people have been able to transcend the indignities […]
Geopolitical Economy Hour #6 Posted to youtube 2023.03.25 RADHIKA DESAI: Hello everyone, and welcome to the sixth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: As you know, the last time when we closed we were scheduled Continue Reading
The post The Treasury Privatized? first appeared on Michael Hudson.Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book. There are 10 lectures that accompany the Continue Reading
The post Introducing China’s Leading Economist first appeared on Michael Hudson.RADHIKA DESAI: Hi everyone. Welcome to the fifth Geopolitical Economy Hour, the fortnightly show about the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: So this is our third and final show on the theme of de-dollarization, based on our work, particularly on Geopolitical Economy Continue Reading
The post Dollar Diplomacy Down first appeared on Michael Hudson.Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the Continue Reading
The post The Mechanics of a Bond Market and its Impact on the Banking Crisis first appeared on Michael Hudson.Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading
The post Why the Banking System is Breaking Up first appeared on Michael Hudson.