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LONDON— “Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world…” Alot of us are familiar with these lines from Yeats’s thoroughly anthologized and often-quoted The Second Coming. How can they not come to mind as the French... Read More
Following its crushing defeat in the 2024 election, the Democratic Party might finally face its day of reckoning. The party markets itself as the champion of the working class and a bulwark against the party of the plutocrats. But this has been a lie for at least three decades. The Democratic Party has partnered with... Read More
At the Valdai Forum Putin said that neoliberalism stifles national sovereignty and traditional values and erodes national cultures, thus eliminating diversity. “There is no room for difference in the neoliberal order. It seeks to flatten diversity rather than celebrate it.” Washington’s unipolar system “only serves a small number of powerful elites.” Now that Putin has... Read More
Capitalism is irredeemably destructive, warns George Monbiot. So why is he shilling for the Guardian, when its role is to create bipartisan support for crushing the anti-capitalist, anti-war left? Chris Hedges hosts a very interesting discussion with Guardian columnist George Monbiot on his new book about capitalism and its modern incarnation, neoliberalism. Monbiot rightly sees... Read More
The current world order is designed to be complex and confusing. Its function enshrines the power of our rulers, who purposely obscure its origins and underlying philosophy. Politicians, the media, so-called intellectuals at think tanks — along with the inertia of systemic falsehoods — perpetuate this veiled system. Neoliberalism has maintained its dominance through exploiting... Read More
Oftentimes the idea of “wokeness” or “woke” ideology, whether calling it as such or acknowledging its existence, can be thought of as coinage of the right wing. Christian Parenti, professor at John Jay College, journalist and author, joins host Chris Hedges on this episode of The Chris Hedges Report to make the case that what... Read More
Russia is under attack by the US and its proxies. This is a very sad development, for Russia is necessary for Mankind development. But Russia is in trouble not only externally. The other day there was a procession with the Holy Cross along Nevsky Prospekt in blessed memory of St Alexander of Neva. Right away,... Read More
In his 2010 book, Death of the Liberal Class, Chris Hedges wrote “The fate of the liberal class is tragic. It has been annihilated by the corporate state it supported, while it willingly silenced radical thinkers and iconoclasts who could have rescued it.” There has been no time in American politics where this phenomenon has... Read More
NIMA: So nice to have you, Michael, and Richard on again on this podcast. And let's get started with the current situation of the economy of the United States. And the question is, Michael, to you, is the United States rapidly approaching bankruptcy? MICHAEL HUDSON: Well, when Republicans and now the Democrats, ever since Obama,... Read More
NIMA ROSTAMI ALKHORSHID: Michael, let’s get started with the SCO summit. And right after that, we’re having the NATO summit. It seems that NATO is fighting on behalf of the United States to try to preserve the U.S. unipolar hegemony over Eurasia and the Global South, isn’t it? MICHAEL HUDSON: Well, for the last few... Read More
We see clearly the collapse of the manipulation that has confined discourse to within the various Washington villages. The Editor at Large for the Wall Street Journal, Gerry Baker, says: ‘We’ve been “gaslit’ and deceived” – for years – “all in the name of ‘democracy’”. That deceit “collapsed” with the Presidential debate, Thursday’. Baker continues:... Read More
The July 4 landslide defeat of the neoliberal pro-war British Conservatives by the neoliberal pro-war Labour Party poses the question of just what the media mean when they describe the elections and political alignments throughout Europe in terms of center-right and center-left traditional parties challenged by nationalist neo-fascists. Political differences between Europe’s centrist parties are... Read More
Since the election of Margaret Thatcher’s Conservative government in 1979, Britain has undergone a great experiment. Economically, the UK became the exemplar of neoliberalism in Europe. Politically, the UK has quietly transitioned to a postnational state, undergoing one of the greatest demographic transformations in the West. Although the landslide victory of Tony Blair’s “New Labour”... Read More
The Democratic Party had one last chance to implement the kind of New Deal Reforms that could save us from another Trump presidency and Christian fascism. It failed. Joe Biden and the Democratic Party made a Trump presidency possible once and look set to make it possible again. If Trump returns to power, it will... Read More
Robinson: Michael, I read in your book, Killing the Host, that you decided to become an economist after meeting one named Terrence McCarthy, who explained to you why financial crises tend to occur in the autumn after crops are harvested. And this was an interesting question. What’s the story and why was it so compelling... Read More
If we were to pinpoint the key to America’s success through the two World Wars and the standoff with the Soviet Union, it would be its vibrant economy and impressive manufacturing capabilities. This self-evident economic prowess has been reduced to that of an enigma. A substantial portion of the American empire’s value today is imaginary.... Read More
RADHIKA DESAI: Hello and welcome to the 22nd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton, our videographer, Paul Graham,... Read More
RADHIKA DESAI: Hello and welcome to the 21st geopolitical economy hour, the show that examines the fast-changing political and geopolitical economy of our time. Welcome also to a new year that promises to be nothing but rocky, so let’s help rock it in the right direction. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson.... Read More
JM: Hello, and welcome to another episode of India and Global Left. Today, we have with us the economist Michael Hudson. Michael, welcome back to India and Global Left. MH: Good to be here. JM: Last time you came here, the show went very well. We have got almost 100,000 views and a lot of... Read More
Robinson: I’m from Chicago, and when I saw that you went to the University of Chicago Lab School, which I know quite well, and then the University of Chicago, which I also know quite well—and when the Chicago School of Economics was promoting the free market and probably in its heyday….I immediately found myself wondering:... Read More
Earlier this year, Arnold Schwarzenegger put out a video, calling out hate and antisemitism, which he denounced as a horrible loser ideology. This was probably in response to Kanye West and Nick Fuentas meeting with Trump, though it was reposted after the Hamas terror attack. Schwarzenegger made a similar video in response to Charlottesville, that... Read More
RADHIKA DESAI: Hello and welcome to the 20th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Well, it’s happening again. Reports of the death of neoliberalism are once again proliferating. Just take a look at the... Read More
RADHIKA DESAI: Hello and welcome to the 19th Geopolitical Economy Hour, the program where we discuss the evolving political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And we bring you this program with the help of our host, Ben Norton, our videographer Paul Graham, and... Read More
The voters of Argentina have decided that 53-year-old Javier Milei is going to be their next president. He will be the first unmarried president since 1916 when Vicente Yrigoyen was elected. Like Yrigoyen, whose nickname was el peludo (the armadillo, literally the hairy one), Milei has a nickname that is to do with hair: la... Read More
GLENN DIESEN: Welcome to today’s program. My name is Glenn Diesen. I’m a professor at the University of Southeastern Norway. With me is my colleague Alexander Mercouris from the very informative and popular Duran. The guest today is none other than the excellent Michael Hudson, a very renowned economist. He’s written brilliant books, which I... Read More
The derivatives bubble is often estimated to exceed one quadrillion dollars (a quadrillion is 1,000 trillion). The entire GDP of the world is estimated at $105 trillion, or 10% of one quadrillion; and the collective wealth of the world is an estimated $360 trillion. Clearly, there is not enough collateral anywhere to satisfy all the... Read More
The unelected European Commission, committed to uphold “Western Values,” has issued a decree prohibiting Russians to bring personal items when they enter the EU. Although Europeans like the French, Germans, Italians, Poles and Hungarians, Russians can no longer come to an EU member state driving their own car, and they have to leave behind their... Read More
The United States recently became the first medically advanced country with shortening rather than lengthening lifespans. Princeton University economists Anne Case and Angus Deaton in their 2020 book Deaths of Despair and the Future of Capitalism associate this decline in life span with economic inequality rising to levels not previously recorded. To find a very... Read More
The US military/security complex and its numerous supporters in the House and Senate can’t get enough of war. The one they have going in Ukraine has denuded NATO members and the US of weapons and ammunition, thus creating a massive resupply market for US armaments manufacturers. This is great profit news for the merchants of... Read More
Look carefully at the chart above. What do you see? You see the development of a high-speed rail system that is unrivaled anywhere on earth. You see the actualization of plan to connect all parts of the country with modern-day infrastructure that reduces shipping costs, improves mobility and increases profitability. You see a vision of... Read More
Throughout history, each evolutionary segment of linear empire incorporated its own symbols, archetypes, and myths to sell its messaging and justify its actions.. Rothschild Zionists currently run the US Anglo-Zionist empire, not just as behind-the-scenes financiers as was common in the past, but as “hands on the wheel” / “in full public view” managers. As... Read More
RADHIKA DESAI: Hello everyone and welcome to this ninth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today we have a special guest, Professor Mick Dunford. Mick is Professor Emeritus at Sussex University and a visiting... Read More
How Junk Economists Help The Rich Impoverish The Working Class January 28, 2014 Last week, I explained how economists and policymakers destroyed our economy for the sake of short-term corporate profits from jobs offshoring and financial deregulation. That same week Business Week published an article, “Factory Jobs Are Gone. Get Over It,” by Charles Kenny.... Read More
In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. Transcript RADHIKA DESAI: Hi everyone, welcome to the seventh Geopolitical Economy Hour, a program about the political and... Read More
Radhika Hello and welcome to this third Geopolitical Economy Hour. I'm Radhika Desai. Michael And I'm Michael Hudson. Radhika As many of you know, in this collaboration with Ben Norton's Geopolitical Economy Report, Michael and I will present every fortnight a discussion of the major trends and developments that are so radically shaping our world.... Read More
podcast version: Radhika: Hello, everyone. Welcome to the second Geopolitical Economy Hour. I'm Radhika Desai. Michael: And I'm Michael Hudson. Radhika: Thanks to all our viewers for making our inaugural show such a success. As many of you know, in this collaboration with Ben Norton's Geopolitical Economy Report, Michael and I will present every two... Read More
ZOG (Zionist Occupied Government) is an antiquated term. It implies the existence of nation-state governance. Today’s US is an amalgamation of corporations and parasitic financial institutions largely run by Rothschild Zionists. America isn’t a nation, it’s a corporate empire, or more accurately- ZioCorp. First a disclaimer. When I use terms like “ZOG” or “ZioCorp,” I... Read More
Lights! Action! Reset! The World Economic Forum (WEF)'s Davos Freak Show is back in business on Monday. The mainstream media of the collective West, in unison, will be spinning non-stop, for a week, all the “news” that are fit to print to extol new declinations of The Great Reset, re-baptized The Great Narrative, but actually... Read More
Transcript RADHIKA DESAI: Hi everyone, and welcome to this Geopolitical Economy Hour. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our 21st-century world. We’ll discuss international developments. We’ll discuss their roots in... Read More
Yes, prices are rising, but not for the reasons the Federal Reserve says. When I say inflation is a hoax, I mean the purported cause is a hoax. The Fed is fighting a consumer inflation, a “demand-pull” inflation. But what we are experiencing is a supply-side inflation caused by the Covid lockdowns and economic sanctions... Read More
Why do Americans hate Putin? Tucker Carlson thinks he knows. Here's what he said: Is Carlson right, do Americans hate Putin because the media and the political class in Washington have told them to do so? Yes and no. Yes, the media and the politicians have played a big role in the demonization of Putin.... Read More
Luis Ignacio “Lula” da Silva may be the ultimate 21st century political comeback kid. At 77, fit and sharp, leading an alliance of 10 political parties, he has just been elected as Brazilian president for what will be a de facto third term after his first two from 2003 to 2010. Lula even staged a... Read More
Was Oswald Spengler right? Are we approaching the end of Western Civilization- or at least that West we knew? Perhaps Russia’s President Putin will preserve a piece of it, like the Irish monks who transcribed and hid the works of Aristotle and Plato during the Viking invasions. Barring a Mad Max apocalypse, it seems China... Read More
Interview of Michael Hudson by Andrei The Saker, August 2022 Transcript Key: ATS = Andrei The Saker; MH = Michael Hudson ATS: Well first of all, Michael, a huge, huge thank you for agreeing to this conversation. It’s a big pleasure for me to have you here, it's a big honour too, and I really... Read More
In 1945 the United States emerged from a world war with the only intact industrial economy in the world. The British, European, Soviet, and Japanese economies were in ruins. China and the rest of Asia, Africa, and South America had undeveloped economies, later renamed third world economies. Additionally, the US held most of the world’s... Read More
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... Read More
The Kremlin’s Liberal Spokesman Says BRICS Not a Substitute for G20, Thus Elevating the West’s policy-making forum Over Russia’s BRICS. By continuing to supply Russia’s NATO enemies with energy, the Kremlin is throwing away a powerful lever by providing NATO countries the time they need to acquire alternatives to Russian energy, thus minimizing the damage... Read More
Paper presented on July 11, 2022 to The Ninth South-South Forum on Sustainability. THE COLLAPSE OF MODERN CIVILIZATION AND THE FUTURE OF HUMANITY. The greatest challenge facing societies has always been how to conduct trade and credit without letting merchants and creditors make money by exploiting their customers and debtors. All antiquity recognized that the... Read More
Five years ago, I wrote an article entitled “America’s Jews Are Driving America’s wars.” It turned out to be the most popular piece that I have ever written and I was rewarded for it by immediately being fired by the so-called American Conservative magazine, where I had been a regular and highly popular contributor for... Read More