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 […]
Michael Hudson’s Major Lecture at the Global University in China on July 11th, 2022 Why it lacks resilience, and What will take its place[1] 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 […]
Katie Halper: Professor Michael Hudson, thank you so much for joining us. We’re really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the […]
It is now clear that today’s escalation of the New Cold War was planned over a year ago, with serious strategy associated with America’s plan to block Nord Stream 2 as part of its aim of blocking Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. As President Biden […]
On Wednesday, March 23, 2022, the United States announced that it would freeze Russia’s access to its gold. Russia has the fifth highest amount of gold in the world. Economist Michael Hudson explains that this action, which follows the US seizing Venezuela and Afghanistan’s gold and assets, has effectively ended dollar hegemony, which has been […]
But Nobody Thought That It Would Happen This Fast Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every […]
What Is Rent Seeking? With Michael Hudson And Pepe Escobar (1:36:42) (To view full screen click the link below.) https://www.bitchute.com/video/QfiLPYjqXdr0
