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Michael Hudson: US imperialism, Krugman, de-dollarization, socialism, Palestine, China.

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India & Global Left

India & Global Left

Күн бұрын

Пікірлер: 492
@IndiaGlobalLeft
@IndiaGlobalLeft 7 ай бұрын
Guys, we want to work full-time on this, but our financial woes keep us pushing away. If your wallet allows please drop us some support. We prefer the PayPal method since we don't lose half of the money, but you can also give us a super chat. If you are a large donor, we would obviously get in touch with you to give something back if we can. But if you can't no worries. Please subscribe, share, and like. That means a lot already.
@drakekoefoed1642
@drakekoefoed1642 7 ай бұрын
a thought: if you had a seller for an item, say, a microphone, you could put an ad on ebay or somewhere where someone would donate $24.88 and to the seller, who ships the microphone to you. so you could have a merch thing where someone could buy you an office chair or a camera or whatever they liked.
@richardthegingerbo909
@richardthegingerbo909 7 ай бұрын
no
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 7 ай бұрын
Cargill: Our taxes, global destruction Minnetonka-based Cargill is often noted as the world’s largest private corporation, with reported annual sales of over $50 billion and operations at any given time in an average of 70 countries. The “Lake Office” of Cargill is a 63-room replica of a French chateau; the chairman’s office is part of what was once the chateau’s master-bedroom suite. A family empire, the Cargills and the MacMillans control about 85 percent of the stock. Not only the largest grain trader in the world, with over 20 percent of the market, Cargill dominates another 12 sectors, including destructive speculative finance, according to “Invisible Giant: Cargill and its Transnational Strategies,” by Brewster Kneen. Taking advantage of the capitalist speculative collapse of 1873, Cargill quickly bought up grain elevators. After vast cooperation with the state-sponsored railroad robber barons, central grain terminals averaged extremely high annual returns on investments of 30 to 40 percent between 1883 and 1889. Cargill hired a Chase Bank vice president to secretly help the corporation through the Depression, writes Dan Morgan in “Merchants of Grain.” “There are only a few processing firms,” and “these firms receive a disproportionate share of the economic benefits from the food system,” states William D. Heffernan, professor of rural sociology at the University of Missouri. Details of Cargill’s price manipulations at the expense of farmers worldwide was documented in the classic study, “Food First: Beyond the Myth of Scarcity” by Frances Moore Lappe and Joseph Collins. They report that Cargill has had a history of receiving elite government price information that should be told to U.S. farmers. That secrecy, along with tax-subsidized market control, enables Cargill to buy from U.S. farmers at extremely low prices and then sell abroad to nations pressured under the same destructive elite corporate control. See the Institute for Food and Development Policy’s Web Site Between 1985 and 1992, the legal entity called Cargill received $800.4 million in tax subsidies via the Export Enhancement Program, a continuation of the infamous “Food for Peace” policy, writes Kneen. Promoted by Hubert H. Humphrey and instituted as PL 480, food became a Cold War tool, i.e. “for Peace.” If we can induce people to “become dependent on us for food,” then “what is a more powerful weapon than food and fiber?” Humphrey declared, according to “Necessary Illusions: Thought Control in Democratic Societies” by Noam Chomsky. Actually, most of the nation recipients of tax-subsidized Cargill food dumping were, and are, net exporters of food already - policies imposed by colonial trading patterns. The food (for Peace) has been bought cheaply by neocolonial regimes, and then sold at a huge discount on the local market - in Somalia, for example, at one-sixth of the local prices. Many examples of these misguided policies can be found in “Betraying the National Interest: How US Foreign AID Threatens Global Security by Undermining the Political and Economic Stability of the Third World,” by Frances Moore Lappe, et al. Cargill’s undercutting wipes out the local farmers’ self-reliance, while the revenues (going to the elite) are tied to required purchases of U.S. weapons, writes Chomsky, citing “The Soft War” by Tom Barry, 1988. But the main beneficiary of “Food for Peace” has been Cargill. Keen writes, “From 1954 to 1963, just for storing and transporting P.L. 480 commodities, the heavily subsidized giant Cargill made $1 billion.” Indian lawyer N.J. Nanjundaswamy reports that a Cargill motto is, “One who controls the seed, controls the farmer, and one who controls the food trade, controls the nation.” Yudof’s recently stated support of federal foreign policy Title XII is another public promotion of the University of Minnesota-Cargill partnership’s raiding of sustainable agricultural cultures. Cargill is such a damaging threat that in Dec. 1992, 500,000 peasants marched against corporate-controlled trade, and the irate farmers ransacked Cargill’s operations. Fifty people were arrested at the partially completed - and subsequently destroyed - seed-processing plant in Bellary, India. In 1996, 1,000 Indian farmers gathered at Cargill’s office and destroyed Cargill’s records. Cargill has been doing bio-piracy, stealing traditional products. For instance, it used Basmati, a rice from India, as its trade name, and the company continues to be one of the main promoters of corporate-driven intellectual property rights. The U.S. Trade Act, Special 301 Clause, allows the United States to take unilateral action against any country that does not open its market to U.S. corporations. The United States, for example, has threatened to use trade sanctions against Thailand for its attempt to protect biodiversity. A bill that has been before parliament in India and promoted by Cargill, “takes away all the farmers’ rights, which they have enjoyed for generations - they will no longer be able to produce new varieties of seed or trade seed amongst themselves,” writes Nanjundaswamy. The research center, Rural Advancement Foundation International, found that “fifteen African states, among them some of the poorest countries in the world, are under pressure to sign away the right of more than 20 million small-holder farmers to save and exchange crop seed. The decision to abandon Africa’s 12,000-year tradition of seed-saving will be finalized at a meeting in the Central African Republic. The 15 governments have been told to adopt draconian intellectual property legislation for plant varieties in order to conform to a provision in the World Trade Organization.” Cargill, with extensive funding from the U.S. Agency for International Development, is also destroying the world’s largest wetland - the Pantanal, in South America - in order to dredge a channel that’s designed for convoys of up to 16 soybean- and soymeal-carrying barges, according to the Institute on Food and Development Policy. Cargill has been on the Council of Economic Priorities’ list of worst environmental offenders. Mother Jones magazine and Earth Island Journal report that Cargill is responsible for 2,000 OSHA violations, a 40,000-gallon spill of phosphoric solution into Florida’s Alafia River, poor air pollution compliance and record-high releases of toxic waste. With help from the Program on Corporations, Law and Democracy, states have recently begun to respond to citizen pressure and revoke corporate charters. The assets of Cargill should be revoked, allowing the citizens of the United States to give farmers the benefits of fair trade instead of Cargill’s secretive policy of tax-subsidized global destruction. yes I have a distant relative who works for the World Bank - the corporate agriculture tied into Cargill.
@ermitanyoed4185
@ermitanyoed4185 7 ай бұрын
The bangko sentralng pilipinas have been printing U.S.$ since 2014; Janet Yellen gave permission ❤(CEO Fed. Reserve Bank) therefore BSP is financing terrorism and wars since 2014 at the expense of CIA
@dopaminey9946
@dopaminey9946 7 ай бұрын
I guess we the people are just going to let these dangerous men rule over us? I guess we aren't going to become aware of the political and economic scams that reduce our lives into poor creatures? Oh, okay then we are f**ked. Get ready to whine and act confused. Get ready to wait for the good guy to show up. He won't .
@WilhelmDrake
@WilhelmDrake 7 ай бұрын
Michael Hudson is the greatest living economist.
@curiouscurious9053
@curiouscurious9053 7 ай бұрын
Hudson is the most brilliantly honest economist on the planet!!!!!
@myresponsesarelimited7895
@myresponsesarelimited7895 6 ай бұрын
Don't know if I'd go that far, but it's hard to think of anyone who stands convincingly above him in his field. The old bull for sure though 👌
@MikeForster-fl6om
@MikeForster-fl6om 4 ай бұрын
He is not alone ... the interesting thing is that he and other rational economists are all singing the same tune.
@lindagonzalez5513
@lindagonzalez5513 7 ай бұрын
This is one of the very few Indian channels that’s not obsessed with hatred for China and Pakistan ! Happy to see cool calm intelligent frank conversations without the bias and hate ! Great channel keep up the unbiased reporting!
@fredtan1506
@fredtan1506 7 ай бұрын
That’s very true, that’s why I did not hesitate to subscribe, the only Indian channel I subscribed. WION, et al are unfair.
@fannyalbi9040
@fannyalbi9040 7 ай бұрын
i come here for india self righteous 😂
@theislander-sj1kq
@theislander-sj1kq 6 ай бұрын
You mean not playing lap dog for the sahibs
@palestinev3722
@palestinev3722 5 ай бұрын
Or Israel
@user-xw3vi4nk2y
@user-xw3vi4nk2y 5 ай бұрын
But these kind of people are less than 5% in India and they have ZERO power. Most Indians are now very anti-china.
@andreselectrico
@andreselectrico 7 ай бұрын
Much respect for this show. No hatred, no petty point scoring, no jingoistic shortcuts, or unnecessary bias. Informed and very knowledgeable comments and questions from an intellectually superior host. Sooo cool that this is coming from the great India. About Prof. Hudson, what can I say? I have a PhD in economics and have long been interested in these issues. But with Prof. Hudson, you always feel like a student again. It is a pleasure to experience that sensation of enjoying learning something new. Great interview.
@user-ty7bt4lx5d
@user-ty7bt4lx5d 7 ай бұрын
Totally.
@brianadlich4406
@brianadlich4406 7 ай бұрын
I only have a bachelors in economics. I feel like I’m receiving a post grad supplement like I should’ve done when I listen to him.
@nimeshpatel6006
@nimeshpatel6006 7 ай бұрын
"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.
@nimeshpatel6006
@nimeshpatel6006 7 ай бұрын
"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.
@nimeshpatel6006
@nimeshpatel6006 7 ай бұрын
"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.
@glennc2144
@glennc2144 7 ай бұрын
I love listening to Professor Hudson, as well as Sacks, Meersheimer, and others. No way will they get air time in mainstream media. On the other hand, there is a sadness in learning the true nature of my country; and realizing that our most trusted leaders lie to us daily.
@yaoliang1580
@yaoliang1580 7 ай бұрын
John mearsheimer is a crook
@josephlee4337
@josephlee4337 7 ай бұрын
@glennc2144 I think you mean Professor Sachs?
@Nick-nm9vj
@Nick-nm9vj 6 ай бұрын
Fantastic analysis. These are difficult concepts which he has mastered. He communicates them effectively. Long live Michael!
@cubistone
@cubistone 7 ай бұрын
This discussion is as valuable to me as all the years i spent in school. Really opened my eyes to the answers to questions that I've been searching. What an education Michael Hudson has given me in an hour. Thank you.
@dannysdailys
@dannysdailys 7 ай бұрын
All of this is mute until we find out how successful the new BRICS is going to be.
@theokirkley
@theokirkley 7 ай бұрын
Hear hear
@wankee888
@wankee888 7 ай бұрын
What every thing we thought we know that is wrong
@richardwilliams6920
@richardwilliams6920 6 ай бұрын
Dutch farmers and European farmers were up in arms about their traditional crops being sidelined. Does this have anything to do with the world Bank. Also I remember farmers in India having trouble growing traditional crops because of dictates from World bank and a certain American billionaire.Is this true?
@MikeForster-fl6om
@MikeForster-fl6om 4 ай бұрын
Yes
@rodrigoribeiro9057
@rodrigoribeiro9057 7 ай бұрын
This is the second time I have listened to this interview. Michael Hudson's ability to provide a comprehensive narrative of the parasitic system predating on our labor is unique.
@nonyabizness997
@nonyabizness997 7 ай бұрын
Thank you for interviewing Professor Hudson again! Such an honour taking the free lecture from such a true intellect!
@LeoiCaangWan
@LeoiCaangWan 7 ай бұрын
Gotta love Prof Hudson's lack of filter when it comes to US Imperialism and the failures of the western left.
@dannysdailys
@dannysdailys 7 ай бұрын
All of this is mute until we find out how successful the new BRICS is going to be.
@MrTaxiRob
@MrTaxiRob 7 ай бұрын
BRICS isn't a socialist model in any conceivable way, not sure why it even matters so much to any of us @@dannysdailys
@benwoodruff1321
@benwoodruff1321 7 ай бұрын
All of it is moot.
@heckcheck1022
@heckcheck1022 7 ай бұрын
@@dannysdailys don't get your hopes up
@NachttiSchlampE65
@NachttiSchlampE65 7 ай бұрын
​@@dannysdailysthey were already bigger than G7 before the new members joined. Venezuela having great chances to join soon which would basically result in a total energy dominance. People in Europe and the USA need to wake up and stop with silly games like stealing frozen assets. Such action will only result in even more countries turning their back on the West
@organizer14
@organizer14 7 ай бұрын
Thank you for your integrity and courage to speak the truth.
@zleo9923
@zleo9923 7 ай бұрын
Excellent education from Prof Hudson. Thank you.
@antiimperialist-li7oy
@antiimperialist-li7oy 7 ай бұрын
Best show of Michael Hudson
@brianwheeldon4643
@brianwheeldon4643 7 ай бұрын
Thank you Prof Michael Hudson for your clear thinking and straightforward explanation of the the politico-economic world we have enslaved ourselves to. We no longer have economies, we have banks like Citi and Barclays, HSBC and so on. Channelling monetary wealth at speed and covertly is the way we operate in 2024. I can vouch for Michael's commentary having worked for Citi throughout the 1980s in a representative offce and being on the inside of sovereign loans, corporate loans and treasury operations. It all ended badly for the country I lived in with austerity on the heels of privatisation and the slaughter of the trade unions and organised labour. Now it's merely financially driven economics, IP, IT and industrial dairy each with fancy marketing and dressing up the accounts. It's a scam on a national level, and easily maintained. A typical person still doesn't understand how it's operated. The scary thing is, they still don't want to know.
@yaoliang1580
@yaoliang1580 7 ай бұрын
It depends on which countries they're from, those from the US n countries that have benefited immensely from a US imperialism will definitely don't want to khow, those who are victims will certainly want to know about this criminal system
@josephlee4337
@josephlee4337 7 ай бұрын
​@@yaoliang1580 I tried to tell the exact thing to people, and the people who really don't want to hear are the ones that have been in this country for the past 20-30 years from Central America. Cause they got it good now and they want it to stay this way.
@ramonching7772
@ramonching7772 7 ай бұрын
Best statement of the video.... The Germans think Americans will never cheat them. Nor bomb their pipeline. 😂😂😂
@pecan11
@pecan11 3 ай бұрын
Like hell! They have been screwed over by the US for decades. That’s not what happened
@pecan11
@pecan11 3 ай бұрын
I think they don’t trust and never did
@paulmicks7097
@paulmicks7097 7 ай бұрын
Great discussion gentleman, covered many truths of imperialism.
@tedchandran
@tedchandran 7 ай бұрын
Jai Hinduja. Finish them off.
@AshleyMcIntosh-zz7kr
@AshleyMcIntosh-zz7kr 7 ай бұрын
Brilliant Micheal Hudson.We need more economists like Micheal in the top jobs in europe.His summary of Gaza etc at the end is spot on.
@nycboogie
@nycboogie 7 ай бұрын
Dr Hudson unleased and on fire in this interview!
@ICreatedU1
@ICreatedU1 7 ай бұрын
This might be one of the best interviews I've seen in my life and I'm not sure I've ever learned as much in 75 min as I did watching this vid. Michael Hudson is peerless.
@user-kp7xg1yi6k
@user-kp7xg1yi6k Ай бұрын
Yes I agree. I am 66 an accountant, and I found Professor Hudson's world view and historical knowledge refreshingly accurate.
@mildredmartinez8843
@mildredmartinez8843 6 ай бұрын
I had always been suspicious of the World Bank's dealings. But Prof. Hudson's damning comments of the WB are the worst i have heard. And i can see why. I had just not been aware of their evil operations. An eye opener. Thanks.
@hangonsnoop
@hangonsnoop 7 ай бұрын
When New York City was a manufacturing center, it also had a strong union movement. By driving out manufacturing in NYC, the union movement was crushed.
@michaels.5778
@michaels.5778 7 ай бұрын
An economist who uses common sense. ❤
@realdeal139
@realdeal139 7 ай бұрын
Prof Hudson = the people’s champion!
@ttystikkrocks1042
@ttystikkrocks1042 7 ай бұрын
Extremely good interview! I'm a huge fan of Micheal Hudson and I'm glad you have managed to get an interview with him. I'm a new subscriber! Keep up the good work!
@edwardallan197
@edwardallan197 7 ай бұрын
Wow.... what an enlightening interview. Love the prof, and he is on a roll with clarity this time.....❤
@joannenayeri6041
@joannenayeri6041 7 ай бұрын
This capitalism sounds like a racket!
@bradleyp3655
@bradleyp3655 7 ай бұрын
It has been since it's adoption 400 years ago.
@djtan3313
@djtan3313 7 ай бұрын
It is!
@ppazpppaz8618
@ppazpppaz8618 7 ай бұрын
Try reading the WSWS site.
@fun_ghoul
@fun_ghoul 7 ай бұрын
@@ppazpppaz8618 Sack of crap.
@joannenayeri6041
@joannenayeri6041 7 ай бұрын
@@ppazpppaz8618 will do
@theinfralink6598
@theinfralink6598 7 ай бұрын
Completely agree with Michael’s assessment of Paul Krugman. These days reading his column is no different from reading the ideology refuse from the State Department.
@TheCaywood3
@TheCaywood3 7 ай бұрын
Thank you
@desert.mantis
@desert.mantis 3 ай бұрын
Prof. Hudson is one of the few economists I trust. Hudson does not subscribe to and will call out the American exceptionalism fallacy. He incorporates the US imperialist goals into his analysis. Excellent interview and upload.
@asmaburney2028
@asmaburney2028 7 ай бұрын
Great discussion, thank you!
@marty.l
@marty.l 7 ай бұрын
Professor Michael Hudson is right about dedollarization of reserves. By dedollarizing reserves, you prevent the US from using dollar treasuries to finance its deficit in term of military spending to attack, regime change, color revolution Global South countries. When countries like China, Russia, Saudi Arabia, Japan stops buying treasuries it prevents US from financing its debt, deficits cheaply. It forces the Federal Reserve to buy the debt since the US private market can only absorb so much of treasury issuance without the rates going up drastically. When the Federal Reserve monetizes this treasurie issue, it causes the dollar to go down which prevents the predatory tactics of US using dollar to exploit Global South countries. Luke Gromen, an investment manager, has said the same thing. That's why they force Saudi Arabia to store their reserves in US assets like treasuries, US stocks because if Saudi Arabia tries to do otherwise, US will declare war on Saudi Arabia or try to regime change it like they did to Iran, Syria, Iraq, Libya.
@Alloballo123
@Alloballo123 7 ай бұрын
I need this explained to me in simple terms. So when foreign countries try to get rid of US dollars.. ok wait. First examine why foreign countries have so much US dollars... Is it because they're selling shit that the US buys, and the US buys it in dollars? Ok, so that explains why these countries have so much dollars sitting around. Next question is: why do they need/want to get rid of these dollars? What is the US doing that's making holding US dollars dangerous?
@gregoryedwards9097
@gregoryedwards9097 7 ай бұрын
This is my first time ever listening to him. Wow. Bomb after bomb full of knowledge. These past 2 years have made me do a deep dive on everything and I’ve learned about people like Colonel MacGregor, Jeffrey Sachs, Richard Wolf, Larry Wilkerson, Karen Kwiatkowski… but he might be my new favorite. Thank you for this wonderful interview! Going to check out more and you just earned a subscriber!
@lindagonzalez5513
@lindagonzalez5513 7 ай бұрын
Every thing you said is my sentiments exactly! Trust me you are not alone 😊 just cannot believe anything you hear on western mainstream media !
@andreselectrico
@andreselectrico 7 ай бұрын
Fully agree. I believe that these people represent, regardless of their ideologies, the realist wing of Western thinking. This brand of thinking was virtually absent in major debates in the past, but they are a necessary complement to understanding the world we are currently living in. In that sense, these commentators are like a breath of fresh air. They are pragmatic, eager to see the truth beyond their own niche, and aware of the need for peace and respect for self-determination. Their opinions are much needed today as we witness the material consequences of the wishful-thinking-based neoliberal order unfold.
@BestFitSquareChannel
@BestFitSquareChannel 3 ай бұрын
Jaw-dropping. The more I learn, the lower my jaw drops.
@numbersix8919
@numbersix8919 7 ай бұрын
Hi Michael Hudson I watch all your appearances.
@crispycritter9163
@crispycritter9163 7 ай бұрын
I am not a Number !
@numbersix8919
@numbersix8919 7 ай бұрын
@crispycritter9163 No, you're not, you are a person.
@dinnerwithfranklin2451
@dinnerwithfranklin2451 7 ай бұрын
Thanks for having Prof Hudson on. He is so good at explaining reality.
@webfreakz
@webfreakz 6 ай бұрын
thank you for this interview!!
@mohanramanujam
@mohanramanujam 7 ай бұрын
World bank is more US Chamber of Commerce. Perhaps it should be called US Commerce Bank
@redkellyre6568
@redkellyre6568 7 ай бұрын
As always thank you so much Professor Michael Hudson for the IQ boost.
@linus631
@linus631 7 ай бұрын
Great talks, ❤ Prof. Michael Hudson.
@soberanobrasil9370
@soberanobrasil9370 7 ай бұрын
Valeu!
@lynnez8352
@lynnez8352 7 ай бұрын
So good to hear sanity, humanity and real economic education from the people’s champion Prof Michael Hudson
@augusto3208
@augusto3208 7 ай бұрын
Awesome interview. Real valuable information.
@shekhy123
@shekhy123 7 ай бұрын
Good Initiative. Keep the work going
@user-kp7xg1yi6k
@user-kp7xg1yi6k Ай бұрын
Thanks, Professor Hudson, for explaining all of this in a clear and concise manner. Your depth of knowledge on such a wide array of academic areas from economics/finance to real-world geo-politics and history is very appreciated. If everyone knew what you know, we could transition to a peaceful, mutually beneficial multipolar world.
@artgardener8115
@artgardener8115 6 ай бұрын
It's always a pleasure and a great education to hear Professor Michael Hudson, bravo! Please keep inviting him back 👍
@user-be5cp5iy6e
@user-be5cp5iy6e 7 ай бұрын
The global south also depends heavily on the EU, with poor returns. The West is united against the global south.
@pseudoscientist8010
@pseudoscientist8010 7 ай бұрын
For the last 70 yrs the west has protected sea trade, that is ending, good luck.
@kobemop
@kobemop 7 ай бұрын
The West gets the more favorable side of trades. It's unequal (16x-48x times).
@NellyFernandez-ow3if
@NellyFernandez-ow3if 7 ай бұрын
Excellent discussion. Thank you.
@karimb972
@karimb972 7 күн бұрын
A living legend! Thank God we have people like him!
@vivalaleta
@vivalaleta 7 ай бұрын
As bad as I know the US government to be I'm always shocked, listening to Hudson, that it is far worse than I can conceive of.
@wlhjr77
@wlhjr77 7 ай бұрын
I'd rather be from America that whatever shlt-hole you are from...
@majdavojnikovic
@majdavojnikovic 7 ай бұрын
It is a mighty Mafia, with an impunity and big deals, wordly deals, how bad can it be?
@rallypojken
@rallypojken 7 ай бұрын
Thanks! Excellent work!
@user-jf6yr1pq3p
@user-jf6yr1pq3p 6 ай бұрын
The man is just great
@user-ty7bt4lx5d
@user-ty7bt4lx5d 7 ай бұрын
Nice discussion. Completed the whole show, very insightful
@Mikey-mike
@Mikey-mike 7 ай бұрын
Excellent interview. Well done. Thank you.
@RickyMenafee
@RickyMenafee 7 ай бұрын
Thank You For Sharing This Food For Thought
@chesleymesher1913
@chesleymesher1913 6 ай бұрын
Hudson enlightening prof extraordinaire
@jorgef.g.defigueiredo6534
@jorgef.g.defigueiredo6534 7 ай бұрын
Michael Hudson é sempre brilhante. É uma vergonha que os seus livros não sejam traduzidos para o português. Isso mostra o triste estado da indústria editorial em Portugal e no Brasil - preferem editar lixo ao invés de obras fundamentais como a sua.
@Userkzb20253
@Userkzb20253 7 ай бұрын
We need michael Hudson to explain Chinese economy instead the economists from wall streets or the media
@getgal1
@getgal1 21 күн бұрын
What a wealth of information. The world needs people like you to understand how it can move to unity and an effective UN.
@niranjanishetty8069
@niranjanishetty8069 7 ай бұрын
USA promoted modi in India. Today we have slid from rank 50 to 111 in hunger index.
@suezcontours6653
@suezcontours6653 7 ай бұрын
That's Indias fault for allowing USA to influence them. They idolize white people too much
@fannyalbi9040
@fannyalbi9040 7 ай бұрын
india has no hungry mouth to fed
@dayveda3736
@dayveda3736 7 ай бұрын
Class is in session.
@karimkarachiwalla7073
@karimkarachiwalla7073 7 ай бұрын
Very great interview!! Keep it up.
@88namiko
@88namiko 7 ай бұрын
This was an excellent interview! His description of the nuanced financial workings of the western financial system is a real eye opener, if you have a kid in high school, sit them down to watch this, they'll learn alot! I don't subscribe to left or right but I love the way he described the current political left wing...
@misty671
@misty671 7 ай бұрын
I enjoyed Michael's analysis and commentary. Thank you.
@beautifuldream108
@beautifuldream108 7 ай бұрын
Ultimate true 💪👏👏👏👍🧠👏👏👏👍🧠mr. Michael Hudson
@sciagurrato1831
@sciagurrato1831 7 ай бұрын
The only other thinker in economics at the level of Dr Hudson is Dr Richard Werner, an expert on the banking system. 90% of Nobel Prize winners in economics serve the western financial establishment (Modigliani/Miller etc) - the recent exception being Angus Deaton.
@davecollins8136
@davecollins8136 7 ай бұрын
You really need to check out “Steve Keen and Friends”
@maryebert4980
@maryebert4980 7 ай бұрын
Great work
@virginparadize7806
@virginparadize7806 7 ай бұрын
Surprised that only 146 people watching a very important discussion. Is it because they already know what's being discussed or they just accept the status quo.
@willlawrence8756
@willlawrence8756 7 ай бұрын
overworked trying to pay a mortgage? eat/work/sleep......research, what's that!
@fun_ghoul
@fun_ghoul 7 ай бұрын
Views are now >17k. 📽️
@thehealthychefri
@thehealthychefri 7 ай бұрын
Mr. Hudson perfectly defines neo-liberalism!
@bartvisscher2647
@bartvisscher2647 7 ай бұрын
Very good show, great questions, great answers.....great interview
@chiakeesame972
@chiakeesame972 7 ай бұрын
Thank you Professor Hudson for the enlightening talk.
@alistairrania2348
@alistairrania2348 Ай бұрын
Super enlightening, thank you. We all need to know this
@liisaeskelinen1909
@liisaeskelinen1909 6 ай бұрын
Brilliant conversation, thanks!
@IndiaGlobalLeft
@IndiaGlobalLeft 6 ай бұрын
Thanks a lot.
@JohnSmith-vm8rx
@JohnSmith-vm8rx 7 ай бұрын
Got to love another socialist/communist channel! Hello fellow comrade. From the US (imperial core) here.
@lotfisamorai
@lotfisamorai 5 ай бұрын
THANK YOU SO MUCH
@aaronwilkinson8963
@aaronwilkinson8963 7 ай бұрын
This all happened to Greece
@marioquadros5650
@marioquadros5650 7 ай бұрын
Excellent Congratulations and thank you prof Hudson.
@MR-tn5kv
@MR-tn5kv 7 ай бұрын
Fantastic interview! It untangled a lot for me
@Moon11-ss5ys
@Moon11-ss5ys 7 ай бұрын
Namaste, for this information and India's Yogis for their intelligent insights on the kind of world we live in, political Malice upon the human race.
@user-wd6ni4xu4n
@user-wd6ni4xu4n 4 ай бұрын
Love this man.
@fannyli9853
@fannyli9853 6 ай бұрын
Thanks!
@IndiaGlobalLeft
@IndiaGlobalLeft 6 ай бұрын
Dear Fanny, thanks for the super chat, this really means a lot. You would know that we get only about 55% of super chats since KZfaq takes the rest. We generally request bigger donations like this in PayPal. But obviously, some people prefer super chat, so no pressure, if that is the case. In any case, stay in touch. Solidarity.
@antoniosimon3458
@antoniosimon3458 7 ай бұрын
Great talk 👍
@brucetrappleton6984
@brucetrappleton6984 7 ай бұрын
We went from "dedolarization" and "multipolar world order" to "this is the problem China will face".
@suezcontours6653
@suezcontours6653 7 ай бұрын
​@@rekukuWhite people are eNOT Native to America. Stop the stupidity 😊
@btgan3838
@btgan3838 7 ай бұрын
Alan Freeman: Is war between China and USA inevitable? Who is threatening the world? Why the US's Decline is NOT China's fault. kzfaq.info/get/bejne/ibqZaK1n1dbOpp8.html 2023.04.16 (20:58) (Thinkers Forum) ☝️👍👌Must listen! Rare info: Pointed out many historical inaccuracies and wrong analogies in Graham Alison's "Thucydides's Trap" argument on why the war between China and the US is inevitable.
@lindagonzalez5513
@lindagonzalez5513 7 ай бұрын
Excellent guest ! This guest made me subscribe to your channel!
@francoisguyot9770
@francoisguyot9770 7 ай бұрын
Awesome! Quite interesting, I learned or confirmed what I already knew. I'm glad that it comes from some American voices at this moment in time.
@peterfeatherbone6268
@peterfeatherbone6268 6 ай бұрын
I worked for a UNDP funded project which was executed by the IBRD when Robert McNamara was the head of the World Bank. I dont know the financial arrangements but I thought the project brought much development to my country. The team of advisers comprised experts in the field of agriculture including fisheries, regional development, land rehabilitation, land development, personnel development as well as infrastructure development. That project was carried out in the late 70s. I left before the project was completed and have live abroad many years now and no longer keep track of developments of that country but I believe it has brought great progress to that country. I wish this interview was made then but then there was no internet or computers in those days.
@hafunland894
@hafunland894 7 ай бұрын
When it comes to finding out the real unvarnished economic truths Michael Hudson is in a league of one! Please have him back on your great show. BTW I am an American who loves India and went there 7 years ago to help do construction work on an orphanage and love the kids there near Dharamsala. I am a general contractor in the Finger lakes area of USA. If you can get them also have as guests Professor Richard Wolfe and Paul Craig Roberts.
@thomaskirkpatrick1134
@thomaskirkpatrick1134 25 күн бұрын
The Great Man!!!
@westernnoir4808
@westernnoir4808 7 ай бұрын
Man that was great. Brilliant Mr Hudson. This is a textbook discussion about everything. Never mind ELon Musk and the internet of everything, this is the bollocks here.
@sebolddaniel
@sebolddaniel 7 ай бұрын
He's a very good interviewer, and Michael is great as usual
@PrimeChaosVC
@PrimeChaosVC 7 ай бұрын
Indians... talking about inequality of China... what happened to self-awareness man?
@fun_ghoul
@fun_ghoul 7 ай бұрын
What happened to treating economists as economists, and not nationals of their respective states? 🗑️
@PrimeChaosVC
@PrimeChaosVC 7 ай бұрын
@@fun_ghoul Because those don't exist in the West and India. You should watch Wion news if you don't get what I mean. Also, the interviewee is one of the rare ones. He wouldn't make it to the mainstream media. And if he does, they have loaded questions to discredit him.
@fun_ghoul
@fun_ghoul 7 ай бұрын
@@PrimeChaosVC Your comment is, like you, pointedly ignorant. Do better, "tongzhi".
@turtlesoup8134
@turtlesoup8134 7 ай бұрын
Most Indians are not taught to look in the mirror. Instead, they are taught to use their inflated ego as a substitute to the humble mirror. Just look at how Indian politician speak and compare them to how Chinese politician speak.
@fannyalbi9040
@fannyalbi9040 7 ай бұрын
what self awareness? we indian are very aware india is world’s superpower country.
@jdjones4825
@jdjones4825 7 ай бұрын
Who the F is prof. hudson..? He is powerfull, concise and true... thanks for the introduction..👍
@v.annabonac2913
@v.annabonac2913 Ай бұрын
Thank you.
@PomegranateChocolate
@PomegranateChocolate 7 ай бұрын
Recently Maldives is in the news and the newly elected Maldives president called out India as a bully. In fact, people talk about US imperialism all the time. But not many people are aware of India imperialism. India imperialism dates back to the beginning when India was created and the new country sees itself as the new imperial power just like its predecessor the British Raj. And that means India foreign policy statecraft is one of land grabbing and seeks to control its neighbors. India does not have the hard power to project its force far away, but it can bully its immediate neighbors. In fact, every single of India's neighbors, from small (Sikkim) to big (China) were bullied by India. The smallest one, Sikkim, was eventually gobbled up by India in 1975.
@PomegranateChocolate
@PomegranateChocolate 3 ай бұрын
@hj2711 China did attack India in 1962. Indians have this perception that their country India pops into existence in 1947 fully formed. And then China attacked it in 1962. Nothing can be further from the truth. Here, I am going to explain a brief history of the events leading to the current stalemate. As late as the 1940s, after World War II, the flag of the Republic of China (nowadays usually known as Taiwan) was flying high in Tawang, South Tibet. Today, the Indian flag is flying there. So what had happened? On August 14th, 1947, Nehru gave his famous 'Tryst with Destiny' speech, and with that, a country that historically did not exist suddenly showed up on China's doorstep. India is similar to South Africa, a country that came into existence only because the colonialists created the country and subsequently and willingly relinquished its power to the indigenous people it once subjugated. If the British had never landed in India, the subcontinent today would comprise thousands of fiefdoms, often at each other's throats. 1947 was the time of pre-Communist China (the Republic of China, nowadays usually referred to as Taiwan), and India continued the expansionist policy of the British Raj and continued the land incursion. Nationalist China (pre-Communist Republic of China) had been sending repeated diplomatic protests to the then-Indian Nehru government. However, schooled by the British on how to deal with these nuisances, these diplomatic protests were duly ignored. In fact, one of the last acts of the Republic of China as the government of the mainland before retreating to Taiwan when its defeat was imminent was to send yet another diplomatic protest to India of its territorial intrusion. When the Communists took control of the mainland after the Nationalist government had relocated to Taiwan, India was one of the earliest nations to recognize Communist China and, in one fell swoop, shut out the diplomatic channel the ROC used to deliver its diplomatic protests. India's land incursion continued, but Communist China ceased all diplomatic protests. In February 1951, three and a half years after the British Raj had left the subcontinent, India finally trekked up to Tawang, South Tibet, expelled the officials posted there from Lhasa, and annexed it. Tawang is the last major Tibetan frontier town. It is the birthplace of the Sixth Dalai Lama and home to the four-hundred-year-old Tawang Monastery. Historically, the Tawang Monastery has been a central government-friendly monastery. This means the news of India's invasion and annexation should have arrived in Beijing within a few days at the latest. Unsurprisingly, the Tibetan Lhasa authority vehemently protested, as did the Republic of China (by then had already retreated to Taiwan), but curiously, Communist China made no noise. Communist China's baffling silence must have greatly emboldened India as it continued to push northward into China, eventually precipitating the one-month-long 1962 India-China war. In the run-up to the 1962 war, Zhou En Lai went to New Delhi pleading to Nehru to take what it had stolen (South Tibet) and fix the boundary along the MacMahon alignment (It was termed the MacMahon alignment and not the MacMahon line because the so-called MacMahon line is a diplomatic forgery and is not recognized by either Communist China or Nationalist China (Republic of China)) but the offer was rejected by India. Zhou En Lai later remarked to a Sri Lankan politician that he had never met a person as arrogant as Nehru. Coming from Zhou, who met a lot of Western statesmen, including the famous snub when John Dulles Foster refused to shake hand with Zhou, it says a lot. It is obvious that Communist China was bending backward, trying not to pick up a fight with India, but Nehru saw Zhou's mission to New Delhi as a sign of submission. After all, India has already gobbled up South Tibet (an area twice the size of Taiwan) with zero protest and zero resistance, so why should India listen to China now? Besides, India also wants Aksai Chin, which is another ridiculous land claim. In 1962, Nehru announced in the Indian parliament that he would 'throw the Chinese out of Indian territory.' Finally, China had enough and launched a one-month war on India in October 1962. India was quickly defeated, but the war didn't end with any resolution. In 1987, India made South Tibet a state and renamed it the so-called Arunachal Pradesh. The Republic of China (Taiwan) once again issued a statement strongly condemning India. Here is an excerpt of the statement put out by the Republic of China (usually referred to as Taiwan nowadays): "In regard to the issue of the Indian government's illegal occupation of our country's territory and the establishment of the so-called 'Arunachal Pradesh,' the foreign ministry of the Republic of China issued the following announcement at midnight: India's illegal occupation of our country's territory has been repeatedly stated by the government of the Republic of China as something it will not recognize. Recently, the Indian Congress unilaterally passed the establishment of 'Arunachal Pradesh' to the south of the so-called McMahon Line. The Indian government also made it a state. The government of the Republic of China once again solemnly proclaims that the government of India intends to legitimize its illegal occupation of Chinese territory. The government of the Republic of China regards this as illegal, void, and absolutely not recognized." The territorial dispute festers to this day, and India is occupying South Tibet. This land has never even set foot by the people in the Indian subcontinent in the whole of human history, yet they continue claiming victimhood against an aggressive China.
@PomegranateChocolate
@PomegranateChocolate 3 ай бұрын
@hj2711 Ignorance is bliss. India has already gobbled up South Tibet prior to 1962. South Tibet has never been set foot by the Indians in the whole of history until it was annexed by India in 1951. But India was too greedy and refuse to settle with China and continue the land grab. And that is the reason for the 1962 war. Free South Tibet (so-called Arunachal Pradesh) from India.
@PomegranateChocolate
@PomegranateChocolate 3 ай бұрын
@hj2711 India is not some kind of innocent country bullied by China. India is a land grabber and a bully (basically a British Raj wannabe), and this is why India is hated by all its neighbors in South Asia. You should tell your government to get out of South Tibet.
@PomegranateChocolate
@PomegranateChocolate 3 ай бұрын
@hj2711 There is no such thing as India until it was created out of the polity left behind by the British. There is no such thing as Maratha empire. The desi people hate each other and that is the reason you people never have a country. When the British left, the conventional wisdom from both the British and the Indians is that the new country will break up soon. In fact, Nehru was so concern of the prospect of India breaking up that he even created a department dedicated to India's unity. India didn't break apart of course. But what happened since is everybody's surprise. Not only India didn't break apart, it gave birth to a vile form of nationalism. A nationalism based on the fantasy that India will be a superpower and the hatred of Muslims and Chinese. This is the glue that hold India together today. Mao is a total disaster and biggest traitor of China. Mao even offered to concede South Tibet to India, but Nehru never took up the offer because Nehru was too greedy. If the Communist didn't win the civil war, South Tibet would never have been gobbled up by India. You as an Indian should thank Mao for that. The dispute with the Philippines is a make-up issue because the US is using the Philippines to inject itself into the South East Asia.
@PomegranateChocolate
@PomegranateChocolate 3 ай бұрын
@hj2711 In 2014 a Tibetan Chinese named Nido Tania from occupied South Tibet (so-called Arunachal Pradesh) went to old Delhi and was beaten to death because he 'looked Chinese'. His death is hardly an isolated one. People in the northeast were regularly met with ethnic slurs from the Indians. Occasionally there were beaten up because of their look. Today South Tibet is restless because of decades of misrule. Rape by Indians is a major resentment. A decade ago, there were riots in South Tibet because two Indians were accused by the locals as rapists. The incident even prompted the Indian defense minister to fly into Bomdila, South Tibet to handle the situation. Indians basically treaty everybody there as Chinese spy and simply don't trust the local people. AFSPA (Armed Force Special Power Act) is imposed on South Tibet. Make no mistake this is colonialism. The difference is old school colonialism it is the Whites colonizing the Browns. Now it is the Browns colonializing the Yellows. What a disgusting country.
@roos021
@roos021 7 ай бұрын
Bedankt
@IndiaGlobalLeft
@IndiaGlobalLeft 7 ай бұрын
Bedankt. We really appreciate the support. It really matters a lot. Solidarity, IGL.
@apoena-allnitemusic7203
@apoena-allnitemusic7203 7 ай бұрын
Good stuff
@moreless2690
@moreless2690 7 ай бұрын
What is the reason for India not studying its neighbouring China and taking inspiration from it?
@avkk2314
@avkk2314 7 ай бұрын
China is in decline it's propaganda media will show it's economy is doing well it spends more on its internal security than its defence budget.
@Raytracer96024
@Raytracer96024 7 ай бұрын
Caste system and hierarchy
@nycboogie
@nycboogie 7 ай бұрын
​@@Raytracer96024Thanks British Empire!
@biggpicture2930
@biggpicture2930 7 ай бұрын
Indians almost totally missing. The BJP and deluded Indians are totally anti left. They are on the right side, and not on any opposing sides that would be WRONG sides
@Gunni1972
@Gunni1972 7 ай бұрын
Because it is not practicable to copy that model. In India, there are 99 languages. Plus it has a caste system, that significantly hinders access to "Interoperability".
@petersipos4728
@petersipos4728 7 ай бұрын
I really enjoy listening to Michael any time. One tiny little thing that always hurt my ears and I feel the urge to correct: the word 'left' needs to be abandoned. Any 'left', be it US,EU are hardcore oligarchy/fascist/monopolist/anti-labor. The word left only applies to a very small minority like communist parties etc..
@traylaitken-cade6112
@traylaitken-cade6112 7 ай бұрын
Great interview 👍
@matthewnewberry7275
@matthewnewberry7275 2 ай бұрын
Wealth distribution is a legitimate concern of the left but Hudson is correct to point out that wealth creation should not be the exclusive concern of the right.
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