Michael Hudson - Changes in Superimperialism

  Рет қаралды 174,168

Oxford Economics Society

Oxford Economics Society

Күн бұрын

Michael Hudson - Changes in Superimperialism:
The Position of the USA and China in our Global Economic System
Nearly 50 years after the original publication of "Superimperialism", Michael Hudson revisits how the lucrative dollar-based economic system that the US set up after WWII has evolved with the rise of China and the Covid-19 pandemic. What financial weapons is the US likely to use, and does China's de-dollarisation protect it from such attacks?
The book provides a detailed analysis of how the US has used its economic might to control international relations. The book is complicated, but essentially documents how after WWII the US held an unprecedented amount of the world's gold reserves (50%). These reserves were depleted with the incursion into Korea, and subsequent involvement in Viet Nam, requiring the US to abandon the "gold standard" for valuing world currencies. A failure that proved itself valuable, pushing the US to develop multiple strategies that today allow it to make other countries pay for its military dominance.
Michael Hudson is Professor of Economics at the University of Missouri-Kansas, former balance of payment economist at Chase Manhattan, political consultant, and has written on many topics relating to the history of debt and the international financial system.
0:00 Introduction
2:16 Talk
40:13 Q&A

Пікірлер: 453
@zahid1909
@zahid1909 3 жыл бұрын
Professor Hudson, please take care of your health and Live Long. You are the source of inspiration for millions of people around the world.
@Fidelista23
@Fidelista23 Жыл бұрын
I agree hear hear 👏 👏
@pt17171
@pt17171 11 ай бұрын
7u88u6🎉7
@stephensuen439
@stephensuen439 2 жыл бұрын
Professor Michael Hudson used political and economic history to explain how US used foreign loans, and the use of the dollars to control /manipulate the global economy; and he also pointed it out the harms and dangers of relying on financial capitalism to generate wealth vs to the real wealth and prosperity generated from industrial capitalism and a mixed economy being engaged by China and other Asiatic countries. In short, I really fall in love of learning world economic from Professor Hudson after watching several of his public lectures through KZfaq.
@waynemcmillan5970
@waynemcmillan5970 3 жыл бұрын
Michael Hudson is a brillant historian as well as a talented economist.
@elizabethanderson2968
@elizabethanderson2968 3 жыл бұрын
Omniscient and altruistic Hudson ... a rare gem of a human
@nancyk7954
@nancyk7954 Жыл бұрын
I never tire of learning from Professor Hudson. If anyone wants to learn the truth, here it is. It's like he's painting a picture. I'm in awe every time I listen to him.
@terryl858
@terryl858 Жыл бұрын
Well put total agre
@jocosus3
@jocosus3 3 жыл бұрын
11:06 "The basic principle of American foreign policy is 'no other country can tell us what to do'" - Prof Hudson This explains SO much. Thank you for posting!
@antediluvianatheist5262
@antediluvianatheist5262 3 жыл бұрын
Well, they're about to get an unpleasant surprise.
@KrazeDiamond
@KrazeDiamond 3 жыл бұрын
Thing is, no one wants to tell the Americans what to do, Americans just always assumed and imagined there's enemies who want to destroy Americans' way of life. I call it "guilty conscience", it's what Western Powers have done to other countries around the world for hundreds of years, and they're afraid of retribution should any of those colonized people rise up again in the future. It's a great evil that must be eradicated otherwise mankind will never be able to progress.
@emmaevans7011
@emmaevans7011 3 жыл бұрын
This is still Americsn policy. Now China is saying no thanks.
@bryanjackson8917
@bryanjackson8917 3 жыл бұрын
While perhaps true, at the same time Dr. Hudson is an apologist for the Chinese empire. Oh, did he forget to mention that apparently no one can tell them what to do either (e.g., South China Sea dispute, Taiwan, etc.)?
@ToriZealot
@ToriZealot 3 жыл бұрын
@@bryanjackson8917 How many countries did China bomb in the last 12 years. How many did USA bomb? 7, 8?
@philiphewett2803
@philiphewett2803 3 жыл бұрын
A lot of respect for Michael Hudson. He has been in the game for perhaps longer than any other western economist and his command of the history and machinations of global economics is second to none.
@pauladams1829
@pauladams1829 3 жыл бұрын
Lovely to listen to some who really knows his subject and isn't afraid to speak the truth.
@21dolphin123
@21dolphin123 3 жыл бұрын
One of the few economists who really understand the Global World Economy.
@fredericbastiat5653
@fredericbastiat5653 3 жыл бұрын
I'm happy to have many pieces to a puzzle I've long been trying to solve offered by Mr. Hudson. A rather substantial offering, I might add. Thanks for the clarity.
@Jay...777
@Jay...777 3 жыл бұрын
History helps give meaning to the present. It kicked off in Rome over 2000 yrs ago. The oligarch creditors seized control. That's when our system began, in the belief that a debt is a debt. The oligarchs have been writing the laws in their favour for a very long time. Citizens United. lol Debt forgiveness was the ancient way to balance and revitalise the economy, the Jubilee. It worked really well. It's quite a mind flip for modern sensibilities. A quick clue I can give you here on the basics, is in the fact that debts grow exponentially but the real economy does not. Never did. The tension builds until it snaps. The last snap was 2008. Bailing out the bond holders was not what the Babylonians would have done. At Rome's apex, Christ’s first sermon was not, forgive us our sins but forgive us our debts. Let’s get back to the old order when everything was better for everybody. No wonder they crucified him. Anyway… Book - "and forgive them their debts" by Michael Hudson. Maybe check out his vids on YT. I cant post you the links as the TY algorithm seems to eat them and they never post. YT Search - The Peoples Forum NYC - for one called, the history of debt from antiquity to today, or something like that - easy to find, not many to choose from. Hudson is the guy to listen to - skip the middle bit if you're short on time. Enjoy.
@GuyCybershy
@GuyCybershy 3 жыл бұрын
Michael Hudson't interpretation of economic history should be common knowledge.
@MarsBorg
@MarsBorg 3 жыл бұрын
Michael Hudson's interpretation of economic history is common knowledge. It is the elite Bankers and Politicians that don't (want to) know about it.
@czbero
@czbero 3 жыл бұрын
@@MarsBorg What makes you think that the bankers don't know about it?
@giovannichingautheman3780
@giovannichingautheman3780 3 жыл бұрын
@@Jj-gi2uv I agree and was effective for 3 centuries but that behavior in public between Trump and Johnson (US born) seemed like the axis of power had migrated to the US, which is acting as a main member of the Commonwealth right now by giving instructions to Australia and Canada. Several analysts say so and even the prophecy of Saint Hildegard von Bingen.
@dansingmuch
@dansingmuch 3 жыл бұрын
@@MarsBorg No, it is elite Bankers and Politicians who know about it and would prefer if others didn't know about it.
@bostoncommonterry
@bostoncommonterry 2 жыл бұрын
@@MarsBorg the rich know they want you to not tax them
@warningsigns4526
@warningsigns4526 3 жыл бұрын
why isn't this taught to the children in the fool system? HOme school mothers, if you love your children and teach them Truth (this man is brilliant)
@ttrons2
@ttrons2 3 жыл бұрын
Well why do you think?
@Amidat
@Amidat 3 жыл бұрын
they don't teach it because it is easier to control fools
@williamhunt9874
@williamhunt9874 3 жыл бұрын
It is always fascinating listening to Michael Hudson
@aforeignchinese1385
@aforeignchinese1385 3 жыл бұрын
Looking forward to more interaction with Prof Michael Hudson. Incredible insights to financial system and world order ... a topic not often discussed and shared.
@lindamohamed5296
@lindamohamed5296 3 жыл бұрын
Thank you, Michael Hudson.
@juliusaugustino8409
@juliusaugustino8409 3 жыл бұрын
It has been a pleasure to watch Michael Hudson's talks. Economists are very often worthless hacks in analyzing the history of economics and also the current economic situation. Michael does both extremely well. (He's the third Michael that has influenced my thinking quite a lot 😂 with Michael Parenti and Michael Brooks)
@jonathangumra1661
@jonathangumra1661 Жыл бұрын
Simply brilliant and brilliant ,thanks
@peterwright9934
@peterwright9934 3 жыл бұрын
An absolute tour de force. Michael Hudson has the kind of understanding of economic history, nation state strategy and the inside workings of capitalism that few others have. His ability to articulate that knowledge is astounding. I fully agree with him on the failures of the Obama administration and his low expectations of the Biden administration when he says “They found that as long as you can have identity politics front and centre, you can do whatever you want economically to crush the people that you pretend to be representing in identity politics” And I would add that that worked for Trump, who’s working class supporters thought they would be liberated by him.
@deselby9240
@deselby9240 10 ай бұрын
You might be surprised and find the vast majority who voted for Trump did it because he rejected identity politics (clumsily) and focused on jobs and the swamp. Why was he swamped meme so popular? Same reason - jobs. The swamp shipped all the good jobs overseas.
@freefreespeech6722
@freefreespeech6722 3 жыл бұрын
I've listened to many voices on the economy and Michael Hudson is one of .favorites thank you.
@terryl858
@terryl858 Жыл бұрын
American should make him a national treasure
@carbonduke01
@carbonduke01 5 күн бұрын
I think mr Hudson IS the economist of our time. I search for his podcasts,by far the smartest econist.
@hotcakesism
@hotcakesism 2 жыл бұрын
Damn this was a brilliant talk, Hudson does a great job of summarizing and interpreting all of these complex historical transformations.
@vincenttayelrand
@vincenttayelrand Жыл бұрын
When it comes to making sense of geo-economics Michael Hudson is breath of fresh air
@vincenttayelrand
@vincenttayelrand 3 жыл бұрын
Why doesn't this have at least 1 million views?
@his202class7
@his202class7 3 жыл бұрын
Because KZfaq's algorithm is suppressing the ability of anybody to see it. They don't want anyone to see such dangerous truths.
@shogun7p7
@shogun7p7 3 жыл бұрын
@@his202class7 factz
@mitchclark1532
@mitchclark1532 3 жыл бұрын
Maybe you didn't SMASH THAT LIKE BUTTON! ;)
@klam77
@klam77 3 жыл бұрын
@@his202class7 google fades comments. see paul jay's "the analysis" channel. respected source threatend by utube.
@botchedmandala5197
@botchedmandala5197 3 жыл бұрын
@@his202class7 do you have any evidence of this?
@jeremiahhuckleberry402
@jeremiahhuckleberry402 3 жыл бұрын
Hudson's concise encapsulation of the world's economic history from the first World War into the 21st Century is a must see for anyone who wishes to understand today's geopolitics. No one else has done this better, with the probable exceptions of Chomsky and Wolff.
@edubmf
@edubmf 3 жыл бұрын
Amazing insight about one price for commodities, but many for labour.
@botchedmandala5197
@botchedmandala5197 3 жыл бұрын
Thank you for this oxford economics society
@mayachatterjee2336
@mayachatterjee2336 3 жыл бұрын
Well worth listening to. I learned a lot. Thank you!
@justmyopinion9883
@justmyopinion9883 Жыл бұрын
Thank you for sharing this educational video. I learned so much here. Professor Hudson is brilliant.
@radhakrishna1845
@radhakrishna1845 2 жыл бұрын
Professor Hudson... 🙏💕..... India.. Indian people.. Government Needs your.. Inspiration...
@garretttedeman
@garretttedeman 3 жыл бұрын
"Gold is actually a 'peaceful' commodity. When or if countries would have to make up their balance-of-payments in Gold, then they wouldn't be able or willing to afford to go to war. ....This is why the U.S. didn't go back on the Gold Standard after 1972. We wanted to be able to have more wars." ...Just thinking about first hearing some of these historical explanations from Michael Hudson over the years, and much like his whole position on when/how/why there are cases when the debts have to be canceled to re-balance society, he's just a unique scholar to give some very major historical context that we all need these days. ...Great stuff as always.
@Rossion64
@Rossion64 3 жыл бұрын
Interesting to hear of Keynes suggestion that Britain could construct it's own economic system after ww2. I wonder if that could have worked well. Michael Hudson is my go to economist
@calvyncraven1141
@calvyncraven1141 2 жыл бұрын
The boy's face changed when Hudson says Russia might nuke England just to keep the Americans in check
@murrayreid5358
@murrayreid5358 3 жыл бұрын
Should be part of high school curriculum
@klam77
@klam77 3 жыл бұрын
Thank you michael hudson.
@lynnwood7205
@lynnwood7205 3 жыл бұрын
The viewer should make note of the sudden devaluation of the pound on September 19, 1949. From £1 = $4.03 to £1 = $2.80
@baruasafi5880
@baruasafi5880 3 жыл бұрын
What was the reason and the net effect?
@lynnwood7205
@lynnwood7205 3 жыл бұрын
@@baruasafi5880 Simply put, the British Empire was no longer a going concern and Great Britain could no longer afford to maintain that empire. The choice was to devalue or go bankrupt. The Royal Navy was pretty much scrapped. The living standards for the working classes rose. All pretension of independent imperial power ended at Suez in 1956.
@JohnDoeX1966
@JohnDoeX1966 3 жыл бұрын
Lynn Wood Thank you for the comment and the follow up explanation
@mustafaoshaughnessy3198
@mustafaoshaughnessy3198 3 жыл бұрын
Great guest, thanks!
@tonytube9211
@tonytube9211 Жыл бұрын
Professor Hudson is a true guru in international finance. The information provided here gems to understanding how the world has been subjugated to US financial system. May God keep him safe and healthy.
@debralegorreta1375
@debralegorreta1375 3 жыл бұрын
Taxes used to eliminate rentiers, because they increase the overall costs of the system
@nthperson
@nthperson Жыл бұрын
Unfortunately, taxes imposed by governments have rarely captured much in the way of rents. Rentiers have always gained as taxes are imposed on earned income flows, on tangible capital goods and on commerce.
@VMNEO
@VMNEO Жыл бұрын
Michael is a gem of academics! Thanks!
@desert.mantis
@desert.mantis Ай бұрын
Mike Hudson is one of the rare economists who speak the truth about capitalism.
@GETJUSTICE4U
@GETJUSTICE4U 2 жыл бұрын
1.54 ".... the work I'm doing with China....". That is the first time I learned this from professor MH. So Chinese pregime is applying economics that works in the best interests of its peoples and American regime applies the same economics that work best for corporate cleptocrates not its peoples?
@suckmemore
@suckmemore 2 жыл бұрын
u still haven't learned a crack!
@view1st
@view1st 2 жыл бұрын
In a nutshell.
@deselby9240
@deselby9240 10 ай бұрын
That just about sums it up.
@jrhoads4849
@jrhoads4849 3 жыл бұрын
These nation's economies were taken hostage in essence. 52:47
@sashagervais1334
@sashagervais1334 3 жыл бұрын
Great to have Michael Hudson here.
@juliolinares1705
@juliolinares1705 3 жыл бұрын
"by the way, this goes back to babylonia" haha!
@UnwiseEnterprise
@UnwiseEnterprise 3 жыл бұрын
Hahah, I had the same thought. Had me looking up the Code of Hammurabi. I think it would steer me a lot better than the Ten Commandments ever did.
@Peace-for-the-world
@Peace-for-the-world 8 ай бұрын
Wonderful exposition, world master class, thanks Mr. Hudson!❤
@fufu3539
@fufu3539 3 жыл бұрын
This man is something else.
@mario9318
@mario9318 Жыл бұрын
I can't get enough of Michael Hudson
@pedrocavalcante5822
@pedrocavalcante5822 3 жыл бұрын
This video deserves subtitles
@jamesguy1030
@jamesguy1030 3 жыл бұрын
Pedro C ~ Yeah, How do you mean ?
@nottheguru1
@nottheguru1 3 жыл бұрын
As a transcription? That involves a bit of work for someone. But utoob has a button at the bottom of the video frame that automatically writes out the subtitles, which is accurate 80% of the time.
@catrojana3694
@catrojana3694 3 жыл бұрын
Should be translated into multiple languages.
@nicksaliu8941
@nicksaliu8941 Жыл бұрын
Chris thank you for making us aware of what's going on economically worldwide.
@mystictraveler8642
@mystictraveler8642 3 жыл бұрын
This explains everything. Thank you.
@Jay...777
@Jay...777 3 жыл бұрын
A mind opener for sure. His historical survey of debt is even better. History helps give meaning to the present. It kicked off in Rome over 2000 yrs ago. The oligarch creditors seized control. That's when our system began in the belief that a debt is a debt. The oligarchs have been writing the laws in their favour for a very long time. Citizens United. lol Debt forgiveness was the ancient way to balance and revitalise the economy, the Jubilee. It worked really well. It's quite a mind flip for modern sensibilities. A quick clue I can give you here, is in the fact that debts grow exponentially but the real economy does not. The tension builds until it snaps. The last snap was 2008. Bailing out the bond holders was not what the Babylonians would have done. At Rome's apex, Christ’s first sermon was not, forgive us our sins but forgive us our debts. Let’s get back to the old order when everything was better for everybody. No wonder they crucified him. Anyway… Book - "and forgive them their debts" by Michael Hudson. Maybe check out his vids on YT. I cant post you the links as the TY algorithm eats them and they never post. YT Search - The Peoples Forum NYC - for one called, the history of debt from antiquity to today, or something like that - easy to find, not many to choose from. Hudson is the guy to listen to - skip the middle bit if you're short on time. Enjoy.
@mystictraveler8642
@mystictraveler8642 3 жыл бұрын
@@Jay...777 Thanks for the resource. I will check him out. By the way, your comment.....you said this so we'll.
@abrambadal8997
@abrambadal8997 Жыл бұрын
Je l'admire, Dr. Michael Hudson , pour ses critques et ses analyses faite , ayant une expérience unique de l'intérieur des politiques bancaire et financière ! What I critisize is his policy based view of a non Marxist--Leninist--Zinoviev's point of view of structural nature of anti--socialist , anti--communist aggravated phase of Imperialism and contradictions caused since supe-imperialist that I called neo--imperialist after 1997 S. E. Asian Great World Financial crisis , empoverishing in less than two weeks, , over 14 developing countries , called The Smaller Dragons of The Asian markets surrounding China ! What I had called myself , Neo-Imperialism after 1991-1997 , after deeper researches done for causes of set-backs or faillures to go ahead of The Soviet Union and China pro-socialist camps after 1989--1991 , and seemingly abandonning their primitive persuit of '' so called socialism '' that Lenin and his commerades had called as NEP policy of State--Capitalism between 2022 and 2027 in Russia and it's modifications by Stalin's administration for Nationlization of Land and completion of Electrification and industrial infra--structures and other socialist features added to a welfare state of Soviet Union , followed everywhere else , and aiding China after 1940's and building Chineese Infra--Structures for an industrialized country plus other Mao's features added for large agricultural communes more suitable for China ! Mere calling it then neoliberalism , what even Naomi Kline had exposed in her well documented book of Schock and Awe of neo--fascist imperialism , and Noam Chomsky calling it not even New , Nor Liberal for the term neolibralism , which is not of a Marxist term , but one used by Milton Friedman's Economics followed by Ronald Reagan and Margaret Thatcher , and presently known as all right wing globalist doctrine , what was formulated in Washington Consensus about and after 1989 ! And what became the military doctrine of Permanent Wars by G.W. Bush and The Neo-Conserveties' doctrine of neo-imperialists all globalized or concentrated in NATO-G7 bloc after 2008 , facing Russia-CHina aliances of SCO plus , BRICS plus and OPEC plus , a much Vaster Global non-aligned countries' alliances of opposing neo-imperialist-Collonialist domination , actually growing to six billion populations on Earth !
@lucasbonhommevazquez
@lucasbonhommevazquez Жыл бұрын
This was a really interesting lecture. Thank you Dr. Michael Hudson
@Insightts
@Insightts Жыл бұрын
Absolutely brilliant, thank you professor.
@newhorizons898
@newhorizons898 2 жыл бұрын
Eye opening! Keep on keeping on, world treasure.
@dillonsawyer9377
@dillonsawyer9377 2 жыл бұрын
An excellent interview with the true integrity in a difficult cause.
@alexander0076969
@alexander0076969 Жыл бұрын
Loved listening to prof. Hudson and learned a lot. Thank You.
@Juan-ud3if
@Juan-ud3if 8 ай бұрын
Salute Micheal Hudson.,and All Truth Teller's and Activists.🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋
@monicamonica4233
@monicamonica4233 Жыл бұрын
Very good questions, Excellent answers!
@bboucharde
@bboucharde 3 жыл бұрын
Hudson = TOP MAN
@azharidris7092
@azharidris7092 3 жыл бұрын
both the interviewer and interviewee is so polite as if all that they're saying is a revelation.. should be more like like Vijay Prashad or Max Blumenthal or even professor Richard Wolff..
@nocturnally879
@nocturnally879 3 жыл бұрын
Politeness is common sense...
@jeanlanz2344
@jeanlanz2344 2 жыл бұрын
Michael Hudson is a genius.. Norway is heavily unionized and many non-union members are also covered by union contracts. Negotiations for wages are made between national labor union associations and national employer associations. Government is involved too.Their inequality is low and their standard of living among the highest in the world. Japan has privately provided top quality, primary care-oriented healthcare with the best results in the world. The price of every procedure and drug at the same nationwide price is negotiated biannually between five doctor representatives and Japan's Health Ministry. All health insurance, doctor's offices and hospitals are non-profit. "Anti-labor policies (anti-union) don't allow countries (or individuals) to pay off the debt and make them more dependent." And that's the goal! Banksters strip countries and individuals of their assets and make them indebted, dependent renters or just take their assets and exploited labor and move on. World Economic Forum: "You will own nothing and be happy." NO.
@ramonching7772
@ramonching7772 3 жыл бұрын
So the IMF is the real pusher of debt trap.
@view1st
@view1st 2 жыл бұрын
Working for the financial and corporate elites, principally of the USA.
@burnerburner4074
@burnerburner4074 Жыл бұрын
No sh!t, Sherlock.
@clovisra
@clovisra Жыл бұрын
Yes! The main function of the IMF is to destroy small, defenseless countries.
@helios4u2
@helios4u2 Жыл бұрын
THANK YOU FOR THIS EXCELLENT WORK PROFESSOR. ABOVE ALL CONTINUE TO ILLUMINATE THE WORLD OF YOUR TEACHING.
@e.l.6092
@e.l.6092 2 жыл бұрын
Phenomenal!!
@alvinleong173
@alvinleong173 3 жыл бұрын
Imagine if Harvard teach this to the top students in America...
@merfymac
@merfymac Жыл бұрын
Imagine if state colleges taught this to all students
@homayounshirazi9550
@homayounshirazi9550 Жыл бұрын
Harvard is an integral segment of the Cabal.
@montumeroe9593
@montumeroe9593 3 жыл бұрын
This is very informative.
@J-Hell
@J-Hell Жыл бұрын
"As long as you put identity politics front and centre, you can do whatever you want economically to crush the people you pretend to be representing."
@zenobiavandongen6660
@zenobiavandongen6660 Жыл бұрын
Recent research has called into question the claim that German hyperinflation was caused by the reparations decreed by the Treaty of Versailles. Instead, it has been suggested that the cause was German incompetence.
@davidlee723
@davidlee723 2 жыл бұрын
26:24 "The Americans said that any foreign country wanting to grow its own food instead of depending on US grain exports was touted as an active war and would be overthrown." 52:50 "The purpose of the IMF was to make other countries poor and dependent on the US so they could never mount militaries"
@kulturfreund6631
@kulturfreund6631 3 жыл бұрын
Professor Hudson. Always an eye-opener. Would be interesting to hear once his opinion on Silvio Gesell’s economic model.
@kreyvegas1
@kreyvegas1 3 жыл бұрын
Impressive !!!
@nthperson
@nthperson Жыл бұрын
A good book to read for additional background on U.S. foreign policy was published in 1984, written by Jonathan Kwitny -- "Endless Enemies."
@Zara-um1nx
@Zara-um1nx Жыл бұрын
This is very true thank you so much
@Herbwise
@Herbwise 3 жыл бұрын
Kari Levitt-Polanyi wrote an update to her father’s book called from the Great Transformation to the Great Financialization.
@tjij-mbai
@tjij-mbai 3 жыл бұрын
What's the main argument in her book?
@lawrencebrown3677
@lawrencebrown3677 3 жыл бұрын
This talk has revaled who & what is behind the agricultural reforms in India --the USA-- which will have such devastating social & economic effects in India and beyond,
@view1st
@view1st 3 жыл бұрын
Will they break free do you think or become increasingly impoverished by the -USA- IMF?
@turtlesoup8134
@turtlesoup8134 3 жыл бұрын
@@view1st India is quite firmly under the US influence judging by the gov policy towards more privatization, western biased media control, solid relationship with the US and antagonism towards China. So much so that the Indians were puzzled by the banning of vaccine raw material from the US during the start of the 2nd covid wave. The population were expecting that the US would be the first to jump in and help india due to all the hype the media plays about US-India romance. For China and Russia, banning of anything by the US is just a normal Monday morning news and won't cause any surprise among the populace.
@afropoet
@afropoet 3 жыл бұрын
@@turtlesoup8134 insightful stuff
@larsbokermann1052
@larsbokermann1052 3 жыл бұрын
Is it knows when the new edition will be finally out? Greetings from Berlin, Germany!
@shayson1357
@shayson1357 3 жыл бұрын
finally finally someone who understands that ISIS is part of the american foreign legion and actually has the balls to say it.
@_wegota2319_
@_wegota2319_ Жыл бұрын
So crazy to listen to this during this stage of the Russia-Ukraine war (US-Russia proxy war).
@ggrthemostgodless8713
@ggrthemostgodless8713 3 жыл бұрын
Hudson verbalizes some pretty obvious empirical truths, hard truths, "truth to powers", that no one sees to want to speak, love this guy. 3:00 This seems like a simple matter of fact thing to say, but very very few people say it let alone elaborate on it, ""[Superimperialism] the context is that the strategy for dedollarisation today by china, russia, other countries; is basically How do you make an ALTERNATIVE to an international financial order THAT REALLY WAS DESIGNED FROM THE BEGINNING TO BENEFIT THE UNITED STATES IN ITS OWN SELF INTEREST. This issue was discussed after WW1 at the... [this] essentially gave it control of the world economy..." That's right, there are no real alternatives becaeu the USA even controls the SWIFT system of exchange that was supposed to be neutral and non-political, and is now used BY FORCE by the USA to impose sanctions and pressure nations they don't like or deem enemies to handicap their international businesses lest those nations become stronger or for whatever other reasons they might have. They also imposed by threat of force, what is called the PetroDollar, in which all transactions have been forced to be conducted in dollars, thus creating a high ARTIFICIAL demand for the dollar, and the list continues in this line... I am glad someone like Hudson can say this out loud, and fewer words than I can. it is also weird how they just get an idea into their heads and say it and impose it, like the Monroe Doctrine; so the USA doest want anyone meddling in the American continent, but they are perfectly fine meddling in all other continents, to this very day!!
@dodododatdatdat
@dodododatdatdat 2 жыл бұрын
Yup its maddening. But they would be foolish to think their conduct overseas isnt brought to bare domestically. I wouldnt want to live in such a unequal, paranoid nation
@millaniaserova197
@millaniaserova197 2 жыл бұрын
bravo!
@waden9815
@waden9815 3 жыл бұрын
Bush/Cheney made a war criminal like Paul Wolfowitz the President of the World Bank after the Iraq War. Noting that he was Rumsfeld's Deputy Secretary of Defense leading up to, & during Washington's war in Iraq. Thank you for this post. It was interesting listening to Prof. Hudson's perspective on American Empire. I kinda wish he would've said something about the rise of American Oligarchy in the late 1800s, which would've really melted in perfectly as a precursor to America's aspirations towards Empire. But it doesn't matter, I'm already aware of it. It would've been interesting to hear his side of it though. Thanks again.
@Magic-lg9lw
@Magic-lg9lw 3 жыл бұрын
Please do podcasts for these!
@ctrlshift6045
@ctrlshift6045 3 жыл бұрын
Thank you professor for explain in such a clear way, the yankee mafia work flow.
@terryl858
@terryl858 Жыл бұрын
I think Yankee means thief.
@gerrardstones1298
@gerrardstones1298 3 жыл бұрын
Nailed it!Great rave.
@sutikareoluwagbenga1272
@sutikareoluwagbenga1272 Жыл бұрын
Listening to this was the equivalent of sitting in a college classroom!
@rollinkendal8130
@rollinkendal8130 3 жыл бұрын
Damn, i'm not a scholar, but after this my respect for Hudson is left wavering.
@toddmaek5436
@toddmaek5436 2 жыл бұрын
Why?
@johnsmith5139
@johnsmith5139 3 жыл бұрын
lol@ the swift anecdote about the dam builder being a bed wetter living out his insecurities hahaha. just breezed over it in the same tone as the rest of the speech. hudson rules
@lynnez8352
@lynnez8352 3 жыл бұрын
Michael Hudson is married to a psychotherapist - might have something to do with it.
@sandrosilva1798
@sandrosilva1798 Жыл бұрын
Interesting to see Plutocracy, Cleptocracy and Kakistocracy are fairly applied to understand Super Imperialism.
@toddmaek5436
@toddmaek5436 2 жыл бұрын
I never understand how all of these types of discussions never include the exploitation of African countries especially during those times. Its like everyone starts the story in the middle
@Bell_plejdo568p
@Bell_plejdo568p 10 ай бұрын
I agree, but mucheal hudson did talk about it
@tyn6211
@tyn6211 2 жыл бұрын
Feb 2022: 46:30 Michael Hudson called it.
@markrobby7136
@markrobby7136 3 жыл бұрын
You need a podcast Mic, sir!
@leehumphries7696
@leehumphries7696 Ай бұрын
"..The basic principle of American Foregin Policy - no other country can tell us what to do. We can tell other countries what to do, they cannot tell us what to do and we will not join any agreement in which we don't have a veto power which gives us essentially control of the World Bank, the IMF, or the veto power in the United Nations & any international organisation that the United States will join."
@ClassWarMatrix
@ClassWarMatrix Жыл бұрын
Hudson the goat
@SchrodingersCat8813
@SchrodingersCat8813 Жыл бұрын
Fascinating as always! Michael Hudson deserves more attention (I get why of course the mainstream econ community doesn't want that) The insights he has and connections he makes, how he ties econ, politics, Intl Relations its just brilliant. Of course this was done pre Putin's invasion I am curious his thoughts on the impact of the alternative bloc he spoke about. Perhaps the plan has been a bit screwed up but does seem like a China & Russia lead alternative bloc was and is still the plan. China brokered a deal between Saudi Arabia & Iran, does feel like a growing counter bloc is forming
@stephencunningham6557
@stephencunningham6557 3 жыл бұрын
Rome risen, Rome falls
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 3 жыл бұрын
this sounds like the Dulles Brothers' doing
@markrice3019
@markrice3019 3 жыл бұрын
Yes, Brother, Yes!!
@grahammcandrew5614
@grahammcandrew5614 Жыл бұрын
LEST WE FORGET !
@urrywest
@urrywest 2 жыл бұрын
When is the book coming out?
@charleskesner1302
@charleskesner1302 2 жыл бұрын
Thanks for this. US Corporate Media fails us.
@peterweicker77
@peterweicker77 3 жыл бұрын
Listening to this guy stumble through every single effing sentence is a form of torture, but it's worth it. He's not just a brilliant analyst, he was on the spot for much of it. And he has a conscience. As opposed to realpolitik, which is just psychopathy all dressed up as something grand.
@Jay...777
@Jay...777 3 жыл бұрын
I always get the impression that there's so many options at the end of every neuron, it takes a while to choose how deep to go. lol His history of debt is mind-blowing History helps give meaning to the present. It kicked off in Rome over 2000 yrs ago. The oligarch creditors seized control. That's when our system began in the belief that a debt is a debt. The oligarchs have been writing the laws in their favour for a very long time. Citizens United. lol Debt forgiveness was the ancient way to balance and revitalise the economy, the Jubilee. It worker really well. It's quite a mind flip for modern sensibilities. A quick clue I can give you here, is in the fact that debts grow exponentially but the real economy does not. The tension builds until it snaps. The last snap was 2008. Bailing out the bond holders was not what the Babylonians would have done. At Rome's apex, Christ’s first sermon was not, forgive us our sins but forgive us our debts. Let’s get back to the old order when everything was better for everybody. . No wonder they crucified him. Anyway… Book - "and forgive them their debts" by Michael Hudson. Maybe check out his vids on YT. I cant post you the links as the TY algorithm eats them and they never post. YT Search - The Peoples Forum NYC - for one called, the history of debt from antiquity to today, or something like that - easy to find, not many to choose from. Hudson is the guy to listen to - skip the middle bit if you're short on time. Enjoy.
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