Michael Hudson: Why the US has a unique place in the history of imperialism?

  Рет қаралды 103,750

India & Global Left

India & Global Left

Күн бұрын

Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA's ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
He is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.
00:00 Highlight
00:55 Introduction
05:34 World Bank
18:51 US & Europe
21:09 US BOP deficit
32:45 Russia after USSR
50:20 US junk economy
Feel free to connect with us through
twitter @indiagloballeft
mail: indiagloballeft@gmail.com

Пікірлер: 567
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
We are so happy to see intelligent responses that have engaged critically and sincerely with the content. As much as we believe that numbers are not everything, it would still help us to have more subscribers. Can we make a request to those of you who liked our content to subscribe, so that we stay connected, besides reaching out to more people?
@up-rh8nf
@up-rh8nf Жыл бұрын
To learn how to listen carefully
@Fredmayve
@Fredmayve Жыл бұрын
Just subscribed, thanks.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
@@Fredmayve Thank you. Love & solidarity, IGL!
@johnnash1491
@johnnash1491 Жыл бұрын
subscribed, thoughtful channel.
@josephjones5070
@josephjones5070 Жыл бұрын
This kook doesn't mention the coordinated actions of central banks around the world. Wut?
@dimitry123pavlov4
@dimitry123pavlov4 Жыл бұрын
Many people are missing good quality content by not seeing this. No bullshit, no sensationalism, just information. Host- you understand politics and economics much better than my teachers. Also, as leftist, you don't have the dogmatism of many. This channel is so refreshing.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Dimitry you are very kind and generous. Thanks a lot for this.
@jeffbain6817
@jeffbain6817 Жыл бұрын
@@IndiaGlobalLeft I like your channel and I like Hudson when he keeps to economics but seriously some of his theories border on the conspiratorial and proof of evidence should have been asked for. The reasoning for his praise of the gangster capitalist and imperialist Putin seems only to be that the enemy of my enemy is my friend. Likewise just how influential were the fascists in the Ukraine coup because someone flew a nazi flag. By that standard a whole bunch of countries would be considered fascists. Speculate all you want but don't abandon reason ffs
@marcusaurelius5149
@marcusaurelius5149 Жыл бұрын
This is utter nonsense. Do you know why? Because Kanye could criticize the military and not lose his bank account.
@gnice8765
@gnice8765 Жыл бұрын
Pie in the sky economics
@jazminew38
@jazminew38 Жыл бұрын
@@marcusaurelius5149 Kenye has been deplatformed just like many doctors and scientists as well as journalists and players like Kerri
@kamilla1960
@kamilla1960 Жыл бұрын
Continued good health to Michael Hudson! Our world needs him.
@jamshedsethna3428
@jamshedsethna3428 Жыл бұрын
Professor Michael Hudson explains all the geopolitical dramas going on today. He was at the heart US economic power and how US has had a free lunch by world domination and how the petro dollar, Tressury Bonds IOU'S and arms sales has provided this free lunch at the cost to the whole world of wars and hunger.
@johnweerasinghe4139
@johnweerasinghe4139 Жыл бұрын
Not to mention to its own middle class
@madeleineswords704
@madeleineswords704 Жыл бұрын
He did! Book....."killing the host"
@yaoliang1580
@yaoliang1580 Жыл бұрын
The US also shares some of the spoils from its plunder with its G7 n nato allies, which is why they r die hard worshipers of US imperialism
@bellakrinkle9381
@bellakrinkle9381 Жыл бұрын
Middle class? Instead, those addicted to MSM. We call them Sheeple; they know not how to think for themselves.
@aoeu256
@aoeu256 Жыл бұрын
@@madeleineswords704 Michael Hudson, Noam Chomksy (Democracy Now), Chris Hedges, Varoufakis, Jeffrey Sachs, Richard Wolf, John Mearsheimer, etc... all have similar views [well I'm not smart enough to know the differences at face value]. I would like to see a debate between these guys and libertarians and mainstream pro-war liberals.
@allonesame6467
@allonesame6467 Жыл бұрын
Control the food. Control the people
@tuckerbugeater
@tuckerbugeater Жыл бұрын
who's controlling the food? The Rockefeller foundation more than tripled the output of grains in countries like India and Mexico in the 60s. At the same time they were writing a seminal report on overpopulation. At the same time abortion and birth control became legal. The first world voluntarily controlled it's population growth while developing nations rejected control for the most part.
@Gigika313
@Gigika313 Жыл бұрын
Yup same thing with land
@Nine-Signs
@Nine-Signs Жыл бұрын
@@tuckerbugeater For a moment there I thought you were trying to dispel conspiracy bullshit, then you peddled some. "The first world voluntarily controlled it's population growth while developing nations rejected control for the most part" ^ Yes, we did that by getting richer, not by planning, and we got richer by raping the rest of the fucking world keeping myriad nations under an economic boot while we paid a given piss poor nation's kids a peanut a day to extract that piss poor nation's resources for us, as the poorer you are as a family unit, the larger the family tends to be due to joblessness of parents requiring both parents and kids to work in the black economy, and high rates of infant mortality. We are all profiteers of child and slave Labor. Economically secure stable families from wealthier nations on average have less kids due to secure incomes and low infant mortality along with reasonably well funded healthcare & education, till you get to the very rich then they fire them out like a scattergun and pay for many nannies to do the work which is why Elon Musk for one example has getting on for a dozen kids and to date I am not aware that he gives the slightest shit about any of them.
@nobodynowhere21
@nobodynowhere21 Жыл бұрын
Exactly. It's checkmate. We lose. We're going 1984 first, then Brave New World permanent underclass after that.
@aand7043
@aand7043 Жыл бұрын
Chilling like a villain good morning 🌞 from Canada
@merfymac
@merfymac Жыл бұрын
Hudson is brilliant. Great guest
@dinopanteloukas6868
@dinopanteloukas6868 Жыл бұрын
Professor Hudson is a worldwide treasure. Great interview. Subscribed. Greetings from NY
@flipshod
@flipshod Жыл бұрын
Same. Greetings from Georgia (the US state)!
@ireneyacyna6425
@ireneyacyna6425 Жыл бұрын
Thank you Professor for being so clear. Greetings from France. Subscribed.
@minniewipster8130
@minniewipster8130 Жыл бұрын
I had heard bits and pieces of what happened to the USSR in the 1990s and now Michael Hudson has put it all together. Thank you.
@ZvezdaIskra
@ZvezdaIskra Жыл бұрын
I lived it and only in hindsight understood it
@minniewipster8130
@minniewipster8130 Жыл бұрын
@@ZvezdaIskra It was a terrible time. I remember reading about the increased disease rate because of the lack of vaccines, etc and the economic hardships. My hat is off to you.
@minniewipster8130
@minniewipster8130 Жыл бұрын
@@ZvezdaIskra This series might be of interest to you. kzfaq.info/sun/PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL
@johnweerasinghe4139
@johnweerasinghe4139 Жыл бұрын
Now we know Putin suddenly became a " ad " guy. All he did was to protect his own country and couldn't be bought over like a Latin American 3rd world Dictator because Putin had pride in his Russian history
@987654321mnbv
@987654321mnbv Жыл бұрын
@@minniewipster8130 Vaccines were widely available in Russia even in the 1990s. Mortality rose due to crashing living standards (a lot of people ate bread, potatoes and pickles from their garden plots 10 months a year with no money to buy meat, fresh vegetables or any other healthy food), medical care for adults literally ceased to exist (hospitals had no bandages, syringes, or any medications to treat even the simplest illnesses), and adults experienced tremendous stress due to inability to feed their children (millions of people lost jobs or were not paid salaries for months and years). Basically, from an industrialized society people were thrown into Medieval times when you have to grow your own food to survive, and at the same time work for free at your regular job to provide a glimpse of hope for your children and keep educational system, transportation, energy supply, and other basics of city life running. It was an exceptionally stressful time, a lot of people committed suicides, many began drinking and doing drugs, many just gave up and died from heart attacks at the age of 40.
@robertdoig1342
@robertdoig1342 Жыл бұрын
Reminds me of “Economic Hitman” by John Perkins. Excellently interview!
@sonnyvanngo3950
@sonnyvanngo3950 Жыл бұрын
Excellent book
@SofaKingShit
@SofaKingShit Жыл бұрын
I always have to listen to every Hudson video twice. There's no way for me to be able to absorb it all on the first listen because I'm always knocked down by the previous insights in an endless game of catch up. Maybe l have simply have to buy one of his books lol.
@madeleineswords704
@madeleineswords704 Жыл бұрын
Yes! Me too!
@bellakrinkle9381
@bellakrinkle9381 Жыл бұрын
Same here. Hudson is deep.
@tombradburn3935
@tombradburn3935 Жыл бұрын
Buy his books and thus support him financially
@fongponto
@fongponto 5 ай бұрын
So important to re-watch stuff
@dayveda3736
@dayveda3736 Жыл бұрын
I have all of Michael Hudsons books….He alone raised my understanding 1000%. Exceptional interview. Thank you.
@gnice8765
@gnice8765 Жыл бұрын
Unfortunately you picked someone who sells only lies about the future by telling you truths of the past
@abe8435
@abe8435 Жыл бұрын
@@gnice8765 You cannot tell lies about the future. You can make predictions. Professor Hudson explains his reasoning and relies on cogent facts to do so, which makes him persuasive. You make vague and insulting assertions which don’t make logical sense. This is not persuasive in the slightest.
@jjbwoy
@jjbwoy Жыл бұрын
@@gnice8765 🤡
@gnice8765
@gnice8765 Жыл бұрын
@@jjbwoy yes Micheal is a 🤡
@gnice8765
@gnice8765 Жыл бұрын
@@abe8435 he's not making predictions at all. He's constantly imposing what he wants to happen as what is going to happen
@billesommer4636
@billesommer4636 Жыл бұрын
Honest and straight up speaker Mr. Hudson!! No bs here! Thanx!!😎👍
@rochelleglickman8162
@rochelleglickman8162 Жыл бұрын
Always good to hear Michael Hudson.
@pravatkumartripathy8093
@pravatkumartripathy8093 Жыл бұрын
Michael Hudson is brilliant. He has been straightforward in analysis.
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 Жыл бұрын
sounds like he didn't have a bed wetting problem either!
@williamwoodward280
@williamwoodward280 Жыл бұрын
This was an incredible show. Mr. Hudson may be the greatest real economist in recent history. Further, his background in historical studies gives him further gravitas. Thanks so much for a wonderful broadcast. Now that I have discovered your channel, I have subscribed and look forward to more marvellous content. God Bless from South Africa.
@gnice8765
@gnice8765 Жыл бұрын
Except his entire theory rest on the shoulders of marx. Go ask Warren mosler for a modern version is known as mmt. Read some hans hoppe, rothbard or mises become ground in facts my friend
@madeleineswords704
@madeleineswords704 Жыл бұрын
G nice ...is that a putdown? Eh..."my friend"? I think not.
@zemm9003
@zemm9003 Жыл бұрын
@@gnice8765 he uses the definition of surplus given by Marx. This is a sound concept. Marx's point is that the surplus belongs to the workers. You don't have to agree with this point or even like it to use the concepts in your theories. I don't think you understand what he is talking about very well if you think his references to Marx are in any way a problem for what follows.
@AnneliedeWet
@AnneliedeWet Жыл бұрын
🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦
@AnneliedeWet
@AnneliedeWet Жыл бұрын
@@zemm9003 Nailed it.
@Bisquick
@Bisquick Жыл бұрын
This is so informative, making sense of an otherwise senseless world. Reminded of Michael Parenti, an excerpt from his piece Mystery: How Wealth Creates Poverty, which highlights this very same dynamic under the auspices of global US empire and its "full spectrum domination": _"In their perpetual confusion, some liberal critics conclude that foreign aid and IMF and World Bank structural adjustments “do not work”; the end result is less self-sufficiency and more poverty for the recipient nations, they point out. Why then do the rich member states continue to fund the IMF and World Bank? Are their leaders just less intelligent than the critics who keep pointing out to them that their policies are having the opposite effect?_ _No, it is the critics who are stupid not the western leaders and investors who own so much of the world and enjoy such immense wealth and success. They pursue their aid and foreign loan programs because such programs do work. The question is, work for whom? Cui bono?_ _The purpose behind their investments, loans, and aid programs is not to uplift the masses in other countries. That is certainly not the business they are in. The purpose is to serve the interests of global capital accumulation, to take over the lands and local economies of Third World peoples, monopolize their markets, depress their wages, indenture their labor with enormous debts, privatize their public service sector, and prevent these nations from emerging as trade competitors by not allowing them a normal development._ _In these respects, investments, foreign loans, and structural adjustments work very well indeed._ _The real mystery is: why do some people find such an analysis to be so improbable, a “conspiratorial” imagining? Why are they skeptical that U.S. rulers knowingly and deliberately pursue such ruthless policies (suppress wages, rollback environmental protections, eliminate the public sector, cut human services) in the Third World? These rulers are pursuing much the same policies right here in our own country!_ _Isn’t it time that liberal critics stop thinking that the people who own so much of the world---and want to own it all---are “incompetent” or “misguided” or “failing to see the unintended consequences of their policies”? You are not being very smart when you think your enemies are not as smart as you. They know where their interests lie, and so should we."_
@masthan001
@masthan001 Жыл бұрын
kudos bro, for bringing in Dr. Michael Hudson to the Indian audience.
@seanpercival8897
@seanpercival8897 Жыл бұрын
Thank you for this wonderful interview. I greatly appreciate your work. The truth will set you free. Cheers from England.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Thanks a lot Sean, Hope we stay in touch! Much love, IGL
@lenuvian
@lenuvian Жыл бұрын
An economist who isn't full of shit. What a treasure! Very telling that he never studied economics haha. If you buy into the official version you seemingly become blind to the actual world.
@drakekoefoed1642
@drakekoefoed1642 Жыл бұрын
this is one of the best videos by one of the best economists. richard wolff is another.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
@@drakekoefoed1642 Hi Drake, we have had an amazing show with Richard at IGL too. You may like to check out.
@AudioPervert1
@AudioPervert1 Жыл бұрын
On that note - most economists are divorced (or in denial of) of nature. Divorced, separated from the ecosystem. However that posture has failed (very gladly)
@Nine-Signs
@Nine-Signs Жыл бұрын
Richard Wolff Yanis Varoufakis Mark Blyth Michael Hudson ^ 4 economists you can reply on to not bullshit you, and to call out bullshit, by actually calling it bullshit. x.
@HelloThere-xx1ct
@HelloThere-xx1ct Жыл бұрын
Lol an “economist” who doesn’t believe in markets
@Revel136
@Revel136 Жыл бұрын
Brilliant and correct in his revelations about the banking industry. Professor Hudson one of the greatest teachers and truth tellers. Thanks for having him on.
@gnice8765
@gnice8765 Жыл бұрын
Hudson is a socialist quack. I assume you're as delusional as he is?
@gailclough1665
@gailclough1665 Жыл бұрын
Can't get enough of Michael Hudson
@carolisaac5459
@carolisaac5459 Жыл бұрын
Exactly! I just can't explain him without feeling I must look wild-eyed.
@GlobalDrifter1000
@GlobalDrifter1000 Жыл бұрын
Gay?
@yaoliang1580
@yaoliang1580 Жыл бұрын
His exposure of the tools n measures used by the US to maintain its world dominance is rather shocking but precise.
@thomasvogelsinger4007
@thomasvogelsinger4007 Жыл бұрын
Hudson is over 83 year old and still is very energetic as a young buck
@carolisaac5459
@carolisaac5459 Жыл бұрын
Most "young bucks" are no comparison including in his field. Age has not meant anything to his intellect except give him more time to get more informed.
@margaretgoodheart4167
@margaretgoodheart4167 Жыл бұрын
Cannot get enough Michael Hudson; there is so much to absorb in his discussions! The moderator is very well informed and respectful. The slate of guests looks interesting....have suscribed.
@lisasmith1850
@lisasmith1850 Жыл бұрын
Oh man, does it get better than this. Great podcast. Thank you.
@fazilm1
@fazilm1 Жыл бұрын
No wonder the Americans want to lock away Julian Assange forever...
@SagittarianArrows
@SagittarianArrows Жыл бұрын
And ANY or ALL journalist for exposing their crimes!
@lrwsf1
@lrwsf1 4 ай бұрын
While they cry about Navalny. Pure hypocrisy
@evangel1737
@evangel1737 Жыл бұрын
It was a pleasure listening to this as it shed light on so many things kept in the dark. Michael helped me connect the dots in truth. I truly appreciate you having him as a guest. As things continue I hope you’ll have him on again. I thought it so good; I’m about to listen again Thanks again ❤😊
@PonyTrotsky
@PonyTrotsky Жыл бұрын
This is a great channel with wonderful guests. 👍 It deserves many, many more viewers!
@gnice8765
@gnice8765 Жыл бұрын
Trotting to the bread lines if you support communism.
@AnandKumar-hs2nd
@AnandKumar-hs2nd Жыл бұрын
Thank you Comrade. Best place to get these interviewed on the internet rn
@AnandKumar-hs2nd
@AnandKumar-hs2nd Жыл бұрын
I hope this channel grows to so many more people to see
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Means a lot Anand. Very glad to be in touch!
@Gigika313
@Gigika313 Жыл бұрын
This is a comrade channel?..subscribe 😊
@user-jd2fe1pu4w
@user-jd2fe1pu4w 12 күн бұрын
Thank you for your professional analysis, but I came to the same original conclusions as a 24 year old infantry soldier in 1968. One day as I crouched and shuddered through a fire mission of exploding 105 rounds, I heard a "Lifer" sergeant commenting to another "Lifer" that every time one of those shells whistled over head it represented the cost of a brand new Cadillac. In those days, a new Cadillac cost between $8,000 and $10,000 and when one calculated the capital costs of a 105 field piece and it's crew along with the logistical and training, maintenance, transportation etc of firing a 105 field piece, supposedly cost the same. Well the implications were staggering and to my mind clearly unsustainable. I didn't have any ability to research the accuracy of that statement at the time, but it was clear to me even then, that the war represented a significant, tremendous, if not exorbitant expenditure. I tried to extrapolate and conceptualize the enormity of it, spread out as it was over the ten years of our involvement. I then went home to wittiness the inflation of the 70's but where you Marxists always go wrong is in failing to understand the historical context. What you are saying is true, but don't conflate the historical phenomena with your own hobby horse of economic correlation with causation. Imperialism isn't why we were in Korea or Vietnam. Communist expansion and military aggression was thought to be a insidious and clear, overt threat and especially after the experience of WW2. Let's regain some perspective. I don't necessarily have any argument with your Marxism, but you musn't let it block out the sun as it were.
@juliettedemaso7588
@juliettedemaso7588 Жыл бұрын
The US is agitating in Korea again now too, same thing, except it’s also going after arts and culture (youth) too. Divide and conquer, turn people into a deadly rivalrous binary opposition and set them against one another, and keep fracturing humans on increasingly arbitrary and abstracted lines, (nationalism, race, etc) into smaller and smaller groups, none based on material need or reality.
@Bell_plejdo568p
@Bell_plejdo568p 10 ай бұрын
How exactly are they dividing them through gender wars
@Juan-ud3if
@Juan-ud3if Жыл бұрын
God bless all truth teller's 🙏🙏🙏🙏🙏
@anubhaanushree536
@anubhaanushree536 Жыл бұрын
I liked the questions, thoughtful interview!
@yxyxs
@yxyxs Жыл бұрын
We love Hudson! Great interview!
@nerowolf6623
@nerowolf6623 Жыл бұрын
This information should be on mainstream news. Thank you.
@fgb3126
@fgb3126 Жыл бұрын
Ha! Good luck with that!
@yaoliang1580
@yaoliang1580 5 ай бұрын
Aren't you aware that your msm doesn't want you to khow the truth
@stenyethanmathews945
@stenyethanmathews945 Жыл бұрын
Fascinating discussion
@rudrajeet814
@rudrajeet814 Жыл бұрын
I'm an Indian right winger But do understand the perspective of prof micheal Hudson I've been telling my fellow right wingers and left wingers friends about debt ridden system of finance capitalism . To my horror I realised people( both left and right) don't even understand anything about stock buy backs and the loot carried out by finance capitalism in the name of privatisation.. Thank you for the enlightening discussion Great work brother.. I don't care be it right or left But we have to protect our public utilities for good from being taken over by monopolies
@bhaswatip93
@bhaswatip93 Жыл бұрын
its a Right wing agenda only to give monopoly of power to big corporates, shifting power from public.
@rudrajeet814
@rudrajeet814 Жыл бұрын
@@bhaswatip93indian right wing most of them don't have any agenda except creating value for example rightwingers like adam smith Its liberal and neo liberals who want that shit liberalism is the ultimate form of slavery
@user-xb6fl9ri6g
@user-xb6fl9ri6g Жыл бұрын
Oh my God, he admit it! Right wing ideology is absolute garbage m8, enjoy that boot though, yum yum.
@rudrajeet814
@rudrajeet814 Жыл бұрын
@@user-xb6fl9ri6g right wing industrial capitalism is actually good for a pre industrial society.. And marx predicted industrial capitalism will eventually go in to socialism as society becomes more self sufficient and sophisticated.. Don't talk like a neo liberal like "Who doesn't follow my ideology is garbage " As a rightwinger what i hate is this tendency to get financialized and get into financial feudalism once again .. Indian socialism was actually feudalism which has many rentier classes like Gundas Corrupt police Feudal lords We have to free our economy from these people first.. Nehru basically did was expand the number of feudal lords and named that socialism read about coal and iron ore mafia during nehru's era that's not socialism its feudalism
@Gigika313
@Gigika313 Жыл бұрын
@@rudrajeet814 yes but capitalism has way too long out grown it self to where it’s no longer useful in the industrial sense
@lcotee
@lcotee Жыл бұрын
This was so good I downloaded it and have already listened twice. So thankful for people like you all!
@Octoberfurst
@Octoberfurst Жыл бұрын
Just found your channel and subscribed. Great content!
@rudrajeet814
@rudrajeet814 Жыл бұрын
Being from an engineering background.. In early 2000s IT companies used give a salary of 25000 rupees/month Now in 2022 its barely 30,000 per month.. Its literally a loot they have been underpaying Engineers over 20 years PS : I'm one of the engineering student at Jadavpur university (one of top 15 engineering schools in India)
@AndrewCharnley
@AndrewCharnley Жыл бұрын
URGENT and IMPORTANT NOTE: In Hinduism, the right-facing symbol (clockwise) (卐) is called swastika, symbolising surya ("sun"), prosperity and good luck, while the left-facing symbol (counter-clockwise) (卍) is called sauwastika, symbolising night or tantric aspects of Kali. The German NAZI fascist government took the Hindi sign for its purposes of so called purity...
@BharatkaEkBeta
@BharatkaEkBeta Жыл бұрын
@@AndrewCharnley Actually the Swastika is not the Nazi emblem. The German Nazi insignia is actually called the Haken Kreuz, literally Hooked Cross. There was an editor at The NY Times that started calling it the Swastika right before the end of WWII and it has stuck ever since. By not associating the crimes of the Nazis with Christianity was one of the main reasons for this deliberate obfuscation. There is an excellent KZfaq documentary on this subject from ATAK called “The Silence of the Swastika”
@nettynoohawk200
@nettynoohawk200 Жыл бұрын
@@BharatkaEkBeta Thank you, I learned something new today, I will definitely give that YT post a watch.
@madeleineswords704
@madeleineswords704 Жыл бұрын
Wages stagnant since 70's when they went off the gold standard, PLUS now....ALL risk and ALL cost bumped into worker...ALL PROFIT up to the one percent...now he is working three jobs, she is also working, and still can't make the rent.
@yaoliang1580
@yaoliang1580 Жыл бұрын
Which is why most of the best talents went to the US
@dsm5d723
@dsm5d723 Жыл бұрын
Excellent discussion. I think more people are starting to realize that Left and Right are secondary to the Iron Law of Oligarchy, which can also be stated as the Corruption Problem, the concentration of wealth and power into progressively fewer and fewer hands. Only now that the GAE is nearing the end of its dominance are more and more Americans asking the question: "Are we the baddies"? The answer is YES, and has been since the end of WWII at least.
@csleuthone6385
@csleuthone6385 Жыл бұрын
Always glad to hear Dr Hudson. He's always got good stories!
@ivanwalker3391
@ivanwalker3391 Жыл бұрын
Michael, you are an extremely patient man. Oh! and brilliant too.
@salmanzafar86
@salmanzafar86 Жыл бұрын
Amazing Micheal Hudson
@liisaeskelinen1909
@liisaeskelinen1909 5 ай бұрын
Intresting conversation, thank you!
@IndiaGlobalLeft
@IndiaGlobalLeft 4 ай бұрын
Thank you. This is helpful.
@SagittarianArrows
@SagittarianArrows Жыл бұрын
Thank you for a fabulous interview. Bless you both for exposing the corrupted. The depth of evil is profound. The misery on earth since 1950s when gold was taken off the standard. Watching from Sydney, Australia
@ericrobinson7184
@ericrobinson7184 Жыл бұрын
The amount of ground Hud can cover is stunning...another master piece!
@HaraldinChina
@HaraldinChina Жыл бұрын
great channel. Just happened to get it recommended by YT. Excellent discussion with an excellent guest.
@maxsweetman6341
@maxsweetman6341 Жыл бұрын
Michael you are my hero
@malayerba71
@malayerba71 Жыл бұрын
Just discovered this channel, excellent interviews and content, and of course, I'm already subscribed, greetings from Colombia..!!
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Thanks a lot. Look forward to stay in touch, Greetings from IGL.
@lupemerrit
@lupemerrit 9 ай бұрын
Mr. Hudson deserves the Nobel Prize.
@PNNYRFACE
@PNNYRFACE Жыл бұрын
Subscribed. Good hosting and great guest
@Nine-Signs
@Nine-Signs Жыл бұрын
Thank you all. x.
@chema_lopez
@chema_lopez Жыл бұрын
thanks for the video
@johnnash1491
@johnnash1491 Жыл бұрын
Brilliant interview, thanks
@madeleineswords704
@madeleineswords704 Жыл бұрын
WOW! Isn't Michael Hudson just amazing! 💓
@margaretliu3409
@margaretliu3409 Жыл бұрын
Professor Hudson!!!! 👍👍👍👏👏👏👏👏✌️✌️✌️✌️💪💪💪💪😍😍😍😍💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝
@loveminxxx
@loveminxxx Жыл бұрын
Fabulous interview. Just subbed.
@vusimdudu9033
@vusimdudu9033 Жыл бұрын
Just found this channel and it's great. Just subscribed. Keep up the good work. BTW what a brilliant guest.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Hello, welcome to the channel, and thank you for watching the video. We have a request for all our viewers. We have noticed that 80% of our viewers have not subscribed to our channel. Please subscribe to the channel, like, and share.
@DanielJackson42
@DanielJackson42 Жыл бұрын
Wow youtube recommended something good. Congratulations you broke the algorithm
@mcdufflives2719
@mcdufflives2719 Жыл бұрын
Excellent interview!
@tinzincz2332
@tinzincz2332 Жыл бұрын
Thank you Michael.
@yadrog.4405
@yadrog.4405 Жыл бұрын
Great conversation! Thanks
@ramasamyanand7346
@ramasamyanand7346 Жыл бұрын
Very enlightening.Thank you sirs.
@carlwatts1230
@carlwatts1230 Жыл бұрын
Jeffrey Sachs probably would have a few things to say on this topic also
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Great suggestion. Would get in touch with Jeffery. Thanks for connecting. Hope we stay in touch.
@StreetzCultureTV
@StreetzCultureTV Жыл бұрын
This is actually a great interview
@mnjraman
@mnjraman 4 ай бұрын
How did Professor Michael Hudson survive for so long at a Southern University,leave alone the Country as a whole. I salute him for his courage!
@EvolutionWendy
@EvolutionWendy Жыл бұрын
My deceased father bless his heart, he and his fascist alarmism, was correct, I thought he had delved into Conspiracy Theory with all those books about war and conquest but no... He was simply following the facts and factors.
@mikebacchus721
@mikebacchus721 11 ай бұрын
i always follow professor Michael Hudson lecture on history Politics Wars Money matters World wide. thanks from Canada for having him on.
@ritawatermann1327
@ritawatermann1327 Жыл бұрын
Incredible interview. Thank-you! Watching from Canada. 🇨🇦
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Thanks for listening. Let's stay in touch.
@johnsalem7765
@johnsalem7765 Жыл бұрын
Please know that the citizens of the US, had no idea what it’s government was doing. Lots of eyes are getting opened watching the Ukraine war.
@lisacollins3304
@lisacollins3304 Жыл бұрын
Agreed. Michael Hudson is very special.
@lady-bug939
@lady-bug939 Жыл бұрын
This was an excellent video. Finally got to hear Michael Hudson's view on Ukraine crisis.
@chrisyates2591
@chrisyates2591 Жыл бұрын
Thank you for explaining this global picture.
@ayohilary7744
@ayohilary7744 Жыл бұрын
Excellent presentation by Mr. Hudson, insightful questions from the host.
@sumandasgupta6179
@sumandasgupta6179 Жыл бұрын
Wonderful interview and Michael Hudson is always great to listen; and the interviewer must be credited for asking very nice questions.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Thanks Suman. Glad that you liked the show. We have amazing guests lined up. Stay in touch and subscribe to stay connected. Solidarity.
@ratnabahadurgurung9850
@ratnabahadurgurung9850 Жыл бұрын
Nice presentation,
@Jamie9Z2
@Jamie9Z2 Жыл бұрын
Excellent! Thank you!
@jamesmcelhinney4355
@jamesmcelhinney4355 Жыл бұрын
Ive just made three pages of notes on this which ill be going over a number of times. The man is a legend
@thyseguye7458
@thyseguye7458 Жыл бұрын
Always a great insight, thank Michael.
@BallyBoy95
@BallyBoy95 Жыл бұрын
You should upload these podcasts onto Google Podcasts or somewhere else, so I can listen to these whilst driving. Thanks.
@massivecumshot
@massivecumshot Жыл бұрын
Brilliant guest. Subbed.
@RobertojavierSilvaharth-ub3pz
@RobertojavierSilvaharth-ub3pz 4 ай бұрын
At college in Alva, Oklahoma, I study Economics and Money and Banking, both freshman courses, but they opened up my mind to the realities of fractional reserve and fiat currencies. This is the second half of the 70's, the oil embargo years and the decoupling of the dollar from gold. My biggest realization was that money was paper, that it cost pennies to print, whether it was one dollar bill or a hundred dollars bill, and the only thing that differentiated the dollar from the peso was the productivity of the economy and the ability to tax the population. After that it was easy to understand that living at the lowest tax bracket without lacking any of the basic requierements for a good life, without luxuries and banalities, gave me the benefit of my time in the best years of my life, as oposed to buying everything my heart wanted, on credit, and living under the motto: I owe, I owe, so off to work I go! I have never had a vacation in my life; I have never needed one!!
@Gigika313
@Gigika313 Жыл бұрын
Hudson based ❤
@pwcrabb5766
@pwcrabb5766 Жыл бұрын
Astounding assertions from the parallel
@rcf1878
@rcf1878 Жыл бұрын
This Man Hudson is A Great Speaker Thank You💯True
@yolandagarzabirdwell7188
@yolandagarzabirdwell7188 Жыл бұрын
Excelente informacion.
@johnnymentero6313
@johnnymentero6313 Жыл бұрын
Thank you both gentlemen. I learnt something today. To the interviewer: you should interview John Perkins next. It'll add to this interview since his info. aligns perfectly with this one.
@thomasvogelsinger4007
@thomasvogelsinger4007 Жыл бұрын
I love this guy
@evaldasd2907
@evaldasd2907 Жыл бұрын
Bedwetting godamn builder🤣🤣 Spot on😁👍🙏
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 Жыл бұрын
I never thought about how bed wetting could expand so much - now we just need that Russian Drumpf "bed wetting " vid to get released!
@raachel271
@raachel271 5 күн бұрын
hUDSON IS BRILLIANT...THANKS....
@rajapandian8301
@rajapandian8301 Жыл бұрын
Try to invite P Sainath in future, we can get to know about agrarian and food crisis in India. I think he has a book being published on December about freedom fighters.
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Hi Raja, thanks a lot for the suggestion. Sainath is very important for reasons you said. We already have Sainath coming to our show in December. But stay tuned, we have other prolific guests in November as well.
@gilbertmushure4448
@gilbertmushure4448 Жыл бұрын
Very educative.Where do I get the books Mr Hudson wrote here in Zimbabwe Such information would enlighten Africa and assist in strategising economically and politically. The talk is full of wisdom.Thanks
@darylwayne5307
@darylwayne5307 Жыл бұрын
Gloria Nuland and her tribe are not white, otherwise excellent description and summary of the Anglo/American aka British Free trade economic system of the last 250 years. The names and nations change but the plan remains the same.
@Fredmayve
@Fredmayve Жыл бұрын
Her name is Victoria. She's a US Imperialist. Are you anti-semitic ?
@elliekwong3180
@elliekwong3180 Жыл бұрын
@make a wish : There is no real ju in this world. At least, they have not found one yet. Those in Israel are colonizers. Those who identify themselves ju are not pure white. They are mixed with people of color . Their skin tone has a tad of sallow undertone. They tend to tan easily. They got eyes like black folks with curly eyelashes. Oh, they also have curly hair. Their mouth tends to curl upwards from both ends, like an animated frog, like Biden when he emphasizes words. Yes, I think Biden is one of them. Funny, he is married to a woman named Jill, a ju name
@kp6215
@kp6215 Жыл бұрын
Love Michael Hudson he makes his own class since got business with computer in 1984. Original is History then added Economics from Hudson & Wolfe
@user-ty7bt4lx5d
@user-ty7bt4lx5d 5 ай бұрын
Awesome
@adilsalam8518
@adilsalam8518 Жыл бұрын
Great discussion ..!
@szymborska
@szymborska Жыл бұрын
✊✊✊
@IndiaGlobalLeft
@IndiaGlobalLeft Жыл бұрын
Thanks for watching. Stay in touch.
@ivangoran4461
@ivangoran4461 Жыл бұрын
"A section of Law 101-513 suddenly and without previ- ous warning cut off all aid, credits, and loans from the U.S. to Yugoslavia within six months. Conducting trade without credits is virtually impossible in the modem world - especially for an indebted country lacking hard currency. The law also demanded separate elections in each of the six republics that make up Yugoslavia, requiring State Department approval of election procedures and results before aid to the separate republics would be resumed. The legislation further required U.S. per- sonnel in all international financial institutions such as the World Bank and the International Monetary Fund to enforce this cut- off policy for all credits and loans. "
Survival skills: A great idea with duct tape #survival #lifehacks #camping
00:27
Can You Draw A PERFECTLY Dotted Circle?
00:55
Stokes Twins
Рет қаралды 45 МЛН
KINDNESS ALWAYS COME BACK
00:59
dednahype
Рет қаралды 152 МЛН
Michael Hudson - Life and Thought 20180507
1:05:49
Global University for Sustainability
Рет қаралды 97 М.
Russia is Running Out of People
17:47
PolyMatter
Рет қаралды 557 М.
A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
1:36:43
Henry George School of Social Science
Рет қаралды 114 М.
20191120 Michael Hudson - De-Dollarization-Toward the End of the U.S. Monetary Hegemony?
55:46
Global University for Sustainability
Рет қаралды 39 М.
Michael Hudson on Financial Capitalism and Modern Monetary Theory
22:27
International Manifesto Group
Рет қаралды 23 М.
The US Is Antagonizing Russia in Ukraine
9:07
The Nation
Рет қаралды 73 М.
Prof. Prabhat Patnaik on what is new about the current state of capitalism
1:02:54
Can the Conservative party survive defeat? | FT Film
25:04
Financial Times
Рет қаралды 109 М.
Survival skills: A great idea with duct tape #survival #lifehacks #camping
00:27