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?
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 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
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.
@@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.
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.
@@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.
@@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.
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
@@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.
@@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.
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."_
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.
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
@@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.
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.
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.
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.
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)
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.
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.
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 ❤😊
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.
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.
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.
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)
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...
@@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 RUclips documentary on this subject from ATAK called “The Silence of the Swastika”
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.
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
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.
Wow I have learnt a tremendous amount of stuff! I had no idea how the US tried to take over Russia after the collapse of the USSR. Thanks to the highly informed host for this very informative interview. Thanks to the guest for his optimism.
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!!
I love this man. Highly recommend his work "Killing the Host". An extraordinary work, and VERY dangerous to the ruling finacialized entities destroying this world. God Bless Prof. Hudson.
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.
@@ramrao668 Destryong thousands and thousands of square miles of farmland, agricultural habitat, natural diversity, and destroying the livelihood of millions of people in a neighboring country for 1000MW electricity? Are you stupid? You are asking for a war for water that you can't afford but can easily avoid. A nuclear power plant or solar can easily replace 46000MW without destroying thousands and thousands sq miles of agricultural land and killing populations in a distant country.
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.
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.
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
Thank goodness we can still find intelligent, knowlegeable, discussion instead of having to listen to the absolute nonsensical propaganda presented to us on western maintream media.
Very good narration of how US dominated world economy by gold trade and war industry. When they are dominating such a way how the global South could progress. Private sector is dominating within US that the income disparity and govt cannot control or even get a help on emergency.
Also, the demographic situation in each country is completely ignored. The age demographics and the immigration numbers in each country are huge driving factors. How is this not taken into consideration in this discussion?
Just an extra comment here: India may hold the long-term future of the world in its hands, because India is the difference between a dollarized world arranged in a hierarchy with Anglo-Americans at the top, Europeans next, India and China at best serving the needs of white consumers; or a multipolar world with no post-colonial hierarchy. India has been hedging with the white supremacy model since independence. This was understandable, while the country had to develop over a baseline of productivity in the wake of British Raj plundering the subcontinent for centuries. India is above that baseline now. India's ruling class will be offered great riches to subvert India's future to the Anglo-American dollarized world. Will they accept this bargain? History suggests they will. What do you think? Is India's educated middle class brave enough and strong enough and clear-sighted enough to choose a different paradigm?
I think both India’s middle class and it’s poor working class is a lot smarter than you give them credit for. They will stand up for what is best for India’s interests and not what is best for America or Europe. Those days are now over. A Multi Polar world will be the future starting now and will probably extend into the 2030s.
Its called brics. Come back to reality and ask yourself some critical questions regarding taxing away all the rent. Its not hard to see a world that looks like China in the 1940s
Kali as Mother Nature is taking revenge. The arctic ice will soon be gone - in five years - there's a huge methane bo$m%b in the East Siberian Arctic Shelf - that will double global warming. Expect mass drought to keep increasing exponentially. Sorry but White supremacy goes back to the Brahmins "invading" India as DNA science has now proven. The white skin is from lack of vitamin D in wheat farmer diet - and this increased with the power of cattle using wagons and chariots from the pastoral Yamnaya culture (that then invaded India around 1800 BCE bringing the caste system with it). Yes the Brits stole what 48 trillion and spread genocide via their malaraial canals and pushing rice exports, etc. But the problem is much deeper in its root and the results much more disastrous.
My father was an Engineer and likewise I am an Engineer. I learned as an Engineer much like my father and are very wealthy in Houston, as well as in Bangladesh.
Actually there is not one way "the world functions." There's the way the American world functions, which is the Sadistic, exploitative world he describes, and then there is the rest of the world which has rules against CEO salary expansion and banking regulations which prevent disasters like 2008.
@@Jj-gi2uv WION behaves as CNN the last months, and I am worried. 2023 will be critical for India. There must be a choice between The US and the rest of the BRICS...
@@Fredmayve This one: ruclips.net/video/vNhSCF9i8Qs/видео.html Just saw her today for the first time, she has some interestingly new viewpoints. Why, is she known as a British agent? Not that it matters, all of the 5 Eyes are on the same page anyway.
@@lagringa7518 Her CV is self explanatory. Whether formally on a pay roll or not. I've listened to her. What did you hear her say that was of interest? The British - UK relationship reminds me of the praying / preying mantis. The UK, the little male, thinks it's in an alliance, while it's being eaten from the head down by the US , the much bigger female, all while in flagrante delicto.
@@Fredmayve Well the US is willing to sell all our souls to keep the dollar afloat to the point of crushing anyone who dare be a financial threat... there are no longer allies, just sacrificial pawns. But perhaps one needs to look towards the Swiss bankers and Schwab's WEF who have far more nefarious plans for humankind than even the US.
@@lagringa7518 Is that the anti-Semite thing? The thing is that what lies behind the dollar is the US's massive spend on arms and propensity to go to war.
If one group gets something for nothing, issuing IOUs, then some other group, somewhere, has to get nothing for something. That is income taxes, and IOUs traded for young labor who gets IOUs as slave laborers who are not really paid. Are there too many government employees? Are there too many people getting something for nothing like the military, retired people, pensions? Will American pensions be defaulted on by inflation?
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?
To learn how to listen carefully
Just subscribed, thanks.
@@Fredmayve Thank you. Love & solidarity, IGL!
subscribed, thoughtful channel.
This kook doesn't mention the coordinated actions of central banks around the world.
Wut?
Continued good health to Michael Hudson! Our world needs him.
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.
Dimitry you are very kind and generous. Thanks a lot for this.
@@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
This is utter nonsense.
Do you know why? Because Kanye could criticize the military and not lose his bank account.
Pie in the sky economics
@@marcusaurelius5149
Kenye has been deplatformed just like many doctors and scientists as well as journalists and players like Kerri
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.
Not to mention to its own middle class
He did! Book....."killing the host"
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
Middle class? Instead, those addicted to MSM. We call them Sheeple; they know not how to think for themselves.
@@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.
Control the food. Control the people
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.
Yup same thing with land
@@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.
Exactly. It's checkmate. We lose. We're going 1984 first, then Brave New World permanent underclass after that.
Chilling like a villain good morning 🌞 from Canada
Hudson is brilliant. Great guest
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!
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.
I lived it and only in hindsight understood it
@@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.
@@ZvezdaIskra This series might be of interest to you. ruclips.net/p/PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL
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
@@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.
I have all of Michael Hudsons books….He alone raised my understanding 1000%. Exceptional interview. Thank you.
Unfortunately you picked someone who sells only lies about the future by telling you truths of the past
@@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.
@@gnice8765 🤡
@@RoyMunson10 yes Micheal is a 🤡
@@abe8435 he's not making predictions at all. He's constantly imposing what he wants to happen as what is going to happen
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."_
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.
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
G nice ...is that a putdown? Eh..."my friend"? I think not.
@@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.
🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦
@@zemm9003 Nailed it.
Reminds me of “Economic Hitman” by John Perkins. Excellently interview!
Excellent book
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.
Hudson is a socialist quack. I assume you're as delusional as he is?
Michael Hudson is brilliant. He has been straightforward in analysis.
sounds like he didn't have a bed wetting problem either!
Always good to hear Michael Hudson.
Can't get enough of Michael Hudson
Exactly! I just can't explain him without feeling I must look wild-eyed.
Gay?
kudos bro, for bringing in Dr. Michael Hudson to the Indian audience.
Professor Hudson is a worldwide treasure. Great interview. Subscribed. Greetings from NY
Same. Greetings from Georgia (the US state)!
Thank you Professor for being so clear. Greetings from France. Subscribed.
Hudson is over 83 year old and still is very energetic as a young buck
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.
His exposure of the tools n measures used by the US to maintain its world dominance is rather shocking but precise.
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.
this is one of the best videos by one of the best economists. richard wolff is another.
@@drakekoefoed1642 Hi Drake, we have had an amazing show with Richard at IGL too. You may like to check out.
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)
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.
Lol an “economist” who doesn’t believe in markets
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.
God bless all truth teller's 🙏🙏🙏🙏🙏
Oh man, does it get better than this.
Great podcast. Thank you.
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 ❤😊
Amazing Micheal Hudson
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.
How exactly are they dividing them through gender wars
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.
Mr. Hudson deserves the Nobel Prize.
Professor Hudson!!!! 👍👍👍👏👏👏👏👏✌️✌️✌️✌️💪💪💪💪😍😍😍😍💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝💝
Fascinating discussion
Intresting conversation, thank you!
Thank you. This is helpful.
This information should be on mainstream news. Thank you.
Ha! Good luck with that!
Aren't you aware that your msm doesn't want you to khow the truth
We love Hudson! Great interview!
Michael, you are an extremely patient man. Oh! and brilliant too.
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.
Always glad to hear Dr Hudson. He's always got good stories!
Michael you are my hero
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)
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...
@@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 RUclips documentary on this subject from ATAK called “The Silence of the Swastika”
@@BharatkaEkBeta Thank you, I learned something new today, I will definitely give that YT post a watch.
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.
Which is why most of the best talents went to the US
This was so good I downloaded it and have already listened twice. So thankful for people like you all!
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
WOW! Isn't Michael Hudson just amazing! 💓
Agreed. Michael Hudson is very special.
Just found your channel and subscribed. Great content!
This was an excellent video. Finally got to hear Michael Hudson's view on Ukraine crisis.
Thank you all. x.
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.
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.
Wow I have learnt a tremendous amount of stuff! I had no idea how the US tried to take over Russia after the collapse of the USSR.
Thanks to the highly informed host for this very informative interview. Thanks to the guest for his optimism.
Thank you Michael.
Brilliant interview, thanks
great channel. Just happened to get it recommended by YT. Excellent discussion with an excellent guest.
Just discovered this channel, excellent interviews and content, and of course, I'm already subscribed, greetings from Colombia..!!
Thanks a lot. Look forward to stay in touch, Greetings from IGL.
Excellent presentation by Mr. Hudson, insightful questions from the host.
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!!
Hudson based ❤
Excellent interview
hUDSON IS BRILLIANT...THANKS....
Wow youtube recommended something good. Congratulations you broke the algorithm
Thank you for explaining this global picture.
Astounding assertions from the parallel
This is actually a great interview
Good for you for telling the world what is going on because I don’t think the Americans really know how bad America is.
I love this guy
thanks for the video
Incredible interview. Thank-you! Watching from Canada. 🇨🇦
Thanks for listening. Let's stay in touch.
This Man Hudson is A Great Speaker Thank You💯True
Nice presentation,
Great discussion ..!
This man is just pure knowledge.
Great conversation! Thanks
Awesome
I love this man. Highly recommend his work "Killing the Host". An extraordinary work, and VERY dangerous to the ruling finacialized entities destroying this world. God Bless Prof. Hudson.
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.
Bedwetting godamn builder🤣🤣
Spot on😁👍🙏
I never thought about how bed wetting could expand so much - now we just need that Russian Drumpf "bed wetting " vid to get released!
16:56 Those hydroelectric dams killed the rivers that once run through Bangladesh.
How awful - & because an engineer had a negative image of himself
they also provide the electricity so that people like you can access and post on the internet
@@ramrao668 Destryong thousands and thousands of square miles of farmland, agricultural habitat, natural diversity, and destroying the livelihood of millions of people in a neighboring country for 1000MW electricity? Are you stupid?
You are asking for a war for water that you can't afford but can easily avoid. A nuclear power plant or solar can easily replace 46000MW without destroying thousands and thousands sq miles of agricultural land and killing populations in a distant country.
Excelente informacion.
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.
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.
Illuminating
Excellent! Thank you!
Just found this channel and it's great. Just subscribed. Keep up the good work. BTW what a brilliant guest.
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
Hudson laying the game down🔥💯🔥
Thank goodness we can still find intelligent, knowlegeable, discussion instead of having to listen to the absolute nonsensical propaganda presented to us on western maintream media.
Why can't this be stopped?
Very good narration of how US dominated world economy by gold trade and war industry. When they are dominating such a way how the global South could progress. Private sector is dominating within US that the income disparity and govt cannot control or even get a help on emergency.
You should upload these podcasts onto Google Podcasts or somewhere else, so I can listen to these whilst driving. Thanks.
Also, the demographic situation in each country is completely ignored. The age demographics and the immigration numbers in each country are huge driving factors.
How is this not taken into consideration in this discussion?
Tell them the trueth.
WOW
Just an extra comment here:
India may hold the long-term future of the world in its hands, because India is the difference between a dollarized world arranged in a hierarchy with Anglo-Americans at the top, Europeans next, India and China at best serving the needs of white consumers; or a multipolar world with no post-colonial hierarchy.
India has been hedging with the white supremacy model since independence. This was understandable, while the country had to develop over a baseline of productivity in the wake of British Raj plundering the subcontinent for centuries. India is above that baseline now.
India's ruling class will be offered great riches to subvert India's future to the Anglo-American dollarized world. Will they accept this bargain? History suggests they will.
What do you think? Is India's educated middle class brave enough and strong enough and clear-sighted enough to choose a different paradigm?
I think both India’s middle class and it’s poor working class is a lot smarter than you give them credit for. They will stand up for what is best for India’s interests and not what is best for America or Europe. Those days are now over. A Multi Polar world will be the future starting now and will probably extend into the 2030s.
Its called brics. Come back to reality and ask yourself some critical questions regarding taxing away all the rent. Its not hard to see a world that looks like China in the 1940s
Kali as Mother Nature is taking revenge. The arctic ice will soon be gone - in five years - there's a huge methane bo$m%b in the East Siberian Arctic Shelf - that will double global warming. Expect mass drought to keep increasing exponentially. Sorry but White supremacy goes back to the Brahmins "invading" India as DNA science has now proven. The white skin is from lack of vitamin D in wheat farmer diet - and this increased with the power of cattle using wagons and chariots from the pastoral Yamnaya culture (that then invaded India around 1800 BCE bringing the caste system with it). Yes the Brits stole what 48 trillion and spread genocide via their malaraial canals and pushing rice exports, etc. But the problem is much deeper in its root and the results much more disastrous.
@@voidisyinyangvoidisyinyang885 this has been said so many times its actually humorous.
@@voidisyinyangvoidisyinyang885 ruclips.net/video/700kKzAAy0A/видео.html
I never knew, how good the world bank for the evil elites was and is.
👍👍
My father was an Engineer and likewise I am an Engineer. I learned as an Engineer much like my father and are very wealthy in Houston, as well as in Bangladesh.
You don't have to be an America hater to see some truth in this discussion
Actually there is not one way "the world functions." There's the way the American world functions, which is the Sadistic, exploitative world he describes, and then there is the rest of the world which has rules against CEO salary expansion and banking regulations which prevent disasters like 2008.
Thank you... I hope India will find a way not to be a victim of the U.S.,
as we Europeans are. Brics are the last chance for the planet.
@@Jj-gi2uv WION behaves as CNN the last months, and I am worried. 2023 will be critical for India. There must be a choice between The US and the rest of the BRICS...
Michael Hudson and Fiona Hill need to get together for a discussion about Russia and the state of neoliberal imperialism.
Fiona Hill the British agent?
@@Fredmayve This one: ruclips.net/video/vNhSCF9i8Qs/видео.html
Just saw her today for the first time, she has some interestingly new viewpoints.
Why, is she known as a British agent? Not that it matters, all of the 5 Eyes are on the same page anyway.
@@lagringa7518 Her CV is self explanatory. Whether formally on a pay roll or not. I've listened to her. What did you hear her say that was of interest? The British - UK relationship reminds me of the praying / preying mantis. The UK, the little male, thinks it's in an alliance, while it's being eaten from the head down by the US , the much bigger female, all while in flagrante delicto.
@@Fredmayve Well the US is willing to sell all our souls to keep the dollar afloat to the point of crushing anyone who dare be a financial threat... there are no longer allies, just sacrificial pawns.
But perhaps one needs to look towards the Swiss bankers and Schwab's WEF who have far more nefarious plans for humankind than even the US.
@@lagringa7518 Is that the anti-Semite thing? The thing is that what lies behind the dollar is the US's massive spend on arms and propensity to go to war.
Doc you summarized what is happening here. I bought large building cranes in 1990 only one problem Geiger counter went 🔥
If one group gets something for nothing, issuing IOUs, then some other group, somewhere, has to get nothing for something. That is income taxes, and IOUs traded for young labor who gets IOUs as slave laborers who are not really paid. Are there too many government employees? Are there too many people getting something for nothing like the military, retired people, pensions? Will American pensions be defaulted on by inflation?