he was born in Minneapolis and his dad was the newspaper editor for the local Teamsters strike that shutdown the city. So his dad got thrown in the federal prison as being - I don't know - treason or communist or something. Yes Michael started out in music training in college - so he goes back to the root cause from ancient civilization. Very excellent research for sure.
This guy is a genius. I'm shocked more people don't know about his work. He's one of the most revolutionary thinkers of our time. Thanks for platforming him!
He’s not revolutionary in the sense of Marx. He’s a Marxist economist for damn good reason! Read CAPITAL 2 and 3 vols What Mike is groundbreaking is in DEBT
How does the saying go? It's hard to learn about something when your job depends on you being ignorant of that something. In this case the true about money credit debt balance of payments and so on
I’m not. 😂 Just substitute the word “USA” for “ROME” in this … 0:20 … provocative little banger of an observation and you can see why maybe the US educational establishment might not take to Hudson’s theories and teach them to the kiddies?
Proud owner of all of Professor Hudson's books, and go back and reread sections every now and then. When looking back at the human species we have not changed chemically since the days of Greece and Rome, and those chemicals drive us. Go BRICS!
I like both of them. Hudson is my fav, but I also like Varoufakis. I read (oops listened) a few of his books, not as much as I listened to Hudson's audiobooks. I can't get any of them up here. Not such books at my local public library. Maybe because it's French...
wolff is a legit fraud, has contributed absolutely nothing to the field of economics and doesn't ever engage in conversation with economists. a left wing jordan peterson
See infrared on kick Neither one of them have a solution but Haz does These 2 are die hard capitalist trotskyites and they will never say the term land reform
Wolf is about the last person I would call honest. You mean the one who tells his gullible audience that China is socialist? And that "the socialist left" won the elections in Germany talking about the German SPD?
Really????? Guess you haven't been paying attention. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Then we have this from Micael Hudson speaking to Wolff directly on "Dialogue Works" in January of this year. ( two 90-minute joint interviews ) Michael Hudson: "Fortunately, I’ve written all about this in my book, Killing the Host. What is Capitalism? What we have today is not the capitalism that we had either When Richard and I went to school or in the 19th century, the kind of capitalism that everyone was talking about in the 19th century, both from Adam Smith and Ricardo through Marx and everyone else, was industrial capitalism. The whole idea was that when they talked about capital, they were talking about industrial capital. They weren’t talking about land or rent, they weren’t talking about monopolies, they weren’t talking about finance. Discussed this in volume two three. But he ( Marx ) said, I don’t have to talk about rent and monopolies in finance. Industrial capitalism is going to get rid of that in order to become a low-cost economy and in order to compete with other economies." Hudson had to repeat a variation of this in the second interview and why what exists is NOT CAPITALISM. Wolff offered no argument or challenge either time but seems to have suffered an immediate memory loss regarding this acknowledgment and went right back to his "It's (undefined ) capitalism's fault," which is downright embarrassing for him and his audience who claim that Hudson and Wolff "are their two favorite economists" which is not possible since their understanding of history and economics is in direct conflict on so many points. Hudson's experience and work in both areas expose Wolff as the "pretender" he is. ( This correction was repeated a third time in July. ) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx This interview also begins with the same explanation again.
Michael Hudson looks great in this interview, so relaxed and vibrant. I love his breakdown that really paints the economy developed by Western civilization as an outlier in the world.
Not mistakes as such just tells us how greedy, nasty and controlling a minority of humans have been and are to the detriment of the people and the planet.
Thank you, Robinson, for this discourse with Professor Michael Hudson. It was especially refreshing to hear him hear him sitting on this patio relaxed speaking with you. One of our best , no doubt. Geinus!!! I have some of his books, but it is amazing to hear him speak as I have been following him for years. With my deepest appreciation and respect to both of you. (Beautiful flowers)
Hudson is such an unassuming guy, yet were his ideas to gain wide currency, revolution would be in the air. I wonder how many people listening to this realize how radical he is.
This is vintage Michael Hudson, a national resource which is priceless, and irreplaceable... and he's doing us such a huge favor by leaving this knowledge to us.
Words. Without people willing to stand up to the direction our supposed "leaders" are taking us (down a long dark corridor), it's no different than any other speech, analysis, video, propaganda, or pamphlet. Words, without action- the very reason the US will be surpassed by the growing strength of the Russian, Chinese, and in general eastern nations because they communicate amongst themselves instead of like the US which dominates. This will have a irreversible and devastating effect on the whole of the US. But few can understand the situation- Which within a few years will be thrown into catastrophe from climate, social, economic, and environmental issues not yet seen in recent years or ever.
@@rdallas81 Absolutely correct. My husband and I are out on the streets of our area every weekend, attempting to get people to discuss the current situation and what to do about it in person, and they all treat us like crazy people. They wave us off, duck their heads down in fear and shame, and either stay silent or state that they don't discuss politics. Even law enforcement and politicians want nothing to do with real action. People are so afraid to speak about anything other than the weather, their vacations, and their profits. How did we reach a point at which openly discussing the state of our nation is taboo? I'm surprised that your comment is even still here.
Ive listened to Michael hudson heaps and there was so much info that he never was able to get around to discussing because of his interviewers interrupting him. Great work on being able to ask the right questions to get all this information out of him
Michael Hudson is the best professor any one could possibly have as your teacher. I have one of his bks, but I'll get whatever he has written. Thank you that you have this wonderful man
I absolutely love listening to Prof. Hudson impart his knowledge. I always learn so much and his way of speaking keeps me spellbound. Thank you for being intelligent enough to see that allowing him to speak freely was the best option in this interview.
One of the Best Gifts You can give Yourself if You don't already understand everything Michael Hudson is saying is to do the work needed for You to understand it. All of the Work Michael Hudson has done, His Honesty and All the Videos He has been in, is a Great Gift from Michael Hudson that You can't put a Value on. It's not just an Education into Real Economic thinking. It's an understanding of the Real Economic System We're living in and it's actually the Real Honest and Truthful Reality that We are All really live in...
I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
I think it's the professionals and those who use their services that are really pulling in the big money right now. There are really advisors that can help you achieve very consistent growth. I have a friend who pulled in more than $94k profit within three months. So you just have to make some research and get one who fits your fin-goal.
The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.
Investing in quality stocks with long-term potential is a good strategy, but it can be challenging for the average person to do this on their own. Keeping up with industry news and earnings can be time-consuming and difficult. That's why it's easier to work with an advisor who can help you make informed decisions and potentially achieve high returns.
The late David Graeber, anthropologist, built upon this work. The idea of academics working together, especially economists listening to other disciplines, is essential for our survival. And very rare.
Mr Hudson has done so much work and research to give us the message we all need to hear but most foolishly will not choose to hear. He is still rocking it. Who knows how long this hero will be with us, Bravo on the interview.
Hudson is so honest and real! What a fresh breeze of air in this world of lies! It’s obvious we could have a planet of peace and happiness but the evil is so real!
Michael Hudson blows my mind…I wonder what can be done to spread this message besides sharing on social media and with friends…is there economic activism?
So, if a few people owed you money- say a few thousand dollars- would you forgive their debt? Exactly. People should pay their debts.. That's what keeps things moving forward.
Wow, just three or four short questions & great listening skills by the host, and the guest lecturing and sharing his sixty plus years of knowledge over the course of ninety minutes!
10 minutes in, this man is getting straight to the point! Very similar to chomsky's critique of neoliberalism so far, from what I can tell, good stuff robinson!
Yes but you seem to forget western education levels are the poorest in the world. The elites have deliberately made the people so thick to keep them in power.its worked for 100yrs and is still working.
Not sure why this guy seems to think it was two guys talking, when really it was basically Michael Hudson talking to himself for an hour and a half. Maybe the most insightful comment you had the entire time was a small laugh at his joke about Freud and sex. Other than that you just asked almost exactly the same questions as you did on one of your previous episodes with him. I really have no idea why he keeps coming on to your show, other than because he must realize you have a remedial understanding of his work and Capital.
It's bad math.Capitalism only works great until you run out of other countries.Money and resources. Unfortunately, as much as he and professor wolf are called communists, neither one of them are
@22:15 Michael replied that he realized that everything that had been taught in college about what money is was from propaganda from the 19th century by the predecessors of Milton Friedman, representatives of the landlord class, the monopoly class, the financial class...
@@kevintewey1157 Marx knew.... Money is a commodity...people seeking to acquire money are capitalists as money is capital. Das Kapital v1 p27, p63, p 104-107 But money is no longer a commodity and hasn't been ( de facto ) since 1934.
Truly an enlightening and eye-opening conversation with @ProfHudson. Thank you @RobinsonErhardt for this talk. Please continue to bring such enlightening topics to the fore to enable us to know the malaise that afflicts us today, and if we don't course-correct then where we are headed as a country and society. Thank you!
@@robinsonerhardt Btw, you're a good host allowing the guest to formulate their entire thought and lay it out from the cause to the effect without interruptions. Thank you and keep it up! 🙏
I’ve been saying this for a long time: if we had a single payer healthcare system we would have a more competitive labor force that has better health and no medical bankruptcies.
Great Hudson!! The greatest honest economist on earth!! Only two of his works have been translated into Italian but that was enough for me to understand who he was!!
War, conflict, and debt are constructs for wealth transfer. Who benefits? Hint - the Bank of England was founded in 1694. Thank you Michael Hudson for your insight, understanding, and objective truthful awareness.
Economist Michael Hudson is a parragon of wisdom. "Wonder leaves enlightened minds, when ignorance no longer blinds." Bk 4: Section V, and Song V: Wonder and Ignorance The Consolation of Philosophy by Anicius Manlius Severinus Boethius (c. 480 - 525) "If Plato's teaching errest not, we learn but that we have forgot." Bk 3: Section XI, and Song XI: Reminiscence The Consolation of Philosophy by Anicius Manlius Severinus Boethius (c. 480 - 525)
What is money? 8th grade teacher gave lesson that it is simply the transfer of value and unless you are an economics major it is not taught in public education. Thanks for this Hudson is awesome. I learned something new for a change. So insightful this needs more exposure and media coverage.
Hudson is amazing. I recommend his website which contains transcripts of a lot of podcasts he does. Rough transcriptions sometimes but usually very informative.
His interpretation of history is interesting. He uses the example of the scythe to talk about egalitarianism and limiting the power of the 1%. Aristotle uses that same example to talk about how tyrants (who are the most powerful members of the 1%) can keep power against democratic or oligarchic insurrections.
Michael Hudson is a very smart and well educated man and I have seen many of interviews over the years Sadly the corporate media won't interview people like him that lay out the facts.
I've been trying to understand economics the last couple years, and I really like Michael Hudsons work. Also reading David Graeber's Debt: The First 5,000 Years. And lots of marxist things showing so many holes in the mainstream economics/pro capitalism explanations of how an economy works. And one major theme I'm seeing in my reading, is that a lot of the foundations of economics are non-scientific Just-So Stories like what you'd see from a the bad kind of evolutionary biologist. And they're justified by cherry picking the occasions where they work on in favor of the theory and ignore all the situations where the explanations don't match reality.
Good point. Something shocking I saw was Hitler speech translated by AI. Insane to ever agree with Hitler, but.... People should never be told the anti social concept of hoarding money which causes inflation.
"The role of money is to polarize a society. The role of the chieftan is to reduce polarization as much as possible" ~ Michael Hudson paraphrase starting at minute 57 of above interview
Thank you for such an interesting brief history of economic systems and debt. Please don’t stop, what you do is very important in a society that has such a lack of knowledge, of history, of foundation. And I agree what the world is facing is a civilizational change. For a multipolar, pluricentric, pluri civilizational world
As always, this man is a treasure: experience, wisdom, humor, and integrity all rolled into one package. Given the state of debt and the people who think they will benefit from its continuance, there doesn't seem to be a way out. The obligations can only skyrocket. Any wobble, to say nothing of collapse, at this point will show the folly of our ways as populism and totalitarianism try to hold things together. As the natural world, the source of all wealth, fights back against our predations, be ready to see the shit really hit the fan.
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
85 years old and he thought he would be doing a 4.5 hour podcast! 😅 What a legend! God bless him!
What did you do? Multiply by 3?
@@jgalt308 google hyperbole
Hudson has it all - genius, compassion and a sense of humor.
so sweet!
Qqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q🎉🎉
Modern markets will be destroyed by fake food, services and money surrogates
he was born in Minneapolis and his dad was the newspaper editor for the local Teamsters strike that shutdown the city. So his dad got thrown in the federal prison as being - I don't know - treason or communist or something. Yes Michael started out in music training in college - so he goes back to the root cause from ancient civilization. Very excellent research for sure.
5 years older than Biden. That's what 3 standard deviations of intelligence looks like. Check out Chomsky before his stroke for another case.
I don't know how this man manages to bang out one masterpiece after another, but I am so thankful!
Michael's a consistent kind of guy!
Experience practice and he likes it
As am I. Amazed.
I wish I could afford to buy one of his books. They are so expensive! (I live in a non-English-speaking country so libraries are not an option).
will be interesting to see if the internet can sustain the weight of this truth
This guy is a genius. I'm shocked more people don't know about his work. He's one of the most revolutionary thinkers of our time. Thanks for platforming him!
thanks for coming to my platform!
Because this guy is a danger for the elites.
He’s not revolutionary in the sense of Marx. He’s a Marxist economist for damn good reason! Read CAPITAL 2 and 3 vols
What Mike is groundbreaking is in DEBT
How does the saying go? It's hard to learn about something when your job depends on you being ignorant of that something. In this case the true about money credit debt balance of payments and so on
I’m not. 😂 Just substitute the word “USA” for “ROME” in this … 0:20 … provocative little banger of an observation and you can see why maybe the US educational establishment might not take to Hudson’s theories and teach them to the kiddies?
"You've said the unspeakable". Thank you, professor, for all you've tried to achieve for mankind.
**surrogate thanks**
During the 2007-2008 financial crisis I listened to Prof Hudson all the time. Very insightful.
I feel deeply deprived since I didnt know him then 🤦
Proud owner of all of Professor Hudson's books, and go back and reread sections every now and then. When looking back at the human species we have not changed chemically since the days of Greece and Rome, and those chemicals drive us. Go BRICS!
awesome!
Michael Hudson is 85 years old but his mind is very sharp.
I'm amazed by how spontaneously he can give a lecture!
@@robinsonerhardtmy favorite economist,by far. I search his name,and watch everything I find. Exceptional mind.
Thats the adrenochrom
@@laurenz323 cite sources
Without brain disease or lack of oxygen.
He'll be just as sharp in ten years but i'm afraid for his heart
Professor Michael Hudson is a national treasure. Truly an inspiration.
Hudson and Wolf are among the few honest economists
I like both of them. Hudson is my fav, but I also like Varoufakis. I read (oops listened) a few of his books, not as much as I listened to Hudson's audiobooks.
I can't get any of them up here. Not such books at my local public library. Maybe because it's French...
wolff is a legit fraud, has contributed absolutely nothing to the field of economics and doesn't ever engage in conversation with economists. a left wing jordan peterson
See infrared on kick
Neither one of them have a solution but Haz does
These 2 are die hard capitalist trotskyites
and they will never say the term land reform
Wolf is about the last person I would call honest. You mean the one who tells his gullible audience that China is socialist? And that "the socialist left" won the elections in Germany talking about the German SPD?
Really????? Guess you haven't been paying attention.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Then we have this from Micael Hudson speaking to Wolff directly on "Dialogue Works" in January of this year. ( two 90-minute joint interviews )
Michael Hudson: "Fortunately, I’ve written all about this in my book, Killing the Host. What is Capitalism? What we have today is not the capitalism that we had either When Richard and I went to school or in the 19th century, the kind of capitalism that everyone was talking about in the 19th century, both from Adam Smith and Ricardo through Marx and everyone else, was industrial capitalism.
The whole idea was that when they talked about capital, they were talking about industrial capital. They weren’t talking about land or rent, they weren’t talking about monopolies, they weren’t talking about finance. Discussed this in volume two three. But he ( Marx ) said, I don’t have to talk about rent and monopolies in finance. Industrial capitalism is going to get rid of that in order to become a low-cost economy and in order to compete with other economies."
Hudson had to repeat a variation of this in the second interview and why what exists is NOT CAPITALISM. Wolff offered no argument or challenge either time but seems to have suffered an immediate memory loss regarding this acknowledgment and went right back to his "It's (undefined ) capitalism's fault," which is downright embarrassing for him and his audience who claim that Hudson and Wolff "are their two favorite economists" which is not possible since their understanding of history and economics is in direct conflict on so many points. Hudson's experience and work in both areas expose Wolff as the "pretender" he is. ( This correction was repeated a third time in July. )
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
This interview also begins with the same explanation again.
Michael Hudson looks great in this interview, so relaxed and vibrant. I love his breakdown that really paints the economy developed by Western civilization as an outlier in the world.
i love the suspenders
Ha! Me, too! @@robinsonerhardt
Under what rock have I been living? I've never heard of Michael Hudson before... This is great! Thank you.
Well explained. God Bless Michael Hudson. Free Humanity from oligarchy
Michael Hudson cheerfully tells us how humans historically keep repeating their mistakes.
hahaha
Not mistakes as such just tells us how greedy, nasty and controlling a minority of humans have been and are to the detriment of the people and the planet.
This is why I like Michael Hudson. He is an intelligent man who speaks in understandable terms about the rich,and the poor.
Thank you, Robinson, for this discourse with Professor Michael Hudson. It was especially refreshing to hear him hear him sitting on this patio relaxed speaking with you. One of our best , no doubt. Geinus!!! I have some of his books, but it is amazing to hear him speak as I have been following him for years.
With my deepest appreciation and respect to both of you.
(Beautiful flowers)
Hudson is such an unassuming guy, yet were his ideas to gain wide currency, revolution would be in the air. I wonder how many people listening to this realize how radical he is.
Revolution is in the air all over the world. Inevitable. Too many have nots are getting a clue
it strikes me as radical from the get-go
Radical meaning going to the root/radix of the problem, indeed. Marx was only able to see a much smaller window of history than this guy.
Common sense feels radical these days 🤦 Or maybe always has...
Bang on!@@Niagaradream
This is vintage Michael Hudson, a national resource which is priceless, and irreplaceable... and he's doing us such a huge favor by leaving this knowledge to us.
Words.
Without people willing to stand up to the direction our supposed "leaders" are taking us (down a long dark corridor), it's no different than any other speech, analysis, video, propaganda, or pamphlet.
Words, without action- the very reason the US will be surpassed by the growing strength of the Russian, Chinese, and in general eastern nations because they communicate amongst themselves instead of like the US which dominates.
This will have a irreversible and devastating effect on the whole of the US.
But few can understand the situation-
Which within a few years will be thrown into catastrophe from climate, social, economic, and environmental issues not yet seen in recent years or ever.
@@rdallas81 Absolutely correct. My husband and I are out on the streets of our area every weekend, attempting to get people to discuss the current situation and what to do about it in person, and they all treat us like crazy people. They wave us off, duck their heads down in fear and shame, and either stay silent or state that they don't discuss politics. Even law enforcement and politicians want nothing to do with real action. People are so afraid to speak about anything other than the weather, their vacations, and their profits. How did we reach a point at which openly discussing the state of our nation is taboo? I'm surprised that your comment is even still here.
Ive listened to Michael hudson heaps and there was so much info that he never was able to get around to discussing because of his interviewers interrupting him.
Great work on being able to ask the right questions to get all this information out of him
Outstanding dissertation from professor Hudson, as he is usual amazing ❤❤❤
:)
The young people love and respect Michael Hudson ...
:)
becaue they dont have any education at all.
@klauskinski5969 educate us then come on the show and give your point of view
@@jerrellholder8382 or you pick up a book yourself
@@jerrellholder8382 so obviously ... give me another link to a contrary economist? milton freedman?
Michael Hudson is the best professor any one could possibly have as your teacher. I have one of his bks, but I'll get whatever he has written. Thank you that you have this wonderful man
my pleasure!
Drinking out of a mason jar, my kind of economist. Such a good honest man in a world saturated with lies. Blessed are the peacemakers.
Ive read most every book by Prof. Hudson and I highly recommend them. In one respect," we dont need no stinkin' billionaires!"
I love Hudson he is an incredible man! ❤❤❤
:)
Nice to see you got Mr.Hudson a bit of fresh air. I've been reading his books and the gain is enormous.
I love Michael and his insights, thanks for making this possible, great journalism.
my pleasure!
I absolutely love listening to Prof. Hudson impart his knowledge. I always learn so much and his way of speaking keeps me spellbound. Thank you for being intelligent enough to see that allowing him to speak freely was the best option in this interview.
One of the Best Gifts You can give Yourself if You don't already understand everything Michael Hudson is saying is to do the work needed for You to understand it. All of the Work Michael Hudson has done, His Honesty and All the Videos He has been in, is a Great Gift from Michael Hudson that You can't put a Value on. It's not just an Education into Real Economic thinking. It's an understanding of the Real Economic System We're living in and it's actually the Real Honest and Truthful Reality that We are All really live in...
Thank you Robinson for your magnificent guest, Mr Huddson❤
Thank you, too!
I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
I think it's the professionals and those who use their services that are really pulling in the big money right now. There are really advisors that can help you achieve very consistent growth. I have a friend who pulled in more than $94k profit within three months. So you just have to make some research and get one who fits your fin-goal.
The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.
Investing in quality stocks with long-term potential is a good strategy, but it can be challenging for the average person to do this on their own. Keeping up with industry news and earnings can be time-consuming and difficult. That's why it's easier to work with an advisor who can help you make informed decisions and potentially achieve high returns.
@@williamDonaldson432 Impressive can you share more info?
Impressive can you share more info?
One of the best-ever discussions on this channel. A ton of knowledge compressed into 1.5 hours that went by in a flash.
Thanks!
Love Michael!
:)
The late David Graeber, anthropologist, built upon this work. The idea of academics working together, especially economists listening to other disciplines, is essential for our survival. And very rare.
Mr Hudson has done so much work and research to give us the message we all need to hear but most foolishly will not choose to hear. He is still rocking it. Who knows how long this hero will be with us, Bravo on the interview.
So what is it that you heard that you believe you needed to hear?
Can you name 3 things?
Hudson is so honest and real! What a fresh breeze of air in this world of lies! It’s obvious we could have a planet of peace and happiness but the evil is so real!
Michael "Breezy" Hudson
Go BRICS!
Michael Hudson blows my mind…I wonder what can be done to spread this message besides sharing on social media and with friends…is there economic activism?
good question...
Absolutely.It's called land refrom anything else is meaningless.
Live in ignorance or realize this
Economic activism
Maduro: " nationalize it !"
I am from Brazil. Love the idea of debt cancelation.
So, if a few people owed you money- say a few thousand dollars- would you forgive their debt?
Exactly.
People should pay their debts..
That's what keeps things moving forward.
Then you should be able to explain why it was used and who it applied to?
Ancient concept - The Year of Jubilee
Wow, just three or four short questions & great listening skills by the host, and the guest lecturing and sharing his sixty plus years of knowledge over the course of ninety minutes!
The best interview I’ve watched in ages. It is the underpinning of a better future world.
Wow I will have to watch this again, fascinating, history we were definitely denied in 'school'. Thanks. Hetty Scotland
thank you hetty!
I'll share on twitter...👍
I review everything Huson does many times . ( A man must know his limitations. )
I discovered Michael Hudson and Richard Wolff recently. I am so glad I did! 🙂🇿🇦🙂🇿🇦
What a treat. A face to face discussion with the goat. And MH has impeccable style as well. Those suspenders 🤌🏻 Thank you Robinson
Always the best analysis.
thanks for tuning in :)
What Hudson says at the end is close to Zizek's views on government policies of public well being and reducing the cost of living.
the colab we've been waiting for
@@robinsonerhardtplease!!!
10 minutes in, this man is getting straight to the point! Very similar to chomsky's critique of neoliberalism so far, from what I can tell, good stuff robinson!
thank you!!
Chomsky is a clown.
Hudson is not.
Interestingly, in 1995 in Russia, we were told this in 5th grade at school in history lessons - this is for children 10-11 years old.
Yes but you seem to forget western education levels are the poorest in the world. The elites have deliberately made the people so thick to keep them in power.its worked for 100yrs and is still working.
Then still privatized everything so 5 million russians died from the consequences.
Russia and China are the two most advanced civilizations in terms of education, history and politics. Please be patient while the rest of us.catch up
Great episode. You’re killing it dude!
thanks so much!!!
Mr Hudson is a gentleman and a scholar. I usually dont like before watching. But I am probably justified in doing so.
hahaha i appreciate that
GOD BLESS MICHAEL HUDSON
!
Let me get this straight? This podcast is two guys talking math after margaritas?!
My favorite! I'm in!
niche content
Not sure why this guy seems to think it was two guys talking, when really it was basically Michael Hudson talking to himself for an hour and a half. Maybe the most insightful comment you had the entire time was a small laugh at his joke about Freud and sex. Other than that you just asked almost exactly the same questions as you did on one of your previous episodes with him. I really have no idea why he keeps coming on to your show, other than because he must realize you have a remedial understanding of his work and Capital.
@@aakashjohari8158me when a podcast host knows less about the economy than an economist who's been doing it for 60 years
It's bad math.Capitalism only works great until you run out of other countries.Money and resources.
Unfortunately, as much as he and professor wolf are called communists, neither one of them are
I really love listening to the Prof. He makes clear some very difficult concepts, but most of all, he makes it interesting.
Which concepts would those be?
Great job Robinson.@ your work on formulating the questions.
thank you! that's so nice to hear.
This brilliant man worth his weight in Gold.
And more
The genius Michael Hudson!
Thanks for this, brilliant jewels of knowledge and learning from Michael, as ever.✔
Glad you enjoyed it!
@22:15 Michael replied that he realized that everything that had been taught in college about
what money is was from propaganda from the 19th century by the predecessors of Milton
Friedman, representatives of the landlord class, the monopoly class, the financial class...
And not a word from Karl Marx or others
@@kevintewey1157 Marx knew....
Money is a commodity...people seeking to acquire money are capitalists as money is capital.
Das Kapital v1 p27, p63, p 104-107
But money is no longer a commodity and hasn't been ( de facto ) since 1934.
@@jgalt308 The representation of money is still a commodity even if it's fiat Currency.
You don't have a solution
Still DISMISSED...in the U.S. they even changed the symbol.
Good point. Richard Wolff also says that. The MBA degree is worthless. Our political debates are like Jr High School kids.
Truly an enlightening and eye-opening conversation with @ProfHudson. Thank you @RobinsonErhardt for this talk. Please continue to bring such enlightening topics to the fore to enable us to know the malaise that afflicts us today, and if we don't course-correct then where we are headed as a country and society. Thank you!
thank you so much for watching!
@@robinsonerhardt Btw, you're a good host allowing the guest to formulate their entire thought and lay it out from the cause to the effect without interruptions. Thank you and keep it up! 🙏
I’ve been saying this for a long time: if we had a single payer healthcare system we would have a more competitive labor force that has better health and no medical bankruptcies.
It was the major argument when Quebec got it's single payer healthcare.
But it slowly turned into a big whatsname for corp. profits
Then just go further in support of land reform
I dont see it working. Already today its resulting in coporate run healthcare .
First you would need an actual healthcare system...what exists now is the "leading cause of death"...
and you want everyone to have access to it?
Michael Hudson is, hands down, the world's greatest living economist.
Great Michael Hudson! Thanks Robinson
Amazing interview, thank you for having Michael Hudson on the podcast.
Great Hudson!! The greatest honest economist on earth!! Only two of his works have been translated into Italian but that was enough for me to understand who he was!!
It's refreshing to hear somebody speak about the truth.
Mr. Hudson that was an awesome summation. Much respect to you. You are a diamond in the rough in my view. Keep doing what you're doing.❤
War, conflict, and debt are constructs for wealth transfer. Who benefits? Hint - the Bank of England was founded in 1694. Thank you Michael Hudson for your insight, understanding, and objective truthful awareness.
Caesar would be impressed.
We're using his Playbook.
Thank you.
So good.
Thanks for this interview (lecture).
Glad you enjoyed it!
A free excellent education! Probably available nowhere else. Thank you, Professor Hudson and Mr.Erhardt.
Great interview. Always something to learn from the deeply knowledgeable Michael Hudson.
Economist Michael Hudson is a parragon of wisdom.
"Wonder leaves enlightened minds, when ignorance no longer blinds." Bk 4: Section V, and Song V: Wonder and Ignorance The Consolation of Philosophy by Anicius Manlius Severinus Boethius (c. 480 - 525)
"If Plato's teaching errest not, we learn but that we have forgot." Bk 3: Section XI, and Song XI: Reminiscence The Consolation of Philosophy by Anicius Manlius Severinus Boethius (c. 480 - 525)
What is money? 8th grade teacher gave lesson that it is simply the transfer of value and unless you are an economics major it is not taught in public education.
Thanks for this Hudson is awesome. I learned something new for a change. So insightful this needs more exposure and media coverage.
Hudson is amazing. I recommend his website which contains transcripts of a lot of podcasts he does. Rough transcriptions sometimes but usually very informative.
His interpretation of history is interesting. He uses the example of the scythe to talk about egalitarianism and limiting the power of the 1%. Aristotle uses that same example to talk about how tyrants (who are the most powerful members of the 1%) can keep power against democratic or oligarchic insurrections.
Thank you! Nice to see Professor Hudson relaxing with a cool drink!
This was great! Thank you for hosting and sharing with everyone
Great interview! Absolutely amazing! Thank you!
Michael Hudson is a very smart and well educated man and I have seen many of interviews over the years
Sadly the corporate media won't interview people like him that lay out the facts.
Very, very interesting!! Thanks for interviewing this man!
I've been trying to understand economics the last couple years, and I really like Michael Hudsons work. Also reading David Graeber's Debt: The First 5,000 Years. And lots of marxist things showing so many holes in the mainstream economics/pro capitalism explanations of how an economy works. And one major theme I'm seeing in my reading, is that a lot of the foundations of economics are non-scientific Just-So Stories like what you'd see from a the bad kind of evolutionary biologist. And they're justified by cherry picking the occasions where they work on in favor of the theory and ignore all the situations where the explanations don't match reality.
I'm glad you found this!
Good point. Something shocking I saw was Hitler speech translated by AI. Insane to ever agree with Hitler, but.... People should never be told the anti social concept of hoarding money which causes inflation.
We’re in a space age renaissance. What a time to be alive and here to hear Dr Hudson!
Shocked you wormed him out of his room! Thank you for facilitating this interview.
Always fascinating listening to Michael Hudson.
Well done Robinson, greatly appreciated!
Wonderful discussion! Imagine if the education system and media were as interested in educating people as the two of you.
Brilliantly helpful! Love Michael. He's an International Treasure❤
"The role of money is to polarize a society. The role of the chieftan is to reduce polarization as much as possible" ~ Michael Hudson paraphrase starting at minute 57 of above interview
Big love, Mr. Robinson Erhardt.
I love listening to Michael Hudson. He is an Amazing person.
Great and thought-provoking feature. Thank you.
Nice, you got professor Hudson out of his bat cave 😂. You should be extremely honoured.
I am!
This is outstanding
Michael is a Genius
Refreshing to listen too
😊🏴☠️
What an insightful program!
Thank you for such an interesting brief history of economic systems and debt. Please don’t stop, what you do is very important in a society that has such a lack of knowledge, of history, of foundation. And I agree what the world is facing is a civilizational change. For a multipolar, pluricentric, pluri civilizational world
Man, what a treat thanks for for putting this show together😊
Title: the end of civilization
Picture: guy smiling
🏦 End of Civilization = Year of Jubilee 🤑
awesome as ever!
Thank you!!
Whenever I hear these financial conversations of Michael's I'm reminded that he's a high level genius. He's my favorite genius.
lovely!
FIRST TIME TO SEE THIS SHOW! MY FRIEND WAS RIGHT AND THIS SHOW IS GREAT! WILL BE WATCHING IT NOW!
As always, this man is a treasure: experience, wisdom, humor, and integrity all rolled into one package. Given the state of debt and the people who think they will benefit from its continuance, there doesn't seem to be a way out. The obligations can only skyrocket. Any wobble, to say nothing of collapse, at this point will show the folly of our ways as populism and totalitarianism try to hold things together. As the natural world, the source of all wealth, fights back against our predations, be ready to see the shit really hit the fan.
Wonderful interview! Clarified, at least for me, many things in our life