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

Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA's ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
He is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.

00:00 Highlight
00:55 Introduction
05:34 World Bank
18:51 US & Europe
21:09 US BOP deficit
32:45 Russia after USSR
50:20 US junk economy

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[IndiaGlobalLeft]

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?

[dimitrypavlov]

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.

[kamilla]

Continued good health to Michael Hudson! Our world needs him.

[mnjraman]

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!

[jamshedsethna]

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.

[minniewipster]

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.

[Bisquick]

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."_

[dinopanteloukas]

Professor Hudson is a worldwide treasure. Great interview. Subscribed. Greetings from NY

[SofaKingShit]

I always have to listen to every Hudson video twice. There's no way for me to be able to absorb it all on the first listen because I'm always knocked down by the previous insights in an endless game of catch up. Maybe l have simply have to buy one of his books lol.

[dayveda]

I have all of Michael Hudsons books….He alone raised my understanding 1000%. Exceptional interview. Thank you.

[robertdoig]

Reminds me of “Economic Hitman” by John Perkins. Excellently interview!

[williamwoodward]

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.

[billesommer]

Honest and straight up speaker Mr. Hudson!! No bs here! Thanx!!😎👍

[fazilm]

No wonder the Americans want to lock away Julian Assange forever...

[pravatkumartripathy]

Michael Hudson is brilliant. He has been straightforward in analysis.

[lenuvian]

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.

[Revel]

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.

[masthan]

kudos bro, for bringing in Dr. Michael Hudson to the Indian audience.

[seanpercival]

Thank you for this wonderful interview. I greatly appreciate your work. The truth will set you free. Cheers from England.

[gailclough]

Can't get enough of Michael Hudson