#michaelhudson — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #michaelhudson, aggregated by home.social.
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The Spoils of Oil Wars
You do not need a conspiracy theory when you have a balance sheet. The Iran war has eliminated America's two main rivals in the global LNG market. Senator Lindsey Graham told us it was a good investment. He was not wrong. -
Michael Hudson: The Strange Case of Europe’s Decline & Self-Harm
https://youtube.com/watch?v=93SyF6H1M0Y
#michaelhudson -
"Michael Hudson: The Industrial Capitalism of China and Russia versus US "
https://youtube.com/watch?v=0LN-Y-kEgmY
#economy #history #michaelhudson #glenndiesen -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
My favourite economist Michael Hudson in conversation with Glenn Diesen.
"Prof. Michael Hudson: Economic Collapse in Europe"
https://www.youtube.com/watch?v=1bCqxWDbSvw
#hudson #michaelhudson #diesen #economy #russia #europe #eu #futuresgroup #nordstream #usa #germany #gaza -
@Radical_EgoCom
Here's a great video with Richard Wolff and Michael Hudson:"Richard Wolff & Michael Hudson: Karl Marx and the Fall of the West"
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Really like it when Cory Doctorow highlights the works of Michael Hudson, David Graeber and Thomas Piketty.
https://pluralistic.net/2021/09/29/jubilance/#debt
#debt #economics #michaelhudson #mmt -
USA Is An Economic Apartheid State
#BlackMastodon #MichaelHudson #RichardWolff #Apartheid
https://www.youtube.com/watch?v=nzAHYZxBrSI -
CW: Long thread/3
Bankruptcy has always been with us. As #MichaelHudson reminds us, "Debts that can't be paid, won't be paid." Without some system for discharging debt, control over the entire productive capacity of a society is eventually shifted to a hereditary creditor class, which precipitates calamity:
https://pluralistic.net/2022/07/08/jubilant/#construire-des-passerelles
But America has a bifurcated bankruptcy system. For normal people, bankruptcy is more punishment than relief.
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In response to Cass Sunstein and @freepeoplesfreepress
What we experience today is not "liberalism" in the classic sense whatsoever. Should we actually still practice the liberalism of the Roosevelt era, I highly doubt there would be much in the way opposition to liberalism in the U.S.
What we practice today is #NEOLIBERALISM. Or, liberalism completely dominated by "finance capitalism" as described in the link I post below by #MichaelHudson & #SteveKeen.
Evidence of this fact is the utter disappearance in the U.S. of industrial capitalism & industrial policy -- again spoken of in depth below.
The critique of "liberals" by the left is truly a critique of neoliberalism -- government by corporate financiers and rent seekers -- wedded to the neoliberal political strategy of using identity politics to undermine class cohesion. The Clintons really got the Democrats rolling down this road. Obama doubled down on it -- see the wall street bailout, yo. Biden is just another clone with some frilly left topping to make it look like he's different because people are catching on.
Then, ask yourself where "liberals" get the majority of their campaign contributions? Huh? Yup ... you guessed it: Wall Street.
So, please Mr. *master of rhetoric* Sunstein ... spare me the crocodile tears about the left laying "siege" to liberalism. We're not. We're laying siege to the neoliberalism that you, and your ilk benefit from at the expense of the people -- an analysis Sunstein OH SO CONVENIENTLY forgets to include in his "high minded" rhetoric filled screed.
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CW: Long thread/23
If you don't show up for court (which is what usually happens), they'll get a default judgment, and with it, the legal right to raid your bank account and your paycheck. That, in turn, is an *asset* that, once again, the debt collector can sell to an even scummier bottom-feeder, pocketing a lump sum.
McKenzie doesn't know what will fix this. But #MichaelHudson, a renowned scholar of the debt practices of antiquity, has some ideas.
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DemystifySci Podcast;
Economist, Michael Hudson, Part I and IIhttps://www.youtube.com/watch?v=XyybzneS0To
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CW: Long thread/18
But this is an ideological fairy-tale. As #MichaelHudson describes in his brilliant histories of #jubilee - debt cancellation - through history, societies that unfailingly prioritize the claims of lenders over borrowers eventually collapse:
https://pluralistic.net/2022/07/08/jubilant/#construire-des-passerelles
Foundationally, debts are amassed by producers who need to borrow capital to make the things that we all need.
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CW: Long thread/29
And far from regretting this, she went on to write elaborate justifications for the cruel policies she helped administer.
The historian #MichaelHudson describes #debt and #DebtCancellation as a key determinant of whether a given civilization survives. In every venture, producers have to borrow capital from lenders - farmers, for example, must borrow to pay for seed and fertilizer and labor. When the ventures are successful, the borrowers pay back the lenders.
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CW: Long thread/24
Despite this, the Fed has a substantial cheering section for continued interest rates, composed of the ultra-rich and their lickspittle Renfields. While the specifics are quite modern, the underlying dynamic is as old as civilization itself.
Historian #MichaelHudson specializes in the role that debt and credit played in different societies.
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