Richard Wolff & Michael Hudson: The US is BLIND to BRICS – And It’s Crushing America’s Future!
(00:06) – BRICS and U.S. Tariff Policies
(05:06) – BRICS’ Progress and Challenges
(10:03) – Impact of Tariffs on Global Trade
(15:06) – Economic Reforms for BRICS
(20:01) – Historical Parallels to Feudalism
(25:03) – Economic Rent and Foreign Control
(30:00) – Transition to Socialist Economic Models
(35:00) – Restructuring Economic Systems
(40:00) – Cost Accounting and Taxation
(45:03) – Shift in Global Economic Power
(50:03) – U.S. Monopoly and Global Influence
(55:03) – Protectionism and Global Competition
(1:00:02) – Future of BRICS and Global Order
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I love Wolff and Hudson and have for quite some time. Of course I have my disagreements with certain aspects of their economics but those differences are slight for the most part. I have not watched all of this yet but it is excellent as expected. I consider both Wolff… Read more »
Yeah, Michael is a wonderful human being, besides his encyclopeadic knowledge. He likes to post videos with the transcripts but once the transcript is done, it gives me an opportunity to replay. He had a problem with transcription a while ago but it is all now sorted out and he… Read more »
I will pick a small bone with Mr. Hudson. But first, let me praise the wonderful host who lets his guests actually talk! That would be Nima, of course, and it is so rare to have such a quiet, thoughtful host that lets his guests talk and discuss. Regarding inflation,… Read more »
A different view for you and a note about Volcker.
https://michael-hudson.com/2023/01/inflations-drivers-on-the-geopolitical-hour/
Thanks for the link to Volcker — it’s a cracker!
I will study the interview with Hudson in detail for sure. I skipped ahead in the transcript to find the part about Volcker. I had not heard that before. I will research that. I just remember inflation being off the charts FOR YEARS and nobody seemed to be able to… Read more »
One thing I want to state about Paul Volcker, which most people do not seem to know or understand was he never raised interest rates. He CUT THE MONEY CREATION down to a much more reasonable level. He is often accused of raising Interest rates. They raised themselves due to… Read more »
That is indeed a good discussion, and I have not watched all of it yet, BUT if you believe what they are saying, how do you explain The Confederate States of America and massive inflation, Zimbabwe and massive inflation, historical France (John Law causing part of that in France) more… Read more »
I still have not finished Hudson and his economic friend yet. I may have to print that out to read before bed. It is certainly an outstanding discussion and I find much to agree with. I agree totally with Mr. Hudson that economics is an “entire system” and has to… Read more »
Yes, so many books, so little time. You are right!
Or to put it another way — an economy is an ecology — everything is connected. Economists have tried to make economics a hard science with their equations, but it can never be that. Even a simple concept like supply and demand cannot be a law, as they like to… Read more »
It used to be called “political economy” – because the economy always had that component in it, it was always made the way society’s government shaped it. But that name gave the game away, told too much of the true story, so “economics” was invented as a term that purported… Read more »
Exactly so Grieved. We can forget about all the “isms” because from a certain angle they are distractions. The source of the Empire’s power is their financial system, their rigged global economy. Neutralize that, focus on that, and the Empire is finished. This was well understood by the revolutionaries of… Read more »