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?
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.
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.
I am really worried about the current bank crisis/collapse, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
True, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $175k to approx. $350k so far.
When Jessica Lee Horst is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
This information is valuable. I quickly searched her full name and her website appeared instantly, showcasing her impressive qualifications. Thank you for sharing.
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 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.
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)
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!
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 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?
@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.
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...
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.
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.
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!
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.
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.
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.
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!
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)
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
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.
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!
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 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.
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!!
"His father joined the trade union struggle, became an active Trotskyist trade unionist, editor of the Northwest Organizer and The Industrial Organizer, and wrote articles for other trade union publications."
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 listen to every interview Michael does. While he always shares the same data and insights based on his research, this interview is far more digestible to the layman than the others he does from his home. Perhaps getting him out in the sun and sipping a Margarita is the key to expanding his wisdom to the masses
Yeah I don't think so. I don't think this was any more digestible than any other talk he's given. But you like the margarita, because that's fun, right? I love margaritas, I like to party! This country, and this society is absolute toast. Comments like yours just drive the point home all the more. What Michael Hudson mainly seems to do, god bless him, is push the idea of some world-changing debt cancellation, which I would predict would totally destroy society, and what's left of it's threadbare moral fabric of a society that was always doomed to choke on its own greed and unapologetic, almost unconscious lust for money and status and good times regardless of the cost, at every level of society. And I can't think of anyone less deserving of something like that than your typical American overextended, margarita-drinking, ravenous consumer. On principle you deserve to have your debts doubled, not relieved. So I don't know what the solution is, but it can't be that. Or at least I better get a heads up before this cancellation happens, so I can go take out a quarter million dollar loan the day before, and then get my 'debt' erased the next day. Then I'd be in a festive mood and down for some margaritas.... IMO he should focus more on the ills of a so-called rentier economy. That's a more righteous subject matter than giving a select group of people free houses, and depositing five or even six figure windfalls into their bank accounts because they can't pay their college loans either. Obviously that would be a completely unacceptable state of affairs, and totally disastrous for society and rightfully so.
It's a bit like forest fires. At some point we decided that forest fires were bad, so we started putting them all out immediately. The result was a build up of fuels in the forest, so that when a fire did get out of control it did far more damage than it would have otherwise. In the natural scheme of things, frequent small fires kept were what kept the system in balance. In the same way, when ancient monarchs engaged in regular debt forgiveness, it was like a small fire that restored some balance and limited the damage to just the lenders. However, once debt came to be seen as inviolable, the debt levels built up to such an extent that when a "financial fire" does eventually get out of control it not only damages, but destroys lenders and borrowers alike (with the largest lenders reaping the spoils of everyone else's tragedy). We need a return to the natural state of things, to regular debt write-offs to maintain the balance of the economy. Highly recommend Michael's books *...and forgive them their debts* and *The Collapse of Antiquity*.
Like Mr. Hudson, my conclusion is that we - the west, global north, OECD - are “stuck” from our own economic beliefs and practices. That shouldn’t be a “political standpoint”, but rather a humble realization from available knowledge and our account of history. My intellectual capacity being a fraction of Hudson’s doesn’t exclude me from this intuition - nor for anyone else. Societal honesty opens possibilities, while holding on to “what is” narrows any imaginary future. A very painful existential feedback loop. If our current “system” can’t work for the majority of our own, for us - blaming “others” is a dangerous distraction. And yes, finance for few and debt for all at the level we have, are our own reality - created and allowed by us, in our own democracies. Change that - “forgive us our debts…” - and we may change from within, not from the forces of outside power. Not as a religious statement, just a practical one…🔥
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.
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.
Interestingly - the French developed a simple machine in 1789 that proved very helpful in encouraging the French oligarchy of the time in - "rethinking their perspectives" - on wealth distribution.
you gonna grow your hut out of Oyster mushroom insulation walls? I'm looking into this - just started doing MycoRemediation to grow oyster mushrooms from my humanure compost. thanks
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Hudson has it all - genius, compassion and a sense of humor.
so sweet!
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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.
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?
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?
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).
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
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.
"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 🤦
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
Professor Michael Hudson is a national treasure. Truly an inspiration.
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
Under what rock have I been living? I've never heard of Michael Hudson before... This is great! Thank you.
I am really worried about the current bank crisis/collapse, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
True, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $175k to approx. $350k so far.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
When Jessica Lee Horst is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
This information is valuable. I quickly searched her full name and her website appeared instantly, showcasing her impressive qualifications. Thank you for sharing.
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.
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?
This is why I like Michael Hudson. He is an intelligent man who speaks in understandable terms about the rich,and the poor.
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.
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)
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!
Well explained. God Bless Michael Hudson. Free Humanity from oligarchy
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 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
Ive read most every book by Prof. Hudson and I highly recommend them. In one respect," we dont need no stinkin' billionaires!"
Outstanding dissertation from professor Hudson, as he is usual amazing ❤❤❤
:)
Nice to see you got Mr.Hudson a bit of fresh air. I've been reading his books and the gain is enormous.
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 !"
@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.
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!
I love Hudson he is an incredible 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.
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!!!
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...
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?
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
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!
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?
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?
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!
:)
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.
This brilliant man worth his weight in Gold.
And more
I love Michael and his insights, thanks for making this possible, great journalism.
my pleasure!
GOD BLESS MICHAEL HUDSON
!
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.
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
Thank you Robinson for your magnificent guest, Mr Huddson❤
Thank you, too!
What a treat. A face to face discussion with the goat. And MH has impeccable style as well. Those suspenders 🤌🏻 Thank you Robinson
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?
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)
Title: the end of civilization
Picture: guy smiling
🏦 End of Civilization = Year of Jubilee 🤑
Michael Hudson is a genius in his field.
If his pants were any higher he could save buying shirts altogether. Now that's economics!
@@merfymac 🤣
LMFAO
GOATed comment
Michael Hudson is adorable.
Never trust a man in a three-piece suit and a belt...
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
Michael Hudson is, hands down, the world's greatest living economist.
The genius Michael Hudson!
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! 🙂🇿🇦🙂🇿🇦
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.
Nice, you got professor Hudson out of his bat cave 😂. You should be extremely honoured.
I am!
Always the best analysis.
thanks for tuning in :)
Great episode. You’re killing it dude!
thanks so much!!!
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!
Thanks for this, brilliant jewels of knowledge and learning from Michael, as ever.✔
Glad you enjoyed it!
Great job Robinson.@ your work on formulating the questions.
thank you! that's so nice to hear.
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 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.
It's refreshing to hear somebody speak about the truth.
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!!
More gold from a national treasure
like that vault in gringott's
Psalms 59:8
[8]But thou, O LORD, shalt laugh at them; thou shalt have all the heathen in derision.
We’re in a space age renaissance. What a time to be alive and here to hear Dr Hudson!
So good.
Thanks for this interview (lecture).
Glad you enjoyed it!
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.❤
"His father joined the trade union struggle, became an active Trotskyist trade unionist, editor of the Northwest Organizer and The Industrial Organizer, and wrote articles for other trade union publications."
Freedom's just another word for nothing left to lose . Janice Joplin .
_"I used to be interested in debt."_ relatable, sir. Relatable.
hahaha
As a child I absorbed the teachings of Ben Franklin
When I saw that it was one and a half hours long I made a mental note to come back when I have the time and patience.
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.
Economics, History, Law, Politics it's all fascinating, but Physics/Math is FUCKING BEAUTIFUL
Great Michael Hudson! Thanks Robinson
I listen to every interview Michael does. While he always shares the same data and insights based on his research, this interview is far more digestible to the layman than the others he does from his home. Perhaps getting him out in the sun and sipping a Margarita is the key to expanding his wisdom to the masses
Yeah I don't think so. I don't think this was any more digestible than any other talk he's given. But you like the margarita, because that's fun, right? I love margaritas, I like to party!
This country, and this society is absolute toast. Comments like yours just drive the point home all the more. What Michael Hudson mainly seems to do, god bless him, is push the idea of some world-changing debt cancellation, which I would predict would totally destroy society, and what's left of it's threadbare moral fabric of a society that was always doomed to choke on its own greed and unapologetic, almost unconscious lust for money and status and good times regardless of the cost, at every level of society. And I can't think of anyone less deserving of something like that than your typical American overextended, margarita-drinking, ravenous consumer. On principle you deserve to have your debts doubled, not relieved. So I don't know what the solution is, but it can't be that. Or at least I better get a heads up before this cancellation happens, so I can go take out a quarter million dollar loan the day before, and then get my 'debt' erased the next day. Then I'd be in a festive mood and down for some margaritas....
IMO he should focus more on the ills of a so-called rentier economy. That's a more righteous subject matter than giving a select group of people free houses, and depositing five or even six figure windfalls into their bank accounts because they can't pay their college loans either. Obviously that would be a completely unacceptable state of affairs, and totally disastrous for society and rightfully so.
It's a bit like forest fires. At some point we decided that forest fires were bad, so we started putting them all out immediately. The result was a build up of fuels in the forest, so that when a fire did get out of control it did far more damage than it would have otherwise. In the natural scheme of things, frequent small fires kept were what kept the system in balance. In the same way, when ancient monarchs engaged in regular debt forgiveness, it was like a small fire that restored some balance and limited the damage to just the lenders. However, once debt came to be seen as inviolable, the debt levels built up to such an extent that when a "financial fire" does eventually get out of control it not only damages, but destroys lenders and borrowers alike (with the largest lenders reaping the spoils of everyone else's tragedy). We need a return to the natural state of things, to regular debt write-offs to maintain the balance of the economy.
Highly recommend Michael's books *...and forgive them their debts* and *The Collapse of Antiquity*.
Like Mr. Hudson, my conclusion is that we - the west, global north, OECD - are “stuck” from our own economic beliefs and practices.
That shouldn’t be a “political standpoint”, but rather a humble realization from available knowledge and our account of history.
My intellectual capacity being a fraction of Hudson’s doesn’t exclude me from this intuition - nor for anyone else. Societal honesty opens possibilities, while holding on to “what is” narrows any imaginary future. A very painful existential feedback loop.
If our current “system” can’t work for the majority of our own, for us - blaming “others” is a dangerous distraction. And yes, finance for few and debt for all at the level we have, are our own reality - created and allowed by us, in our own democracies.
Change that - “forgive us our debts…” - and we may change from within, not from the forces of outside power.
Not as a religious statement, just a practical one…🔥
FIRST TIME TO SEE THIS SHOW! MY FRIEND WAS RIGHT AND THIS SHOW IS GREAT! WILL BE WATCHING IT NOW!
Caesar would be impressed.
We're using his Playbook.
Thank you.
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!
Always fascinating listening to Michael Hudson.
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?
Maybe you would like to interview Peter Turchin and Dave Wengrow
I'll check them out! Thanks!
Dave Wengrow wrote a fantastic book with David Graeber called The Dawn of Everything.
Only health to Professor Hudson.
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.
This should be required teachings for all US Citizens.
Interestingly - the French developed a simple machine in 1789 that proved very helpful in encouraging the French oligarchy of the time in - "rethinking their perspectives" - on wealth distribution.
This was great! Thank you for hosting and sharing with everyone
Well done Robinson, greatly appreciated!
youve trained me like one of pavlovs dogs for sunday morning eps
hahaha
He's never been situated in such a gorgeous setting! Austin's Ale House 🌼invites us all
hahahaha i love to hear this and i'm sure they do too
Thanks!
Thank you!!!
I love listening to Michael Hudson. He is an Amazing person.
Hence the phrase, "All wars are Bankers' wars".
I guess when I’m living in my mushroom hut deep in the forest groves I’ll need to get a solar panel to charge my disposable vape
you gonna grow your hut out of Oyster mushroom insulation walls? I'm looking into this - just started doing MycoRemediation to grow oyster mushrooms from my humanure compost. thanks
Grade 9, Western Canadia high school, /question, "where did the Sumerians come fron". Answer nobody knew. HEAVY!!