Prof. Michael Hudson: The Only Economist Worth Listening To

Posted in Politics on April 25th, 2023 by dhawkinsmo

I’ve never really understood Global Economics, but now I do better than ever, thanks to Prof. Michael Hudson (primarily by watching his videos). Hudson was raised in Chicago, son of a Trotskyite and he thus became familiar with the works of Karl Marx (Das Kapital) and of Adam Smith and John Stuart Mill — he calls all three “Classical Economists” which to him roughly means they advocated “Industrial Capitalism” (in contrast to Financial / Rentier Capitalism) which would (in their minds) naturally evolve into (good) Socialism. He originally wanted to study music in college, but switched to Economics, got a PhD then went to work for Citibank analyzing “Third World Balance of Payments” … during this time he realized one of his foundational principles — “Debt that Cannot be Paid … Will not be Paid” and this led to a Fellowship with the Harvard Peabody Museum studying the “History of Debt Forgiveness” from Sumerian / Babylonian times through Jewish times, Greece, Rome and all the way down to the present. He was picked by the famous Herman Kahn of the massively influential Hudson Institute to be Herman’s right hand man (equal salary, etc) and while there wrote his first blockbuster book “Super Imperialism” which was intended to teach what NOT to do, but to his surprise was widely read by members of the US Gov’t as a “How to” manual to enslave the Third World under a clever new system using the IMF / World Bank in a way that had never before in history been done before. This fascist US / NATO Global Empire greatly extended it’s power after WW2 and as everyone knows, the USD has been the de facto global reserve currency for decades which has given the (now fascist) US Gov’t global hegemony. But that is now changing and Hudson sees the US Empire in decline now (he says ALL nations decline and fail under “Financial / Rentier Capitalism”). Hudson is now 84 years old, resides in NY but is still active giving video interviews and writing. He has a decent following in the US and now I will give you some key resources to learn about him. My first recommendation is to watch the 3 video interviews with Chris Hedges mentioned in the OP. Then you can Google his name as desired and you will find interview with various other ones including a young guy named Ben Norton @BenjaminNorton who has almost 250,000 followers. Other “Hudsonian” follows include Kathleen Tyson in the UK @Kathleen_Tyson_, a former central banker with about 7500 followers, S.L Kanthan in India @Kanthan2030 with about 60,000 followers, Pepe Escobar in Brazil @RealPepeEscobar with about 100,000 followers, and Arnaud Bertrand in France / China @RnaudBertrand with about 100,000 followers. These folks will keep you up to speed with the ongoing “Multipolar Transition” that is occurring from a “Hudsonian” perspective.

There are other non-Twitter “follows” I’ve accumulated over the years and I’ll give you those below … I jokingly call them “Saints”) …

1) 1986 – 1990 … “Saint” Josh McDowell – Christian Apologetics
2) 1990 … “Saint” Henry Morris added – Young Earth Creationism (also AiG and CMI)
3) 1993 … “Saint” Joel Salatin added – Heal the Land
4) 1994 … “Saint” Weston Price, DDS (also Dr. Vilhjalmur Stefansson)
5) 1995 … “Saint” Allan Savory added – Holistic Management
6) 2004 … “Saint” David Rohl – Egyptology, New Chronology
7) 2012 … “Saint” Ken Nair – Marriage / Ancient Hebrew
8) 2015 … “Saint” Frank Seekins – Ancient Hebrew
9) 2016 … “Saint” Dr. Ted Naiman – Food / Health (modern version of Price / Stefansson)
10) 2020 … “Saint” Douglas Petrovich – Ancient Hebrew Alphabet
11) 2021 … “Saint” Peter McCullough – COVID 19
12) 2021 … “Saint” Barry Setterfield and Prof. Immanuel Velikovsky – Creation / Solar System Origin
13) 2022 … “Saint” Elon Musk added – Free Speech / Twitter
14) 2023 … “Saint” Michael Hudson added – Global Economics