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Trickle-Down Socialism

51
Trickle-Down Socialism

Pat Donohue, Dan Goldsbury, and C$ Burns

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Welcome to Trickle-Down Socialism, where we discuss how the US currently has a system of socialism for the super rich and corporations, we try to defang the term “socialism” and explore how government, with a major shift in priorities, could be a force for good in all of our lives. Capitalism kills, economic justice, campaign finance reform, Progressive politics, Labor Unions, Labor Movement Support this podcast: https://podcasters.spotify.com/pod/show/trickledownsocialism/support
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To analyze how China is building a global alternative as the US-led neoliberal financial order decays, political economists Radhika Desai and Michael Hudson are joined by economic geographer Mick Dunford.VIDEO: https://youtube.com/watch?v=nP_o-Hk8KmMTranscript (with all graphs) here: https://geopoliticaleconomy.com/2023/05/27/china-economic-alterna…
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Economist Michael Hudson discusses his book "The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point", and how this history from 2000 years ago is still so relevant to understand our debt-based societies today.VIDEO: https://youtube.com/watch?v=Hqe3IQQo_t4You can find links to all of Michael's books at his website http…
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Wars the US waged in Iraq, Afghanistan, Syria, Yemen, and Pakistan following September 11, 2001 caused at least 4.5 million deaths and displaced 38 to 60 million people, with 7.6 million children starving today, according to studies by Brown University.VIDEO: https://youtube.com/watch?v=owjYEjib23MSources and more information here: https://geopolit…
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Ecuador's right-wing President Guillermo Lasso, a multimillionaire banker notorious for blatant corruption, dissolved the National Assembly to prevent it from impeaching him for embezzling public funds. The US government is strongly supporting the dictator as he rams through extreme anti-worker laws. He also has the backing of Peru's coup regime, w…
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The US military arms and trains foreign fighters as "proxies" to wage "irregular warfare" against adversaries, and the Pentagon does not vet them to see if they have committed atrocities, according to documents obtained by the New York Times.VIDEO: https://youtube.com/watch?v=NwO6lVykGDsSources and more information here: https://geopoliticaleconomy…
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To analyze the conflict in Ukraine, political economists Radhika Desai and Michael Hudson are joined by economic geographer Mick Dunford. They discuss the aggressive neoliberal reforms being imposed by the Ukrainian government and Europe's suicidal policies.VIDEO: https://youtube.com/watch?v=6bF3QkHIB7ITranscript: https://geopoliticaleconomy.com/20…
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Historian Aaron Good discusses Operation Mongoose, the CIA's terror campaign against Cuba; how it led to the 1962 Cuban Missile Crisis; and the response of US President John F. Kennedy (JFK).VIDEO: https://youtube.com/watch?v=mR_skuR6910This is from the Empire and the Deep State series that we are co-hosting with historian Aaron Good and producer S…
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Economist Michael Hudson responds to the misleading arguments against de-dollarization that New York Times columnist Paul Krugman made, as part of an attempt to defend US hegemony and the dollar system.VIDEO: https://youtube.com/watch?v=g9qjnl6jcx0Transcript: https://geopoliticaleconomy.com/2023/05/10/ny-times-dedollarization-michael-hudson-paul-kr…
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Mexico’s President AMLO sent Joe Biden a letter condemning US “interventionism”, such as USAID funding of right-wing opposition groups that are trying to destabilize his elected government.VIDEO: https://youtube.com/watch?v=iFxiuqE_wy8Sources and more information here: https://geopoliticaleconomy.com/2023/05/04/mexico-amlo-biden-letter-us-intervent…
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Historian Aaron Good discusses US President John F. Kennedy's policies in Latin America, the CIA's terror war on Cuba, the coup against Brazil's left-wing President João Goulart, and the assassination of dictator Rafael Trujillo and coup against President Juan Bosch in the Dominican Republic.VIDEO: https://youtube.com/watch?v=_5xAypPNe2YThis is the…
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Economist Michael Hudson joins Ben Norton to discuss the collapse of four US banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how regulators - and the government itself - are in bed with the bankers.VIDEO: https://youtube.com/watch?v=ImjdVxd09foTranscript here: https://geopoliticaleconomy.com/2023/05/05/first-republic…
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The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The US military budget is larger than the next 10 biggest spenders combined.VIDEO: https://youtube.com/watch?v=IvI58EwlwwE…
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The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022.VIDEO: https://youtube.com/watch?v=Yuy6UvRbjNUSources and more information here: https://geopoliticaleconomy.co…
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Economists Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system.VIDEO (with slides): https://youtube.com/watch?v=0Jxl4LRpIpwTranscript here: https://geopoliticaleconomy.com/2023/04/29/de-dollarization-neoliberalism-rad…
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As the war drags on, Ukraine is selling off state assets in a big privatization spree. US fossil fuel corporations like ExxonMobil, Chevron, and Halliburton are in discussions to take over the country's energy industry.VIDEO: https://youtube.com/watch?v=LXXk0e-nbvgSources and more information here: https://geopoliticaleconomy.com/2023/04/28/us-corp…
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Political economist Radhika Desai discusses the inherent contradictions in the capitalist mode of production: crises of overproduction, the tendency of the rate of profit to fall, and a trend toward monopolies and financialization. She also explains the difference between classical political economy and neoclassical economics.This is a discussion o…
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Facebook censored a report by the world's most famous investigative journalist, Pulitzer Prize winner Seymour Hersh, on the destruction of the Nord Stream pipeline between Russia and Germany. Facebook (a US government contractor) instead forces users to read a website funded and partially owned by NATO member Norway.VIDEO: https://youtube.com/watch…
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"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to [the US government's] muscular use of sanctions", warn prominent financial analysts, as countries in the Global South create economic alternatives in an increasingly multipolar world.VIDEO: https://youtube.com/watch?v=9HnUpKal9A0BRICS Bank …
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The president of the European Central Bank, Christine Lagarde, gave a speech acknowledging "the tectonic plates of geopolitics are shifting faster" and "we may see the world becoming more multipolar", with the crisis of imperialism, decline of dollar hegemony, and rise of China.Ben Norton is joined by geopolitical economist Radhika Desai to discuss…
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US Treasury Secretary Janet Yellen admitted to CNN that Washington’s unilateral sanctions on countries around the world “could undermine the hegemony of the dollar”.VIDEO: https://youtube.com/watch?v=Ser-BHLOkvkSources and more information here: https://geopoliticaleconomy.com/2023/04/17/sanctions-hegemony-dollar-us-treasury-yellenBRICS Bank de-dol…
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The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members, to help countries in the Global South build infrastructure and fight poverty.VIDEO: https://youtube.com/watch?v=OkBK2vcNFJES…
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Brazil's President Lula da Silva took a historic trip to China, where he signed many cooperation agreements and pledged to challenge the dominance of the US dollar.VIDEO: https://youtube.com/watch?v=yQJYevxPcYcSources and more information here: https://geopoliticaleconomy.com/2023/04/15/brazil-lula-china-us-dollar-dominanceCountries worldwide are d…
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Economists Radhika Desai and Michael Hudson discuss Russia's economic transition away from the neoliberal West and integration with what it calls the "World Majority" in the Global South.VIDEO: https://youtube.com/watch?v=cc-L7c2ISigTranscript here: https://geopoliticaleconomy.com/2023/04/14/russia-neoliberal-west-world-majorityThis is their progra…
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France’s President Emmanuel Macron told Xi Jinping that he opposes the US war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, yet failed to challenge Washington’s hegemony.VIDEO: https://youtube.com/watch?v=kseAIrInKcMSources and more information here: https://geopoliticaleco…
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Before it collapsed and its billionaire depositors were bailed out by the US government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.VIDEO: https://youtube.com/watch?v=-OwLg5odg5kSources and more information here: https://geopoliticaleconom…
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Historian Aaron Good discusses US President John F. Kennedy's economic policies and his clashes with US Steel and Wall Street, as well as the deaths of UN Secretary General Dag Hammarskjöld and oligarch Michael Rockefeller.VIDEO: https://youtube.com/watch?v=H4HiC0HxsrwThis is from the Empire and the Deep State series that we are co-hosting with his…
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The UN Human Rights Council voted overwhelmingly to condemn sanctions. The only countries that expressed support for unilateral coercive measures were the US, UK, EU member states, Georgia, and Ukraine.VIDEO: https://youtube.com/watch?v=q8vQSpXHtmMSources and more information here: https://geopoliticaleconomy.com/2023/04/06/west-sanctions-un-human-…
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The global de-dollarization campaign is gaining momentum, challenging the hegemony of the US dollar. China and Russia are trading in their own currencies. Beijing and Brazil dropped the dollar in bilateral trade. The UAE is selling China its gas in yuan, through a French company. Southeast Asian nations in ASEAN are de-dollarizing their trade, prom…
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Historian Aaron Good discusses US President John F. Kennedy's policies toward Africa, particularly Congo and its anti-colonial leader Patrice Lumumba, as well as Indonesia's leftist nationalist President Sukarno.VIDEO: https://youtube.com/watch?v=V_h_3SYc0c8This is the Empire and the Deep State series that Geopolitical Economy Report editor Ben Nor…
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From inside Russia, economists Radhika Desai and Alan Freeman report on the impact of Western sanctions and the Ukraine war. They discuss Moscow's integration with Asia and move away from neoliberal economics.VIDEO: https://youtube.com/watch?v=lxgiJj5FyYgRadhika and Alan are directors of the Geopolitical Economy Research Group: https://geopolitical…
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The Joe Biden administration invited numerous authoritarian far-right leaders to the US State Department's so-called "Summit for Democracy", including Israel's Benjamin Netanyahu, Poland's Andrzej Duda, India's Narendra Modi, Italy's Giorgia Meloni, and Pakistan's coup regime.VIDEO: https://youtube.com/watch?v=OK9F27WIcecSources and more informatio…
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The US government threat to ban TikTok is part of a new cold war strategy to sabotage Chinese companies and ultimately all foreign competitors to Silicon Valley monopolies. Bills introduced in Congress endanger freedom of speech, while promising more sanctions.VIDEO: https://youtube.com/watch?v=XoMnSxDeEUkTikTok bills could dangerously expand natio…
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US troops have illegally occupied Syria's oil-rich territory for years, but a top United Nations official, Farhan Haq, falsely claimed "there's no US armed forces inside of Syria". Chinese reporter Edward Xu called out the UN's hypocrisy on Ukraine.VIDEO: https://youtube.com/watch?v=wl4_2AqUORsBy Ben Norton
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The US government imposed sanctions on the International Criminal Court, threatened prosecutors' family members, and passed a "Hague Invasion Act". But now that the ICC wants to arrest Russian President Putin, Washington praises the court (while still refusing to join it).VIDEO: https://youtube.com/watch?v=haVpdVyOtKs…
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Economists Radhika Desai and Michael Hudson discuss the US banking crisis in this episode of their program Geopolitical Economy Hour.VIDEO: https://youtube.com/watch?v=y1je89h1eIgCheck out other episodes of Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP…
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China's President Xi Jinping traveled to Russia to meet Vladimir Putin, where they pledged "changes the likes of which we haven’t seen for 100 years", agreeing to deepen economic integration and challenge the hegemony of the US dollar by promoting the use of the yuan and other currencies in international trade.VIDEO: https://youtube.com/watch?v=Odd…
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The US Federal Reserve printed $300 billion in one week to save collapsing banks and bail out wealthy Silicon Valley oligarchs. 93% of Silicon Valley Bank's deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB's loans went to venture capitalist and private equity firms.Sources and more information…
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Honduras' leftist President Xiomara Castro announced her government will recognize China. Now only 12 UN member states have formal diplomatic relations with Taiwan separatists. They have a combined population of less than 39 million, or 0.49% of the planet.VIDEO: https://youtube.com/watch?v=KklV9438o1wSources and more information here: https://geop…
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Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn't calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives.TRAN…
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China sponsored peace talks that led Saudi Arabia and Iran to normalize diplomatic relations, in a big blow to the petrodollar. Both countries are major oil producers that have applied to join BRICS and are discussing selling energy in other currencies.VIDEO: https://youtube.com/watch?v=DyAFerEouN0BRICS challenges US ‘dollar dominance’, Saudi consi…
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Economists Radhika Desai and Michael Hudson discuss the evolution of the US dollar system after it was taken off the gold standard in 1971.VIDEO: https://youtube.com/watch?v=dRlOfxWR-qECheck out other episodes of their show Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP…
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Historian Aaron Good explains US President John F. Kennedy's policies on the wars on Vietnam and Laos, and JFK's conflict with the generals in the Pentagon's Joint Chiefs of Staff.VIDEO: https://youtube.com/watch?v=vkslqu9_q0wThis is from the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaro…
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President Xi Jinping denounced the US-led Western attempt to "contain, encircle, and suppress China". Foreign Minister Qin Gang condemned Washington's "hysterical neo-McCarthyism" and "malicious confrontation", opposing the "cold war mentality".VIDEO: https://youtube.com/watch?v=4laXMaMhbPoSources and more information here: https://geopoliticalecon…
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In an interview with the Chamber of Commerce, US Ambassador Nicholas Burns referred to China as a “threat”, “great challenge”, and “very difficult government”, stating arrogantly, “The United States is staying in this region. We’re the leader in this [Indo-Pacific] region”.VIDEO: https://youtube.com/watch?v=BEqmQkKlcjoSources and more information h…
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Economist Radhika Desai and Ben Norton analyze imperialism, the failure of neoliberalism, and the new cold war that the US is waging against China and Russia.VIDEO: https://youtube.com/watch?v=RVIpyOwJRW4This is part 2 in a series discussing Radhika's new book "Capitalism, Coronavirus and War: A Geopolitical Economy".You can download Radhika's book…
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Malaysia’s longest-serving Prime Minister Mahathir Mohamad said “the present war between Ukraine and Russia is caused by the Europeans’ love of war, of hegemony, of dominance”. He warned it “can be interpreted as the start of the Third World War”.VIDEO: https://youtube.com/watch?v=3zUJAvB56a4Sources and more information here: https://geopoliticalec…
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Top US military officials have stated openly that Washington is preparing to wage war on China, supporting separatists on Taiwan island. Geopolitical Economy Report editor Ben Norton gave this presentation as part of the panel discussion "Will there be a war in the Taiwan Strait?", organized by the International Manifesto Group.VIDEO: https://youtu…
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Historian Aaron Good explains the rise of US President John F. Kennedy, the First Cold War, his criticism of European colonialism, and how the CIA's Bay of Pigs attack would later reverberate in the 1963 JFK assassination.VIDEO: https://youtube.com/watch?v=5N5bs1IGLQoThis is from the Empire and the Deep State series that Geopolitical Economy Report…
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A study by the EU-funded European Council on Foreign Relations found that the West is increasingly out of touch politically with the rest of the world. Most people in China, India, and Türkiye see Russia as an important ally, and they want a multipolar world, not continued “American global supremacy”.VIDEO: https://youtube.com/watch?v=6onX5CKS3hMSo…
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