:redstar: Spartacus<p>Economic collapse in <a href="https://kafeneio.social/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a> </p><p>From <a href="https://kafeneio.social/tags/OperationGladio" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OperationGladio</span></a> to Nazi descendant <a href="https://kafeneio.social/tags/FrauUrsula" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FrauUrsula</span></a> and totally psycho Kallas, how <a href="https://kafeneio.social/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> is fatally heading towards total destruction.</p><p>Prof. <a href="https://kafeneio.social/tags/GlennDiesen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlennDiesen</span></a><br>Prof. <a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> </p><p><a href="https://www.youtube.com/watch?v=1bCqxWDbSvw" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=1bCqxWDbSv</span><span class="invisible">w</span></a></p>
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#michaelhudson
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Gentleman & Gangster<p>My favourite economist Michael Hudson in conversation with Glenn Diesen.</p><p>"Prof. Michael Hudson: Economic Collapse in Europe"</p><p><a href="https://www.youtube.com/watch?v=1bCqxWDbSvw" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">youtube.com/watch?v=1bCqxWDbSvw</span><span class="invisible"></span></a><br><a href="https://mastodon.social/tags/hudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>hudson</span></a> <a href="https://mastodon.social/tags/michaelhudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>michaelhudson</span></a> <a href="https://mastodon.social/tags/diesen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>diesen</span></a> <a href="https://mastodon.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://mastodon.social/tags/russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>russia</span></a> <a href="https://mastodon.social/tags/europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>europe</span></a> <a href="https://mastodon.social/tags/eu" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>eu</span></a> <a href="https://mastodon.social/tags/futuresgroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>futuresgroup</span></a> <a href="https://mastodon.social/tags/nordstream" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>nordstream</span></a> <a href="https://mastodon.social/tags/usa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>usa</span></a> <a href="https://mastodon.social/tags/germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>germany</span></a> <a href="https://mastodon.social/tags/gaza" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>gaza</span></a></p>
:redstar: Spartacus<p>In any case, economist <a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> is one of the best in economic theory and can explain it to you better than anyone if you give him a little of your time. </p><p><a href="https://www.youtube.com/watch?v=FFyWatftnIM" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=FFyWatftnI</span><span class="invisible">M</span></a></p>
The Left Independent 🇵🇸<p><a href="https://ieji.de/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s tariffs could cause huge global crisis, warns economist <a href="https://ieji.de/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a></p><p><a href="https://geopoliticaleconomy.com/2025/02/04/trump-tariffs-global-crisis-economist-michael-hudson/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">geopoliticaleconomy.com/2025/0</span><span class="invisible">2/04/trump-tariffs-global-crisis-economist-michael-hudson/</span></a></p><p><a href="https://ieji.de/tags/Geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Geopolitics</span></a> <a href="https://ieji.de/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://ieji.de/tags/BenjaminNorton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BenjaminNorton</span></a> <a href="https://ieji.de/tags/GeopoliticalEconomyReport" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GeopoliticalEconomyReport</span></a> <a href="https://ieji.de/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://ieji.de/tags/Mexico" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mexico</span></a> <a href="https://ieji.de/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> <a href="https://ieji.de/tags/EconomicWarfare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EconomicWarfare</span></a></p>
Fri-Henrik<p><span class="h-card" translate="no"><a href="https://mastodon.social/@Radical_EgoCom" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>Radical_EgoCom</span></a></span> <br>Here's a great video with Richard Wolff and Michael Hudson:</p><p>"Richard Wolff & Michael Hudson: Karl Marx and the Fall of the West"</p><p><a href="https://www.youtube.com/watch?v=r6Ovguv1BSA" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=r6Ovguv1BS</span><span class="invisible">A</span></a></p><p><a href="https://social.spejset.org/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://social.spejset.org/tags/richardwolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>richardwolff</span></a> <a href="https://social.spejset.org/tags/michaelhudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>michaelhudson</span></a></p>
Bytes Europe<p>Michael Hudson: Trump’s tariff threats could destabilize the global economy <a href="https://www.byteseu.com/689138/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="">byteseu.com/689138/</span><span class="invisible"></span></a> <a href="https://pubeurope.com/tags/Brics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Brics</span></a> <a href="https://pubeurope.com/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> <a href="https://pubeurope.com/tags/Debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Debt</span></a> <a href="https://pubeurope.com/tags/dollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dollar</span></a> <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/Finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Finance</span></a> <a href="https://pubeurope.com/tags/Geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Geopolitics</span></a> <a href="https://pubeurope.com/tags/Mexico" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mexico</span></a> <a href="https://pubeurope.com/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <a href="https://pubeurope.com/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://pubeurope.com/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://pubeurope.com/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a></p>
:redstar: Spartacus<p>The End of the <a href="https://kafeneio.social/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> Empire<br>Russia DESTROYS Sanctions & Rise of <a href="https://kafeneio.social/tags/BRICS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BRICS</span></a></p><p><a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <br><a href="https://kafeneio.social/tags/RichardWolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RichardWolff</span></a> </p><p><a href="https://www.youtube.com/watch?v=v5mCRPeGDLg" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=v5mCRPeGDL</span><span class="invisible">g</span></a></p>
:redstar: Spartacus<p>The End of Financial <a href="https://kafeneio.social/tags/Colonialism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Colonialism</span></a> <br><a href="https://kafeneio.social/tags/RichardWolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RichardWolff</span></a> and <a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> </p><p><a href="https://www.youtube.com/watch?v=I6eq1mIXIAA" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=I6eq1mIXIA</span><span class="invisible">A</span></a></p>
M. Ní Sídach<p>USA Is An Economic Apartheid State<br><a href="https://sfba.social/tags/BlackMastodon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BlackMastodon</span></a> <a href="https://sfba.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <a href="https://sfba.social/tags/RichardWolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RichardWolff</span></a> <a href="https://sfba.social/tags/Apartheid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Apartheid</span></a><br><a href="https://www.youtube.com/watch?v=nzAHYZxBrSI" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=nzAHYZxBrS</span><span class="invisible">I</span></a></p>
:redstar: Spartacus<p>truth is so simple</p><p>Why are <a href="https://kafeneio.social/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> and <a href="https://kafeneio.social/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russia</span></a> the <a href="https://kafeneio.social/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> No. 1 Enemy? </p><p><a href="https://kafeneio.social/tags/RichardWolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RichardWolff</span></a> & <a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> </p><p><a href="https://www.youtube.com/watch?v=LAagE-7BLN4" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=LAagE-7BLN</span><span class="invisible">4</span></a></p>
:redstar: Spartacus<p>"Well, I don't think that anyone goes to <a href="https://kafeneio.social/tags/CNN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CNN</span></a> to get serious economic analysis any more than you'd go to <a href="https://kafeneio.social/tags/NYT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NYT</span></a> to read about international affairs or domestic politics"</p><p>Well.....<a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> put things in perspective....<br>🤣🤣🤣</p>
:redstar: Spartacus<p>Global Economy's Momentous Shift and Monumental Inequality</p><p><a href="https://kafeneio.social/tags/RichardWolff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RichardWolff</span></a> and <a href="https://kafeneio.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <br>What a meeting ... </p><p><a href="https://www.youtube.com/watch?v=v5CGEQrv0Lg" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=v5CGEQrv0L</span><span class="invisible">g</span></a></p>
Cory Doctorow<p>Bankruptcy has always been with us. As <a href="https://mamot.fr/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> 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:</p><p><a href="https://pluralistic.net/2022/07/08/jubilant/#construire-des-passerelles" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">pluralistic.net/2022/07/08/jub</span><span class="invisible">ilant/#construire-des-passerelles</span></a></p><p>But America has a bifurcated bankruptcy system. For normal people, bankruptcy is more punishment than relief. </p><p>3/</p>
Leftist Lawyer<p>In response to Cass Sunstein and <span class="h-card" translate="no"><a href="https://qoto.org/@freepeoplesfreepress" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>freepeoplesfreepress</span></a></span> </p><p>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. </p><p>What we practice today is <a href="https://kolektiva.social/tags/NEOLIBERALISM" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NEOLIBERALISM</span></a>. Or, liberalism completely dominated by "finance capitalism" as described in the link I post below by <a href="https://kolektiva.social/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> & <a href="https://kolektiva.social/tags/SteveKeen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SteveKeen</span></a>. </p><p> Evidence of this fact is the utter disappearance in the U.S. of industrial capitalism & industrial policy -- again spoken of in depth below. </p><p>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.</p><p>Then, ask yourself where "liberals" get the majority of their campaign contributions? Huh? Yup ... you guessed it: Wall Street. </p><p>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.</p><p><a href="https://kolektiva.social/tags/news" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>news</span></a> <a href="https://kolektiva.social/tags/socialism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>socialism</span></a> <a href="https://kolektiva.social/tags/liberal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>liberal</span></a> <a href="https://kolektiva.social/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>politics</span></a></p><p><a href="https://www.nakedcapitalism.com/2023/11/how-finance-capitalism-ruined-the-world-dr-michael-hudson-dr-steve-keen.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nakedcapitalism.com/2023/11/ho</span><span class="invisible">w-finance-capitalism-ruined-the-world-dr-michael-hudson-dr-steve-keen.html</span></a></p>
:redstar: Spartacus<p>“The <a href="https://kafeneio.social/tags/UnitedStates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UnitedStates</span></a> is deliberately risking and even triggering <a href="https://kafeneio.social/tags/WorldWarIII" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WorldWarIII</span></a> because it realizes that the <a href="https://kafeneio.social/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> is losing its military power. They realize that our position is weakening, so if we're going to blow up the world, let's do it now, because we're going to lose even more heavily if we do it in the future,” said economist and former Wall Street analyst Prof. <a href="https://kafeneio.social/tags/MICHAELHUDSON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MICHAELHUDSON</span></a></p>
Earthling of the Rhine<p>Michael Hudson's opening remarks and answers to the first question or two, running through 23:39, are some of the best descriptions of the current economic system in the West and who benefits from it that I've heard in a while:<br><a href="https://www.youtube.com/watch?v=ecElFWphOAE" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=ecElFWphOA</span><span class="invisible">E</span></a><br><a href="https://ni.hil.ist/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://ni.hil.ist/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <a href="https://ni.hil.ist/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://ni.hil.ist/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://ni.hil.ist/tags/neofeudalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>neofeudalism</span></a></p>
Earthling of the Rhine<p>Graeber is one of the few Western writers who helped me feel less alienated from other humans, who wasn't trying to sell something, or pit me against others in an ideological battle. While I don't feel they're as profound as Graeber, I've recently started listening to Radikha Desai and Michael Hudson's talks centered around geopolitical economics; they bring a lot of important context to this moment in history, peeling back the onion layers of Western propaganda to reveal the underlying currents driving international politics and the future of humanity at a global level. This is the first in their series:<br><a href="https://geopoliticaleconomy.com/2023/01/13/radhika-desai-michael-hudson-multipolarity/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">geopoliticaleconomy.com/2023/0</span><span class="invisible">1/13/radhika-desai-michael-hudson-multipolarity/</span></a><br><a href="https://ni.hil.ist/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://ni.hil.ist/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://ni.hil.ist/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> <a href="https://ni.hil.ist/tags/RadikhaDesai" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RadikhaDesai</span></a></p>
Cory Doctorow<p>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.</p><p>McKenzie doesn't know what will fix this. But <a href="https://mamot.fr/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a>, a renowned scholar of the debt practices of antiquity, has some ideas. </p><p>23/</p>
Cory Doctorow<p>But this is an ideological fairy-tale. As <a href="https://mamot.fr/tags/MichaelHudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelHudson</span></a> describes in his brilliant histories of <a href="https://mamot.fr/tags/jubilee" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>jubilee</span></a> - debt cancellation - through history, societies that unfailingly prioritize the claims of lenders over borrowers eventually collapse:</p><p><a href="https://pluralistic.net/2022/07/08/jubilant/#construire-des-passerelles" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">pluralistic.net/2022/07/08/jub</span><span class="invisible">ilant/#construire-des-passerelles</span></a></p><p>Foundationally, debts are amassed by producers who need to borrow capital to make the things that we all need. </p><p>18/</p>
The week ends, the week begins<p><a href="https://mastodon.bida.im/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a> <br><a href="https://mastodon.bida.im/tags/dollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dollar</span></a> <br><a href="https://mastodon.bida.im/tags/hegemony" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>hegemony</span></a> <br><a href="https://mastodon.bida.im/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <br><a href="https://mastodon.bida.im/tags/wars" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wars</span></a> <br><a href="https://mastodon.bida.im/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a></p><p>This is not how this kind of transition happens. As we stressed, it took two world wars and the Great Depression to dethrone <a href="https://mastodon.bida.im/tags/sterling" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>sterling</span></a>. The fact that countries are succeeding in reducing their attack surface to US sanctions by engaging in more bilateral trade does reduce the perception of US power (keep in mind sanctions never worked as well as the PR would have you believe).</p><p><a href="https://mastodon.bida.im/tags/interview" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>interview</span></a> <br><a href="https://mastodon.bida.im/tags/michaelhudson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>michaelhudson</span></a> <br><a href="https://mastodon.bida.im/tags/video" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>video</span></a> </p><p><a href="https://www.nakedcapitalism.com/2023/05/ny-times-is-wrong-on-dedollarization-economist-michael-hudson-debunks-paul-krugmans-dollar-defense.html" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nakedcapitalism.com/2023/05/ny</span><span class="invisible">-times-is-wrong-on-dedollarization-economist-michael-hudson-debunks-paul-krugmans-dollar-defense.html</span></a></p>
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