Michael Hudson - Life and Thought 20180507

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Global University for Sustainability

Global University for Sustainability

5 жыл бұрын

The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy's speech about economics beautiful and asethetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital.
English subtitles are available, please click CC or Settings to display them.
The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.

Пікірлер: 312
@robertbaird6432
@robertbaird6432 4 жыл бұрын
What a remarkable autobiography! The breadth and depth of this man's knowledge is extraordinary, a true polymath. Exceptional.
@flow963
@flow963 9 ай бұрын
We, the people, need to hear more from this extraordinary man.
@larryswindcatcher
@larryswindcatcher 5 жыл бұрын
Dr. Hudson is a rare scholar and thinker. I hope someone makes a movie of his life in his own lifetime..
@johndeacy7623
@johndeacy7623 10 ай бұрын
I only came across Michael Hudson fairly recently. I find him absolutely fascinating. But what really grabbed me one day was when he wrote "In today's U.S. duopoly the role of the Democratic Party is to protect the Republicans from attacks from the left."
@meggallucci5300
@meggallucci5300 2 жыл бұрын
Holy cow. Boy, can Professor Hudson talk nonstop. I am exhausted just listening. Very interesting life and history.
@YouHaveAGoodPoint
@YouHaveAGoodPoint 5 жыл бұрын
A thumbs up is never enough to give Micheal Hudson. 💕
@tonyeclau
@tonyeclau 3 жыл бұрын
Yeah, there should be a 10x thumbs up button!
@jamesmorton7881
@jamesmorton7881 3 жыл бұрын
He sets the bar as Carl Sagan would have wished. Anerican democracy at work. As an engineer, I see that economics has very little to offer in guiding policy. The extortsion of the masses by the few is discusting. FDR's Economic Bill of Rights erased along with the middle class. ROSE: Science and technology are propelling us forward at accelerating rates. SAGAN: That's right. And if we don't understand it, and by "we" I mean "the general public," if it's something that, "Oh, I'm not good at that, I don't know anything about it," then who is making all the decisions about science and technology that are going to determine what kind of future our children live in? Just some members of Congress? But there's no more than a handful of members of Congress with any background in science at all. And the Republican Congress has just abolished its own Office of Technology Assessment-the organization that gave them bipartisan, competent advice on science and technology. They say, "We don't want to know. Don't tell us about science and technology." ROSE: Surprising. What's the danger of all this? I mean, this is not the thing that... SAGAN: There's two kinds of dangers. One is what I just talked about. That we've arranged a society based on science and technology in which nobody understands anything about science and technology, and this combustible mixture of ignorance and power, sooner or later, is going to blow up in our faces. I mean, who is running the science and technology in a democracy if the people don't know anything about it? And the second reason that I'm worried about this is that science is more than a body of knowledge. It's a way of thinking. A way of skeptically interrogating the universe with a fine understanding of human fallibility. If we are not able to ask skeptical questions, to interrogate those who tell us that something is true, to be skeptical of those in authority, then we're up for grabs for the next charlatan political or religious who comes ambling along. It's a thing that Jefferson laid great stress on. It wasn't enough, he said, to enshrine some rights in a Constitution or a Bill of Rights. The people had to be educated, and they had to practice their skepticism and their education. Otherwise we don't run the government -the government runs us. Carl Sagan May 27th 1996
@chuckabbate5924
@chuckabbate5924 2 жыл бұрын
@@jamesmorton7881 OTA was abolished by W.
@TankGump96
@TankGump96 Жыл бұрын
@@jamesmorton7881 Can I fit that on a T- Shirt? 😆
@westleymanc
@westleymanc Жыл бұрын
True that, 💯
@krishnapriyaclasses
@krishnapriyaclasses 4 жыл бұрын
Economists get hugely rewarded for espousing policy beliefs that increase the wealth of the rich, so it's hard to find modern economic thought that actually helps the middle class. Michael Hudson has been an economist of the people for decades even though it's been a constant burden on his career. He is a man who puts personal advancement behind academic honestly; a rarity in our times. Kudos Mr. Hudson!
@marcuspeck963
@marcuspeck963 3 жыл бұрын
Right! Did you see what happened to David Graeber at Yale! Keeping your soul intact is more important than all the tea in China.
@YCHTT
@YCHTT 4 ай бұрын
If you have really listened to Michael Hudson, then you would have known that he said it many times: There's no "middle class," but only the filthy rich and the wage earners...
@Tactical_Manatee
@Tactical_Manatee 5 жыл бұрын
Wow! What a story! I've always wanted to hear Michael's bio. What a terrific video.
@alanblanes2876
@alanblanes2876 5 жыл бұрын
Ditto that...
@nging8841
@nging8841 3 жыл бұрын
@@alanblanes2876 1 1 13tg
@user-nt2tt5bc3x
@user-nt2tt5bc3x 3 жыл бұрын
Www.google Www.google Www.google 8:00 8:8 8 888888888888888889888888888
@doctordodo3742
@doctordodo3742 3 жыл бұрын
Thank you Professor Hudson. I read most of your books when I was doing my Doctoral studies. I now understand why somehow you became my favorite International Economics and History of Economic Thought. I wish to meet with you one day. May God/Allah give you long life. The world needs your teachings and knowledge. We're all better off learning from such a luminary such as yourself.
@juligrlee556
@juligrlee556 5 жыл бұрын
I sincerely find all lectures with Michael Hudson to be worthwhile and important to understanding the dilemmas we as human being now face with our current economic systems.
@tumerictumeric
@tumerictumeric 5 жыл бұрын
The breathtaking trajectory of a pivotal life and mind. Thank you Professors Lau Kin Chi and Sit Tsui Jade.
@kinky_Z
@kinky_Z 5 жыл бұрын
This oral bio is beyond amazing! When he described a prof who insisted his students take LSD before listening to his lectures, I had to PAUSE and do a few deep tokes. AMAZING! I just LOVE Michael Hudson!
@silverchief2910
@silverchief2910 3 жыл бұрын
Also, driving while on LSD is not a good idea. LMAO.
@bothandeach
@bothandeach Жыл бұрын
@@silverchief2910 *Walking* is an achievement. He is the genius of our times. My times anyhow. An hour well-spent ..
@ideletemyelf1585
@ideletemyelf1585 5 жыл бұрын
the fact the Rosetta Stone is a debt cancellation is utterly mind blowing that isn't more well known.
@judgenap
@judgenap 5 жыл бұрын
The rosseta stone is not far from me me. now it takes on a new meaning
@Nerdcoresteve1
@Nerdcoresteve1 4 жыл бұрын
We live in an era where such things aren't allowed to be possible.
@dinnerwithfranklin2451
@dinnerwithfranklin2451 4 жыл бұрын
Three guesses why it isn't more well know.
@debralegorreta1375
@debralegorreta1375 4 жыл бұрын
... i wonder why that isn't more well known, hummm.....
@jsc1227
@jsc1227 5 жыл бұрын
A Great Man with a powerful message, all his economics tomes should be required reading in our schools
@AtlantaBill
@AtlantaBill 5 жыл бұрын
And there should also be classes on union organizing, which most of the students could profit by after they've received their worthless degrees.
@ipeeinmysinkimafraidtocome7127
@ipeeinmysinkimafraidtocome7127 5 жыл бұрын
@@Artamentous now jew
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
Please no. The students get too much socialism taught by socialists, already.
@GuyCybershy
@GuyCybershy 5 жыл бұрын
This courageous and brilliant man has been waging a war against neo-liberalism against very long odds.
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
Yet believes in socialism as the answer🤣
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@oscarwilde5473 what are you, if you are not a socialist? Nice ad hominen comment, that you assume I dont or cant think for myself. Then you follow seemingly pushing the virtues of socialiam. Let's see if I can think for myself and just as important whether you can?
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@oscarwilde5473 ....and then you strawman the current mixed economy as capitalism. Wolf and Hudson do this constantly, so do I assume socialists never think for themselves and simply parrot the failed ideas of Marx. Do you do this similarly or do you think for yourself? With the greatest respect I am looking forward to your erudite, and enlightening responses.
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@oscarwilde5473 interesting how you make the analogy of the world is not black and white.....nails...blah, yet socialists believe all truth comes from Marx who has the recipe for the creation of paradise. Sounds like religion, and socialists sure dont like religion?
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@oscarwilde5473 what are you definitions for socialism and capitalism?
@AntonRah
@AntonRah 5 жыл бұрын
Excellent talk. Prof. Hudson is a Jewel and a treasure for economic history, thought and process - thank you for posting.
@SteveMoyer
@SteveMoyer 5 жыл бұрын
Michael Hudson is a national treasure. Cherish him!
@karengrice2303
@karengrice2303 3 жыл бұрын
What an interesting life Michael has had. He has such a wealth of knowledge and experience to share with others. He is a treasure. Thank you for sharing with us!
@sanford943
@sanford943 5 жыл бұрын
I first heard of Hudson by listening to Richard Wolff's podcast. And I first heard of Richard Wolff when he was on Thom Hartman's radio show. And that was just by chance. Pretty much the same with David Harvey. Then a week or so ago I came across an article in Counter Punch. I think I saw a reference on twitter. The writer said that Hudson was the best economist in the United States (maybe the world). He said all you would need to know about the economy is to read Hudson's book Kill the Host. So among other things I am kind of reading and listening to I have started reading that. I have never had a clue about economic theory as that never interested me that much. But since listening to Wolff and his guests I certainly have a much deeper understanding of the subject and about Marx. People are so afraid when they hear is name. I don't think I could work my way through Capital but people like Wolff, Hudson, and Harvey, make economics much more understandable. It is too bad that the majority of people are so unaware of the people I mentioned. If they know the names of any economists, it is probably Krugman, Stieglist, (spelling) and go back to Freidman.
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 5 жыл бұрын
hudson is the best economist alive.
@patrickholt2270
@patrickholt2270 4 жыл бұрын
Steve Keen is also very good. And you can study with him via Patreon. He's another one of the small handful of economists who predicted the 2007 crash. He's basically using Marx, but adding into Marx's theory of value physical energy values, from fossil fuels, solar and other power sources, and food values - calories and nutritional values, as well as working Minsky's dynamic modelling, as opposed to the neo-classical and neoliberal static equilibrium models that don't allow for crisis, or change of any kind, because they assume away time, space and irrationality and so on. I like to think I had the same idea seperately, but I was doubtless influenced by Keen and others when I was thinking about the vast heavy lifting done in the industrial revolution not just by the bourgeois mode of production, per Marx, harnessing labour power in a new way, but by the exploitation of fossil fuels for motive power, to be able to move vast weights of materials and commodities across vast distances unprecedentedly quickly, and to vastly aid construction, which Marx doesn't account for directly, or in my very limited knowledge, just referencing mental and physical labour and the accumulated knowledge of humanity as sources of surplus value, and conventional economics not pricing the energy output of fossil fuels, but treating it as essentially free energy, only costing the extraction, distilling and transportation of fossil fuels. Because I was thinking about what do we do when it runs out, how do we replace all that vast motive power, especially for vehicles and as the source of organic chemicals for making fertilizer for intensive agriculture, which led me to thinking about the industrial revolution and Marx's exlanation of it, in which (to my limited knowledge) he says little about fossil fuels, and especially not recognizing them as finite and that finiteness being a constraint on exponential growth.
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@voidisyinyangvoidisyinyang885 why? How many co-ops and worker run factories has he helped create?
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
@@patrickholt2270 Steve seems to be quite the capitalist, requiring capital payment for his exclusive services. I thought capitalism was bad? After being supported by worker taxation his whole career he still requires payment for his work to be made available. Quite the socialist.
@patrickholt2270
@patrickholt2270 4 жыл бұрын
@@kurtwilkinsongardendesign8000 It's almost like he needs to eat food to live or something, which obviously makes him Hitler.
@408Magenta
@408Magenta 5 жыл бұрын
Great talk. So this is Michael Hudson. Brilliant.
@shrimboy7492
@shrimboy7492 5 жыл бұрын
"They never did a background check on me." Michael Hudson
@HOWBAZARY
@HOWBAZARY 2 жыл бұрын
Hudson is a liar. He talks a lit but never says anything. People are lazy and stupid. He is a Freemason scum bag.
@nthperson
@nthperson 5 жыл бұрын
For what it is worth ... A fairly recent chapter in Michael Hudson's life story is his relationship with economists and others who look to the principles and analysis of Henry George for guidance. This relationship is best described as very strained, and strained from the very beginning. I cannot remember when I first met Michael. It probably occurred in 1993 or early 1994. At the time I was serving as President of the Board of Trustees of the Henry George School of Social Science in New York City. One of the other board members, Si Winters, brought Michael to the school with the object of having him perform research to determine what portion of the nation's income was rent (and, therefore, unearned by individuals or private entities). The relationship did not work out well. Michael assumed the Henry George School was going to provide a high level of support to him, which the school was neither staffed nor equipped to provide. Despite the problems, during the time he was under contract with the school, he completed a short book titled "The Lost Tradition of Biblical Debt Cancellations," published by the Social Science Forum of the Henry George School. Michael also wrote several papers that appeared in the school's newsletter. In 1997 he delivered the paper titled "Quantifying Rent: Tax Reform and the Barriers to Research" at the conference of the International Union for Land Value Taxation and Free Trade, held in Brighton, England that year. Although Michael's association with the Henry George School ended around this time, he had established a working relationship with a number of leading figures in the Georgist community, particularly Fred Harrison, at the time editor of the London-based periodical "Land & Liberty." In 1996, Fred brought together a diverse group of "Western experts" to offer advice on privatization to the Russians. This trip was the result of several years of work with various Russian political figures and members of the scientific community. Michael and I were part of this team who travelled to Moscow to deliver our views to the Russian Duma. My record of this trip was later printed in the Henry George School's organ, "Henry George News." Michael's view of how the world works is, as he states, much closer to that of Karl Marx than to that of Henry George. As did Marx, Michael acknowledges that rents rightfully belong to society. However, he sees Marx's labor theory of value as a sort of means test for the establishment of rules for wealth and income distribution. To Henry George, the cause of the maldistribution of wealth is monopoly and the monopoly of nature, particularly. George argued the case for a labor and capital goods theory of property. His theory of value was based on "labor saved" as this applied to the production of goods used as capital goods (i.e., to produce additional wealth). The failure of neoclassical economics to describe the real world has resurrected and broaden interest in both Marx and George. Both deserve to be studied and included in any serious analysis of economic theory and the public policy options that will best solve the serious problems of continued widespread poverty, the expansion of monopoly privilege, and the boom-to-bust character of the world's economy. Edward J. Dodson, Director The School of Cooperative Individualism
@marcuspeck963
@marcuspeck963 3 жыл бұрын
Thanks Edward, I'm on the left Like Professor Hudson, but I was introduced to Hudson (and other important thinkers and ideas) through listening to Karl Fitzgerald on "Renegade Economists", a program centered on the ideas of Henry George, broadcast on Melbourne's wonderful radical radio station, 3CR Community Radio.
@nthperson
@nthperson 3 жыл бұрын
@@marcuspeck963 I have known Karl for maybe a decade or longer. Two years ago during a trip to Australia I spent a few days in Melbourne. I gave a talk at the Prosper Australia office and Karl recorded an interview later aired on 3CR. Prosper Australia and Karl are going great work.
@marcuspeck963
@marcuspeck963 3 жыл бұрын
@@nthperson Great! I'll make sure to catch up with your talk!
@sdavids8741
@sdavids8741 5 жыл бұрын
Michael thank you... you are the best and a light in the darkness
@Angel-O369
@Angel-O369 5 жыл бұрын
24:16 When I'm asked what I understood from watching this video... No. Seriously, I recently discovered Michael Hudson through the Keiser Report, and I'm learning a lot!
@judgenap
@judgenap 5 жыл бұрын
So much Knowledge. Micheal Hudson real treasure .
@rockyfjord4710
@rockyfjord4710 5 жыл бұрын
Fantastico! Like reading Rostovtzeff's 'Social and Economic History of the Roman Empire.' Will listen to again and again until every idea is absorbed.
@Matamick
@Matamick 5 жыл бұрын
What an extremely interesting life, from a very clever man. - Fascinating!
@Bisquick
@Bisquick 4 жыл бұрын
This guy is so. Smart. It's not obvious at first but then it's like uhh, yeah, you know everything. A contemporary mentat. It really shows how a cross-disciplinary embrace of all knowledge can mold a novel and insightful perspective on like...everything.
@SlackKeyPaddy
@SlackKeyPaddy 5 жыл бұрын
A very interesting personal history told by a very brilliant and very kind human being.
@tomhall7633
@tomhall7633 5 жыл бұрын
I certainly hope this receives wider distribution. Great job!
@patriceortovent6451
@patriceortovent6451 5 жыл бұрын
Very inspiring man indeed, honest as well, how many are alive and active like him, l wonder.
@user-jk2yt8fd5c
@user-jk2yt8fd5c 5 жыл бұрын
Just amazing interview. Hudson at his best.
@davidsmith5023
@davidsmith5023 5 жыл бұрын
After learning MMT and reading Nomi Prins' "All the President's Bankers" this is a really good supplemental. It's pretty shocking to discover how our world really works. Here, Hudson is giving us stories we'll not hear anywhere else.
@YCHTT
@YCHTT 4 ай бұрын
You only learn the economical aspects of the criminal system that destroy the world; wait till you dig deeper into other areas of this American-led western imperialism system.
@garretttedeman
@garretttedeman 5 жыл бұрын
Amazing & remarkable talk. ...There are a number of threads here that I've heard briefly before, but couldn't quite understand how he developed them or built them out. A lot of this is really pretty groundbreaking and is a fresh take on areas of scholarship that are ahead of the curve. Great find!
@GoranThaGreatOne
@GoranThaGreatOne 3 жыл бұрын
Man o' man, this cat is a straight up GEM...
@GoranThaGreatOne
@GoranThaGreatOne 3 жыл бұрын
@TryllaTröllMaistre Fictitious Fables of Europa Every time I listen to Michael Hudson I learn something new...
@jamesderoc6717
@jamesderoc6717 4 жыл бұрын
holy shit , he was already a favorite but i had no idea his story. incredible
@Yourismouter
@Yourismouter 5 жыл бұрын
thank you for this fascinating interview by the one of the most brilliant truthtellers and mythbusters at least in the field of economics but also other subjects. Love Michael Hudson, whenever he's on the Real News Network or a place like Renegade inc or the Keiser Report you will be enlightened. there's a good interview of him on Counter Punch radio to but this is nice to hear his incredible background story, simply amazing.
@Glenintheden
@Glenintheden 5 жыл бұрын
I think at ~17:20 where he summarized the philosophy of the mainstream academic paradigm of economics where they argue "If the world worked this way.... "-- I think that does sum up pretty well the ideological flaw of so-called freemarket economics. Hayek seems to be in some sort of fantasy land in his mind when he wrote 'The Road to Serfdom". In the real world, when there isn't a strong central government with good regulations governing commerce, it is inevitable that monopolies form, workers and the environment are exploited, consumers are harmed, wealth becomes concentrated -- that's the real world and to the degree that Hayek's principles are followed that's the world we are living in currently and it's only getting worse as the principle of freemarket economics are followed by the powers that be.
@luther_beckett
@luther_beckett 5 жыл бұрын
That was the crux of the biscuit for me.
@polydimensionalsphilosophy3456
@polydimensionalsphilosophy3456 4 жыл бұрын
Boycott the bs Strive for self sufficiency and community sufficiency Buy local General Strike most corporations and governments Refuse to submit Study Listen Garden Learn
@marcuspeck963
@marcuspeck963 3 жыл бұрын
Yes, and as Michael Hudson said recently when the government is stripped of the ability to (or refuses to) regulate and plan economic activity, the planning is simply ceded to the corporations, the oligarchy (in their interests). If politicians could (or would) formulate the question so clearly, what would the people choose?
@JoaoSantos-lv4rc
@JoaoSantos-lv4rc 4 жыл бұрын
"i realized they'd never done a security check on me." Trotsky's godsonxD marvellous. Thank you for this.
@paulvalentine4157
@paulvalentine4157 5 жыл бұрын
Jes*s, that was amazing. What a life!
@fracta1organism
@fracta1organism 5 жыл бұрын
michael hudson should put his life in a memoir, it would be very interesting and an historical document in itself.
@alisonwilks302
@alisonwilks302 3 жыл бұрын
I have watched you a million times . I am very grateful for you xxxxxxxxxxxxxxxxxxxxx
@petepeterson1671
@petepeterson1671 2 жыл бұрын
People like him should never be allow to help other countries. Wtf is our government doing.
@experiencescotlanddifferen4910
@experiencescotlanddifferen4910 5 жыл бұрын
absolutly fantastic and for ones, it makes even sense, exactly what we need right now, respect
@hirschowitz1
@hirschowitz1 4 жыл бұрын
I still have volumes of Lenin, Marx, Bloom, Twain, Mahfouz, Trotsky, Beardsley et al on my shelves.....I understand this only too well without going into details about my incarceration in apartheid SA but here in lockdown in Manhattan I’m enjoying rereading my extensive library and listening to these wonderful KZbin offerings.... thank you, thank you Professor Hudson. Lovely chair by the way..... Miss Jenny
@zioslayerbear8592
@zioslayerbear8592 5 жыл бұрын
I have lived a small life compared to this gentleman.
@curtisfowler7624
@curtisfowler7624 11 ай бұрын
Dr Hudson IS leading a revolution as expected as a child
@FuzzyDunlots
@FuzzyDunlots 5 жыл бұрын
I'm 51 minutes in and I never want him to stop talking. This is amazing.
@GregoryJWalters
@GregoryJWalters 5 жыл бұрын
Extraordinary Life and Thought, indeed, and for those Unrewarded Geniuses out there..... well, take Inspiration! Peace!
@408Magenta
@408Magenta 5 жыл бұрын
You are intellectually richer for having focused on Asian arts.
@papaluskask999
@papaluskask999 5 жыл бұрын
WTF??? CIA, chase bank, standard oil, Rockfeller all connected. He worked for them. Amazing 😮
@vincerosales5226
@vincerosales5226 5 жыл бұрын
So, it makes sense that he was a Trotskyist. Trotsky lived in NYC supported by Wall Street and was sent to Russia via Canada with banker cash to carry out the Bolshevik Revolution. Read Wall Street and the Bolsheviks by Prof. Antony Sutton.
@thenewtalkerguy496
@thenewtalkerguy496 4 жыл бұрын
All of the powerful groups conspire together in order to maintain and grow their power. This is an inevitability. So anyone who tells you that they dont do this are either misinformed or lieing. Plain and simple.
@mimonkey3
@mimonkey3 3 жыл бұрын
He didn’t work for the CIA! Listen again. He said they tried and failed to recruit him. Edit: My bad. Hudson did work for the CIA. He prepared a report for them.
@raysilver2b
@raysilver2b 10 ай бұрын
Fantastic interview!
@timmcmaster6435
@timmcmaster6435 3 жыл бұрын
Fantastic story by a great man and caring citizen. Thank you Michael for all your wisdom and sharing and caring 👍
@mjfitzwater2915
@mjfitzwater2915 2 жыл бұрын
Citizen of the world
@AtlantaBill
@AtlantaBill 5 жыл бұрын
I had no idea that Michael Hudson was Leon Trotsky's godson and knew Max Schachtman (in later years to become a renegade from revolutionary Marxism), Terence McCarthy, and György Lukácz. A pleasant surprise because I've absolutely adored Michael Hudson for a few years now (only now having found this interview), and I was for many years active in the Trotskyist movement and have known several Minneapolis Trotskyists, including Joe Hansen, a 1938 Minneapolis Teamster organizer, who was an (as it turned out unsuccessful) bodyguard for Trotsky in Mexico. There's a conspiracy theory having verisimilitude that one of Stalin's henchmen (in this case a woman) had infiltrated the SWP and played a role in the assassination. One of my friends who was a fellow-traveller of our movement was a concert pianist, so I wonder now whether he'd ever met Michael Hudson. I was also pleasantly surprised to find out his early interest in Germanic languages and philology, which I've had a lifelong interest in because of an early interest of mine in German Romanticism (which was one of the things that led me to Marxism). What a brilliant mind! Would that I'd had the intellectual brilliance and mental discipline of Michael Hudson! We're so lucky to have him. He's my favorite Marxist economist. For a time I too wanted to be an economist and gave my bourgeois economics instructors pure hell. Bourgeois economics is trash: exactly what Michael Hudson says about it, and I'd add that Vilfredo Pareto (a founder of Neo-Classical economics) was an honorary member of Mussolini's Gran Consiglio del Fascismo and Mussolini called him "the founder of fascism". Michael Hudson has me wondering how many of the current financial economists know what he does and keep their mouths shut. In many ways, my life has been a junior version (you could almost say "infantile version") of Michael Hudson's life experience.
@allypoum
@allypoum 5 жыл бұрын
Nice one Bill. Solidarity, brother.
@stefanoicepick
@stefanoicepick 7 ай бұрын
For this reason, Hudson is afraid to call the capitalists, the media owners and, above all, the American foreign policy makers by a common denominator, their jewish ancestry. He prefers to talk about capitalists and the one percent and remains safely abstract in that regard.
@saukrates420
@saukrates420 4 жыл бұрын
Incredible life of Michael and such amazing work. Truly a wealth of knowledge and insight here.
@bellakrinkle9381
@bellakrinkle9381 Жыл бұрын
What a fascinating man - today is Michael Hudson's birthday.We are delighted to know the history of his early years; Pefect! 3/14
@vivalaleta
@vivalaleta 5 ай бұрын
A genius with empathy.
@tumerictumeric
@tumerictumeric 5 жыл бұрын
And how providential he didn't become a conductor... Although had he done, some of us would have been unwittingly glad he didn't become an economist. Whereas the truth is, as someone said: "Our continued survival may hinge on the fact of a few simple truths being understood by a handful of beings, before things go too far." As they possibly have.
@GregoryJWalters
@GregoryJWalters 5 жыл бұрын
I have Read all the Comments below. I may be wrong, but I hear or see no Kritik of Prof. Hudson. As an Author and Academician, and mindful of my limited knowledge, I may only say Shame on those American Publishers who held up, then refused to publish his work. Sure, he is a bit eccentric..... for example, Prof. Hudson likes Loooong Prefaces. But his Publishers want loooong explanations of how his work can be appropriated and commodified by those targetted audiences that commit up front CASH.... ya know.....those who wish to make money. Sad. But true. I wish I might meet Prof. Hudson some day. Like Alan Gewirth. Like Bernard Lonergan. Like so many under-appreciated Thinkers who have been Discriminated against by Mainstream Economics or Whatever Discipline, but certainly by POWER. Thank you Prof. Hudson. You are special..... only a few will understand that. Your work in ancient Economics is deeply appreciated by a Harvard University Graduate that lived very very close to the Peabody Museum and listened carefully to Acadian Cuneiform being read aloud in the basement of Andover-Harvard Divinity School Library Peace, Prof. Gregory J. Walters (Harvard University, M.Div. 1982) God Bless You, Michael Hudson, and Give Back for you have Received so much, and your intellectual Cup now runneth over!
@RiaSwiftHealing
@RiaSwiftHealing 5 жыл бұрын
I don't find him eccentric. I find him brilliant. People this smart are not normal, thank GOD.
@GregoryJWalters
@GregoryJWalters 5 жыл бұрын
@@RiaSwiftHealing Endearingly .... I mean Ria
@tonyeclau
@tonyeclau 3 жыл бұрын
Such an admirable man Michael Hudson is. My sincere thanks to him and the people who brought this video to play.
@FuzzyDunlots
@FuzzyDunlots 4 жыл бұрын
Yup still watching this interview over and over.
@kingneptune8937
@kingneptune8937 5 жыл бұрын
What a gem.
@SuneilBasuentropy
@SuneilBasuentropy 3 жыл бұрын
God child of Trotsky! How cool can Michael Hudson get? Thanks you Micheal for helping me see the dangers of FIRE.
@billyquaide1902
@billyquaide1902 3 жыл бұрын
Do more interviews like this one from the important voices in the world. Thank you for this insightful interview, far more beneficial than other styles of interview. Every person not familiar with Mr. Hudson that wants to fight government/Wall Street corruption should watch this first.
@FreerMasons
@FreerMasons 2 жыл бұрын
Interesting his perspective on the teachers only wanting his money, not his mind. I hadn’t looked at it that way about my own education.
@leehumphries7696
@leehumphries7696 5 жыл бұрын
Great post
@Documentariesism
@Documentariesism 3 жыл бұрын
Michael! What a story! I hope you are well.
@dinnerwithfranklin2451
@dinnerwithfranklin2451 4 жыл бұрын
This man just gets more and more interesting.
@robzendance7392
@robzendance7392 2 жыл бұрын
This interview was amazing. Hudson is indeed a treasure.
@alexanderpeca7080
@alexanderpeca7080 5 жыл бұрын
Fascinating biography - the underlying thread has been curiosity and the pleasure derived from knowing things.
@alisonwilks302
@alisonwilks302 3 жыл бұрын
You remind ,e of Bertrand Russell and the wreath lectures . You can keep watching them - and you'll never get bored .
@Luke43168
@Luke43168 5 жыл бұрын
Excellent...thank you
@Smith34567
@Smith34567 5 жыл бұрын
Very interesting interview, Hudson is awesome.
@kimberlymims3792
@kimberlymims3792 Жыл бұрын
An amazing person! I wish him a happy new year and I’m grateful he is fighting on!
@johnsmith5139
@johnsmith5139 5 жыл бұрын
i love him going onstage and pretending to be in a dancer in a surrealist ballet to avoid thugs beating him up for pulling his delegation from an economics summit after accusing them of being cia plants lol
@elysium619
@elysium619 4 жыл бұрын
Hudson is an unknown national treasure.
@sehaalturk7598
@sehaalturk7598 5 жыл бұрын
The best economist in the world.
@kurtwilkinsongardendesign8000
@kurtwilkinsongardendesign8000 4 жыл бұрын
On what basis!
@kamilla1960
@kamilla1960 Жыл бұрын
Wonderful bio! Thank you Professor Hudson!
@effael
@effael 5 жыл бұрын
All that and not one sip of liquid. Amazing to hear this and all makes great sense!!
@annpacey105
@annpacey105 3 жыл бұрын
What a tour de force - and what an interesting career. This talk really pulled together many disparate pieces of geopolitics, economy, and human nature. I've seen many videos of MH videos but this is the most comprehensive of any i've seen so far.
@SusanSt.James-33
@SusanSt.James-33 4 жыл бұрын
He is a fountain of knowledge.
@francismadden8561
@francismadden8561 3 жыл бұрын
Thank God for Michael Hudson .... and his wife.
@davidwilkie9551
@davidwilkie9551 5 жыл бұрын
The Observable Universe is basically QM-Time Principle circularity, from which bio-logical chemistry is superimposed on the physical-mathematical, metastable modulation modules of "leaky" uncertainty and instability, which is the natural occurring environment of probability in potential possibility that tends to appear to be Parasitism. Mutual, Commensal and Obligate, parasitism can be traced down through the general ecology of the biological processes, to energy and mineral elemental cycles to the temporal superposition logic of Time Timing in Eternity-now. So the "economic ecology" explained by Michael, that developed, matured, and then became so successful that it has evolved further than the original reliance on human and animal labour to create potential possibilities for resources by expanding the available use of energy, has not lost the basic nature of parasitism, and is constantly shifting proportions and balances unpredictably, ..as trying to predict the future has always been proven to be. Human history is about competition, families and tribes and nations that sometimes merge and otherwise conflict. If this is recognized as natural biological processes, then one point of view is that group organization is a balance between governance for common good and unreasonable selfish, or "criminal" advantages. Personal choice is restricted to local environments. "Not only is the Universe more complex than we think, it's more complicated than we CAN think". But listening to Michael is something of a temporary relief from the natural confusion.
@alwaysamazed
@alwaysamazed 3 жыл бұрын
Do you see any way out of the "predator paradox"?
@davidwilkie9551
@davidwilkie9551 3 жыл бұрын
@@alwaysamazed understand re-evolution, which is "think for yourself" as Michael Hudson does, but "don't believe what you think", as is the responsibility of his students to reiterate his existing knowledge to refit to evolving circumstances. Ie understand the Bose-Einsteinian Condensation type continuous creation connection cause-effect context of Sciencing QM-TIME Reference-framing in e-Pi-i sync-duration general temporal superposition identification context. Steve Keen has the Methodologies applied to Actuality of economic events in the context of Michael Hudson's research context of ecological sustainability. Of course this is many lifetimes of work, and not a simple answer. Everyone needs to correct Denialist attacks on general public knowledge of Actuality. The core of Peasant Farmer thinking is, "you're on your own, Observe Actuality and Disproof Methodology of try anything once", because the Predator-prey balance is a total internal reflection quantization strategy of survival in a hostile environment. Setting an example of non-violent coexistence is aka Democracy.
@elainewalters5017
@elainewalters5017 5 жыл бұрын
Brilliant talk.
@voidisyinyangvoidisyinyang885
@voidisyinyangvoidisyinyang885 5 жыл бұрын
that's funny - my dad was offered a job at the Hudson Institute - he turned it down since he wanted to stay in Minneapolis (where Michael Hudson is from!). small world.
@dcaabd
@dcaabd 5 жыл бұрын
wonderful!
@allypoum
@allypoum 5 жыл бұрын
What a fascinating dude.
@johnchemist8628
@johnchemist8628 3 жыл бұрын
Oh my effing God that was good...
@thomasjamison2050
@thomasjamison2050 4 жыл бұрын
Thrasybulus is very likely the most underrated Greek in history.
@jamshedsethna3428
@jamshedsethna3428 Жыл бұрын
Great human who explains most everything about how US has operated throughout the world as an Imperial power.
@philgwellington6036
@philgwellington6036 5 жыл бұрын
Cool video. Thanks for posting. From New Zealand. Similar neo liberal ideology has happened here.
@simonhodges6084
@simonhodges6084 3 ай бұрын
Wow! Hollywood could make a whole series of films about Michael's life. Its funny how blaze he is about stuff like learning money laundering from the CIA.
@okaytoletgo
@okaytoletgo 2 жыл бұрын
If you are here you have to pay attention and learn and think and then go over to Vijay Prashad’s talks.These two are all we need to ground imaginings of the world to be if we are diligent anf get together.
@jwwu1342
@jwwu1342 5 жыл бұрын
Lol 15:00 "Ok, you are not good at joining the CIA" putting this in a resume beats any kind of qualifications on any day : )
@mattclegg181
@mattclegg181 3 жыл бұрын
"It's really dangerous to take LSD when you're driving" XD
@Berzerk-cr2cy
@Berzerk-cr2cy 3 жыл бұрын
Can you find the original versions of that history of series when he was at the Peabody working as an archeologist
@MrPatrickslovell
@MrPatrickslovell 3 жыл бұрын
Brilliant
@ellana2402
@ellana2402 5 жыл бұрын
I hope i can read the transcript of this video please give me the link
@dragonfly1929
@dragonfly1929 4 жыл бұрын
ONLY IF WE HEAD A PRESIDENT LIKE MICHAEL HUDSON !!
@OMGAnotherday
@OMGAnotherday 5 жыл бұрын
The CIA "FORGOT" to do a security check on Michael! HAHA!
@thomaskirkpatrick1134
@thomaskirkpatrick1134 5 жыл бұрын
www.amazon.com/s/ref=nb_sb_ss_i_2_14?url=search-alias%3Dstripbooks&field-keywords=michael+hudson+books&sprefix=Michael+hudson%2Caps%2C242&crid=2ORZQEBWCZMVI Here is a link to many of Dr.Hudson's writings!
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