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It is very popular these days to talk and write about the “trade war” between the United States and China. But is there really one raging? Or is it, what we are witnessing, simply a clash of political and ideological systems: one being extremely successful and optimistic, the other depressing, full of dark cynicism and... Read More
The plunder is getting worse
American capitalism is based on plunder. With the continental USA plundered, American capitalism hoped to continue enriching itself by plundering Russia as it did under Yeltsin, carefully including the Russian “Atlanticist Integrationists” in the spoils in order to have support from the liberal, progressive forces in Russia for stripping Russia of its assets. But Putin... Read More
Preface to My Russian Book
I am Russian. That’s how I feel and therefore, that’s what I am. I was born in Russia, in the Soviet Union – in what was and still is a stunningly beautiful city on the Neva River called Leningrad. For some reason, out of the almost 20 books that I have written, only 2 (if... Read More
shutterstock_1087975928
Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses. Countries that do not give the United... Read More
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I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: De-Dollarizing the American Financial Empire. Dr. Hudson is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst and Distinguished Research Professor of Economics at the University of Missouri,... Read More
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Every time you think the corporatocracy’s manufactured anti-Semitism hysteria cannot possibly get more absurd, they somehow manage to outdo themselves. OK, stay with me now, because this is a weird one. Apparently, American Hitler and his cronies are conspiring with some secret group of “Jewish leaders” to stop British Hitler from becoming prime minister and... Read More
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The G20 Meeting in Japan
President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology. Some meeting between Chinese and U.S. leaders will indeed take place, but it cannot be... Read More
anti_united_russia_poster
As predicted, Putin's popularity takes a nosedive. This fact is not often discussed in the West, but the popularity of Vladimir Putin is in decline and has been so ever since, following his reelection, he kept more or less the same (already unpopular) government while that government very clumsily attempted to "sneak by" undetected a... Read More
Putin’s approval rating is high, but it has declined over the past year. The decline is mainly related to domestic policy. Apparently, the public perceives recent Kremlin economic policy as a continuation of the disastrous policies that Washington imposed on Russia in the 1990s when Russia was loaded up with foreign debt while state assets... Read More
Introduction In these times, when the United States pursues an unprecedented military build-up, promotes coups and trade wars, breaks weapons agreements, organizes the illegal seizure of overseas financial accounts, building barriers and walls along the southern border, Washington can count on the mass media to provide a variety of propaganda messages, ranging from the predictable... Read More
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You are so kind-hearted! I shed a tear thinking of American generosity. “So many delightful goodies: sacks of rice, canned tuna and protein-rich biscuits, corn flour, lentils and pasta, arrived at the border of troubled Venezuela - enough for one light meal each for five thousand people”, - reported the news in a sublime reference... Read More
shutterstock_769671739
Maybe Donald Trump isn’t as stupid as I thought. I’d hate to have to admit that publicly, but it does kind of seem like he has put one over on the liberal corporate media this time. Scanning the recent Trump-related news, I couldn’t help but notice a significant decline in the number of references to... Read More
The Saker: Could you summarize the state of Venezuela’s economy when Chavez came to power? Michael Hudson: Venezuela was an oil monoculture. Its export revenue was spent largely on importing food and other necessities that it could have produced at home. Its trade was largely with the United States. So despite its oil wealth, it... Read More
Bernard-Henri Levy
A group of 30 respected intellectuals, writers and historians has published a manifesto bewailing the imminent collapse of Europe and its supposed Enlightenment values of liberalism and rationalism. The idea of Europe, they warn, “is falling apart before our eyes”, as Britain prepares for Brexit and “populist and nationalist” parties look poised to make sweeping... Read More
danaideswaterhouse
The travails of French President Emmanuel Macron reflect the contradictions of the system he represents: namely late-stage managerial, social-democratic and globalist capitalism. In a consumer democracy, everyone is entitled to infinity stuff. That is how it works. I am not sure if you recall, but we fought World War II based on the simple proposition... Read More
Gilets Jaunes song performed at French traffic circle: Les Gentils et les Méchants
The Gilets Jaunes in 2019
Paris, France, 9 January 2019 French Democracy Dead or Alive? Or perhaps one should say, buried or revived? Because for the mass of ordinary people, far from the political, financial, media centers of power in Paris, democracy is already moribund, and their movement is an effort to save it. Ever since Margaret Thatcher decreed that... Read More
mission-accomplished
Is it for real or more bait and switch?
Never before has any presidential administration been as all over the place in terms of national security and foreign policy as is that of Donald J. Trump. Indeed, one might well argue that there is no overriding policy at all in terms of a rational doctrine arrived at through risk versus gain analysis of developing... Read More
The closure of Gatwick, the second largest airport in Britain, just before Christmas after the sighting of a mysterious drone near the runway, received wall-to-wall coverage from the British media, dominating the news agenda for the best part of a week. Contrast this with the limited interest shown when a majority stake in the airport... Read More
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I do not believe that GDP growth – or the pursuit of wealth in general – ought to be an end in itself. Nonetheless, the fact is that virtually all countries today do consider the production and redistribution of wealth to be a fundamental goal. In this context, GDP per capita (minus wealth from national... Read More
yellowvestanonymous
In less than two months, the yellow vests (“gilets jaunes”) movement in France has reshaped the political landscape in Europe. For a seventh straight week, demonstrations continued across the country even after concessions from a cowed President Emmanuel Macron while inspiring a wave of similar gatherings in neighboring states like Belgium and the Netherlands. Just... Read More
soral-2
The French are the best. The men
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So it appears the privatization of France isn’t going quite as smoothly as planned. As I assume you are aware, for over a month now, the gilets jaunes (or “yellow vests”), a multiplicitous, leaderless, extremely pissed off, confederation of working class persons, have been conducting a series of lively protests in cities and towns throughout... Read More
Every automobile in France is supposed to be equipped with a yellow vest. This is so that in case of accident or breakdown on a highway, the driver can put it on to ensure visibility and avoid getting run over. So the idea of wearing your yellow vest to demonstrate against unpopular government measures caught... Read More
Macron’s Popularity Collapses While Interior Minister Predicts Civil War
I’ve said it before and I’ll say it again: Emmanuel Macron, the current president of the French Republic, is a weird dude. Now, after just 18 months in power, he is also a very unpopular dude. The French media have been making much of the fact that Macron’s prime minister, Édouard Philippe, has been slightly... Read More
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With Jair Bolsonaro’s victory in Brazil’s presidential election at the weekend, the doom-mongers among western elites are out in force once again. His success, like Donald Trump’s, has confirmed a long-held prejudice: that the people cannot be trusted; that, when empowered, they behave like a mob driven by primitive urges; that the unwashed masses now... Read More
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Introduction Bankers, agro-business elites, commercial mega owners, manufacturing, real estate and insurance bosses and their financial advisers, elite members of the ‘ruling class’, have launched a full-scale attack on private and public wage and salary workers, and small and medium size entrepreneurs (the members of the ‘popular classes’). The attack has targeted income ,pensions, medical... Read More
If the report below from John Helmer is correct, the implication is that Alexei Kudrin, Putin’s good friend and a member of the Russian government, is a traitor to Russia. The way I read Helmer’s report, Kudrin, a hero to Washington but widely regarded in Russia as an agent of the billionaire oligarchs that Washington... Read More
Introduction The decisive electoral victory of far-right Brazilian presidential candidate, Jair Bolsonaro startled politicians and analysts of the traditional parties of the left and right. The possible implications for the present and near future raises a number of fundamental questions whether it represents a ‘model’ for other countries or is the result of the specific... Read More
Introduction Business writers, neo-liberal economists and politicians in North America and the EU heralded Latin America’s embrace of a ‘new wave of free markets and free elections’. Beginning in 2015 they predicted a new era of growth, stability and good government free of corruption and run by technocratic policy-makers. By early 2018 the entire neo-liberal... Read More
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How can I write a review of Andre Vltchek’s new book
This week I was interviewed on Russian TV about the possible new anti-Russian sanctions that Washington is considering that would prohibit anyone in the entirety of the world from holding Russian government bonds. Think about this for a moment. Washington thinks that Washington has the right and the power to block sovereign countries and their... Read More
Introduction For decades and longer, the United States and Europe lectured and encouraged countries in Latin America, Africa and Asia to welcome and accept foreign investment as the virtuous path to modernization, growth and prosperity. With few notable exceptions western leaders and academics promoted unlimited flows of capital (and the outflows of profits). No section... Read More
Introduction Political leaders, media moguls and journalists have saturated the public throughout the world with claims and accusations that President Trump is destroying the World Order, undermining historic alliances, western values, the world trade organizations and violating national and international constitutions and institutions. In the United States, legislators, judges and leaders from both parties have... Read More
The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of the population, says the economist Michael Hudson. SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming... Read More
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Following the re-appointment of Medvedev and his more or less reshuffled government, the public opinion in Russia and abroad was split on whether this was a good sign of continuity and unity amongst the Russian leadership or whether this was a confirmation that there was a 5th column inside the Kremlin working against President Putin... Read More
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Introduction “Immigration” has become the dominant issue dividing Europe and the US, yet the most important matter which is driving millions to emigrate is overlooked is wars. In this paper we will discuss the reasons behind the massification of immigration, focusing on several issues, namely (1) imperial wars (2) multi-national corporate expansion (3) the decline... Read More
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For a generation, acceptance of the neoliberal doctrine “there is no alternative” has paralyzed politics in the West. If there is no alternative, what is politics to be about? The Authoritarian Center The traditional governing parties, center “left” and center “right” all follow the same neoliberal policies and constitute the self-designated “center”. Mainstream media enforce... Read More
Russian president Vladimir Putin’s speech at the St. Petersburg International Economic Conference last weekend shows the Russian government’s ensnarement by neoliberal economic policy. Putin defended globalism and free trade, and he warned that crisis will result from the breakup of the global system. In fact, crisis is the result of globalism and neoliberal economics. For... Read More
This is the lecture I would have given if I had been able to accept the invitation to address the St. Petersburg Economic Conference in Russia this weekend. Executive Summary: From the standpoint of Russia’s dilemma, this is an important column. Putin’s partial impotence via-a-vis Washington is due to the grip that neoliberal economics exercises... Read More
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Introduction President Trump cancelled his attendance at the Summit of the Americas meeting of all the 35 presidents of the region designed to debate and formulate a common policy. Trump delegated Vice President Michael Pence in his place. VP Pence a known nonentity with zero experience and even less knowledge of Latin America – US... Read More
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The Deep Meaning of the French Railroad Strikes
The current series of railroad strikes in France are portrayed in the media as “labor unrest”, a conflict between the government and trade union leaders, or as a temporary nuisance to travelers caused by the self-interest of a privileged category of workers. In Anglo-American media, there is the usual self-satisfied tongue-clicking over “those cheese-eaters, always... Read More
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As the Presidential elections in Russia are drawing near I am amazed to see how much interest this event is generating in spite of the fact that it sure seems to me that this will be an incredibly boring and, frankly, totally useless event. But first, full disclosure: I don't have much faith in the... Read More
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Do you remember the terrible onslaught of the mainstream media on presidential candidate Donald Trump in 2016? Dozens of revelations about his fake hair, pussy grabbing, tax avoidance and what not; dozens of public polls proving that the nation wanted Hillary and hated Trump, opinion pieces convincing you that only racist white trash could think... Read More
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Introduction Clearly the pendulum has swung to the right in the past few years. Numerous questions arise. What kind of right? How far right? How did they gain power? What is their appeal? How sustainable are the right wing regimes? Who are their international allies and adversaries? Having taken power, how have the rightist regimes... Read More
Is there anyone in Trump’s government who is not an imbecile? After years of endless military threats against Russia—remember CIA deputy director Mike Morell saying on TV (Charlie Rose show) that the US should start killing Russians to give them a message, and Army Chief of Staff Mark Milley threatening “We’ll beat you harder than... Read More
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As everyone doubtless knows, President Trump gave the pot a hefty stirring in Warsaw, Poland prior to attending the G20 summit. His message was well-received by immediate listeners but aroused a Sturm und Drang and a half from the usual Western media suspects who couldn’t be more predictable if they tried. First of all, the... Read More
Bravo Monsieur le president Macron! You have gotten off to a most impressive start. France’s five-year national depression – known as ‘morosité – has lifted and been replaced by a sense that the republic is not doomed after all. In fact, quite the contrary. France’s new 39-year old president has astounded nearly everyone. Like the... Read More
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The shocking election result in the United Kingdom – the Conservatives losing their majority and the creation of a hung Parliament; and Jeremy Corbyn being more successful than any recent Labor candidate – cutting a 20 point Theresa May lead down to a near tie – gives hope to many that the global shift to... Read More
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The Winners-Take-All Regime of Emmanuel Macron
A ghost of the past was the real winner of the French presidential election. Emmanuel Macron won only because a majority felt they had to vote against the ghost of “fascism” allegedly embodied by his opponent, Marine Le Pen. Whether out of panic or out of the need to feel respectable, the French voted two... Read More
Reversing Five Decades of Working-Class Power
Introduction: Whatever has been written about President Emmanuel Macron by the yellow or the respectable press has been mere trivia or total falsehood. Media lies have a purpose that goes beyond Macron’s election. Throughout Europe and North America, bankers and manufacturers, NATO, militarists and EU oligarchs, media moguls and verbal assassins, academics and journalists, all... Read More
Category Classics
How America was neoconned into World War IV
Shouldn't they recuse themselves when dealing with the Middle East?
The “war hero” candidate buried information about POWs left behind in Vietnam.
Which superpower is more threatened by its “extractive elites”?