Progressive Commentary Hour
The Progressive Commentary Hour 12.24.24
Dec 25, 2024
Michael Hudson, a distinguished research professor of economics at the University of Missouri and expert on financial crises, shares insights on the shifting global landscape shaped by emerging economies. He discusses the paradox of high-income debt accumulation and the need for community resilience through local markets. The conversation also touches on the impact of AI on job markets and the harsh realities faced by homeless veterans, urging a re-evaluation of societal support systems. Hudson critiques America's reliance on credit while advocating for intentional living.
53:08
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Quick takeaways
- The BRICS coalition is increasingly influential in global resource control, affecting transportation and logistics for landlocked countries.
- The disconnect between perceived economic prosperity and actual financial struggles highlights unsustainable spending habits leading to potential instability.
Deep dives
The Rise of BRICS and Global Resource Control
An increasing number of nations, particularly China, Russia, India, Brazil, and South Africa, are forming the BRICS coalition, which now has the potential to control a significant portion of the world's essential minerals and resources. This coalition has quietly accumulated resources over the years, such as agricultural land and minerals, creating vast infrastructures including high-speed train networks in Africa. These developments allow for improved transportation and logistics, enabling landlocked countries to access global markets effectively. Despite the growing influence of BRICS, mainstream media tends to overlook these critical shifts, keeping many citizens unaware of their implications.
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