The Duran Podcast Trump's Economic Recovery a Dead End? - Michael Hudson, Alexander Mercouris & Glenn Diesen
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Feb 16, 2025 
Michael Hudson, a renowned economist known for his insights on financialization, joins political analyst Alexander Mercouris to discuss the Trump administration's economic strategies. They critically analyze how tariffs and debt reduction aimed at recovery may perpetuate de-industrialization amidst an oligarchic landscape. Hudson challenges common misconceptions of capitalism, while Mercouris contrasts the economic philosophies of BRICS nations versus the U.S. Together, they delve into historical parallels shaping current geopolitical maneuvers.
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Trump's Misinterpretation of the American System
- Trump's tariff policy misinterprets the American System.
- It neglects the role of government spending in supporting high wages and infrastructure.
Tariffs and Supply Chain Disruption
- Trump's tariffs on Canada and Mexico would disrupt integrated supply chains.
- This would raise costs for American industries, not re-industrialize them.
Ignoring Historical Context
- Trump's focus on tariffs ignores other crucial elements of the 19th-century American System.
- He overlooks the historical context and government's role in fostering industrial growth.