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The Duran Podcast

Trump's Economic Recovery a Dead End? - Michael Hudson, Alexander Mercouris & Glenn Diesen

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.
01:08:00

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast explores how Trump's economic policies aim to reindustrialize America through tariffs, reminiscent of McKinley's historical approach.
  • It highlights the risks posed by modern global supply chains, where tariffs can inflate production costs and hinder U.S. competitiveness.

Deep dives

Economic Goals of the Trump Administration

The Trump administration's economic agenda appears focused on cutting costs and managing national debt, with a significant emphasis on re-industrialization through tariffs. The rationale behind this is rooted in historical precedent, particularly the policies of 25th U.S. President William McKinley, who is often seen as a model for Trump's approach. This nostalgic comparison highlights an intention to protect domestic industries and revitalize the American economy. However, the effectiveness and understanding of these tariffs may be flawed, as the industrial landscape and global economy have dramatically changed since McKinley's era.

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