Geopolitical Economy Report

Economist Michael Hudson debunks Paul Krugman's arguments on de-dollarization and addresses the US dollar's impact on oil trade, exchange rates, and international power. They criticize Krugman's lack of understanding, discuss hyperinflation and Neoconservatism, and analyze the reasons behind countries moving away from the dollar.

Mexico’s President AMLO sent Joe Biden a letter condemning US “interventionism”, such as USAID funding of right-wing opposition groups that are trying to destabilize his elected government. VIDEO: https://youtube.com/watch?v=iFxiuqE_wy8 Sources and more information here: https://geopoliticaleconomy.com/2023/05/04/mexico-amlo-biden-letter-us-intervention ‘Mexico is not a US colony!’: AMLO condemns invasion threats, celebrates nationalization of oil, lithium: https://geopoliticaleconomy.com/2023/03/21/mexico-us-colony-amlo-invasion-nationalization-oil-lithium

Historian Aaron Good discusses US President John F. Kennedy's policies in Latin America, the CIA's terror war on Cuba, the coup against Brazil's left-wing President João Goulart, and the assassination of dictator Rafael Trujillo and coup against President Juan Bosch in the Dominican Republic. VIDEO: https://youtube.com/watch?v=_5xAypPNe2Y This is the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaron Good and Seamus McGuinness of the American Exception podcast. This is part 5 of our historical analysis of the JFK administration. PLAYLIST with past episodes in the series here: https://youtube.com/playlist?list=PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL You can support American Exception at https://Patreon.com/AmericanException

Economist Michael Hudson joins Ben Norton to discuss the collapse of four US banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how regulators - and the government itself - are in bed with the bankers. VIDEO: https://youtube.com/watch?v=ImjdVxd09fo Transcript here: https://geopoliticaleconomy.com/2023/05/05/first-republic-bank-crisis-michael-hudson

Beijing-based scholar Roland Boer discusses China's economic model, debunking misconceptions and exploring Deng Xiaoping's leadership. Topics include the incorporation of market mechanisms, the automobile industry's growth, addressing poverty, the dialectical relationship between the collective and the individual, and challenges in China's economic system.

The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The US military budget is larger than the next 10 biggest spenders combined. VIDEO: https://youtube.com/watch?v=IvI58EwlwwE

The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022. VIDEO: https://youtube.com/watch?v=Yuy6UvRbjNU Sources and more information here: https://geopoliticaleconomy.com/2023/04/30/europe-russia-oil-india-wages

Economists Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. VIDEO (with slides): https://youtube.com/watch?v=0Jxl4LRpIpw Transcript here: https://geopoliticaleconomy.com/2023/04/29/de-dollarization-neoliberalism-radhika-desai-michael-hudson This is their program Geopolitical Economy Hour. Check out other episodes here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

As the war drags on, Ukraine is selling off state assets in a big privatization spree. US fossil fuel corporations like ExxonMobil, Chevron, and Halliburton are in discussions to take over the country's energy industry. VIDEO: https://youtube.com/watch?v=LXXk0e-nbvg Sources and more information here: https://geopoliticaleconomy.com/2023/04/28/us-corporations-ukraine-oil-gas Zelensky is literally selling Ukraine to US corporations on Wall Street: https://geopoliticaleconomy.com/2022/09/09/zelensky-selling-ukraine-wall-street West prepares to plunder post-war Ukraine with neoliberal shock therapy: privatization, deregulation, slashing worker protections: https://geopoliticaleconomy.com/2022/07/28/west-neoliberal-recovery-conference

Radhika Desai, political economist, explores capitalism's inherent contradictions in a discussion of crisis of overproduction, falling rate of profit, monopolies, financialization, and the difference between classical political economy and neoclassical economics.