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40,588 Views • Nov 16, 2024 • Click to toggle off description
Main Channel: / @robinsonerhardt
Robinson's Podcast #234 - Richard Wolff & Michael Hudson: Karl Marx and the Fall of the West
Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and a visiting professor at The New School, where he works on economics in the Marxist tradition. Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and President of the Institute for the Study of Long-Term Economic Trends. He researches domestic and international finance, the history of economics, and the role of debt in shaping class stratification, among many other topics. This is Richard’s sixth appearance on Robinson’s Podcast. In episode #127, he and Robinson discussed some of the most profound criticisms of capitalism; in #154, they focused on the myths surrounding Marxism and Marx himself; in #190 they covered the Israel-Palestine conflict from a Marxist perspective; in #222 they assessed the end of the American Empire; and in #230, they talked about the 2024 election. This is Michael’s fourth appearance on the show. In episode #180, he and Robinson discussed neoliberalism, industrial capitalism, and the rentier economy; in #198 they talked about Marxism, economic parasites, and contemporary debt cancellation; and in #220, they cover the history of debt cancellation in the ancient world. But in this episode, Richard, Michael, and Robinson turn back to the present, and more particularly they focus on the role of Marxism in shaping today’s world and how ignoring his work is contributing to the rapid decline of the west. They touch on the role of Marxism in an economics education, the connections between communism, socialism, and capitalism, the crumbling American empire, the 2024 election, Russia and Ukraine, China and the BRICS, the strength of the dollar, Das Kapital, Paul Krugman, myths about Karl Marx, and more. Richard’s latest book is Understanding Capitalism (Democracy at Work, 2024). Michael’s most recent book is Temples of Enterprise (ISLET, 2024).
Richard’s Website: www.rdwolff.com/
Economic Update: www.democracyatwork.info/economicupdate
Understanding Capitalism (Book): www.democracyatwork.info/understanding_capitalism
Michael’s Website: michael-hudson.com/
Temples of Enterprise: a.co/d/a3c53dm
Robinson's Website: robinsonerhardt.com/
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University.
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27 Comments
Top Comments of this video!! :3
Everyone needs to process this. Study this everyone. We are all being conned. Money in NOT and exchange like barter. Thank you for sharing this. Bless you. I pray the world will see this.
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Michael Hudson - such insight, understanding, and awareness.
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Bank of England Report Q1 2014 stresses clearly that banks are not intermediaries or work on fractional reserves; they create money as a record of debt.
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There's the experts talking. I don't have a reason to doubt him.
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In a 5000-year search, anthropologist David Graeber never found Adam Smith's barter economy; only recorded debt economies, ie. Tally sticks
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Krugman is a complete idiot...he was wrong about every prediction that I ever saw him make. As an economist, you would think that he would understand the economy, but he clearly does not, nor has he ever. Amazing.
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Krugman will never admit that he was wrong and Keen was right. If Krugman would admit he was wrong then he will be removed from the "establishment" he loves to get invited to.
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Is what causes inflation? At least one of the causes
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Not heard from Keeno for a while is he ok
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No. No. No. It is only debt when money supply is increased.
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😂 ....wow .Have just focused it all! Thanks
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Robinson, the stoic looking man, is interesting. Interviewing Victor Hansen, Robinson said he was voting for Kamala Harris because his father wanted him to, and would disinherit him if he didn’t. Strange behavior.
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Krugman is to Economics as Charlie Brown is to football. Completely misses the point.
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Money is not debt. I go to the bank and take out $5k. I have $5k in bills to spend. Where is the debt?
BS, BS, BS.
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Smart guy but looks like a corps .
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@obinwataje
1 week ago
I was living in Costa Rica and reading Professor Hudson's book "Super Imperialism" when the IMF bill came due in Costa Rica. Seeing the fall-out from the IMF debt austerity was a real education. I'm grateful for the education since for most First Worlders it's invisible.
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