Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...Category Archives: Globalization
European Gas Price Spike Highlights Painful Exposure To Global Markets
A strike in Australia could reduce global LNG supplies by 10%. European energy security is not what it used to be.
Read more...U.S. And China Locked in an Underwater Cable Tug-of-War
A cable impasse in the South Pacific, due in large part to failings in both US and Chinese legal and enforcement regimes.
Read more...Russia Is Finally Correcting False Perceptions of BRICS
Russia is dialing down expectations for big BRICS developments at a late August summit.
Read more...French Invasion of Niger Could Turn into All-Out Franco-African War
An assessment of the stakes for France in trying to reverse the military coup in Niger by force.
Read more...Explaining China’s & India’s Reported Differences Over Expanding BRICS
Quelle surprise! China and India have different economic interests, which means they have diverging visions for BRICS development.
Read more...Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...The Looming War Against China: Economic Logic Has Been Replaced by National Security Overrides
Michael Hudson provides a deep dive on the US’ and now its Western allies’ obsessive campaign against China.
Read more...Energy Destinies – Part 6 Energy Policy And Emissions – Hot and Hotter
Based on the current state of science, technology, policy development and implementation, the probability of meeting emissions targets is doubtful. This means that global temperature rises will, in all probability, exceed the recommended levels, most likely substantially and earlier than projected. The consequent changes in planetary geo-physics and meteorology will be substantial.
Read more...Energy Destinies – Part 5 Energy Transition – Mystery Destination
An energy transition refers to a major structural shift in energy systems. There have been several such historical transitions – bio-fuels, such as wood, to water and wind energies and then to fossil fuels. In its current usage, it is used to describe the attempt to replace fossil-based systems of energy production and consumption with renewable energy sources.
Read more...Michael Hudson: Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt
Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial order.
Read more...It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions
There are no doubt good reasons for Americans to be concerned about China, but our official justificaitons don’t stand up to scrutiny.
Read more...Climate Risk Stress Tests Underestimate Potential Financial Sector Losses
Given the complexity of the link between climate shocks and financial sector outcomes, the authors argue that current methods have several key limitations that may lead to significant underestimation of potential financial sector losses.
Read more...A New Third World Debt Crisis? The Need for System Change
Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?
Read more...Biden Undoes Blinken China Visit and Then Some by Calling Xi a Dictator
When you thought the US might finally have hit bottom on the China front, we show we can reach new lows.
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