How the world can free itself from US financial colonialism: Economist Michael Hudson explains

The US government has a long history of supporting corrupt, drug-dealing, right-wing oligarchs in Latin America. The Donald Trump administration is threatening to attack Venezuela, accusing leftist President Nicolás Maduro, without any evidence, of leading a cartel, while Marco Rubio defends Colombia's drug-trafficking former leader Álvaro Uribe. Ben Norton documents Washington's imperial hypocrisy. VIDEO: https://www.youtube.com/watch?v=JwCducQ8HHw Topics 0:00 Hypocritical US meddling in Latin America 1:41 Colombia's ex President Álvaro Uribe 4:52 (CLIP) CIA director: "We lie, cheat, steal" 5:09 Drug cartels linked to Colombian leader 6:49 Paramilitaries linked to Colombian leader 9:16 False positives scandal 11:36 Plan Colombia 12:37 Left-wing President Gustavo Petro 14:55 US interventions in Latin America 15:39 Honduran dictator Juan Orlando Hernández (JOH) 16:48 US-backed coup in Honduras in 2009 18:27 US support for dictators 19:41 Drug trafficking in Honduras 22:36 US foreign policy in Latin America 22:59 CIA-backed Nicaraguan Contras 24:09 Trump admin attacks Venezuela (again) 25:50 Outro

The dominance of the US dollar as the global reserve currency has been gradually declining for years, but Donald Trump's policies could rapidly accelerate de-dollarization and the transition to a more multipolar international financial order, warn even mainstream American economists like Barry Eichengreen and Kenneth Rogoff. Political economist Ben Norton reviews the evidence. VIDEO: https://www.youtube.com/watch?v=utvD1JiIgCM Our related article - "Trump advisor reveals tariff strategy: Force countries to pay tribute to maintain US empire": https://geopoliticaleconomy.com/2025/04/10/trump-advisor-miran-tariff-pay-us-empire/ Topics 0:00 Dedollarization 0:43 Trump's policies accelerate dedollarization 3:50 Economist Barry Eichengreen 5:25 (CLIP) Barry Eichengreen on dedollarization 6:54 Gradually, and then suddenly 7:49 Erosion of dollar dominance 9:18 Decline of US economy 11:36 Rise of China 12:50 Gold: why central banks keep buying it 15:42 Western sanctions 17:57 List of reasons driving dedollarization 18:42 Trump's tariffs & US trade deficit 20:10 Trump pressures Federal Reserve 22:58 Why Trump wants low interest rates 24:56 US Treasury market volatility 26:03 Fewer foreigners want US government debt 29:32 US economy: a financial house of cards 30:34 High corporate bond yields 32:26 Reasons driving dedollarization 32:56 Inflation 36:31 Trump fires BLS chief 37:40 Mar-a-Lago Accord plans 38:54 (CLIP) Trump economic advisor Stephen Miran 38:59 Plaza Accord redux 40:30 Century bonds: de facto US debt default 44:46 Private investors de-dollarize too 45:25 Post-US dollar world 47:14 Economist Kenneth Rogoff 48:09 Trump's own Nixon shock 48:51 Multipolar financial world 50:46 Outro

How do China's government, political system, and socialist market economy actually work? How does China see democracy, the USA, and Donald Trump's trade war? Renowned Chinese scholar Zhang Weiwei explains the China model in this interview with Ben Norton. VIDEO with subtitles here: https://www.youtube.com/watch?v=rkVyYvWezI0 Topics 0:00 Highlights 1:30 Introduction to Zhang Weiwei 1:51 The China model 3:23 Civilization-state 4:13 Meritocracy 5:01 Socialist market economy 7:52 US capitalism vs Chinese socialism 9:36 Foreign investment in China 11:15 How China sees democracy 13:46 How laws are made in China 15:59 Economic planning 16:59 Debate with Francis Fukuyama 20:11 US trade war on China 23:36 Dedollarization of financial system 28:17 The multipolar future 29:36 Outro

One of the main goals of the US political and economic system is to protect corporate monopolies. Silicon Valley Big Tech corporations fear Chinese competitors, so the US government is trying to ban them. Political economist Ben Norton explains how imperialism works, and what drives Washington's Cold War Two against China. VIDEO: https://www.youtube.com/watch?v=9EVwFJ7sM6c Topics 0:00 US government seeks political monopoly 0:51 Billionaire Peter Thiel defends monopolies 2:53 (CLIP) Peter Thiel: "competition is for losers" 3:18 Cold War Two against China 4:49 Uber's monopolistic business model 9:18 Corporate lobbyists & donors 10:02 Trump admin opposes antitrust cases 12:12 Money buys US politics 13:42 Trump backs billionaire Big Tech oligarchs 15:45 Trump green-lights white collar crime 17:35 Trump promotes bribery & corruption 19:30 USA wants to control global infrastructure 20:03 (CLIP) Trump threatens Panama Canal 20:14 BlackRock buys Panama Canal ports 20:36 (CLIP) Trump boasts of BlackRock deal 21:00 Trump helps BlackRock buy up ports 21:58 Second Cold War on China 22:23 US Big Tech targets TikTok 24:14 DeepSeek & Chinese AI competitors 25:00 OpenAI CEO Sam Altman 26:14 US states ban DeepSeek 26:57 Anthropic CEO Dario Amodei 27:29 US AI companies lobby to ban competitors 28:37 Silicon Valley seeks "unipolar world" 30:23 Biden's chip export restrictions on China 31:09 USA seeks to stop China's innovation 31:57 Biden's tariffs on China 33:55 How imperialism works 34:45 Global value chain (division of labor) 36:20 USA wanted China to stay subordinate 37:50 VP JD Vance wants Global South on bottom 38:45 (CLIP) JD Vance on China & value chain 39:30 Industrial policy: Made in China 2025 plan 41:32 China enters commercial aircraft industry 42:14 US politicians lobby to ban China's Comac 43:58 How Boeing was destroyed by finance bros 45:47 How Jack Welch ran GE into the ground 46:39 Boeing attacked unions & skilled labor 47:56 Boeing CEO was Blackstone exec 48:51 Boeing prioritizes stock buybacks, not R&D 50:17 Private equity is "looting America" 51:22 Goal of Washington's new cold war 52:11 Outro

The US government has tried for years to recruit India for its new cold war on China, but Donald Trump's aggressive tariffs have backfired, encouraging New Delhi to improve its relations with Beijing, strengthening unity in BRICS. Political economist Ben Norton explains the complex history of the foreign relations of the US, India, China, and Russia. VIDEO: https://www.youtube.com/watch?v=BstijDvJT8Y Topics 0:00 Donald Trump's contradictory policies 0:39 (CLIP) Trump threatens BRICS 1:05 Brazil pushes back 1:40 USA tries to use India against China 3:58 Goal of Trump's tariffs on India 5:34 (CLIP) EU chief on US trade deal 5:52 India buys Russian oil 7:46 Europe buys Russian oil - from India 9:10 India's trade surplus with USA 9:48 (CLIP) Trump trade advisor Peter Navarro 9:57 US trade with China 11:18 China restricts rare earth exports 12:03 US trade with India 13:35 India improves relations with China 15:41 Vietnam moves closer to China 16:35 BRICS expands to global majority 17:28 History of US-China relations 19:40 Kissinger's triangular diplomacy 20:47 Kissinger: divide Russia & China 21:21 (CLIP) Trump: divide Russia & China 21:37 Closest Russia-China relations ever 22:30 India-US-China relations 24:07 India: 3rd-largest economy on Earth 25:41 India & Non-Aligned Movement 27:03 India-USSR/Russia relations 28:39 India moves toward USA 29:50 Rise of Narendra Modi, BJP, RSS 31:22 US-India relations grow closer 32:59 Modi allies India with Israel 33:40 Modi: from banned to loved in USA 34:49 Trump's India policy 35:50 India's role in BRICS 37:59 India's foreign policy 38:52 India opposes dedollarization 42:21 BRICS' internal contradictions 45:05 Outro

Private equity funds and other Wall Street investors are buying up homes across the US and the West, driving up rent and the cost of living. Economist Michael Hudson explains how these corporate landlords are a result of the system of financialized capitalism, dominated by an unproductive rentier class. He is interviewed by host Ben Norton. VIDEO: https://www.youtube.com/watch?v=qJd0d7Uda2M Transcript: https://www.geopoliticaleconomy.report/p/corporate-landlords-rent-michael-hudson Part 1 of this interview: https://www.geopoliticaleconomy.report/p/world-us-financial-colonialism-economist-michael-hudson Read Michael's article "How the Global Majority can free itself from US financial colonialism": https://geopoliticaleconomy.com/2025/07/17/michael-hudson-global-majority-us-financial-colonialism/ Michael's website: https://michael-hudson.com/ Topics 0:00 Cost of living crisis in West 0:30 Blackstone: largest US landlord 1:07 Blackstone CEO is Trump donor 1:49 Investors buy up US homes 2:36 Wall Street buys single-family homes 3:54 Wall Street buys up neighborhoods 5:31 Homelessness rises in USA 6:06 Blackstone buys up homes in Spain 7:34 Introduction to Michael Hudson 9:12 Highlights 10:43 Interview starts 11:58 Feudalism, capitalism, & rentier class 16:58 Adam Smith, David Ricardo, & Karl Marx 19:10 Difference between value, price, & rent 21:33 Bankers, industrialists, & landlords 27:34 Theory of comparative advantage 28:20 Problems with economics education 30:57 Profits vs rent 32:48 Financialization and GDP 37:21 Adam Smith in Beijing 38:47 Peter Thiel defends monopolies 40:20 China's reform and opening up 43:06 China's public ownership of finance 44:25 Need to tax land rent 50:45 China's industrialization 53:54 Passive income (ie, rent seeking) 56:01 Mainstream "junk economics" 59:07 Outro

Economist Michael Hudson describes how the Western powers designed the international financial, legal, and political system in a way that benefits North American corporations at the expense of the countries of the Global South. He also proposes ways for the Global Majority to resist US neocolonialism, in this interview with host Ben Norton. VIDEO: https://www.youtube.com/watch?v=tgBUbbTF5Sg Transcript: https://geopoliticaleconomy.com/2025/08/06/world-us-financial-colonialism-economist-michael-hudson/ Read Michael's article "How the Global Majority can free itself from US financial colonialism": https://geopoliticaleconomy.com/2025/07/17/michael-hudson-global-majority-us-financial-colonialism/ Michael's website: https://michael-hudson.com/

The White House imposed 50% tariffs on Brazil and declared it a threat to US "national security". Donald Trump is blatantly meddling in internal Brazilian affairs, trying to undermine left-wing President Lula da Silva and help far-right former leader Jair Bolsonaro. The USA's attacks also aim to divide BRICS and discourage more countries from joining. Political economist Ben Norton explains how the US empire is attacking the Global South's multipolar project. VIDEO: https://www.youtube.com/watch?v=niPNwB-0nQI Topics 0:00 (CLIP) Lula condemns US meddling 1:06 Trump sanctions & tariffs Brazil 2:04 BRICS & Brazil 3:20 Lula resists US hegemony 4:39 (CLIP) Lula on US interference 8:41 Trump fears BRICS & dedollarization 9:56 (CLIP) Trump threatens tariffs on BRICS 10:24 Poll: Brazilians prefer BRICS over USA 11:42 Lula is leading 2026 election polls 12:33 Jair Bolsonaro, close US ally 13:25 Bolsonaro's failed coup attempt 14:35 Role of China 16:19 Bolsonaro fled to USA 18:02 Latin American right: US proxies 19:35 Trump declares Brazil a "threat" 20:50 Elon Musk & US Big Tech corporations 22:41 Trump imposes 50% tariff on Brazil 23:08 Lula defends Brazil's sovereignty 24:29 US coups in Latin America 26:33 Coups against Brazil's Lula & Dilma 29:06 USA has trade surplus with Brazil 29:55 Lula: Trade in other currencies, not dollar 31:00 China: Brazil's top trading partner 32:04 China: Latin America's top trading partner 33:07 China builds infrastructure in Latin America 33:50 China & Brazil plan transcontinental railroad 34:50 Brazil embraces multipolarity 36:46 Brazil boosts ties with Russia 37:14 Brazil & China peace proposal in Ukraine 37:50 Multipolarity & Latin America 39:40 Outro

The one-sided trade agreement that Donald Trump imposed on the EU illustrates how the US empire exploits its "allies" in Europe as vassals to benefit the American oil/gas industry, Big Tech corporations, and the military-industrial complex. This did not start with Trump, but he has accelerated the vassalization of the European Union. Political economist Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=lpf6ZeABP1I Topics 0:00 Intro 1:04 US empire doesn't have allies, only vassals 2:14 US-EU trade deal & tariffs 5:19 China defended itself in trade war 6:19 Ursula von der Leyen on US energy 7:28 (CLIP) Trump on US-EU trade deal 7:54 USA benefits 8:15 (CLIP) Trump: "the biggest of all the deals" 8:28 Europe gets nothing 9:11 (CLIP) US makes no concessions to EU 9:57 (CLIP) Trump on US fossil fuel exports 10:20 US gets everything, EU gets nothing 11:02 Vassalization of Europe 12:27 BRICS expansion 13:22 NATO Secretary General Mark Rutte 14:03 (CLIP) NATO chief calls Trump "daddy" 14:17 Trump addresses "daddy" comment 14:42 (CLIP) Trump: I'm NATO's "daddy" 15:03 Trump leaks humiliating text messages 16:26 Failure of EU "strategic autonomy" 17:18 NATO demands military spending at 5% of GDP 18:42 US military-industrial complex benefits 20:14 Paying imperial tribute 20:48 Replacing welfare state with warfare state 21:44 EU spending on education 22:08 EU spending on healthcare 22:33 Trump & MAGA take off the mask 23:26 VP JD Vance attacks Europe 23:40 Kissinger: "to be America's friend is fatal" 24:20 Trump boasts of ending Nord Stream 25:39 (CLIP) Trump: "I ended Nord Stream 2" 25:59 US targets European infrastructure 26:26 (CLIP) Trump: US wants to sell oil/gas 26:53 US attacks European "allies" 27:27 Sabotage of Nord Stream pipelines 28:05 Who blew up Nord Stream? 29:20 West opposed UN investigation 30:06 Polish official said US blew up Nord Stream 30:47 Historical amnesia 31:17 Why Germany wanted Nord Stream 32:34 (CLIP) Trump: Europe must buy US oil/gas 32:48 Trump pressured Angela Merkel on Russia 33:15 (CLIP) Trump: Europe must cut Russia ties 34:12 Trump sanctioned Nord Stream 34:55 USA seeks to divide Europe & Russia 35:39 Biden threatened Nord Stream 36:02 (CLIP) Biden: We will end Nord Stream 36:36 Bipartisan vassalage 37:30 US energy exports to Europe 38:08 EU imports of oil 39:25 EU imports of natural gas 39:56 EU imports of LNG 40:45 Climate change catastrophe 41:20 Germany re-opens coal plants 42:00 Germany's pro-war "Greens" 43:19 US imperial strategy: divide Europe 44:56 Imperialist Mackinder's heartland theory 45:28 US fears of Europe-Russia alliance 46:23 NATO's goal: keep US on top 47:24 Deindustrialization of Europe 47:59 EU attacks top trading partner China 48:40 Why are EU leaders Atlanticists? 49:01 EU leaders are literally crying 49:26 EU elites invest in US financial assets 51:57 US Big Tech corporations 52:35 Comprador bourgeoisie 53:48 Western oligarchies 55:00 US empire fears Eurasian integration 56:15 Trump tries to divide Russia & China 56:33 Europe is at a geopolitical crossroads 58:36 Outro

As US president, Donald Trump's policies have served the interests of wealthy elites, while hurting average working people and splitting his own MAGA base. Geopolitical economist Radhika Desai discusses with economist Michael Hudson. VIDEO: https://www.youtube.com/watch?v=0cUksS_aN_8 This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP Radhika's website: https://RadhikaDesai.com Michael's website: https://Michael-Hudson.com