What caused US deindustrialization, and can Trump fix it? Economists explain

Israel's Prime Minister Benjamin Netanyahu pledged to colonize Gaza, saying, "We will take control of all the territory of the Strip". US President Donald Trump is trying to expel Palestinians to Libya or other countries. Trump imposed sanctions on the International Criminal Court (ICC), and, like Joe Biden, he is selling Israel billions of dollars of weapons. Ben Norton reports. VIDEO: https://www.youtube.com/watch?v=QzG98YklawA Why the US supports Israel, explained: https://geopoliticaleconomy.com/2023/11/12/why-us-support-israel-geopolitics-michael-hudson/ Topics 0:00 USA backs Israel's crimes 0:56 Netanyahu: Israel will control all of Gaza 1:34 Trump gave Israel green light 2:17 Trump wants to expel Palestinians to Libya 3:47 Israel's goal: total colonization 4:38 Mass hunger in Gaza 5:41 Israeli minister: "We're destroying Gaza" 6:50 Netanyahu's "aid" PR 8:10 Israel's strategy: Use hunger as a weapon 10:27 Bezalel Smotrich 11:19 "Voluntary" migration 11:59 "Total annihilation" of Gaza 12:52 Starvation 13:39 Israel vows to annex West Bank 15:02 Trump sanctions ICC 15:56 Biden admin threatened ICC 16:22 USA attacks ICC 17:51 Microsoft aids Israel 18:23 Impact of sanctions 18:52 Is Trump really "frustrated"? 19:52 (CLIP) Trump is Israel's "best friend" 20:07 Trump wants to colonize Gaza 20:44 (CLIP) Trump: US will take over Gaza 20:59 Trump gives Israel weapons 22:49 Netanyahu thanks "greatest friend" Trump 23:05 (CLIP) Netanyahu praises Trump 23:12 Biden's support for Israel 23:46 Obama's support for Israel 24:26 Israel can't wage war without USA 25:02 Israel is US unsinkable aircraft carrier 25:36 Netanyahu is American 26:15 Israel is an outpost of US empire 26:39 (CLIP) Biden: US would create Israel 27:05 Geopolitics of Israel 27:22 Outro

What caused the deindustrialization of the US economy? Can Donald Trump really reindustrialize the USA with tariffs? Economists Radhika Desai and Michael Hudson discuss. VIDEO with charts: https://www.youtube.com/watch?v=vpNql8U6WvE This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

Donald Trump claimed he would "un-unite" Russia and China, but the US divide-and-conquer strategy is failing. In a meeting in Moscow celebrating the 80th anniversary of their nations' victory in World War Two, Presidents Xi Jinping and Vladimir Putin reaffirmed that "China-Russia relations have reached the highest level in history" and will "jointly resist any attempts to interfere with and disrupt the traditional friendship and deep mutual trust between China and Russia". Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=NLJ6K_95uWk Topics 0:00 USA tries to contain China 0:49 (CLIP) Trump vows to divide Russia & China 1:05 Marco Rubio targets China 1:34 (CLIP) Marco Rubio on China "threat" 2:17 Trump admin's Russia strategy 2:33 (CLIP) Rubio wants to "partner" with Russia 2:41 China & Russia are "friends of steel" 3:43 80th anniversary of Victory Day 4:05 Soviet Union defeated Nazi Germany 5:23 China's sacrifice in World War II 6:21 Vietnam resisted Japanese empire 6:50 Putin reaffirms "highest level" China ties 10:23 China-Russia trade 11:52 USA can't offer Russia much 12:36 NATO expansion 13:34 Xi compares US imperialism to fascism 14:38 China-Russia relations 15:16 Xi Jinping on Russia ties 16:46 Shanghai Cooperation Organization (SCO) 17:42 Reverse Nixon? 19:08 China's economy 20:31 Kissinger plan to divide Russia & China 23:05 Obama-Clinton "Russian reset" attempt 26:00 China-Russia joint statement 27:29 World Anti-Fascist War 29:09 Closest China-Russia relations in history 31:17 Multipolarity 34:07 BRICS 35:08 Russia joins the Global Majority 36:17 Brazil 36:49 Venezuela 37:27 Cuba 38:18 Burkina Faso leader Ibrahim Traoré 39:08 Palestine 40:14 Vietnam 41:40 US hegemony is declining 42:55 Outro

Donald Trump's tariff threats, trade war, and other aggressive policies are uniting the world against the United States. Meanwhile, China is deepening its cooperation with Europe, Southeast Asia, Russia, and even South Korea and Japan. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=G4soTzm9uMQ Trump's tariffs turbocharge de-dollarization: https://geopoliticaleconomy.com/2025/05/05/trump-tariffs-dedollarization-sell-us-dollar/ Topics 0:00 Trump's contradictory policies 0:15 (CLIP) Trump vows to be "peacemaker" 0:45 (CLIP) Trump promises imperial expansion 1:23 Massive US war budget 1:44 (CLIP) Trump's $1 trillion military budget 2:04 Ukraine peace talks failed 2:18 Trump bombs Yemen, threatens Iran 2:36 Trump backs Israel's crimes 3:13 Neocon hawk Marco Rubio 4:09 Crusader Pete Hegseth 4:53 Trade war 5:31 China talks 6:20 Dedollarization 7:00 Trump isolates USA 7:29 (CLIP) Trump: USA will be "strongest" 7:50 Blowback 8:25 Poll: Trump is very unpopular 10:01 Fox News poll: Trump is unpopular 10:56 Global anger at US aggression 11:58 US "encirclement" plan for China 13:49 China, Japan, S Korea, ASEAN cooperate 14:53 China, Japan South Korea coordinate 16:15 Japan pushes back against Trump 17:40 China & Vietnam deepen relations 18:28 ASEAN prefers China 19:38 ASEAN's trade with China 20:04 China diversifies its trade 21:50 China-Russia partnership 22:21 (CLIP) Trump: Divide Russia & China 22:37 Xi Jinping's trip to Russia 23:53 China & Russia commemorate WWII 25:13 Europe & China improve relations 27:11 Trump unites the rest of the world 27:43 Poll: China more popular than USA 29:48 US imperial decline 30:09 China: world's no 1 trading partner 30:28 China: world's no 1 economy 30:51 China: world's no 1 manufacturer 31:36 USA: world's no 1 oil producer 32:24 Canada's election 34:12 Australia's election 35:25 The Trump effect 36:14 Outro

Donald Trump said he wanted to save the dominance of the US dollar as the global reserve currency, but his aggressive tariff threats and trade war are accelerating dedollarization. Countries and foreign investors are selling US stocks and bonds (Treasury securities, ie, US government debt), seeking alternative reserve assets. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=VnWnyL3WGjg Topics 0:00 Donald Trump's plan 0:24 (CLIP) Trump on dedollarization 0:51 (CLIP) Trump on dollar dominance 1:23 Dedollarization 2:00 BRICS 2:48 Financial markets are de-dollarizing 4:11 Blowback 5:06 Trump's "Liberation Day" tariffs 5:25 Trade war on China 5:49 US "grand encirclement" plan 6:35 China & Vietnam deepen ties 7:11 China, South Korea, Japan cooperate 7:56 Japan pushes back against USA 9:16 US bond market problems 10:43 Foreign holders of US Treasuries 11:13 China's US Treasury holdings 12:17 China is de-dollarizing 12:46 US asset seizures 14:03 China's dedollarization 15:17 Mar-a-Lago Accord means default 16:58 China de-dollarizes its reserves 19:00 Central banks buy gold 20:53 Gold price skyrockets 22:05 USD falls against yen & euro 23:21 Japanese & European bonds 24:35 Exchange rate risk 25:22 Japanese investors sell US assets 27:26 Dedollarization accelerates 28:37 Multipolar currency world 29:46 US current account deficit 30:40 Foreign holdings of US Treasuries 31:57 Scott Bessent fails to lower yields 32:30 Interest payments on US debt 33:20 Federal Reserve chair Jerome Powell 33:58 Dedollarization will continue 34:52 Outro

Canada's new Liberal Prime Minister Mark Carney is a center-right banker, not a real alternative to Donald Trump's right-wing agenda. They both serve the interests of rich elites and large corporations. Political economist Radhika Desai analyzes Canada's 2025 election results with journalist and lawyer Dimitri Lascaris. VIDEO: https://www.youtube.com/watch?v=HH9PzE1Agt0 You can follow Dimitri Lascaris' independent media outlet Reason2Resist here: https://www.youtube.com/@reason2resist This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

The US military is preparing for war on China, and has missile systems in the Philippines aimed at major Chinese cities. Defense Secretary Pete Hegseth says the USA is making "Japan into a war-fighting headquarters". Ben Norton discusses the extremely aggressive policies of Trump, Biden, and beyond. VIDEO: https://www.youtube.com/watch?v=E4f43dPOWgo Trump's nuclear trade war targets China - but will blow back on USA: https://www.youtube.com/watch?v=u9k7132Iyeo US Defense Secretary Hegseth wants to overthrow China’s government, in ‘crusade’ against left (and Islam): https://geopoliticaleconomy.com/2025/03/07/us-defense-secretary-hegseth-overthrow-china-crusade/ Topics 0:00 USA prepares for war on China 0:54 US missile systems in Philippines 2:01 Cuban missile crisis 2:59 Bipartisan warmongering 3:47 Economic war 4:51 Trump boosts military budget 5:05 (CLIP) Trump: $1 trillion military budget 5:36 Deficit, DOGE, & Elon Musk 6:24 Pete Hegseth: an imperial "crusader" 7:04 (CLIP) Hegseth promises "lethality" 7:18 Hegseth's "American crusade" 8:16 Pentagon memo on war with China 9:01 Heritage Foundation 9:46 Pentagon memo on war with China 11:57 Trump's goal with Ukraine 12:27 (CLIP) Trump: divide Russia & China 12:42 Pentagon dubs China top "threat" 14:37 China's challenge to US hegemony 16:40 Taiwan as US imperial outpost 18:25 US troops & weapons in Taiwan 18:53 US-China three communiqués 20:47 USA backs Taiwan separatism 21:16 (CLIP) Marco Rubio on Taiwan 21:49 Taiwanese authoritarianism 22:56 Polls on Taiwan separatism 24:17 Taiwan's semiconductors 25:47 Hegseth's trip to Japan 27:16 USA promises peace through war 28:03 Trump admin's top 3 military goals 28:18 US aggression 30:31 Hegseth's trip to Philippines 31:26 (CLIP) USA has "real war plans" 32:12 Philippines as US imperial proxy 34:31 Silicon Valley prepares for war 35:11 Billionaire Palmer Luckey 38:54 Pentagon contractor Anduril 39:35 CIA-backed Palantir 40:02 Oligarch Peter Thiel 40:57 Venture capital & military-industrial complex 42:35 USA is an oligarchy 43:45 US war on China 45:02 Outro

Will US President Donald Trump be the tipping point for the dollar system? Even Western financial outlets now warn of the beginning of the end of dollar dominance. To discuss, host Radhika Desai is joined by economist Michael Hudson and economic geographer Mick Dunford. VIDEO: https://www.youtube.com/watch?v=bGZXDzmL10k This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

Donald Trump's tariffs are benefiting rich elites at the expense of the majority of the population, argues economist Michael Hudson. He explains how the US trade war on China is isolating the United States and encouraging countries to seek alternatives. Ben Norton hosts the interview. VIDEO: https://www.youtube.com/watch?v=jGsLDQQuzU0 Read Michael Hudson's report "Return of the robber barons – Trump’s distorted view of US tariff history": https://geopoliticaleconomy.com/2025/04/14/michael-hudson-robber-barons-trump-tariffs/ Topics 0:00 Intro 1:11 Michael Hudson highlights 2:09 Interview starts 2:41 Replacing income tax with tariffs 5:40 Government industrial policy 9:22 Reaganomics 2.0 11:29 Gilded Age 14:54 China's model 17:50 (CLIP) JD Vance calls Chinese "peasants" 18:12 Public finance 22:57 Trade war on China 25:12 (CLIP) Trump demands tribute 25:42 US attempt to isolate China 26:30 USA doesn't have many cards 28:55 Import substitution 30:16 Trump is isolating the US 34:58 US dollar system in crisis 38:03 Reindustrialization 40:06 Trump's bullying strategy 43:26 Destroying the post-WWII system 49:06 Global South vs the West 50:58 Democracy or oligarchy? 56:05 Billionaire oligarchs 56:56 Corruption 58:25 Outro

After Donald Trump imposed 145% tariffs on China, he was forced to issue exemptions for Chinese made cellphones, computers, semiconductors, and other electronics, because the deindustrialized US can't make them. Trump's huge trade war immediately failed, demonstrating that China is much stronger economically than the USA thinks. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=w6t1oQ5G668 Topics 0:00 Trump's trade war 0:45 Exemptions for Chinese electronics 1:56 China's trade with USA 2:27 Myth of US reindustrialization 3:26 Goals of tariffs 4:40 Lack of industrial policy 5:49 Trump's tariff exceptions 9:14 Trump begs Xi Jinping to call him 9:56 (CLIP) Howard Lutnick on China 10:12 China and Vietnam boost ties 11:28 China's economic strength 13:51 Airliners 16:05 Semiconductors 19:15 AI 20:47 China's technological development 22:43 Backfiring on US economy 23:43 Luxury goods 25:09 China's exports 27:13 China holds more cards than USA 29:22 US Treasury securities (bonds) 30:35 US unipolarity is over 31:20 Multipolarity 32:24 Outro