Michael Hudson: My Secret Life as a Wall Street Marxist

Full Episode:    • Richard Wolff & Michael Hudson: Karl ...  

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: https://www.rdwolff.com

Economic Update: https://www.democracyatwork.info/econ...

Understanding Capitalism (Book): https://www.democracyatwork.info/unde...

Michael’s Website: https://michael-hudson.com

Temples of Enterprise: https://a.co/d/a3c53dm

Robinson's Website: http://robinsonerhardt.com

Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University.