Trump's tariffs could cause huge global crisis, warns economist Michael Hudson
Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can't earn the dollars needed to pay their foreign debts. Ben Norton hosts the interview.
VIDEO: https://www.youtube.com/watch?v=FFyWatftnIM
Transcript: https://geopoliticaleconomy.com/2025/02/04/trump-tariffs-global-crisis-economist-michael-hudson/
Here you can read Michael Hudson's article on how Trump’s tariffs threaten the global economy: https://geopoliticaleconomy.com/2025/01/25/michael-hudson-trump-tariffs-global-economy/
Topics
0:00 Trump's tariff threats
3:10 Highlights of Michael Hudson
5:47 How to pay foreign debt
10:55 Austerity
14:48 Protectionism
17:19 US threats
21:11 Mexico
22:47 Defaulting on debt
25:46 Economic colonialism
28:18 Colombia
29:50 Greenland
30:23 Economic war
31:02 China's win-win approach
32:24 Trump's contradictions
35:20 US dollar & re-industrialization
37:06 Finance capitalism
41:00 Dollar exchange rate & inflation
44:34 Trump proposal at WEF/Davos
45:20 Investing in USA
47:18 US imperialism
49:17 Outro
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49:58
Tech CEOs admit they want AI monopoly: US plans to block China's competition & 'steal' engineers
Big Tech oligarchs in Silicon Valley fear competition from Chinese AI companies like DeepSeek, so they're working with the US government to cut off competitors. Billionaire Donald Trump backer Peter Thiel admits they want monopolies, arguing "competition is for losers". Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=4jniPAD2uoo
Topics
0:00 (CLIP) "Competition is for losers"
0:17 China's DeepSeek AI breakthrough
1:46 US tech billionaire Peter Thiel
2:06 (CLIP) Peter Thiel praises monopolies
2:31 Peter Thiel backs Donald Trump
3:12 US government targets DeepSeek
4:23 US goal: stop Chinese innovation
5:40 China is developing 10 AI models
6:00 Senate hearing on China
7:15 (CLIP) "Let's steal [China's] engineers"
7:30 CIA testimony
8:24 (CLIP) Ban Chinese apps in USA
8:43 Is DeepSeek stealing from OpenAI?
10:40 OpenAI CEO Sam Altman
11:05 (CLIP) Sam Altman & Peter Thiel
11:24 Silicon Valley wants to cut off China
11:49 Anthropic CEO Dario Amodei
12:42 Chip restrictions on China
14:34 Big Tech wants US "unipolar world"
16:41 Who's authoritarian, USA or China?
19:03 US oligarchy
20:20 Capitalism vs competition
21:24 Peter Thiel employed JD Vance
21:54 PayPal Mafia
22:30 Robber barons
23:19 Capitalism creates monopolies
24:56 Chinese socialism vs US capitalism
29:38 Outro
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29:52
China's shocking DeepSeek AI pops US Big Tech monopoly bubble
The Chinese company DeepSeek shocked the West with a groundbreaking open-source artificial intelligence model that beats huge Silicon Valley Big Tech monopolies. The US government is already trying to ban it, using "national security" as an excuse. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=6hRmK84_K7Q
Topics
0:00 China's Sputnik moment
1:05 DeepSeek beats US Big Tech
2:20 Open source R1 model
3:18 US tech stocks crash
5:27 US stock market bubble
6:55 Magnificent 7
8:26 Billionaire oligarchs
10:48 USA bans Chinese competitors
13:34 Data privacy and spying?
15:35 Cyber attacks
16:33 US tech war on China
19:36 China "can't innovate"
22:02 China's rapid tech progress
24:49 Dancing robots in China
25:36 Tech race in new cold war
27:20 Outro
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27:31
Trump attacks Colombia, and it pushes back: 'We are not a colony'!
Donald Trump threatened Colombia with sanctions and tariffs after it rejected his abuse of immigrants. Colombian President Gustavo Petro hit back against the US attacks, declaring, "We are not a colony!" Ben Norton analyzes Latin America's resistance to meddling by Trump and his neoconservative Secretary of State Marco Rubio.
VIDEO: https://www.youtube.com/watch?v=ZZ8YZEecJgE
Topics
0:00 Trump admin's hawkish foreign policy
0:30 Neocon Marco Rubio
1:30 Colombia: from US puppet to target
2:24 Marco Rubio's attacks on Gustavo Petro
3:51 Israel-Palestine
5:21 US attacks on Latin America
5:58 Trump sanctions & tariffs Colombia
7:31 Humiliation of immigrants
9:10 Colombia responds with tariffs on US
10:25 US meddling fuels immigration
12:42 (CLIP) Trump on 'taking over' Venezuela
12:54 Latin America fights back
14:02 Honduras threatens to close US military base
14:40 Illegal US immigration in Colombia
15:22 China's relations with Latin America
16:49 Latin American right bows down to USA
19:30 Ecuador's US puppet president
20:40 Petro's open letter to Trump
32:23 Global South stands up
33:12 (CLIP) Trump wants to 'expand' US empire
33:43 US imperialism
34:24 Outro
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34:39
Canada's PM Trudeau: disaster in office, disaster on departure
Canada's Prime Minister Justin Trudeau announced that he is resigning. Meanwhile, US President Donald Trump is talking about annexing Canada and making it the 51st state. To discuss the disaster, political economist Radhika Desai is joined by Dimitri Lascaris, host of the independent media outlet Reason2Resist.
VIDEO: https://www.youtube.com/watch?v=y7KySFlP4-0
Check out Radhika Desai's article on Trudeau’s fall: https://newleftreview.org/sidecar/posts/trudeaus-fall
You can follow Dimitri Lascaris' channel here: https://www.youtube.com/@reason2resist
This is part of the show Geopolitical Economy Hour. You can watch other episodes of the program here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
Colombia