285 - Richard Wolff & Michael Hudson: The Destruction of Modern Nations

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. This is Richard’s twelfth appearance on Robinson’s Podcast. 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 Michael’s eighth appearance on the show. In this episode, Robinson, Richard, and Michael discuss colonialism and the death of modern nations. More particularly, they discuss the evolution of capitalism toward socialism, whether colonialism has officially ended, Russia, China, Israel, Iran, Trump, Putin, and the United States. Richard’s latest book is Understanding Capitalism (Democracy at Work, 2024). Michael’s most recent book is Temples of Enterprise (ISLET, 2024). Understanding Capitalism (Book): https://www.democracyatwork.info/understanding_capitalismRichard’s Website: https://www.rdwolff.comEconomic Update: https://www.democracyatwork.info/economicupdateMichael’s Website: https://michael-hudson.comTemples of Enterprise: https://a.co/d/a3c53dmOUTLINE00:00 Is Capitalism Evolving into Socialism?07:20 Is Today the Post-Colonial Period?18:10 How Colonialism Divided the World28:54 China and the Revenge of Feudalism41:06 Productive vs Unproductive Labor49:24 Overcoming the “Discipline” of Academia01:01:17 The Danger of Education01:13:19 Will the United States Break Up?01:21:22 Why the EU and NATO Will Break Up01:29:15 Why Michael Believes the US Will Remain United01:38:37 Trump’s Army and the Militarized Police01:46:49 Is the US Turning into a Police State?01:48:49 The Choice Before a Declining EmpireRobinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.