This episode came on the heels of a traumatic, eight-interview
sprint in NYC. As you’ll see, this one was particularly chaotic,
but the stars aligned to make it happen. Camera switches,
bathroom breaks, health concerns, equipment malfunctions, and
even a robbery didn’t prevent the conversation from coming
together. With this in mind, I hope you’ll forgive how crazy and
inconsistent the video is; the fact that it even got put together
is courtesy of my friend and editor Yu Guo (a philosopher who got
his PhD from NYU with past guest Paul Boghossian). Given that
there’s some new intro music, and you’re already getting an
abundance of distracting production nuggets, I decided to show
the soup being made. My thanks go to Richard, who met with me
twice in three days (not to mention his wife, who allowed it),
and Michael, who put up with me for over four hours.
- Robinson
P.S. Toward the end of the episode Michael eats a jerky stick
from Maui Nui Venison, which is a company operating out of Hawaii
that manages the invasive deer population of Maui that is
decimating the landscape. Instead of culling the animals and
disposing of their bodies, the meat is butchered and sold. It is
the only meat I eat, full-stop, and the ethical reasons are
sufficient for this, but it is also the best meat that I have
ever had. I reached out to Maui Nui and told them that I support
what they are doing and would like to be of any help that I can.
They gave me this coupon code—ROBINSON—which you can use for 15%
off. I am not being paid for this in any way. I believe in what
they are doing and I want this model to succeed. People are going
to be eating meat for the foreseeable future and I would be
happier if it was not factory-farmed meat. So please check Maui
Nui out and give them a try!
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.
OUTLINE
00:00 Introduction
00:51 Michael and Rick's Histories with Marx
16:50 A Marxless Education
29:42 Marxism and the West
35:18 Marx and the Emergence of Capitalism
43:59 Socialism Vs State Capitalism
49:21 The Culmination of Economics in Marx
57:16 The Crucial Features of Marxism
1:12:15 Marx, China, and the BRICS
1:25:57 The Laws of Motion of Finance Capitalism
1:28:58 Why Won't Mainstream Media Interview Michael Hudson and
Richard Wolff?
1:42:16 Why is the American Empire Crumbling?
1:54:51 Is the Dollar Destroying the United States?
2:01:38 Marx as the Culmination of Classical Economics
2:10:19 Will Trump's China Tariff Policy Spell Disaster for
America?
2:22:43 Is Trump's Policy on Russia Idiotic?
2:27:23 Does It Matter for America Who Wins the Election?
2:37:13 Michael's Rhetorical Abilities
2:43:54 How Can We Use Economics to Forecast the Future?
2:54:48 Does Paul Krugman Know Anything About Economics?
2:57:57 How Michael Got His PhD
3:04:59 What's Wrong With the Nobel Prize in Economics?
3:10:04 The Long and Short of Marx's Kapital
3:17:20 Capitalism and Labor
3:31:51 The Biggest Myth About Karl Marx
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