Michael Hudson: How the Global Majority Can Free Itself From US Financial Colonialism

Michael Hudson: How the Global Majority Can Free Itself From US Financial Colonialism

PM addressing the session on Peace and Security and Reform of Global Governance on the sidelines of 17th BRICS Summit at Rio De Janeiro, in Brazil on July 06, 2025. Prime Minister’s Office (GODL-India), GODL-India https://data.gov.in/sites/default/files/Gazette_Notification_OGDL.pdf, via Wikimedia Commons In one of the scariest moments in modern history, we're doing our best at ScheerPost to pierce the fog of lies that conceal it but we need som…

How the Global Majority can free itself from US financial colonialism - Other News - Voices against the tide

By Michael Hudson* – Geopolitical Economy Economist Michael Hudson describes how China created an alternative to the Western neoliberal order, and how the Global South can challenge the rent extraction of US-centered financial colonialism. Industrial capitalism was revolutionary in its fight to free Europe’s economies and parliaments from the hereditary privileges and vested interests that survived from feudalism. To make their manufactures comp…

Michael Hudson, Richard D. Wolff, Nima Alkhorshid - BRICS vs. the Rentier Economy - Brave New Europe

10 July 2025   NIMA ALKHORSHID: Hi everybody. Today is Thursday, July 10, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Let me start, Michael, with what’s going on with BRICS here in Rio de Janeiro. They’ve started the summit and they were talking about many things, but one of the main issues is the tariffs and the way that the United States is dealing with…

Michael Hudson: How the Global Majority can free itself from US financial colonialism

Industrial capitalism was revolutionary in its fight to free Europe’s economies and parliaments from the hereditary privileges and vested interests that survived from feudalism. To make their manufactures competitive in world markets, industrialists needed to end the land rent paid to Europe’s landed aristocracies, the economic rents extracted by trade monopolies, and interest paid to bankers who played no role in financing industry. These renti…