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Trickle-Down Socialism

Pat Donohue, Dan Goldsbury, and C$ Burns

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Welcome to Trickle-Down Socialism, where we discuss how the US currently has a system of socialism for the super rich and corporations, we try to defang the term “socialism” and explore how government, with a major shift in priorities, could be a force for good in all of our lives. Capitalism kills, economic justice, campaign finance reform, Progressive politics, Labor Unions, Labor Movement Support this podcast: https://podcasters.spotify.com/pod/show/trickledownsocialism/support
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Western governments invited billionaire BlackRock CEO Larry Fink to the G7 summit in Italy to speak about "public-private partnerships" and why oligarchs should buy up global infrastructure (to compete with China's state-led Belt and Road Initiative). Ben Norton discusses how capitalism is becoming so extremely monopolized and unequal that it is de…
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Ukraine is a "gold mine" with $12 trillion worth of critical minerals, US Senator Lindsey Graham insisted in a TV interview. Ben Norton discusses how Western companies want these resources, and how Washington hopes to block China's access to them to hurt its technology industries.VIDEO: https://www.youtube.com/watch?v=3TRPk3N8FyQZelensky is literal…
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Polling shows that the vast majority of people in the US and Western Europe want a negotiated settlement to end the war in Ukraine, but NATO opposes a peace proposal made by China and Brazil, while refusing to invite Russia to a so-called "peace conference" in Switzerland. Ben Norton explains.VIDEO: https://youtube.com/watch?v=l5eQd1E_HuoTopics0:00…
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In Mexico, a new independent left-wing movement has defeated the country's elites. Following current President AMLO, President-elect Claudia Sheinbaum and their Morena party won the 2024 election in a landslide. Ben Norton is joined by journalist José Luis Granados Ceja to discuss what their "Fourth Transformation" (4T) means for the US, China, Rus…
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While BlackRock veterans run Joe Biden's Treasury, Donald Trump's presidential campaign is financed by Wall Street's highest-paid CEO, of Blackstone, the world's largest commercial landlord. Ben Norton explains how Wall Street investment companies, asset managers, and banks essentially buy US elections.VIDEO: https://youtube.com/watch?v=ZJaJ4BST6Nc…
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As Israel bombs Rafah with US support, both are blatantly defying the International Court of Justice (ICJ) and International Criminal Court (ICC). Ben Norton documents the hypocrisy of the Biden administration's claims to uphold the "rules-based international order" as it sponsors Netanyahu's crimes against humanity in Gaza.VIDEO: https://youtube.c…
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Putin met with Xi Jinping in Beijing, where China and Russia released a joint statement blasting Western "colonialism and hegemonism", supporting a multipolar world and more representation for the Global South, and calling for de-dollarization and expansion of BRICS. Ben Norton analyzes the historic document.VIDEO: https://youtube.com/watch?v=ufjxm…
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The International Criminal Court (ICC) has applied for an arrest warrant for Israel's Prime Minister Netanyahu over crimes against humanity in Gaza. The Biden administration is threatening sanctions on Prosecutor Karim Khan. US Senator Lindsey Graham warned, "if they'll do this to Israel, we’re next!" Ben Norton discusses Washington's extreme hypoc…
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Iran's President Ebrahim Raisi, who died in a helicopter crash, sought to unite the Global South against Western imperialism. He joined BRICS, advocated de-dollarization, supported Palestine, promoted a "Look East" strategy toward China and Russia, and allied with Africa and Latin America. Ben Norton analyzes the late Iranian leader's anti-colonial…
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Political economists Radhika Desai and Michael Hudson are joined by Professor C.P. Chandrasekhar to discuss what is really happening in India's economy, if its government growth statistics and other official data are accurate, the policies of Prime Minister Narendra Modi and his party BJP, and the country's 2024 elections.VIDEO: https://youtube.com…
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The Joe Biden White House imposed high tariffs on Chinese technological products, including electric vehicles (EVs), solar panels, batteries, and semiconductors. Ben Norton analyzes the hypocrisy of US government accusations that Beijing provides unfair subsidies to its industries, while Washington is spending trillions on industrial policy -- and …
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US Senator Lindsey Graham insisted in a TV interview that Israel should drop nuclear bombs on Gaza, where more than 2 million Palestinian civilians, including 1 million children, are trapped under what the Israeli defense minister called a “complete siege”. Ben Norton discusses Washington's bipartisan complicity in crimes against humanity.VIDEO: ht…
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143 countries, representing the vast majority of the world, voted at the UN General Assembly to support giving Palestine full membership. They were opposed by the US, Israel, and seven other small countries, representing just 5% of the global population. Ben Norton analyzes the geopolitics.VIDEO: https://youtube.com/watch?v=JtHx7hhpFDYSources and l…
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While visiting Serbia, China's President Xi Jinping condemned the US and NATO for bombing Beijing's embassy in Belgrade, Yugoslavia in 1999. Ben Norton discusses why Washington launched the attack, and lied about it. Then Ben analyzes China-Serbia relations and the Belt and Road Initiative.VIDEO: https://youtube.com/watch?v=MILgSmiBLA8Topics0:00 Xi…
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US Senators sent a letter to International Criminal Court (ICC) Prosecutor Karim Khan, threatening to impose sanctions and even invade the Hague if he issues arrest warrants for Israel's Prime Minister Benjamin Netanyahu. The Biden administration is also pressuring the ICC not to charge Israeli officials over their war crimes in Gaza. Ben Norton di…
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China is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world's largest economy.VIDEO: https://youtube.com/watch?v=z-bnIrbZjaMCheck out our relate…
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Japan's currency the yen has fallen significantly against the dollar. It its economy in crisis? What is the role of US interest rates, inflation, debt, and deficits? What about China? Ben Norton explains the complex geoeconomic situation.VIDEO: https://youtube.com/watch?v=sz3r36ZTe7QTopics0:00 Intro1:40 Yen plunges against US dollar3:32 Rising expo…
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How much does the US benefit from printing the global reserve currency? An economist calculated that US average daily income would fall by 27-57% if the dollar lost its "exorbitant privilege". Ben Norton explains how wealthy investors not only in North America but around the world hold much of their wealth in the dollar.VIDEO: https://youtube.com/w…
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US President Joe Biden signed a law that will force TikTok's Chinese owner ByteDance to sell the app, or it will be banned in the US. Ben Norton explains how this is part of Washington's economic war, aimed at protecting Big Tech monopolies in Silicon Valley.VIDEO: https://youtube.com/watch?v=_WFYov2kfLITopics0:00 Biden signs law to ban TikTok1:39 …
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If Ukraine loses in the NATO proxy war with Russia, "it will be the end of Western hegemony", lamented former British Prime Minister Boris Johnson. Ben Norton explains the geopolitics of the conflict, and how most of the Global South has not joined the Global North in opposing Moscow.VIDEO: https://youtube.com/watch?v=M8ZmkIhs8r0Check out our relat…
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Jill Stein explains why she decided to run for US president on an anti-war, pro-worker platform, challenging the duopoly of the Democrats and Republicans as the candidate for the Green Party. She is interviewed by political economists Radhika Desai and Michael Hudson.VIDEO: https://youtube.com/watch?v=oDUb7-MPH48Read the transcript here: https://ge…
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The US vetoed a resolution in the UN Security Council that called to recognize Palestine as a member state, while Israel launched attacks on Iran. Ben Norton shows how Washington is opposing peace.VIDEO: https://www.youtube.com/watch?v=VndvgbR51D4Topics0:00 Intro1:29 Israel attacks Iran4:39 US vetoes Palestinian UN membership7:31 What is Palestine'…
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A major Congress member and top former Trump administration official published an article calling to overthrow China's government. They boasted that the US is waging a new cold war and must win it, while proposing a military budget of $1.4 trillion per year. Ben Norton debunks the deceptions of the warmongers in Washington.VIDEO: https://youtube.co…
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Israel attacked Iran's embassy in Syria on April 1, in a blatant act of war. Iran had a legal right to respond in self-defense, according to article 51 of the UN Charter, which is exactly what it did by launching missiles and drone strikes on April 13. But Western governments are absurdly portraying Tehran as the aggressor. Ben Norton explains.VIDE…
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Washington accuses China of producing too many goods and demands "free market" policies. But the US government is spending trillions on industrial policy to protect its own manufacturing sector. Ben Norton details the hypocrisy of the allegations, the latest strategy in the US economic war on China.VIDEO: https://youtube.com/watch?v=GUpWxNcdnYUTopi…
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Political economists Radhika Desai and Michael Hudson analyze how the United States is waging an economic war against China.VIDEO: https://youtube.com/watch?v=4l3EbRUOGsITranscript: https://geopoliticaleconomy.com/2024/04/09/us-waging-economic-war-china-radhika-desai-michael-hudson/You can watch other episodes of their program Geopolitical Economy …
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In the United Nations Human Rights Council, the West voted against the rest of the world, supporting illegal sanctions (known as unilateral coercive measures). Ben Norton analyzes how the 14% of the population in the Global North constantly opposes the Global South, representing the Global Majority.VIDEO with maps and graphics here: https://youtube…
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Argentina's libertarian President Javier Milei ordered his intelligence agency to give full power to the CIA, while the US spy agency's director is welcomed to Buenos Aires. Ben Norton discusses how self-declared "anarcho-capitalist" Milei withdrew from BRICS, allied with Israel, and is implementing neoliberal shock therapy, selling off the South A…
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The US government has sent troops to Taiwan, just a few kilometers from mainland China, while also selling billions of dollars of weapons and military equipment. Is Washington preparing for war? Ben Norton analyzes the geopolitical situation.VIDEO: https://youtube.com/watch?v=sWWABuHjSvUAfter Ukraine, US readies ‘transnational kill chain’ for Taiwa…
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Israel is carrying out genocide against the Palestinian people and "systematic destruction of every aspect necessary to sustain life in Gaza", United Nations Special Rapporteur Francesca Albanese detailed in her report titled "Anatomy of a Genocide". Ben Norton analyzes the political context.VIDEO: https://youtube.com/watch?v=o4e4fI_r3b0…
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The world economy is structured in an unjust way in which the West drains the wealth of the Global South. Ben Norton discusses the economics of imperialism, and how China has tried to reverse it.VIDEO: https://youtube.com/watch?v=PlAN5-Lk0hwChina is ‘world’s sole manufacturing superpower’, with 35% of global output: https://geopoliticaleconomy.com/…
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Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss China's economy and debunk Western media myths, addressing accusations that consumption is too low, fears of "Japanification", the role of exports, and the new Chinese growth strategy.VIDEO: https://youtube.com/watch?v=isJR5dS27qAThis i…
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The US government's plan to either ban TikTok or force owner ByteDance to sell it to a (US) company is part of Washington's economic war on China, and an attempt to protect Big Tech monopolies in Silicon Valley. Ben Norton explains.VIDEO: https://youtube.com/watch?v=1I7reuh86CMSources and links here: https://geopoliticaleconomy.com/2024/03/18/us-ti…
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Several reports in mainstream US media outlets show how the CIA has helped to direct the proxy war against Russia in Ukraine, and played a role in causing the conflict in the first place. Ben Norton examines the evidence.VIDEO: https://youtube.com/watch?v=C-PdT8ZUamQUS govt knew NATO expansion to Ukraine would force Russia to intervene: https://geo…
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Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss what is actually happening in China, explaining its economic transition and move toward a new industrial revolution.VIDEO: https://youtube.com/watch?v=3K1Vku1SDd8You can watch other episodes of their program Geopolitical Economy Hour he…
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The US government has sent Israel more than 100 arms shipments since October 7, to help it bomb Gaza. Polls show 52% of North Americans oppose these weapons sales. Biden is defying the Democratic Party's base, while allying with Trump and the Republicans. Ben Norton reviews the evidence.VIDEO: https://youtube.com/watch?v=Yoj8Sleb9XQUS kills 4th UN …
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Why is the United States waging economic war on China? Ben Norton discusses how China became the world's industrial superpower and a leader in important technologies, why the US is unable to compete, and the clash between Western neoliberal capitalism and Chinese socialism.VIDEO: https://youtube.com/watch?v=c3ngd__0ok0China is now the 'world's sole…
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The European Union’s top diplomat, Josep Borrell, admitted that the “era of Western dominance has indeed definitively ended”. He warned that the EU must not divide the world into “the West against the Rest”, as “many in the ‘Global South’ accuse us of ‘double standards’”. Ben Norton analyzes the historic shift.VIDEO: https://youtube.com/watch?v=PVS…
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Political economists Radhika Desai and Michael Hudson discuss the rhetoric and reality of Bidenomics, and how good US President Joe Biden really was for the economy.VIDEO: https://youtube.com/watch?v=Xwht64COz2QTranscript: https://geopoliticaleconomy.com/2024/02/28/bidenomics-economy-radhika-desai-michael-hudson/You can find other episodes of their…
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The Western media showed its extreme bias by whitewashing the fatal protest of US airman Aaron Bushnell, who set himself on fire outside Israel's embassy in Washington, DC while shouting "Free Palestine!" and "I will no longer be complicit in genocide!". Ben Norton contrasts the press' coverage of Russia, showing clear double standards.VIDEO: https…
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Many Latin American countries have accused Israel of genocide against the Palestinian people, even comparing it to Nazi Germany. Ben Norton explains the responses of Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru, and Venezuela.VIDEO: https://youtube.com/watch?v=63Zj691F8IwTopic…
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The United States used its veto power to block a fourth UN Security Council resolution that called for a humanitarian ceasefire in Gaza. The Biden administration keeps sending weapons to Israel, helping it violate an International Court of Justice (ICJ) ruling that says Netanyahu must respect the Genocide Convention and stop killing Palestinians. B…
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NATO's new cold war on Russia and China is destroying Germany's industrial base, devastating Europe's economy, and destabilizing its politics, fueling the rise of the far-right, as neoliberal austerity policies exacerbate the ongoing recession. Ben Norton analyzes the evidence.Links:- EU confesses ‘our prosperity was based on China & Russia’: cheap…
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Why are countries seeking alternatives to the US dollar? And what role can central bank digital currencies (CBDCs) play in dedollarization? Ben Norton explains how China is using the e-yuan (e-CNY) in new institutions like the mBridge system.VIDEO: https://youtube.com/watch?v=v61dgvN81n0US Congress plots to save dollar dominance amid global de-doll…
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Russian President Vladimir Putin condemned the "boogeyman" anti-China propaganda that Trump ally Tucker Carlson spewed in his interview in Moscow, while also mocking Tucker for applying to join the CIA. Ben Norton documents the former Fox News host's long history of pushing for war on China.VIDEO: https://youtube.com/watch?v=JzEc5GbSbIUSources and …
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Political economists Radhika Desai and Michael Hudson discuss realistic alternatives to the neoliberal model of financialization, and tangible policies to build a productive, sustainable economy.VIDEO: https://youtube.com/watch?v=o2HTc8yA4mITranscript: https://geopoliticaleconomy.com/2024/02/09/economic-solutions-neoliberalism-radhika-desai-michael…
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CIA Director William J. Burns published an article demonizing China and Russia as top "threats", boasting that the Ukraine war helps the US economically and geopolitically, and warning Taiwan could be next. Ben Norton explains the context.VIDEO: https://youtube.com/watch?v=uDv4KsLXua8Sources and more information here: https://geopoliticaleconomy.co…
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Reports reveal that the US Drug Enforcement Administration (DEA) used known criminals to spy on and destabilize the left-wing governments in Venezuela, Mexico, and Bolivia. Ben Norton reviews the scandalous evidence detailing Washington's corrupt meddling in Latin America.VIDEO: https://youtube.com/watch?v=5q2531l5Y5MLinks:- Trump boasts he wanted …
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US President Joe Biden and Western media pundits echoed Israel's disinformation casting doubt on the Palestinian health ministry death toll in Gaza, but Israeli intelligence officials have admitted it is accurate. Ben Norton looks at the evidence.VIDEO: https://youtube.com/watch?v=Dbj1GNT3MjkDespite Biden’s claims, Gaza health ministry death toll i…
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"China is now the world’s sole manufacturing superpower", a mainstream European think think has acknowledged. Ben Norton explains China's historic growth and development model, and how the Chinese socialist market economy works.VIDEO: https://youtube.com/watch?v=WnDWr2YLBgISources and more information here: https://geopoliticaleconomy.com/2024/01/3…
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