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Trickle-Down Socialism

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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://anchor.fm/trickledownsocialism/support
 
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show series
 
China's President Xi Jinping traveled to Russia to meet Vladimir Putin, where they pledged "changes the likes of which we haven’t seen for 100 years", agreeing to deepen economic integration and challenge the hegemony of the US dollar by promoting the use of the yuan and other currencies in international trade.VIDEO: https://youtube.com/watch?v=Odd…
 
The US Federal Reserve printed $300 billion in one week to save collapsing banks and bail out wealthy Silicon Valley oligarchs. 93% of Silicon Valley Bank's deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB's loans went to venture capitalist and private equity firms.Sources and more information…
 
Honduras' leftist President Xiomara Castro announced her government will recognize China. Now only 12 UN member states have formal diplomatic relations with Taiwan separatists. They have a combined population of less than 39 million, or 0.49% of the planet.VIDEO: https://youtube.com/watch?v=KklV9438o1wSources and more information here: https://geop…
 
Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn't calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives.TRAN…
 
China sponsored peace talks that led Saudi Arabia and Iran to normalize diplomatic relations, in a big blow to the petrodollar. Both countries are major oil producers that have applied to join BRICS and are discussing selling energy in other currencies.VIDEO: https://youtube.com/watch?v=DyAFerEouN0BRICS challenges US ‘dollar dominance’, Saudi consi…
 
Economists Radhika Desai and Michael Hudson discuss the evolution of the US dollar system after it was taken off the gold standard in 1971.VIDEO: https://youtube.com/watch?v=dRlOfxWR-qECheck out other episodes of their show Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP…
 
Historian Aaron Good explains US President John F. Kennedy's policies on the wars on Vietnam and Laos, and JFK's conflict with the generals in the Pentagon's Joint Chiefs of Staff.VIDEO: https://youtube.com/watch?v=vkslqu9_q0wThis is from the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaro…
 
President Xi Jinping denounced the US-led Western attempt to "contain, encircle, and suppress China". Foreign Minister Qin Gang condemned Washington's "hysterical neo-McCarthyism" and "malicious confrontation", opposing the "cold war mentality".VIDEO: https://youtube.com/watch?v=4laXMaMhbPoSources and more information here: https://geopoliticalecon…
 
In an interview with the Chamber of Commerce, US Ambassador Nicholas Burns referred to China as a “threat”, “great challenge”, and “very difficult government”, stating arrogantly, “The United States is staying in this region. We’re the leader in this [Indo-Pacific] region”.VIDEO: https://youtube.com/watch?v=BEqmQkKlcjoSources and more information h…
 
Economist Radhika Desai and Ben Norton analyze imperialism, the failure of neoliberalism, and the new cold war that the US is waging against China and Russia.VIDEO: https://youtube.com/watch?v=RVIpyOwJRW4This is part 2 in a series discussing Radhika's new book "Capitalism, Coronavirus and War: A Geopolitical Economy".Other episodes in the series ca…
 
Malaysia’s longest-serving Prime Minister Mahathir Mohamad said “the present war between Ukraine and Russia is caused by the Europeans’ love of war, of hegemony, of dominance”. He warned it “can be interpreted as the start of the Third World War”.VIDEO: https://youtube.com/watch?v=3zUJAvB56a4Sources and more information here: https://geopoliticalec…
 
Top US military officials have stated openly that Washington is preparing to wage war on China, supporting separatists on Taiwan island. Geopolitical Economy Report editor Ben Norton gave this presentation as part of the panel discussion "Will there be a war in the Taiwan Strait?", organized by the International Manifesto Group.VIDEO: https://youtu…
 
Historian Aaron Good explains the rise of US President John F. Kennedy, the First Cold War, his criticism of European colonialism, and how the CIA's Bay of Pigs attack would later reverberate in the 1963 JFK assassination.VIDEO: https://youtube.com/watch?v=5N5bs1IGLQoThis is from the Empire and the Deep State series that Geopolitical Economy Report…
 
A study by the EU-funded European Council on Foreign Relations found that the West is increasingly out of touch politically with the rest of the world. Most people in China, India, and Türkiye see Russia as an important ally, and they want a multipolar world, not continued “American global supremacy”.VIDEO: https://youtube.com/watch?v=6onX5CKS3hMSo…
 
Economists Radhika Desai and Michael Hudson explain the rise of the US dollar system, its central role in imperialism, and why it ultimately failed to accomplish Washington's hegemonic goals.VIDEO: https://youtube.com/watch?v=q3q7p_IElpYCheck out other episodes of their show Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0Nd…
 
China’s Foreign Ministry published a lengthy report condemning “US hegemony” and its crimes around the world, including wars with millions of victims, coups and “regime change” against elected leaders, and 400 foreign military interventions.VIDEO: https://youtube.com/watch?v=HTiBksEHGrURead more here: https://geopoliticaleconomy.com/2023/02/22/chin…
 
German Member of Parliament Sevim Dağdelen, of the Left Party, Die Linke, condemns the NATO "proxy war" in Ukraine, saying the EU is acting as US "vassals". In this interview with Ben Norton, she also denounces the destruction of the Nord Stream pipelines as a "terrorist attack" that "should have resulted in a huge outcry".VIDEO: https://youtube.co…
 
The foreign ministers of the US, Germany, and Ukraine told the world at the Munich Security Conference, “Neutrality is not an option” in the West’s proxy war against Russia, implicitly criticizing the vast majority of Global South countries, which are independent.VIDEO: https://youtube.com/watch?v=UXjDazqxAPoSources and more information here: https…
 
US officials acknowledged the Chinese balloon they shot down on February 4 had likely been blown off course by unexpected weather. The US Air Force later spent $2 million using missiles to blow up what appeared to be a $12 hobbyist balloon.VIDEO: https://youtube.com/watch?v=mL9Jz-QruhoSources and more information here: https://geopoliticaleconomy.c…
 
Economist Radhika Desai and Ben Norton discuss the neoliberal myth of "globalization", the contradictions of US hegemony, and the crisis of capitalism.VIDEO: https://youtube.com/watch?v=GRKHCwVzvTsThis is part 1 in a series discussing Radhika's new book "Capitalism, Coronavirus, and War: A Geopolitical Economy".You can download "Capitalism, Coronav…
 
Ecuadorian economist Andrés Arauz, who came close to winning the 2021 presidential elections, explains Latin America's attempt to create a new currency and regional financial architecture, to challenge the "hegemonic, neo-colonial" US dollar-dominated system.(NOTE: Andrés' internet connection was a bit unstable in this interview, so some parts are …
 
Ukraine’s leader Volodymyr Zelensky admitted he refused to implement the 2015 Minsk II peace deal with Russia. Germany and France said Kiev used the agreement to “buy time” to prepare for war. Israel's ex Prime Minister Naftali Bennett revealed the West "blocked" attempt to hold negotiations.VIDEO: https://youtube.com/watch?v=QLJDROnssgASources and…
 
A decade of proxy war and illegal US and EU sanctions have devastated Syria, and blocked some humanitarian aid after a crushing earthquake killed thousands of people. To save face, Washington agreed to a temporary suspension, but UN experts have demanded a permanent end to the “suffocating” sanctions, saying they “may amount to crimes against human…
 
Economists Radhika Desai and Michael Hudson explain the relations between money and debt, their role in imperialism, and the rise of the US dollar system.VIDEO: https://youtube.com/watch?v=Ew21FOlftkUTRANSCRIPT: https://geopoliticaleconomy.com/2023/02/10/money-dollar-system-radhika-desai-michael-hudsonCheck out other episodes of their show Geopolit…
 
Pulitzer Prize-winning journalist Seymour Hersh reported the US government destroyed the Nord Stream pipelines that delivered Russian gas to Germany. The Biden administration approved the CIA operation, which used explosives and Navy divers, with help from NATO member Norway.VIDEO: https://youtube.com/watch?v=bZ5VLdqac-0Read Seymour Hersh's article…
 
UN High Commissioner for Human Rights Volker Türk said sanctions on Venezuela “have exacerbated the economic crisis and hindered human rights”, calling for the unilateral coercive measures to be lifted.VIDEO: https://youtube.com/watch?v=mSjCEKopBzoSources and more information here: https://geopoliticaleconomy.com/2023/02/02/un-human-rights-chief-sa…
 
Historian Aaron Good explains the final years of the Dwight Eisenhower administration, including the start of the CIA's war on Cuba's revolutionary government and the coup against Congo's anti-colonialist leader Patrice Lumumba.This is PART 17 of the Empire and the Deep State series Geopolitical Economy Report editor Ben Norton is co-hosting with A…
 
Greece’s former Finance Minister Yanis Varoufakis explains the US system of “neo-imperialism” based on the dollar, an “IOU issued by the hegemon”, which finances a huge trade deficit by letting foreign capitalists “extract colossal surplus value from their workers and then stash it away in America’s rentier economy”.VIDEO: https://youtube.com/watch…
 
Numerous mainstream media outlets have reported that the US military is preparing for war on China, as soon as 2025. Japan is re-militarizing and collaborating closely in these war plans.VIDEO: https://youtube.com/watch?v=Iy5FALVrULMSources and more information in Danny Haiphong's article here: https://geopoliticaleconomy.com/2023/01/16/us-preparin…
 
Brazil, Argentina, and Colombia have refused to send weapons to Ukraine, despite pressure by the US and EU. Left-wing leaders in Mexico, Cuba, Venezuela, Nicaragua, Bolivia, and Honduras have also urged peace with Russia and opposed the West’s new cold war.VIDEO: https://youtube.com/watch?v=vde5cB8N6FcSources and more information here: https://geop…
 
Historian Aaron Good explains how Western colonial powers meddled in Indonesia to try to control its massive gold reserves. He also discusses the Suez Crisis in Egypt in 1956, and the Dwight Eisenhower administration's response.This is PART 16 of the Empire and the Deep State series Geopolitical Economy Report editor Ben Norton is co-hosting with A…
 
In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it.VIDEO: https://youtube.com/watch?v=ZhZbB0jjDTMTranscript here: https://geopoliticaleconomy.com/2023/01/27/inflation-econom…
 
"We are fighting a war against Russia", Germany's Foreign Minister Annalena Baerbock told the Council of Europe. "We can fight this war only together" she said, calling to send tanks and more weapons to Ukraine.VIDEO: https://youtube.com/watch?v=U0Ae6P0OVFsSources and more information here: https://geopoliticaleconomy.com/2023/01/26/german-foreign-…
 
In a video address to a US corporate lobby group, Ukrainian leader Volodymyr Zelensky thanked companies like Black Rock, JP Morgan, Goldman Sachs, and Starlink, insisting “everyone can become a big business by” investing in Ukraine, where “we are defending freedom and property”.VIDEO: https://youtube.com/watch?v=LYkQO5fOXH8Sources and more informat…
 
The Federal Reserve Bank of St. Louis published a jaw-droppingly misleading graph that portrays China as spending more on its military than the US. In reality, the Pentagon’s budget is roughly three times larger. VIDEO: https://youtube.com/watch?v=tD4P-vWWGLc Sources and more information here: https://geopoliticaleconomy.com/2023/01/23/china-milita…
 
Brazil and Argentina are making plans for a Latin American currency called the Sur, to “boost regional trade and reduce reliance on the US dollar”. Lula had pledged it while running for president.VIDEO: https://youtube.com/watch?v=mudBO1iffOoSources and more information here: https://geopoliticaleconomy.com/2023/01/22/brazil-argentina-latin-america…
 
Historian Aaron Good explains how the CIA organized a coup against Guatemala's democratically elected left-wing President Jacobo Árbenz to stop land reform and help the United Fruit Company (Chiquita today). He also discusses the Dwight Eisenhower administration's policies in Southeast Asia and the Vietnamese national-liberation struggle against Fr…
 
The BRICS bloc (Brazil, Russia, India, China, South Africa) is “developing a fairer system of monetary exchange” to challenge the “dominance of the dollar”. Saudi Arabia is considering selling oil in other currencies. Economist Zoltan Pozsar says the US “unipolar era” is over.VIDEO: https://youtube.com/watch?v=ryKuoB9JEBESources and more informatio…
 
Peru has large reserves of copper, gold, zinc, silver, lead, iron, and natural gas. After a coup overthrew left-wing President Pedro Castillo, the US ambassador, CIA veteran Lisa Kenna, met with mining and energy ministers to discuss “investments”. Europe is importing Peruvian LNG to replace Russian energy.VIDEO: https://youtube.com/watch?v=WNR_CI2…
 
In 2020 and 2021, the wealthiest 1% of the world’s population took nearly two-thirds of all new wealth – six times greater than the wealth made by the poorest 90% of workers. Yet while billionaires get richer, global poverty is increasing, Oxfam warns.VIDEO: https://youtube.com/watch?v=3YL_iAA06nYSources and more information here: https://geopoliti…
 
The US claimed unelected coup leader Juan Guaidó was "interim president" of Venezuela from January 2019 to December 2022, when his former allies in the right-wing opposition removed him from the position. Washington however still refuses to recognize elected President Nicolás Maduro.Geopolitical Economy Report editor-in-chief Ben Norton discusses t…
 
Prominent French intellectual Emmanuel Todd argues the Ukraine proxy war is the start of WWIII, and is “existential” for both Russia and the US “imperial system”, which has restricted the sovereignty of Europe, making Brussels into Washington's “protectorate”.VIDEO: https://youtube.com/watch?v=82WPLWEN_9MSources and more information here: https://g…
 
Introducing Geopolitical Economy Hour: This is the first episode of a show being hosted every two weeks by economists Radhika Desai and Michael Hudson. They present the program and discuss the rise of the multipolar world and decline of US hegemony.VIDEO: https://youtube.com/watch?v=6adqdNCSVhUTRANSCRIPT: https://geopoliticaleconomy.com/2023/01/13/…
 
Former DIA analyst Ana Belén Montes was imprisoned for 20 years for sharing intelligence with Cuba that helped it prevent US attacks and sabotage. Upon being released, she condemned the “suffocating embargo” that makes Cubans “suffer.”VIDEO: https://youtube.com/watch?v=KuE7tVbD7qYSources and more information here: https://geopoliticaleconomy.com/20…
 
China is advancing the global movement toward de-dollarization. Beijing's central bank is boosting its gold reserves while signing currency swap deals in yuan with countries like Argentina, encouraging the use of renminbi instead of US dollars. VIDEO: https://youtube.com/watch?v=bdASCjEeJ0ISources and more information here: https://geopoliticalecon…
 
We are excited to announce the creation of the independent media outlet Geopolitical Economy Report - an evolution and expansion of Multipolarista.Our team will be growing, and we have exciting new projects planned, including a regular show with economists Michael Hudson and Radhika Desai.Editor-in-chief Ben Norton explains the changes (and the con…
 
The USA has rapidly become the world's top exporter of liquefied natural gas (LNG), tied with Qatar. Europe replaced Asia as the top market for US LNG in 2022, after pledging to boycott Russian energy over the proxy war in Ukraine.Europe is now paying significantly more for expensive US LNG than it had been for Russian pipeline gas. As of 2022, Eur…
 
Lula da Silva has returned as Brazil's president. This will cause a major geopolitical shift. Meanwhile, far-right leader Jair Bolsonaro fled to Florida, fearing legal consequences for his corruption.Brazil-based journalist Brian Mier joins to discuss what a third Lula government means for Latin America and the world.VIDEO: https://youtube.com/watc…
 
Ex Prime Minister Imran Khan argued Pakistan should have been non-aligned in the first cold war and in the new one between the US and China/Russia, as well as independent in the Ukraine proxy conflict. He also praised Beijing's historic poverty reduction program.VIDEO: https://youtube.com/watch?v=NjuKZIBvgO4Sources and more information here: https:…
 
Pakistan’s ex Prime Minister Imran Khan compared the US-backed coup against him in April 2022 to the CIA plot that overthrew Iran’s elected PM Mohammad Mossadegh in 1953. He praised Tehran’s sovereignty, criticized Western colonialism, and reaffirmed support for Palestine.VIDEO: https://youtube.com/watch?v=AeRL-POPV94Sources and more information he…
 
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