https://tankie.tube/videos/watch/6a7bda7f-03fe-4530-a18f-f611139ca93b Economist Michael Hudson describes how the Western powers designed the international financial, legal, and political system in a way that benefits North American corporations at the expense of the countries of the Global South. He also proposes ways for the Global Majority to resist US neocolonialism, in this interview with host Ben Norton. Transcript: https://geopoliticaleconomy.com/2025/08/06/world-us-financial-colonialism-economist-michael-hudson/ Read Michael's article "How the Global Majority can free itself from US financial colonialism": https://geopoliticaleconomy.com/2025/07/17/michael-hudson-global-majority-us-financial-colonialism/ Michael's website: https://michael-hudson.com/ Topics 0:00 The global order is changing 3:10 Introduction to Michael Hudson 4:38 Highlight 6:24 Interview starts 6:45 History of financial colonialism 13:06 Core-periphery divide 15:17 Trump's tariff war 16:34 Neoliberalism 18:18 Debt 21:59 Neocolonialism 27:34 Socialism 29:13 US empire destroys global system it created 35:06 Need for new international orgs 40:20 BRICS 41:42 Global South debt default 42:57 Hudson: BRICS needs new economic philosophy 44:13 Odious debt 48:05 Fight against rentier capitalists 49:48 Discussion will continue in part 2 51:09 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Subscribe to our newsletter: https://GeopoliticalEconomy.Report Join us at Patreon: https://Patreon.com/GeopoliticalEconomy Thu, 09 Apr 2026 03:58:33 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/6a7bda7f-03fe-4530-a18f-f611139ca93b All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.