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Michael Hudson is an economist, financial historian, and distinguished research professor of economics at the University of Missouri–Kansas City. In this episode, Michael and Robinson discuss how financialization has changed the American economy, why working for a living has become harder, and the growing power of billionaires. More particularly, they talk about Trump and political influence, oil wars involving Iran and Russia, their consequences for fuel and food prices, and Hudson’s argument that China is using the industrial model America abandoned. They also discuss private equity, public banking, de-dollarization, AI, ancient debt jubilees, and the difference between creating wealth and collecting economic rent. Michael’s most recent published book is Temples of Enterprise (2024).
Michael’s Website: https://michael-hudson.com/
Temples of Enterprise: https://michael-hudson.com/2024/05/temples-of-enterprise/
OUTLINE
00:00 Highlights
00:39 Inherited Wealth and Earning a Living
07:03 Financialization, Bank Bailouts, and Private Equity
13:05 Industrial Capitalism, Banking, and Colonial Debt
25:39 Public Investment, Technology, and the Managerial Class
33:18 Reagan, Thatcher, and Privatization
46:35 Oil Wars, Fuel Shortages, and Food Prices
54:06 Debt Jubilees and the Rise of Ancient Oligarchies
1:00:42 Empire, Oil, and Economic Dependence
1:06:24 De-Dollarization, BRICS, and Public Money
1:13:08 Economic Rent, Value, and the Cost of Living
1:27:51 Neoliberalism and the Rejection of Classical Economics
1:39:19 Pension Funds and the Financialization of Retirement
1:45:06 China’s Industrialization and Public Banking
1:59:15 China’s Property Bubble and Evergrande
2:11:16 Billionaires and Wealth Concentration
2:15:22 Trump, Political Influence, and Regulatory Capture
2:26:59 AI, Intellectual Property, and Social Costs
2:30:58 Billionaires in China and Russia
2:36:21 Gulf Monarchies, Oil Wealth, and the United States
2:45:45 Democracy, Oligarchy, and US Foreign Policy
2:55:41 Alternatives to the Rentier Economy
3:01:16 Michael’s Outlook for the Next Few Years
Robinson’s Website: https://robinsonerhardt.com/
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Disclaimer: Robinson’s Podcast is a forum for open discussion. Guests’ views are their own and do not necessarily reflect Robinson's. Hosting a guest does not imply that he endorses the views or opinions they express.
Support the Show: https://www.youtube.com/channel/UCsxwneBx6apV1mQ7CbWKfXQ/join
Jessica Tarlov is a political strategist and co-host of The Five on Fox News and Raging Moderates with Scott Galloway. She holds a PhD in political science from the London School of Economics. In this episode, Jessica and Robinson discuss Trump’s political vulnerabilities, the Democrats’ prospects in the 2026 midterms, and how to argue across political divides. More particularly, they talk about immigration and ICE, healthcare costs, the debate over billionaire donors, and Jessica’s view that Trump’s corruption is catching up with him. They also discuss Democratic purity tests, criticism of Trump from the right, Jessica’s career on Fox News, and the cases for James Talarico, Abdul El-Sayed, Jon Ossoff, and Mary Peltola. Jessica’s latest book is I Disagree: Winning Arguments Without Losing Friends (Random House, 2026).
Jessica on Fox News: https://www.foxnews.com/person/t/jessica-tarlov
Raging Moderates: https://podcasts.voxmedia.com/show/raging-moderates
I Disagree: https://www.penguinrandomhouse.com/books/803493/i-disagree-by-jessica-tarlov/
OUTLINE
00:00 Is Immigration Trump’s Greatest Strength?
03:34 Why Admitting You’re Wrong Makes You More Persuasive
06:04 What Do Democrats Stand For?
08:32 How to Disagree Without Losing Friends
10:10 Healthcare, Billionaires, and the Democrats’ Dilemma
12:25 Why Do Billionaires Back Democrats?
17:39 How Jessica Tarlov Found Her Voice on Fox News
26:19 Can Democrats Win Over Conservative Voters?
27:21 Should Voting Be Mandatory?
32:59 Why Talarico Wants to Turn Texas Purple
34:47 How to Win Progressives Without Passing Every Purity Test
39:02 Nick Fuentes, Trump’s Weakness, and the Limits of Debate
42:01 Why Jon Ossoff Is a Democrat to Watch
44:42 Why Jessica Tarlov Is Backing Mary Peltola
47:16 Bobby Pulido, Cait Conley, and the Democrats to Watch
54:42 The Case for El-Sayed and Talarico
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Disclaimer: Robinson’s Podcast is a forum for open discussion. Guests’ views are their own and do not necessarily reflect Robinson's. Hosting a guest does not imply that he endorses the views or opinions they express.
Support the Show: https://www.youtube.com/channel/UCsxwneBx6apV1mQ7CbWKfXQ/join
Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and co-founder of Democracy at Work. Cornel West holds the Dietrich Bonhoeffer Chair at Union Theological Seminary. Norman Finkelstein is a political scientist and author who received his PhD in politics from Princeton University. In this episode, Richard, Cornel, Norman, and Robinson discuss the crisis of the American left and whether it can rebuild its political power. More particularly, they discuss Zohran Mamdani’s compromises, Cornel’s warning that he could become another Barack Obama, and their disagreements over working with Tucker Carlson. They also discuss Donald Trump and American decline, Bernie Sanders and class politics, Cornel’s break with Jill Stein and the Green Party, immigration, Gaza, and where to draw moral lines when building political coalitions. Their recent books include Richard’s Understanding Capitalism (Democracy at Work, 2024), Cornel’s Truth Matters, coauthored with Robert P. George (Post Hill Press, 2025), and Norman’s Gaza’s Gravediggers: An Inquiry into Corruption in High Places (OR Books, 2026).
Richard’s Website: https://www.rdwolff.com/
Understanding Capitalism: https://www.democracyatwork.info/understanding_capitalism
Cornel’s Website: https://www.cornelwest.com/
Truth Matters: https://www.simonandschuster.com/books/Truth-Matters/Robert-P-George/9798888451700
Norman’s Website: https://www.normanfinkelstein.com/
Gaza’s Gravediggers: https://www.orbooks.com/catalog/gazas-gravediggers/
OUTLINE
00:00 Introduction
01:06 What Do Elections Actually Change?
05:47 How Enthusiasm Turned Into Disappointment for Zohran Mamdani
09:36 The Deep Denial in the United States
14:11 Is Another New Deal Still Possible?
17:27 The Repression of American Colonialism
23:49 Is America’s Decline Irreversible?
30:25 Cornel West on Bernie, Mamdani, and Colonialism
42:12 America Fears Socialism—But for How Long?
44:36 Neoliberalism Is a Curse on Socialism
49:06 Jill Stein and Why Cornel West Left the Green Party
52:15 Bernie Sanders and the Holocaust
59:52 Is Tucker Carlson Dangerous for the Left?
1:06:53 Can Immigration Be Fixed?
1:11:04 How Capitalism Destroyed Itself in Germany
1:15:21 Do Blacks Have Legitimate Complaints About Immigrants?
1:19:23 International Relations
1:21:04 Biden, Obama, and Red Lines
1:25:09 What If Our Heroes Were Racist?
1:27:27 Will the Rest of Us Ever Be Prosperous Again?
1:42:29 Who Is Pumping Denial Down America’s Throat?
1:48:55 John Stuart Mill on Truth
1:50:34 Rick’s Biggest Mistake in Life
1:57:00 Cornel’s Biggest Mistake in Life
2:01:49 The Academy Caved to Biden, Trump, and Israel
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Support the Show: https://www.youtube.com/channel/UCsxwneBx6apV1mQ7CbWKfXQ/join
Robert Pape is Professor of Political Science at the University of Chicago and director of the Chicago Project on Security and Threats. In this episode, Robert and Robinson discuss why the Iran war has become an escalation trap for Donald Trump, the United States, and Israel. More particularly, they talk about Pape’s argument that the war has strengthened Iran while weakening America’s regional position, Iran’s leverage over the Strait of Hormuz, and how cheap drones and precision weapons are changing the balance of military power. They also discuss how the 2026 midterms could prolong escalation, the limits of predicting war, how AI could make political assassinations easier, and the risks of weapons operating without human oversight. Robert’s latest book is Our Own Worst Enemies: America in the Age of Violent Populism (The New Press, 2026).
Robert’s Substack (Prof Robert Pape): https://professorrobertpape.substack.com/
Robert’s Substack (Escalation Trap): https://escalationtrap.substack.com/
Robert’s YouTube: https://www.youtube.com/@ProfRobertPape
Our Own Worst Enemies: https://thenewpress.org/books/our-own-worst-enemies/
OUTLINE
00:00 Introduction
00:45 Why the Iran War Is Nowhere Near Over
08:08 How Iran Can Defy a Superpower
15:22 How Cheap Drones Changed the Balance of Power
20:31 Is America Building Weapons for the Wrong War?
29:00 Why War Experts Must Risk Being Wrong
40:25 Has Pape Been Wrong About Iran?
45:33 How Time Shifts the Balance of Power
51:23 Why the 2026 Midterms May Prolong the Iran War
55:16 How a Leader’s Health Can Change a War
1:01:40 How Assassinations and Elections Can Upend the World
1:05:28 Is AI Making Iran’s Attacks More Deadly?
1:07:38 Could AI Make Assassinations Easier?
1:13:36 Could Hezbollah Shut Down Israel’s Ports?
1:18:25 When Weapons Act Without Human Control
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Rick Wilson is a political strategist, author, and co-founder of The Lincoln Project. After decades working in Republican politics, he became a prominent conservative critic of Donald Trump. In this episode, Rick and Robinson discuss the Republican Party Rick believes Trump has destroyed, America’s changing position in the world, and the struggle to defeat Trumpism. More particularly, they talk about the GOP’s competing factions, Trump’s relationships with Benjamin Netanyahu and Vladimir Putin, and American policy toward Iran and Venezuela. They also discuss divisions among Democrats, Bernie Sanders and the progressive left, Abdul El-Sayed and James Talarico, the influence of podcasts and social media, and the prospects for the 2026 and 2028 elections. Rick’s books include Running Against the Devil (Forum Books, 2020).
Rick’s Website: https://www.therickwilson.com/
Running Against the Devil: https://www.penguinrandomhouse.com/books/623822/running-against-the-devil-by-rick-wilson/
OUTLINE
00:00 Introduction
00:47 The Best Reasons for Voting Trump
02:16 The Republican Party Is Broken into Three Pieces
09:16 Why Rick Left the Republican Party
13:58 The United States' Fall from Grace
24:27 How Netanyahu Plays Trump
28:21 Deconstructing Trump's Takeover of Venezuela
31:43 Why Democrats Can’t Get Their Act Together
35:35 Why Progressives Struggle to Win the Presidency
39:46 El-Sayed Has 'The Gift'
42:40 Podcasts and Elections
45:06 Nick Fuentes and the Groypers
51:58 Will Trump Be President Forever?
53:33 Talarico and the Republicans' Loss
56:38 Why Trump Could Cost Republicans 2028
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Anne Applebaum is a Pulitzer Prize-winning historian and staff writer at The Atlantic. Her work focuses on authoritarianism, democracy, and the history of Central and Eastern Europe. In this episode, Anne and Robinson discuss corruption, foreign policy, and the threat of autocracy in Donald Trump’s America. More particularly, they talk about Anne’s assessment of unprecedented corruption, Trump’s relationship with Vladimir Putin, and Jared Kushner and Steve Witkoff’s involvement in diplomacy and business negotiations. They also discuss China’s mass surveillance system, the power of tech companies to suppress political campaigns, retaliation against political opponents, and whether the 2026 elections can slow America’s democratic decline. Anne’s recent book is Autocracy, Inc.: The Dictators Who Want to Run the World (Doubleday, 2024).
Anne’s Website: https://www.anneapplebaum.com/
Autocracy, Inc.: https://www.anneapplebaum.com/book/autocracy/
OUTLINE00:00 Introduction00:40 Trump’s Latest Corruption Is Unprecedented07:56 Trump’s Foreign Policy Has No Strategy10:41 Trump Is Anti-Isolationist13:32 Donald Trump’s Greatest Enemies18:57 Trump’s USA Is Becoming an Autocracy26:17 Trump Is Copying China’s Mass Surveillance31:09 How Tech Billionaires Secretly Control Politicians35:46 Are Assassinations Coming to the USA?39:22 The 2026 Elections Will Limit Donald Trump42:41 Will Trump’s USA Become a New Russia?
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Norman Finkelstein is a political scientist and author who received his PhD in politics from Princeton University. His work focuses on political theory, the Israel-Palestine conflict, and the Holocaust. In this episode, Norman and Robinson discuss Gaza, Israel, and the Middle East three years after October 7. More particularly, they talk about changing public opinion, free speech on American campuses, Norman’s rejection of the claim that Netanyahu knowingly allowed the attacks, Israel’s goals in Gaza and the wider region, and Iran’s confrontation with Israel and the United States. They also discuss Donald Trump’s political appeal, Bernie Sanders, China’s role in the conflict, Hannah Arendt, Norman’s mother’s testimony at a Nazi war-crimes trial, and his friendship with Noam Chomsky. Norman’s recent book is Gaza’s Gravediggers: An Inquiry into Corruption in High Places (OR Books, 2026).
Norman’s Website: https://www.normanfinkelstein.com/
Gaza’s Gravediggers: https://orbooks.com/catalog/gazas-gravediggers/
OUTLINE
00:00:00 Introduction
00:01:02 What We’ve Learned Since October 7, 2023
00:06:00 The Sheer Insanity of Israel’s War on Gaza
00:09:06 Why Young People See Themselves in Gaza
00:12:51 Jewish-Muslim Unity
00:14:02 How Free Speech Crumbled Over Gaza
00:24:05 Why Won’t Anyone Review Norman Finkelstein’s New Book?
00:29:04 Did Netanyahu Allow Hamas to Attack on October 7th?
00:35:31 Why Israel Still Backs Netanyahu
00:41:12 Finkelstein: Israel Is a Lunatic Society
00:53:55 How Did Hamas Get Past Israeli Intelligence?
00:59:06 Israel’s Three Goals After October 7
01:07:53 What Hezbollah Lost With Nasrallah
01:09:32 Think Twice Before You Play with Iran
01:11:10 Can Anyone Control Israel?
01:13:36 Israel Underestimated Iran’s 5,000-Year-Old Civilization
01:30:01 The Two Things Trump Really Cares About
01:40:17 Trump Isn’t Media-Savvy—His Opponents Are Phony
01:54:43 Talking About Trump Is a Waste of Time
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts Amherst and a visiting professor in the Graduate Program in International Affairs at The New School. He is also co-founder of Democracy at Work and host of Economic Update. In this episode, Richard and Robinson discuss Donald Trump, socialism in the United States, and Richard’s disagreements with Victor Davis Hanson. More particularly, they talk about Richard’s case against Trump, his criticisms of Hanson’s understanding of socialism, American power, European colonialism, Russia and NATO, and Israel. They also discuss James Talarico and Abdul El-Sayed, the history of American socialism, the minimum wage, money in politics, Thomas Massie, JD Vance’s relationship with Peter Thiel, and Richard’s experience running for city council. Richard’s books include Understanding Capitalism (Democracy at Work, 2024).
Richard’s Website: rdwolff.com
Democracy at Work: democracyatwork.info
Understanding Capitalism: democracyatwork.info/understanding_capitalism
OUTLINE00:00:00 Introduction00:01:03 Republicans Should Vote (About) Trump!!!00:07:05 America Is Getting Weaker!00:11:53 Trump’s America Is Over00:14:14 Trump’s America Has Forgotten Its History00:19:12 Is There Still a Good Case for Trump?00:26:23 Trump’s Promises He Cannot Keep!00:34:53 Recap: Richard Wolff vs Victor Davis Hanson 202600:41:06 The Red Scare in the Cold War00:44:23 Victor Davis Hanson Doesn’t Understand Socialism!00:48:06 Victor Davis Hanson Equates Socialism and Immigrants01:05:01 Trump and Europe’s Colonialism Is Over!01:08:48 Russia Is a Victim of NATO01:11:24 Israel Has Been Bombed01:15:52 Richard Wolff’s Problem with James Talarico01:25:22 Socialists Ruled the United States01:28:28 The Rich Screwed the Poor on the Minimum Wage01:33:08 Why Don’t Socialists Want Trump’s Free $5,000?01:35:18 Why Money Must Get Out of Politics01:44:41 Does Abdul El-Sayed Have “the Gift”?01:48:27 French Socialism vs American Socialism01:54:43 Why Americans Can’t Get into Socialism02:03:16 Richard Wolff Is Struck by Thomas Massie02:04:50 When Richard Wolff Ran for City Council02:09:20 JD Vance Is Funded by Peter Thiel!02:16:53 What Is Democracy at Work?
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
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, economic history, and the role of debt in shaping economies and societies. In this episode, Michael and Robinson discuss the war in Iran and Michael’s prediction that it will cause a global depression. More particularly, they talk about oil and the Strait of Hormuz, which countries Michael thinks will suffer most, his skepticism about the changes the 2026 elections can deliver, and his criticisms of how economists describe the American economy. They also discuss AI and the future of employment, Donald Trump’s foreign policy, China’s role in the international economic order, instability in Europe, and the future of the United States. Michael’s recent book is Temples of Enterprise (ISLET, 2024).
Michael’s Website: https://michael-hudson.com
Temples of Enterprise: https://a.co/d/a3c53dm
OUTLINE00:00 Introduction00:23 Iran War Will Cause a Global Depression10:57 The 2026 Elections Mean Nothing19:45 2026 Voters Can Do Nothing About AI, Israel, or Iran30:51 Economists Are Lying About the State of the Economy38:02 Different Economic Metrics42:25 AI and an Employment Collapse48:35 Trump Is Choking the World's Oil59:32 The Strait of Hormuz1:04:16 The Iran War Will Destroy These Countries First1:12:27 Trump Wants the World to Pay Tribute1:17:43 Is China the Hero?1:28:16 Destabilization in Europe1:37:32 Anti-Protest Drone1:40:20 What Does Chinese Dominance Look Like?1:46:15 Where Does History Go from Here?1:55:39 Where Does the United States Go from Here?
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
Platypus Economics on YouTube: https://www.youtube.com/@PlatypusEconomics
Justin Wolfers is Professor of Public Policy and Economics at the University of Michigan, where his research spans macroeconomics, labor economics, political economy, and behavioral economics. He is also affiliated with the Brookings Institution, Peterson Institute for International Economics, and National Bureau of Economic Research, and in 2026 launched Platypus Economics, a new media platform devoted to making economics accessible to a broad audience. In this episode, Robinson and Justin discuss the intersection of economics, technology, and American politics. More particularly, they talk about Elon Musk and the influence of extreme wealth on elections, how artificial intelligence could transform the labor market, whether current economic data accurately reflects Americans’ experiences, and political bias in economics. They also discuss inflation, Justin’s criticisms of the Trump administration’s economic policies, proposed $5,000 checks, and how economic considerations shape political choices.
Platypus Economics: https://platypuseconomics.com
Justin’s University of Michigan Profile: https://fordschool.umich.edu/faculty/justin-wolfers
Justin’s X: https://x.com/JustinWolfers
Justin’s Bluesky: https://bsky.app/profile/justinwolfers.bsky.social
Platypus Economics Newsletter: https://newsletter.platypuseconomics.com
00:00 Introduction
00:25 Elon Musk Can Buy ANY Election He Wants
07:21 AI Could DESTROY Jobs If We Don’t Do This
14:28 Is Current Econ Data Misleading?
19:36 Political Bias in Economics
28:35 Corruption in the Trump Admin
36:33 Understanding Inflation and Cheap Candy
44:58 Is Trump Personally Responsible for Inflation?
51:40 Trump’s 5k Checks Are IDIOTIC LIES
56:50 How to Vote If Trump Were on Ballot
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.
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