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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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The US military is preparing for war on China, and has missile systems in the Philippines aimed at major Chinese cities. Defense Secretary Pete Hegseth says the USA is making "Japan into a war-fighting headquarters". Ben Norton discusses the extremely aggressive policies of Trump, Biden, and beyond.VIDEO: https://www.youtube.com/watch?v=E4f43dPOWgo…
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Will US President Donald Trump be the tipping point for the dollar system? Even Western financial outlets now warn of the beginning of the end of dollar dominance. To discuss, host Radhika Desai is joined by economist Michael Hudson and economic geographer Mick Dunford.VIDEO: https://www.youtube.com/watch?v=bGZXDzmL10kThis is part of the program Ge…
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Donald Trump's tariffs are benefiting rich elites at the expense of the majority of the population, argues economist Michael Hudson. He explains how the US trade war on China is isolating the United States and encouraging countries to seek alternatives. Ben Norton hosts the interview.VIDEO: https://www.youtube.com/watch?v=jGsLDQQuzU0Read Michael Hu…
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After Donald Trump imposed 145% tariffs on China, he was forced to issue exemptions for Chinese made cellphones, computers, semiconductors, and other electronics, because the deindustrialized US can't make them. Trump's huge trade war immediately failed, demonstrating that China is much stronger economically than the USA thinks. Ben Norton explains…
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Donald Trump's trade war went nuclear, hitting China with 145% tariffs, aimed at economic decoupling. This is already backfiring on the US economy, which is heavily reliant on Chinese imports. The volatility also fueled a crisis in the bond market, with Treasury yields rising. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=u9k7132IyeoTr…
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US President Donald Trump wants to use tariffs as part of a plan to save the dominance of the dollar as the global reserve currency. His top economic advisor Stephen Miran outlined the Trump administration's strategy to force other countries to pay the USA to maintain its imperial financial and military order. Ben Norton explains the idea behind th…
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Donald Trump's tariffs are part of a class war against many of his own supporters. The US president plans to slash income taxes on the rich and corporations and use tariffs to shift the burden of taxation onto the poor and working class. Radhika Desai is joined by economist Michael Hudson to discuss.VIDEO: https://www.youtube.com/watch?v=ms_7EkiJbG…
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In what he called "Liberation Day", Donald Trump imposed heavy tariffs on countries around the world, falsely claiming they were "reciprocal". In reality, the taxes on imports were based on the US trade deficit with other nations. Ben Norton explains how the Trump administration's economic policies are contradictory and will backfire hard on the US…
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US Treasury Secretary Scott Bessent, a billionaire hedge fund manager who worked for George Soros, insists, “Access to cheap goods is not the essence of the American dream”. The Donald Trump administration knows its tariffs will result in higher inflation. Products will become more expensive as the US tries to economically decouple from China. Ben …
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How is the US impacting Canada's elections, as Donald Trump imposes tariffs and even threatens to annex the country? Who is the banker turned Canadian Prime Minister Mark Carney? To discuss, political economist Radhika Desai is joined by Dimitri Lascaris, host of the independent media outlet Reason2Resist.VIDEO: https://www.youtube.com/watch?v=fZwe…
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Donald Trump is portrayed as a "populist" committed to average working-class people, but his policies benefit wealthy elites at the expense of everyone else. His administration includes 13 billionaires -- including Elon Musk, the world's richest oligarch -- and he is cutting taxes on the rich and corporations while imposing a consumption tax on the…
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US Vice President JD Vance gave a speech about globalization that inadvertently revealed the truth about the US empire, the goal behind the new cold war on China, the economics of imperialism, and how the Trump administration is serving billionaire Big Tech oligarchs in Silicon Valley at the expense of the working class. Ben Norton explains.VIDEO: …
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Donald Trump has threatened to colonize Greenland and make it a US territory, even though 85% of people there oppose this. Ben Norton explains the geopolitical and economic reasons: the USA wants to block China from the Arctic region and to profit from the territory's natural resources, especially critical minerals.VIDEO: https://www.youtube.com/wa…
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The United States is the biggest arms dealer on Earth, responsible for 43% of the world’s weapons exports from 2020 to 2024. The US transferred seven times more than China, and five times more than Russia. Ben Norton explains how the military-industrial complex profits from war.VIDEO: https://www.youtube.com/watch?v=PVFvEmhey_kSources and links her…
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Can the Donald Trump administration really end the Ukraine war? What is Russia's view? Why did the US fuel the conflict in the first place? These issues are discussed by political economist Radhika Desai, Russia expert Richard Sakwa, and China-based economic geographer Mick Dunford.VIDEO: https://www.youtube.com/watch?v=iR3_KKf6kUYThis is part of t…
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Donald Trump’s Defense Secretary Pete Hegseth is a self-declared “crusader” who believes the USA is in a “holy war” against China, the left, and Islam. “Communist China will fall”, he vowed in his 2020 book “American Crusade”, promising, “Israel and America will form an even tighter bond, fighting the scourge of Islamism and international leftism t…
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BlackRock, the world's largest asset manager, is buying the ports on both sides of the Panama Canal, after Donald Trump threatened the Latin American country and forced it to pressure a Hong Kong company to sell its stake. Ben Norton discusses how the US government is trying to weaken China -- and strengthen Wall Street oligarchs.VIDEO: https://www…
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Donald Trump's fight with Ukrainian leader Volodymyr Zelensky in the White House reflected how the US treats Ukraine as a colony. Trump is demanding control of the country's rare earths and critical minerals, to weaken China, re-industrialize, and make new technologies. Trump wants to be paid $350 billion, roughly twice Ukraine's GDP. Ben Norton di…
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The US government's talks with Russia are more about China than Ukraine. Donald Trump admitted he wants to "un-unite" Russia and China, in a reverse of the divide-and-conquer strategy used by Nixon and Kissinger in the 1970s. Can Trump do it? Ben Norton explains why the United States sees China as the main threat to its global imperial dominance.VI…
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Argentina's President Javier Milei, a self-declared libertarian and "anarcho-capitalist", is promoting crypto scams and overseeing rapid deindustrialization. Manufacturing and construction are collapsing, while the financial sector, mining, and agriculture grow. Donald Trump and Elon Musk praise Milei, as the majority of Argentines live in poverty.…
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It's now widely acknowledged we are in a multipolar world, but the definition of "multipolarity" is not clear. Donald Trump and Marco Rubio think it means a return to great power competition with imperial spheres of influence, whereas China and much of the Global South say "equality among all countries regardless of size". Ben Norton explains the g…
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Why has the price of gold been increasing so fast, breaking records? Economist Michael Hudson explains the politics of the precious metal, and the dynamics of the US dollar system. He is interviewed by Ben Norton.VIDEO: https://www.youtube.com/watch?v=9Bvr2SZm-NMTranscript: https://geopoliticaleconomy.com/2025/02/13/politics-gold-price-economist-mi…
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Donald Trump's tariffs will likely backfire and hurt the United States, accelerating the decline of US dominance. To discuss, host Radhika Desai is joined by economist Michael Hudson and China-based scholar Mick Dunford. VIDEO: https://www.youtube.com/watch?v=5wpJZh-gDA8This is part of the program Geopolitical Economy Hour. You can watch other epis…
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Donald Trump plans to ethnically cleanse Palestinians, saying, "The US will take over the Gaza Strip... We'll own it". His son-in-law Jared Kushner has invested in Israeli companies that profit from expanding illegal settlements. Trump and Kushner floated building luxury real estate in Gaza. Ben Norton reports.VIDEO: https://www.youtube.com/watch?v…
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Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can't earn the dollars needed to pay their foreign debts. Ben Norton hosts the interview.VIDEO: https://www.youtube.com/watch?v=FFyWatftnIMTranscript: https:…
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Big Tech oligarchs in Silicon Valley fear competition from Chinese AI companies like DeepSeek, so they're working with the US government to cut off competitors. Billionaire Donald Trump backer Peter Thiel admits they want monopolies, arguing "competition is for losers". Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=4jniPAD2uooTopics0:0…
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The Chinese company DeepSeek shocked the West with a groundbreaking open-source artificial intelligence model that beats huge Silicon Valley Big Tech monopolies. The US government is already trying to ban it, using "national security" as an excuse. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=6hRmK84_K7QTopics0:00 China's Sputnik mom…
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Donald Trump threatened Colombia with sanctions and tariffs after it rejected his abuse of immigrants. Colombian President Gustavo Petro hit back against the US attacks, declaring, "We are not a colony!" Ben Norton analyzes Latin America's resistance to meddling by Trump and his neoconservative Secretary of State Marco Rubio.VIDEO: https://www.yout…
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Canada's Prime Minister Justin Trudeau announced that he is resigning. Meanwhile, US President Donald Trump is talking about annexing Canada and making it the 51st state. To discuss the disaster, political economist Radhika Desai is joined by Dimitri Lascaris, host of the independent media outlet Reason2Resist.VIDEO: https://www.youtube.com/watch?v…
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At his inauguration, US President Donald Trump promised to "expand our territory", invoked the colonialist "Manifest Destiny", and vowed to forcibly take over the Panama Canal (falsely claiming China runs it). He later threatened BRICS with 100% tariffs. Trump has hinted at use of military force to colonize Greenland as well. Ben Norton reports on …
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BRICS added as a new partner Nigeria, Africa's most populous country, with the 6th-biggest population on Earth. BRICS+ now has 10 members and 9 partners, which make up 54.6% of the world population and 42.2% of global GDP (PPP). Ben Norton explains the importance of this expansion.VIDEO: https://www.youtube.com/watch?v=ZNNrMP_1E9gSources and more i…
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India has the world's largest population, but can it be the next global economic superpower? Or will extreme poverty, inequality, unemployment, and lack of industrialization and manufacturing capacities hold it back? Why is the Western media so eager to portray India as a pro-Western alternative to China? Ben Norton is joined by economic historian …
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What will Donald Trump's second term as US president mean for the NATO-Russia proxy war in Ukraine and Israel's war on Gaza? How will his tariffs affect the economy? To discuss, political economist Radhika Desai is joined by Anatol Lieven, director of the Eurasia Program at the Quincy Institute for Responsible Statecraft.VIDEO: https://www.youtube.…
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BRICS keeps expanding. As a new full member, it added Indonesia, the 4th most populous country with the 7th largest economy on Earth. BRICS now has 10 members and 8 partners. Together they make up 41.4% of global GDP (PPP) and roughly half the world population. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=tIDWOWHW-cUSources and links …
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The US stock market is in "the mother of all bubbles", with the market capitalization of publicly traded companies at 206% of GDP. This is higher than the dot-com bubble of 2000, and even the peak of the crash of 1929. Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of t…
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The United States spent decades trying to overthrow the Syrian government, before succeeding in 2024. A declassified CIA document from 1986 outlined US plans for regime change. The blueprint was almost exactly what happened in the proxy war that started in 2011. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=mKXxKCm1psUHow the US milita…
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While Donald Trump's supporters falsely claim he is an "isolationist", he is threatening to colonize the Panama Canal, annex Canada, and seize Greenland (and its rare earth elements). The Trump team also plans to invade Mexico, bomb Iran, and wage proxy war on China. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=MG_UzMTh82wTopics0:00 T…
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The Global South-led organization BRICS continues to expand, adding 9 partner countries in January 2025, after admitting 4 new members in 2024. The group now makes up roughly half of the global population and more than 41% of world GDP (PPP). It's an economic powerhouse, with top producers of key commodities like oil, gas, grains, meat, minerals, a…
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Syrian rebel commanders have admitted that the US military helped them overthrow the government of Bashar al-Assad. NATO member Turkey and Israel played a key role as well. Ben Norton reviews the evidence.VIDEO: https://www.youtube.com/watch?v=qicLi6kqt7MTopics0:00 Intro0:41 US troops occupy Syria's oil & wheat fields2:56 US military oversaw Syrian…
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Did Israel and the United States win the Syria war? What about NATO member Turkey? Were Iran and the Axis of Resistance defeated? Political economist Radhika Desai discusses with Mohammad Marandi, a professor at the University of Tehran.VIDEO: https://www.youtube.com/watch?v=Za2HfCFbHt8This is part of the show Geopolitical Economy Hour. You can wat…
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After helping to overthrow leader Bashar al-Assad, Israel destroyed Syria's military capabilities and is seizing territory, annexing the Golan Heights and occupying more land. The Al-Qaeda-linked Salafi-jihadist rebels who now rule Syria, led by Hayat Tahrir al-Sham (HTS), have allowed Israel to do this. HTS leader (and former Al-Qaeda chief) Abu M…
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South Korea's US-backed President Yoon Suk Yeol launched a coup attempt, but failed. He tried to provoke war with North Korea by attacking with drones, hoping to justify imposing martial law, but the DPRK showed restraint. Ben Norton analyzes the geopolitics of the crisis, addressing NATO, China, Japan, and more.VIDEO: https://www.youtube.com/watch…
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The Syrian government was overthrown, and Salafi-jihadist rebels led by a rebranded version of Al-Qaeda called Hay'at Tahrir al-Sham (HTS) took power in Damascus. US President Biden and Israeli Prime Minister Netanyahu boasted of helping topple Bashar al-Assad. NATO member Turkey played a key role as well. Ben Norton explains how the West dealt a m…
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While the United States provokes conflicts across the world, China has promoted economic development, lifting hundreds of millions of people out of poverty, building infrastructure, and encouraging win-win cooperation. Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss the significance …
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The United States spent billions over years arming and training militants in Syria, many linked to Al-Qaeda and ISIS. The extremist "rebels" who took over Aleppo (and rule Idlib) said they "love Israel". Ben Norton documents the Western dirty war on Syria, and how Washington is trying to divide and conquer the anti-colonial Axis of Resistance in We…
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As the NATO-Russia proxy war in Ukraine escalates, the US Army is funding research on "the impacts of nuclear weapons on farm systems" in Eastern Europe. Numerous scientific studies warn that this would cause a nuclear winter that would starve billions and kill off the majority of the human population. Ben Norton discusses the extreme dangers.VIDEO…
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To defend their colonialism in Gaza, the United States and Israel have attacked every single legal institution upholding international law, including the UN, the International Court of Justice (ICJ), the International Criminal Court (ICC), and more. Ben Norton explains how the imperial war on Palestine is a neocolonial assault on multilateralism an…
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The Western alliance is divided over Israel, after the International Criminal Court (ICC) issued an arrest warrant for Prime Minister Benjamin Netanyahu, charging him with crimes against humanity in Gaza. The United States is threatening sanctions. Ben Norton discusses the severe political crisis in the "rules-based order".VIDEO: https://www.youtub…
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US politicians and media outlets complain about China's growing global influence, but offer no alternatives to help countries develop. China has the world's largest economy, produces inexpensive manufactured goods everyone wants, invests trillions in infrastructure, and doesn't interfere in internal affairs of foreign nations. Ben Norton compares w…
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To run the US military in his second term, Donald Trump has nominated as Defense Secretary Pete Hegseth, a neoconservative self-declared "crusader" who is eager for a Western civilizational war on China and Iran. Ben Norton reviews the extremely hawkish history of the Fox News host turned likely Pentagon chief.VIDEO: https://www.youtube.com/watch?v…
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