On 24th of July, Michael Hudson and Steve Keen explore the deepening crisis—oil shocks, ongoing wars, gold’s emergence as a de-facto reserve currency —and discuss possible scenarios for how it might unfold.

Question to Prof Steve Keen: How militarized Keynesianism based on control over oil and global logistics will change our social order

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.

Steve Keen is an economist who predicted the 2008 crisis, author of Debunking Economics, Can We Avoid Another Financial Crisis?, and The New Economics, which calls for rethinking economics through an ecological and financial lens. A former professor and now Distinguished Research Fellow at UCL’s Institute for Strategy, Resilience and Security, he’s a prominent voice in public debates, podcasts, and media on debt, inequality, climate change, and the future of capitalism.