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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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In Cold War Two, the USA is pressuring countries to cut ties with China and recognize Taiwan separatists. Donald Trump blatantly meddled in Honduras' 2025 election and backed a political coup to put in power right-wing oligarch Nasry "Tito" Asfura, who strongly supports Taiwan and Israel. Ben Norton discusses US imperialism in Latin America.VIDEO: …
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The US government is seizing oil tankers and stealing Venezuela's crude. Donald Trump boasted that the USA will "keep" the oil and the ships. This is piracy. Ben Norton explains how Washington is blatantly violating international law in its imperialist war on Venezuela.VIDEO: https://www.youtube.com/watch?v=F_pxZ-Rl6DMTopics0:00 USA is stealing Ven…
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Donald Trump imposed a naval blockade on Venezuela and admitted that he wants to take the country's oil and give it to US corporations: "They took our oil rights. We had a lot of oil there. They threw our companies out, and we want it back". Ben Norton explains how Washington's colonial war seeks regime change.VIDEO: https://www.youtube.com/watch?v…
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The winner of Chile's presidential election, José Antonio Kast, is the son of a German Nazi official. He is a US-backed far-right extremist who loves Donald Trump, Israel, and fascist former dictator August Pinochet. He is also very anti-China, and will assist in Washington's attempt to impose its imperialist Monroe Doctrine. Ben Norton explains.VI…
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How does China's economic model work? Political economist Ben Norton explains the ideas behind Socialism with Chinese Characteristics, discussing China's socialist market economy, historical development, reform process, poverty reduction, industrial policy, and more.VIDEO with charts here: https://www.youtube.com/watch?v=6E89qUXTX-kTopics0:00 Intro…
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The Donald Trump administration revealed the US empire's new plan for global dominance in the 2025 National Security Strategy. The goal is to impose hegemony in the Western Hemisphere, reviving the colonial Monroe Doctrine, to move supply chains out of Asia and bring manufacturing into Latin America via "nearshoring", in order to economically decou…
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Donald Trump pardoned and freed from prison one of the world's worst drug dealers, the former dictator of Honduras, Juan Orlando Hernández (JOH), who was convicted of trafficking 400 tons of cocaine and machine guns into the US. Ben Norton explains how the United States has meddled in Honduran elections, backed fraud, and supported a military coup.…
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The most overvalued stock on Earth may be that of Palantir, the corporate Big Brother that is getting huge contracts from the Trump administration and helps the US government wage war and carry out mass surveillance. Executives have been selling billions of dollars worth of shares, yet CEO Alex Karp attacks short-sellers like "Big Short" investor M…
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The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=JA…
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Donald Trump vowed to "take over" and "own" Gaza. The US government plans to divide the Palestinian territory into a "green zone" run by Western allies, while trapping Gazans in a "red zone", which won't be rebuilt. The USA hopes investors will make hundreds of billions of dollars. Ben Norton reports on the colonial scheme.VIDEO: https://www.youtub…
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Donald Trump admitted he wants to “take over” Venezuela and its oil. Marco Rubio is overseeing the war plans, aiming to overthrow President Nicolás Maduro and install US puppet María Corina Machado, who vowed to privatize Venezuela's natural resources and sell off $1.7 trillion of her country's assets to North American corporations. Ben Norton expl…
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Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of the enormous AI bubble is becoming clear to everyone, and Silicon Valley Big Tech executives want to be guaranteed a bailout. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=4odSW2l…
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The US government is politically isolated on the world stage. This can be seen in the UN General Assembly votes demanding an end to the USA's embargo of Cuba. Almost all of the world opposes the illegal economic blockade. Ben Norton explains how the CIA has waged a terrorist war on Cuba, Venezuela, and other parts of Latin America for decades.VIDEO…
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Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new tech…
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Donald Trump imposed sanctions on Russia's top oil companies, but the US still can't stop the war in Ukraine. NATO's goals cannot be met, as the world is increasingly multipolar and Western power is declining. Geopolitical economist Radhika Desai analyzes the conflict with journalist Anatol Lieven and China-based economic geographer Mick Dunford.VI…
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The Donald Trump administration seeks to forcibly impose the US empire's hegemony in Latin America, waging war on Venezuela, imposing sanctions on Colombia's President Gustavo Petro, hitting Brazil with tariffs, and meddling in Argentina's election. Ben Norton explains how Trump and Marco Rubio are trying to cut off all western hemisphere ties with…
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The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=rXCVrLPTUHQTopics0:00 …
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The United States is waging a war on Venezuela. Donald Trump authorized the CIA to carry out "lethal operations" to try to overthrow President Nicolás Maduro. Meanwhile, the US military has killed innocent people in boats in the Caribbean, including citizens of Colombia and Trinidad and Tobago. Ben Norton reports.VIDEO: https://www.youtube.com/watc…
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2025 Nobel Peace Prize winner María Corina Machado, a US government-funded far-right coup leader, vowed to privatize Venezuela's oil and give it to US corporations. "We are going to privatize all our industry", she told Donald Trump Jr. "American companies ... are going to make a lot of money", she promised. Ben Norton exposes the neocolonial US wa…
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The Nobel Peace Prize was awarded to María Corina Machado, a far-right Venezuelan coup-plotter who has long been funded by the US government. She strongly supports Israel as it commits genocide against the Palestinian people, and she is at the center of Donald Trump's war on Venezuela, pushing for regime change against President Nicolás Maduro. Ben…
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Leaders from dozens of countries condemned the USA and Israel in their speeches at the UN General Assembly, demanding international intervention to save Gaza. Diplomats staged a mass walkout to protest Netanyahu's speech. Ben Norton shows how Latin American governments are standing in solidarity with Palestine, and resisting US imperialism.VIDEO: h…
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US Secretary of War Pete Hegseth gathered top generals and encouraged the military to commit war crimes and ignore international law. Donald Trump ordered the Department of War to use US cities as "training grounds" to fight the "enemy within". Ben Norton reports on the increasingly authoritarian US empire.VIDEO: https://www.youtube.com/watch?v=kPK…
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The US and China are the world's two most powerful countries, but they have very different visions for the global order. Compare the speeches delivered at the UN General Assembly by Donald Trump and Chinese Premier Li Qiang. The United States wants a unipolar system based on unilateralism, aggression, and hegemony, whereas China wants a multipolar …
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Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a crisis that is devastating its manufacturing sector. Political econom…
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The US government has, six times now, unilaterally vetoed resolutions in the UN Security Council that called for peace and a ceasefire in Gaza. Meanwhile, a United Nations commission stated conclusively that Israel is committing genocide against the Palestinian people, with the full support of the United States, under both Donald Trump and Joe Bide…
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Why has Donald Trump consistently attacked the Federal Reserve and its chair Jerome Powell? And was the US central bank ever truly "independent"? Geopolitical economist Radhika Desai discusses with economist Michael Hudson.VIDEO: https://www.youtube.com/watch?v=6Fcwg6eFGu4This is part of the program Geopolitical Economy Hour. You can watch other ep…
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Donald Trump is imposing tariffs and unequal treaties on longtime allies in Europe, Japan, and South Korea, forcing them to pay and move their factories to the US. Meanwhile, BRICS and the Shanghai Cooperation Organization (SCO) are building a new multipolar world order based on mutually beneficial trade and investment. Ben Norton is joined by econ…
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The US government has waged economic war on Venezuela for years. The Donald Trump administration is escalating this with threats of military intervention. Ben Norton discusses the history of sanctions and US-backed coup attempts against President Nicolás Maduro, explaining why Washington wants to topple this ally of China, Russia, and Iran, so US o…
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US President Donald Trump claimed he would "un-unite" Russia and China, but the divide-and-conquer strategy failed. Instead, Moscow and Beijing are closer than ever, and they are at the heart of a Global South-led movement to build a new multipolar world order, challenging Western hegemony and imperialism. Ben Norton explains.VIDEO: https://www.you…
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The US government has long tried to divide China, India, and Russia, but Washington's aggressive actions have only brought them together. Donald Trump's tariffs, in particular, angered Indian PM Modi, who visited the Chinese city Tianjin for the 2025 Shanghai Cooperation Organization (SCO) summit, where the Eurasian countries deepened their relatio…
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The US government has a long history of supporting corrupt, drug-dealing, right-wing oligarchs in Latin America. The Donald Trump administration is threatening to attack Venezuela, accusing leftist President Nicolás Maduro, without any evidence, of leading a cartel, while Marco Rubio defends Colombia's drug-trafficking former leader Álvaro Uribe. B…
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The dominance of the US dollar as the global reserve currency has been gradually declining for years, but Donald Trump's policies could rapidly accelerate de-dollarization and the transition to a more multipolar international financial order, warn even mainstream American economists like Barry Eichengreen and Kenneth Rogoff. Political economist Ben…
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How do China's government, political system, and socialist market economy actually work? How does China see democracy, the USA, and Donald Trump's trade war? Renowned Chinese scholar Zhang Weiwei explains the China model in this interview with Ben Norton.VIDEO with subtitles here: https://www.youtube.com/watch?v=rkVyYvWezI0Topics0:00 Highlights1:30…
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One of the main goals of the US political and economic system is to protect corporate monopolies. Silicon Valley Big Tech corporations fear Chinese competitors, so the US government is trying to ban them. Political economist Ben Norton explains how imperialism works, and what drives Washington's Cold War Two against China.VIDEO: https://www.youtube…
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The US government has tried for years to recruit India for its new cold war on China, but Donald Trump's aggressive tariffs have backfired, encouraging New Delhi to improve its relations with Beijing, strengthening unity in BRICS. Political economist Ben Norton explains the complex history of the foreign relations of the US, India, China, and Russi…
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Private equity funds and other Wall Street investors are buying up homes across the US and the West, driving up rent and the cost of living. Economist Michael Hudson explains how these corporate landlords are a result of the system of financialized capitalism, dominated by an unproductive rentier class. He is interviewed by host Ben Norton.VIDEO: h…
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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.VIDEO: h…
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The White House imposed 50% tariffs on Brazil and declared it a threat to US "national security". Donald Trump is blatantly meddling in internal Brazilian affairs, trying to undermine left-wing President Lula da Silva and help far-right former leader Jair Bolsonaro. The USA's attacks also aim to divide BRICS and discourage more countries from joini…
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The one-sided trade agreement that Donald Trump imposed on the EU illustrates how the US empire exploits its "allies" in Europe as vassals to benefit the American oil/gas industry, Big Tech corporations, and the military-industrial complex. This did not start with Trump, but he has accelerated the vassalization of the European Union. Political econ…
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As US president, Donald Trump's policies have served the interests of wealthy elites, while hurting average working people and splitting his own MAGA base. Geopolitical economist Radhika Desai discusses with economist Michael Hudson.VIDEO: https://www.youtube.com/watch?v=0cUksS_aN_8This is part of the program Geopolitical Economy Hour. You can watc…
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China and Russia help formerly colonized countries in the Global South defend their sovereignty amid constant US meddling and aggression, argues Daniel Ortega, President of Nicaragua, a Latin American country that has been invaded and militarily occupied by the USA multiple times. Ben Norton reports on the history of the Sandinista Revolution, and …
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Western governments claim to be models of democracy, and demonize their geopolitical adversaries as "authoritarian", but empirical evidence shows that the USA and European countries are oligarchies dominated by economic elites and large corporations. Billionaire Donald Trump is the perfect symbol of this, but he's by no means the only one. Ben Nort…
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The New York Times finally admitted Israel is carrying out a genocide against the Palestinian people in Gaza, in an article by an Israeli scholar who studies the Holocaust. A United Nations report detailed how US corporations are profiting from these crimes, although the Trump administration responded by imposing sanctions on the UN expert who expo…
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Close Donald Trump allies like Steve Bannon say "the president is pissed every time he looks at the BRICS de-dollarization effort". The US government fears the Global South's challenge to the exorbitant privilege of the dollar. Trump is trying to make an example out of Brazil, threatening high tariffs to punish Lula da Silva, who promotes a multipo…
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US President Donald Trump has threatened heavy tariffs on BRICS, claiming the organization is "dead", but it is actually growing in size and influence. 10 members and 10 partners participated in the 2025 BRICS summit in Brazil, where they discussed plans for dedollarization, trade and investment in national currencies, and how to create a more mult…
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BRICS has expanded to 20 countries - 10 members and 10 partners - after adding Vietnam. BRICS+ now makes up 43.93% of world GDP (PPP) and 55.61% of the global population. Ben Norton explains how the US failed to divide China and Vietnam in the Second Cold War.VIDEO: https://www.youtube.com/watch?v=pZUeShGMarISources, links, and downloadable charts …
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Iran has used its status as a leading oil and gas producer to promote dedollarization, rejecting the US dollar and trading with China, Russia, India, and other BRICS members in their national currencies. Ben Norton explains the Western economic war on Iran, and Tehran's response.VIDEO: https://www.youtube.com/watch?v=_ziGNmvOh6kUS pressures Saudi A…
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War on Iran is part of the US empire's larger attempt to re-impose its unipolar dominance on the global political and financial system, argues economist Michael Hudson. Washington wants to preserve dollar hegemony and the petrodollar, while disrupting BRICS and Eurasian integration with China and Russia. He is interviewed by host Ben Norton.VIDEO: …
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The US military will "very likely" fight a three-way war with Iran, Russia, and China, predicted Palantir CEO Alex Karp in 2024. American imperial strategist Zbigniew Brzezinski warned back in the 1990s of this Eurasian "anti-hegemonic coalition" that could challenge US global dominance. Ben Norton explains.VIDEO: https://www.youtube.com/watch?v=Dc…
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To justify war on Iran, the Donald Trump administration is repeating the same disinformation used by George W. Bush to justify the illegal invasion of Iraq in 2003, based on false claims it had "weapons of mass destruction" (WMDs). US Director of National Intelligence Tulsi Gabbard went from condemning Trump as a warmonger and liar in 2020 to helpi…
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