Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance

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And ironically, after Hillary’s sort of instrumentalized coup in Honduras, her husband–or right before Hillary entered the State Department, her husband had apologized for destroying Haiti’s indigenous food economy, basically its ability to produce rice, so that they would import rice from his home state of Arkansas.

3rd Edition: Super-Imperialism | Michael Hudson

Summary : With intensifying concerns regarding the soundness and stability of the international monetary and financial system, calls for reforming it have been on the rise. One recent call was made by the Bank of England Governor Mark Carney, in August 2019, in which he suggested a synthetic hegemonic currency to replace the US dollar as the key reserve currency. Whether such calls will lead to an end of the key reserve currency status of the dollar remains to be seen. So the result of the United States trying to hurt Russia and make it a dependent has actually forced Russia to become independent in food and immune from the U.S. food threat. And all of the companies together in the United States thought, the economy is going to shrink, we don’t need any inventories, because everybody is going to be poor. They thought they were going to be poor, because they were making the economy poor, by predatory practices that they were following. MAX BLUMENTHAL: Well, you see the same dynamic at play with the protests in Italy and France against the green pass, and the construction of what, in my opinion, is a kind of digital authoritarianism, just exploiting the emergency atmosphere of the pandemic.The United States insisted that, number one, that sterling balances that were held by India and other countries be allowed to be spent outside of sterling. You couldn’t tie the sterling balances to say they have to be spent in England.

Super Imperialism, 3rd Edition - naked capitalism Michael Hudson: Super Imperialism, 3rd Edition - naked capitalism

The Grayzone’s Max Blumenthal and Ben Norton spoke with Hudson about the book and how the strategy of U.S. economic hegemony has evolved since World War One. Finally, on 19 October 1976, the then President of the US Gerald Ford signed an act to put in law what was already true as a matter of formality. Financial CrisesYou can’t make a profit if your labor costs, and your economy, and your transport costs, and your health costs are so high. But you can make a monopoly rents. Opponents of the theory of ultra-imperialism argue that whatever similar forms may have existed during the Cold War, since its end inter-capitalist competition has tended to increase [12] [13] and that the nature of capitalism makes it impossible for capitalists to make conscious decisions to avoid behaviour if in the short term it proves beneficial. [9] Related theories [ edit ]