Updated: May 16, 2014 Added video
Updated: May 14, 2014 Added video
by Michael Hudson
Writer, Dandelion Salad
May 13, 2014
The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.
Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of land and basic infrastructure, and the rents that can be extracted as tribute. In today’s world this is taken mainly in the form of debt service and privatization. That is how neoliberalism works, subduing economies by indebting their governments and using unpayably high debts as a lever to pry away the public domain at distress prices. It is what today’s New Cold War is all about. Backed by the IMF and European Central Bank (ECB) as knee-breakers in what has become in effect a financial extension of NATO, the aim is for U.S. and allied investors to appropriate the plums that kleptocrats have taken from the public domain of Russia, Ukraine and other post-Soviet economies in these countries, as well as whatever assets remain. Continue reading
Filed under: Dandelion Salad Posts News Politics and-or Videos 2, Dandelion Salad Videos, Economy, Europe, History, NATO, Oil, Politics, Russia, The Economy Sucks and or Collapse 2 | Tagged: becker-brian, Financial Warfare, Michael Hudson, Michael Hudson on Dandelion Salad, Neoliberalism, Ray McGovern, Rick Rozoff, Ukraine | 14 Comments »