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The New Cold War’s Ukraine Gambit by Michael Hudson + Rick Rozoff: CrossTalk: Nulandistan Update

Updated: May 16, 2014 Added video

Updated: May 14, 2014 Added video

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
May 13, 2014

Michael Hudson[1]

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

Michael Hudson: This Is Risking A Threat Of War + Is Thomas Picketty Right About The Causes of Inequality?

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 25, 2014

Renegade Economists interview April 22nd, 2014
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Karl Fitzgerald: Michael Hudson – www.Michael-Hudson.com – is back on the 3CR airwaves with an explosive show moving through the incredible wealth gap as outlined by Thomas Piketty. His book is barnstorming the world at the moment. We review it, alongside a bit of Marxist theory as we slide into what America is really up to in the Ukraine. It’s always interesting with Michael Hudson. Stay tuned for another instalment of the Renegade Economists. Continue reading

Michael Hudson: Investigation Finds Former Ukraine President Not Responsible For Sniper Attack on Protestors

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 17, 2014

TheRealNews on Apr 16, 2014

Michael Hudson: A German TV investigation disproves the West’s claim that Yanukovych was responsible for killing of dozens of Ukrainian protestors, making this President Obama’s WMD moment.

Continue reading

Michael Hudson: West Looks to Carve Up Ukraine and Privatize Industries Held By Kleptocrats

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 9, 2014

TheRealNews on Apr 8, 2014

Michael Hudson: The financial grab for Ukraine industries is simply war by another name, as other Eastern Europe countries have experienced similar fates.

Continue reading

R is for Rentier by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 5, 2014

R

Image by duncan c via Flickr

Part R in the .

Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity. The effect is to shrink the circular flow between producers and employee-consumers, leading to declining living standards. Under these circumstances productivity is increased only by working the existing labor force more intensively and cutting back medical insurance, old-age pensions and other social welfare expenditures. (See Free Market.)

Continue reading

P is for Ponzi by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 3, 2014

letter P

Image by LEOL30 via Flickr

Part P in the .

Panic: The abrupt culminating stage of the business cycle, in which inflated asset prices collapse in price as financial securities and properties are sold to pay off debts.

Parallel Universe: The objective of modern economic methodology. A hypothetical exercise in science fiction depicting a world that conceivably could exist, given a sufficient number of internally consistent assumptions. (See Neoclassical Economics.) Continue reading

Michael Hudson and Jeffrey Sommers: Who In Ukraine Will Benefit From An IMF Bailout? Not the Workers

by Jeffery Sommers and Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 21, 2014

TheRealNews on Mar 21, 2014

Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal, like cuts to gas subsidies and pensions, will hurt the average Ukrainian citizens and benefit kleptocrats. Continue reading