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
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.


Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His book summarizing his economic theories, The Bubble and Beyond, is now available. His latest book is Finance Capitalism and Its Discontents. He can be reached via his website, mh@michael-hudson.com.

Jeffrey Sommers is an associate professor of political economy at the University of Wisconsin-Milwaukee, and is visiting faculty at the Stockholm School of Economics in Riga. He is co-editor of the forthcoming book The Contradictions of Austerity. In addition to CounterPunch he also publishes in The Financial Times, The Guardian, TruthOut and routinely appears as an expert on global television programs. He can be reached at: Jeffrey.sommers@fulbrightmail.org.

from the archives:

The West Hell Bent On Starting World War III by Felicity Arbuthnot

Fractured Country – An Unconventional Invasion (must-see)

Michael Hudson: It’s as if Obama has Adopted Dick Cheney’s Military Policy!

Bankrupt West Playing Russian Roulette by Finian Cunningham

Crimean ‘Check’ on Western Machinations in Ukraine by Finian Cunningham

Hey Rubes! Follow the Money! by Daniel N. White

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

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  7. Kind of a surprise that neither professor mentioned fracking potential inside Ukraine. One can imagine a future scenario where Ukrainians will rise up against water pollution like the Australian people are doing now. Mr. Hudson’s statements about IMF loans confirmed Yanukovych’s decision to wait on them, which started the whole horrifying mess.

  8. IMF – I-nstant M-isery F-ollows…Not a single country on this planet has benefited from an IMF loan. Bankers yes…plenty. How many times must the same mistake be repeated before the lesson finally sinks in?

  9. Pingback: Obama to Putin: Do as I Say Not as I Do by Ralph Nader | Dandelion Salad

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