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.
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.
from the archives:
Is There Anyone Out There Who Still Believes in Barack Obama’s Lies? by William Blum
Ukraine and Crimea–An Illegal Putsch and a Democratic Referendum by Felicity Arbuthnot
Reflections on Ukraine and Regime Change by Michael Parenti
This Is Why Washington Has Sought To Create A Crisis Over In Ukraine by Finian Cunningham
Michael Hudson and Jeffrey Sommers: Who In Ukraine Will Benefit From An IMF Bailout? Not the Workers
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This Soros character…no gentleman either.
More or less…isn’t this what happened when the USSR dissolved? The West couldn’t rush in fast enough to pick up the spoils. I don’t think Gorbachev even knew what hit him.
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Relevant, certainly, but not central. Hudson, along with Paul Craig Roberts and a few more economists, is honest but the central problem in Ukraine is not economics, it is geopolitical.
The US does not want Germany and Western Europe to ally with Russia rather than the US. That is why it back a putsch when Germany, France, Poland and Russia had already agreed to elections. It didn’t want the West agreeing with Russia. So it backed a Nazi-neoliberal coup that was anti- Russian, when half the Ukrainians spoke Russian as their first language.
Obama knew that this might dismember Ukraine, but dismemberment is mother’s milk to US foreign policy. Look how wonderful the dismemberment of the Soviet Union and Yugoslavia was to US power. How the fighting between the Sunnis and Shiites in Iraq, the chaos in Libya and Syria neutralized those countries. The people? Couldn’t care less about the horrors created. Devastation r us, is the Obama-Bush motto, since devastation is all the US has left to try to maintain its world power.
Russia doesn’t want 25 million new poor people that it would have to service; it would settle for a neutral Ukraine. But the US won’t. Will Western Europe? If it does, it will have to do so against US power, and that might change the entire historical power position. And the US might go to war to prevent it.