Image by cool revolution via Flickr
with Michael Hudson
Writer, Dandelion Salad
October 24, 2021
Economist Michael Hudson discusses the update of his book Super Imperialism: The Economic Strategy of American Empire and the financial motivations behind the US new cold war on China and Russia.
Hudson has published a new, third edition of his book Super Imperialism that updates his analysis for the 21st century, discussing the new cold war on China and Russia and the ongoing transition from a US dollar-dominated financialized system to a “multipolar de-dollarized economy.”
Max Blumenthal and Ben Norton of Moderate Rebels spoke with Hudson about the book and how the strategy of US economic hegemony has evolved since World War One.
Michael Hudson: “So America essentially has painted itself into a corner as a result of its military spending. It has lost its industrial advantage. It has lost its international competitiveness. And the only thing that it has left to do is the power to destroy, if other countries don’t essentially surrender their economies to control by the US, pretending to be objective and non-nationalistic by saying, we’re not controlling you, the the World Bank is controlling you, the IMF is controlling you, the international organizations are controlling you.”
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of …and forgive them their debts (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy (1992 & 2009) and of The Myth of Aid (1971), amongst many others. He can be reached via his website Michael Hudson, mh@michael-hudson.com. Originally published Oct. 20, 2021.
See also:
Super Imperialism by Michael Hudson (2nd Edition, 2003; pdf)
From the archives:
Michael Hudson: Biden Between BlackRock and a Hard Place
Michael Hudson: Global Financial Empire, Parts 1-3
Michael Hudson: The World’s Absentee Landlord
America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism, by Michael Hudson
How the U.S. is Able to Dictate to the Rest of the World, by Pete Dolack
Michael Hudson: Dollar Recycling and Military Encirclement
Michael Hudson: The Beginning of the End of Super Imperialism in 2020?
The Instrument of Empire by Michael Hudson + Hudson: Even He Can’t Get Away With It
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