Image by Eric B. via Flickr
with Michael Hudson
Writer, Dandelion Salad
November 8, 2021
An interview on The Zero Hour to discuss the newly-released third edition of the 1971 book, Super-Imperialism: The Economic Strategy of American Empire.
The Zero Hour with RJ Eskow on Nov 1, 2021
Michael Hudson: “The United States is backing essentially a financialized rentier economy, and other countries are trying to defend themselves against this by increasing their productivity and living standards. That’s the existential fight. It’s not military. It’s not economic. There’s no trade competition between America and China because America has already decided to de-industrialize and move its labor force and production facilities abroad. It’s who’s going to get the economic surplus. That’s what the whole fight of civilization is all about for Putin, Xi and people who are trying to create an alternative to American empire.”
[…]
“It’s a libertarian concept. It’s taking power away from governments, which is the Road to Serfdom, and shifting central planning to Wall Street. So the libertarians and the free market people are for much more centralized planning than you have in Russia or China, but the centralization of planning is on Wall Street – or in the City of London and the Paris financial centers And any government that tries to tax or regulate or shape the economy, or even keep basic infrastructure in the public domain to offer inexpensively, is accused of being the Road to Serfdom.”
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 & 3rd Edition 2021), 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 Nov. 4, 2021.
See also:
Super Imperialism by Michael Hudson (2nd Edition, 2003; pdf)
From the archives:
Michael Hudson: Super Imperialism: The Economic Strategy of American Empire
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?
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