Michael Hudson: The World Bank Has Always Been An Arm Of The U.S Military

Image by cool revolution via Flickr

by Michael Hudson
Writer, Dandelion Salad
November 5, 2022

India & Global Left on Nov 4, 2022

Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.

00:00 Highlight
00:55 Introduction
05:34 World Bank
18:51 US & Europe
21:09 US BOP deficit
32:45 Russia after USSR
50:20 US junk economy

---

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 A Philosophy for a Fair Society (2022), The Destiny of Civilization (2022), …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 The Myth of Aid (1971), amongst many others. He can be reached via his website Michael Hudson, mh@michael-hudson.com.

See also:

Super Imperialism by Michael Hudson (2nd Edition, 2003; pdf)

From the archives:

Michael Hudson and Radhika Desai: Since Money is Political

The World Bank — Underneath The Rhetoric, The Usual Right-Wing Prescriptions, by Pete Dolack

Ukraine Without Ukrainians, Earth Without Life, by David Swanson

Chris Hedges and Medea Benjamin: War in Ukraine: Making Sense of a Senseless Conflict

Crossing the Border into Ukraine, by Brad Wolf

Michael Hudson and Ralph Nader: The Federal Reserve, Quantitative Easing, and Who Runs the US Treasury

Michael Hudson and Ralph Nader: The Real Purpose of The Federal Reserve

Michael Hudson: A Short History of Inflation in Modern Times

Michael Hudson: The Nature of Financialization and Neoliberalism, Interviewed by Eric Draitser

Michael Hudson: Finance Capitalism’s Self-Destructive Nature

The American Empire Self-destructs, by Michael Hudson

America’s Real Adversaries are its European and other Allies, by Michael Hudson

Michael Hudson: The Neoliberal Exploitation Under a Super-Imperialism Lens

Michael Hudson: Super Imperialism: The Economic Strategy of American Empire