In this wide-ranging discussion on the Moderate Rebels podcast, Hudson addresses US sanctions on Venezuela and Iran, the policies of the Joe Biden administration, Beijing’s economic model, cryptocurrencies, and dedollarization – the potential end to the dollar as the global reserve currency.
Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third is to permit them to live under their own laws, drawing a tribute, and establishing within it an oligarchy which will keep it friendly to you.”
It is not unusual for critics of United States foreign policy, whether or not they feel free to use the term “imperialism,” to express regret that a previously rational system has soured. Such sentiments are routine for liberals and hardly unknown among social democrats.
Throughout its era as the “world police” that overthrows governments for the benefit of corporate interests, the U.S. has perfected a strategy for destroying societies and remaking them according to its own preferences. To varying degrees, this playbook for regime change has consisted of a basic formula: destabilize a society, then use propaganda and violence to impose Americanism onto its culture and governmental system. We’ve seen this carried out in Iran with the 1953 CIA coup that overthrew the country’s democracy and replaced it with the Shah, in Chile with the 1973 CIA coup that overthrew the country’s socialist president Allende and installed the Pinochet dictatorship in his place, and so on.
July 14th, 2020, marks the fifth anniversary of the Joint Comprehensive Plan of Action (JCPOA) Agreement, often referred to as the Iran Nuclear Deal (or simply the Deal) – the Deal that wasn’t. It was yet another attempt at regime change.
Global University for Sustainability on Apr 24, 2020
On 22-24 November 2019, International Seminar on Land, Finance, and De-dollarization was held in Macau, China, which was co-organized by Global University for Sustainability, Lingnan University, Southwest University, and the Federal University of Espirito Santo.
Moderate Rebels on Apr 20, 2020
Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.
The U.S. empire’s global influence projects, especially the ones in Iran and Hong Kong, have a different nature from the ones that were carried out when American power was still in a stable state. There’s now an aspect of desperation to what America is doing abroad, an unacknowledged but ever-present reality that the purveyors of Western imperialism are fighting a losing battle against the inevitable process of imperial collapse.
The story of how America became an empire is one where a group of ambitious and egotistical men rationalized implementing a governing model which would lead to massive death and suffering. Its main forerunner was Theodore Roosevelt, a narcissistic politician from an upper-class household who was determined to turn his childhood obsession with war into a foreign policy model which would make the United States into a conquering nation. He and the other political elites who supported the Spanish-American War and the subsequent rush to empire received support from William Randolph Hearst, the businessman who used his vast newspaper network to manufacture public opinion for war because war stories would help him sell papers better than the lurid gossip that he otherwise used to gain the public’s attention.
Updated: August 14, 2019
“A general line of advice to stick with is to never believe the US government or the Pentagon when it comes to interventions in war. I can’t think of a single war the US has been involved with where they actually told the truth on the reasons behind their involvement, not even World War II.” — Will Griffin
So, Canada, the Canadian people unfortunately are deprived of honest representation of provincial desires, provincial needs, by the fact that the financial sector, the banks, are pretty much running the country.” – Michael Hudson
On the weekend of July 19-21st, 2019, the University of Manitoba became the venue for the 14th Forum of the World Association for Political Economy (WAPE). This annual event represents a gathering of Marxist economists from around the globe, and aims to utilize current understandings on the subject to analyze and study the world economy, reveal its laws of development, and offer policies to promote economic and social progress on national and global levels.
The Peace Report on Jul 14, 2019
Will Griffin, an Iraq and Afghanistan veteran, interviewed on RT to discuss the recent poll showing the majority of US veterans say the Middle East wars are “not worth fighting”.
Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019.
Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses. Countries that do not give the United States control of their oil and financial sectors or privatize their key sectors are being isolated by a United States imposing trade sanctions and unilateral tariffs giving special advantages to U.S. producers in violation of free trade agreements with European, Asian and other countries.
It was a helluva week on the Iran front. It started with attacks on two tankers in the Gulf of Oman on June 13th and ended with Donald Trump ordering, and then calling off, a military attack on Iran on June 20-21. How we got from beginning to end of that chapter in ongoing US-Iran saga is worth close consideration.
President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology.