Multipolarista on Sep 8, 2022
Economist Michael Hudson discusses partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.
As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as America’s main long-term adversary, the Biden Administration’s plan was to split Russia away from China and then cripple China’s own military and economic viability. But the effect of American diplomacy has been to drive Russia and China together, joining with Iran, India and other allies. For the first time since the Bandung Conference of Non-Aligned Nations in 1955, a critical mass is able to be mutually self-sufficient to start the process of achieving independence from Dollar Diplomacy.
The planned enlargement of NATO to include Finland and Sweden is being hailed as proof of the strengthening and cohesion of the Western bloc and as a demonstration of the defeat of “Putin’s” plans, i.e., those of the Russian Federation. Add this to the daily clamors announcing a military victory of the Ukrainians and presaging an economic meltdown of Russia and even the possible overthrow of the Russian regime.
On March 21, 2022, Gilbert Achcar – a Professor at SOAS University of London – published a note on the Russia-Ukraine conflict, openly wishing for a North Atlantic Treaty Organization (NATO) victory. He enthusiastically expressed his support for Western arms deliveries to Ukraine and Western sanctions against Russia, which not only impact the well-being of the Russian people by blocking access to imported items but also plunder economic resources via the seizure of assets belonging to the sanctioned country. Achcar explained his full-blown pro-NATO advocacy by making vague references to “Russian imperialism”, which he considers to be worse than Western imperialism. Again, this judgement, too, is left unexplained; it is only garnished with a useless analogy pompously proclaiming the West’s “vassalization” of Ukraine to be “incomparably preferable” to Russia’s “enserfment” of the country.
Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia.
CODEPINK on Mar 21, 2022
As U.S. media reports a narrow narrative on the war in Ukraine, social media platforms are increasingly censoring critical voices for peace. Join us this Monday, March 21st at 5pm PT/8pm ET for a discussion between Abby Martin, Lee Camp, Chris Hedges, and Jodie Evans on the impacts and implications of this censorship.
“Because we’re calling out these elites for their hypocrisy, their cynicism, their mendacity, their corruption, that’s why. So this gave the deep state the excuse to shut it down. It’s kind of ridiculous because RT had a very tiny media footprint, it’s not like we were reaching particularly large numbers of the American public.” — Chris Hedges
But nobody thought that it would happen this fast.
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.
The MIC, OGAM and FIRE Sectors Conquer NATO
My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in the 1940s and 50s: “Wars never solved anything.” It was as if they never changed anything – and therefore shouldn’t be fought.
The U.S. aim is to keep them from trading with China and Russia
The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not so much to isolate Russia and China as to hold these allies firmly within America’s own economic orbit. Allies are to forego the benefits of importing Russian gas and Chinese products, buying much higher-priced U.S. LNG and other exports, capped by more U.S. arms.
U.S. Senator Marco Rubio (R-FL) appears to be obsessed with Cuba. Every few days he takes to social media or makes remarks to the press about his desire to overthrow the Cuban Revolution. In recent months, Rubio has played a key role in drumming up support for anti-government protests in Cuba. On September 23, 2021, for instance, Rubio tweeted, “The brave people of Cuba lost their fear of protesting against the dictatorship that represses them. Holguín raises its voice against tyranny.” Rubio included an article about the Cuban town of Holguín in his tweet, where “a group of Cuban citizens” are planning to hold a “march against violence” on November 20. This article appeared in Diario de Cuba, a news site based in Miami, Florida, which received substantial funding from the National Endowment for Democracy (NED) from 2016 to 2019, an independent nonprofit that is largely funded by “the U.S. Congress.”