Super Imperialism. The Economic Strategy of American Empire. Third Edition

Product Information

So maybe you can explain how the pandemic has accelerated the trends that you have been elucidating, and the contrast between financial and industrial capitalism? Ultra-imperialism (occasionally hyperimperialism and formerly super-imperialism) is a potential, comparatively peaceful phase of capitalism, meaning after or beyond imperialism. It was described mainly by Karl Kautsky. Post-imperialism is sometimes used as a synonym of ultra-imperialism, although it can have distinct meanings. Keynes, J M (1943): “Proposals for an International Clearing Union,” White Paper given to British Government in April. I mean Julian Assange is an example of America’s commitment to intellectual freedom and to personal freedom. And the assassination teams that it has been sending out to Ecuador. other Latin American countries recently are more examples of this. And of course the IMF said no. It wasn’t difficult to understand why. And we’ve seen this same rejection applied to Iran.

And in fact, Gates is making the same mistake with his foundation that Khrushchev made in Russian agriculture, when he began to develop Siberia, thinking that that would restore Russia’s self-sufficiency and grain to get free of America’s threats of the grain embargo.

The Jakarta Method: Washington's Anticommunist Crusade and the Mass Murder Program that Shaped Our World Well he made his money in his computer systems by having a monopoly power, and what bigger monopoly can you have than a monopoly over health care? Saying, “your money or your life.” So of course, he puts his money as a natural extension of having his monopoly. Among many policy tools to achieve these goals, he suspended the dollar’s convertibility into gold. Bretton Woods System

And the US has, it seems – and I want to get your view on this – successfully disrupted this massive EU-Chinese trade deal by weaponizing human rights allegations, talking about the treatment of the Uighurs in Xinjiang, or the supposedly poisoning of Sergei Skripal, the poisoning of Alexei Navalny. But just just in the last few minutes here, over on our Patreon, we actually have 15 questions. So I’m not gonna be able to ask all of them, unfortunately. And what I can say, Professor Hudson, is maybe maybe you could try to answer some of them briefly. But I’m not going to ask you all of them, just because I don’t want to keep you for another hour here, but just for a few minutes. And on April 20, two Czech Republic announced that it would no longer accept the Sputnik V vaccine. It looked like such a bogus intelligence intrigue cooked up by the CIA to sabotage Sputnik V in Central Europe. Yes, this is not Karl Polanyi’s Great Transformation. It’s feudal, yeah, I’ve been saying all along, it’s neo-feudalism. That’s what a rentier class is, a rentier economy. The difference is that the financial interests today and the monopolists play the role that the landlords played in the 19th century, before democratic reform ended the landlord class as such. And by doing that, paved the way for the resurgence of the financial class and the monopolists. In this book Michael Hudson illuminates one of the most powerful forces in global economics – one which is hidden, and widely misunderstood. It is the use by the United States of a “money-pump” – an economic contraption which liberally pumps out money to finance extravagant US consumption and spending. This “money-pump” works at almost no cost to Americans, and at considerable cost to those who pour dollars into the “pump” – the rest of us. That is why this book is vital reading.So in many ways, it seems to me that Modern Monetary Theory is only really possible for the US because of super imperialism. So the World Bank and the IMF have always been probably the most viciously pro-rentier, anti-progressive institutions in the world. And as such, they’re guided by essentially America’s deep state, as an arm of subjugating other countries, preventing their self-sufficiency. So if you look at the sanctions against Russia and China as a way to split Europe and make Europe increasingly dependent on the United States, not only for gas, and energy, but also for vaccines.

The question in this is, what about Europe? In the last few days, there has been a lot of discussion about cutting Russia off from the SWIFT bank clearing system, and of other sanctions against Russia. They don’t think in terms of an abstract generality; they think very specifically, does this particular industry help develop China or not? Is it part of our overall long-term plan for 2025, 2030, and beyond? How does this fit into developing the economic structure of our economy to make it more practical? In other words, he says the Democratic Party, as always, won’t do anything that Republicans wouldn’t agree on. Because the Democrats are an arm of the Republican Party. Their role is to protect the Republican Party from left-wing criticism. I think the Chinese are sort of in the process continually of reinventing their economy, of seeing what works and what doesn’t. I think they’re operating on a pragmatic, ad hoc basis, and that pragmatism doesn’t lead them to think, is this capitalist or socialist? FDR’s nationalist de-linking of dollar from gold to devalue dollar (help US exports during Depression) led to a trade war downward spiral (competitive devaluations + tariff wars) which internalized the Depression in nations, leading to WWII. As someone who thought highly of FDR’s domestic policies (relative to US presidents!), it is startling to learn pro-austerity predecessor Herbert Hoover and his class of private creditors actually wanted foreign debt relief for the selfish reason that both private creditors and the US government could not both be repaid. It also seems FDR’s scorn for international private bankers at the time was built on crude geopolitical economy.

You’ve shown how the United States has run rings around Britain and every other empire-building nation in history. We’ve pulled off the greatest rip-off ever achieved. Karl Kautsky, Der Imperialismus, in: Die Neue Zeit. 32 (1914), Vol. 2, p. 908–922; Karl Kautsky: Imperialism and the War, in: International socialist review, 15 (1914). Well comedians all over Europe for having a field day with that. I mean, here are the two alleged KGB agents. So today, Michael Hudson, I want to start just talking about what super imperialism looks like today, in the new cold war. This is something that we talk a lot about. Asymmetrical trade is more accessibly explained in Varoufakis’ And the Weak Suffer What They Must? Europe's Crisis and America's Economic Future

Hello everyone, I’m Ben Norton. You’re watching Moderate Rebels. And there will be a podcast version of this after, for people who want to listen. We are joined today by the economist Michael Hudson, one of the most important economists in the world, honestly, in my view. Well do you also agree with the argument, it seems like Gates has invested not just billions of dollars, but really his life into what seems like the privatization of the global public health system. I mean, the Gates Foundation is one of the principal funders of the World Health Organization. This is not a state; this is a foundation run by a single capitalist. So the US realizes that the economy has been transformed in the last 40 years, since the 1980s, since Ronald Reagan and Margaret Thatcher, when Margaret Thatcher said, “There is no alternative.” Of course, there were many alternatives. Ah, I know. You’ve gotta be careful about what’s working, you know… They have to somehow prepare the ground for the fact that things are not going to get better.

Article contents

It’s so bizarre. It’s almost a comedy. It’s like the old comics they used to have in grade school, “What’s wrong with this picture?”, and you’d see birds flying upside down and all sorts of dogs walking people. It’s just such nonsense.