The Origin and Fundamentals of U.S. World Dominance
– revised edition
Pluto Press 2003
Paperback – $ 35.00
Hard cover – $ 85.00
Interview in Counterpunch
A discussion with Michael Hudson during June 2003, on the a-list
Review in FTD (Local copy)
(Financial Times Deutschland – German edition of FT)
Stylus publishing description:
The Origin and Fundamentals of US World Dominance
This new and completely revised edition of “Super Imperialism” describes the genesis of America’s political and financial domination.
Michael Hudson’s in-depth and highly controversial study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception which — he argues — were intended to preserve the US’s financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world’s poorest countries have been plunged into insurmountable debt crises.
Hudson’s critique of the destructive course of the international economic system provides important insights into the real motivations at the heart of these institutions – and the increasing tide of opposition that they face around the world.
Michael Hudson is an independent Wall Street financial economist. After working as balance-of-payments economist for Chase Manhattan Bank and Arthur Anderson in the 1960s, he taught finance at the New School in New York and is presently Distinguished Professor of Economics at the University of Missouri – Kansas City. He has published widely on the topic of US financial dominance, as well as “Trade, Development and Foreign Debt” (Pluto 1992) and has been an economic adviser to the Canadian, Mexican, Russian and US governments, and to the United Nations Institute for Training and Research (UNITAR).
“Michael Hudson’s brilliant shattering book will leave orthodox economists spluttering. Classical economists don’t like to be reminded of the ugly realities of Imperialism. Hudson is one of the tiny handful of economic thinkers in today’s world who are forcing us to look at old questions in startling new ways.” — Alvin Toffler, best-selling author of “Future Shock” and “The Third Wave”
‘One of the most important books of this century. It is the first work to synthesize the new and different forms which capitalist imperialism has assumed since Lenin.’ — Terence McCarthy, Columbia University
425 pp pages, 5 3/4″ x 8 3/4″, March 2003
cloth, 0 7453 1990 4, $85.00