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3rd Edition: Super-Imperialism

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The updated and expanded 3rd edition of Super Imperialism: The Economic Strategy of American Empire is now available. This highly respected study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception. Forensic detail reveals how the world's core economic functions were sculpted to preserve US financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic order 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. The book became famous for detailing how the removal of the gold standard left the world’s central banks with only ...

Falling into Line: Turning Endless Deficits into a Power Base

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Thanks to all our Patreon supporters, we are now up to .... 67 patrons! Please support my work. This is an important interview. Michael Hudson Interviewed on Kevin Barrett's Truth Jihad Radio, 11/15/21 Kevin Barrett: Welcome to Truth Jihad Radio, the radio show that wages the all-out struggle for truth by uncovering all sorts of interesting facts and perspectives that are normally banned, covered up, obscured, spun or otherwise messed with in the corporate controlled mainstream. Today we're going to the rather complex subject of international economics, but by way of an analysis of empire. John Perkins and Confessions of an Economic Hit Man showed us the debt dimension of empire. Our US empire is the first empire ever that runs on debt more than anything else. And if you ...

On Trotsky, on Imperialism

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On a tangent here with George Galloway. Starts from 14.30. Please support my new Patreon page. It's as good as selling books! Leon Trotsky: “Our planet is being turned into a filthy and evil-smelling imperialist barrack.” Leon Trotsky was a very famous Russian indeed. A key figure in the Bolshevik Revolution, in the foundation of the Red Army, which successfully repelled the foreign invasion of Russia which sought to overthrow it. He even found time to be the godfather of our guest Michael Hudson, Professor of Economics at the University of Missouri, Kansas City. The author of ‘Super Imperialism: The Economic Strategy of American Empire’, he joined the show to explain his theories on industrial capitalism, politics and military might.

Did the Squad give away their Bargaining Power?

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I was glad to see Ayanna Pressley make clear over the weekend what a travesty has occurred, explaining that she had to oppose the infrastructure bill because House leaders did not honor the agreement that they had made: “We have been clear from the onset that any vote on the narrow roads and bridges bill must happen in tandem with a vote on the Build Back Better Act that invests in our care economy, housing, paid leave, combating climate change, and more.” Has the Progressive Caucus lost its bargaining power by giving in to President Biden promise of “Trust Me.” Suppose that he is indeed able to get the Blue Dog/New Democrat Thatcherite “centrist” House members (mercenary lobbyists for corporate America and the One Percent) on board. But what about ...

The Unreformable Democratic Party?

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  Is This the End of the Unreformable Democratic Party? Please support my new Patreon page. I now have 46 patrons. Thank you! History has been rewritten almost daily this week, almost immediately as it occurs. A Wall Street Journal editorial on November 4 spun its view of what is at issue for the Democratic Party: “Voters warn Democrats to walk away from the Sanders-Pelosi agenda.” The Democrats’ own leadership quickly agreed with this take, playing the blame game against the Progressive Caucus for insisting on economic reforms that opinion polls have reported are precisely what voters say they want. But these are not the policies that the party’s major donors want. What really is at issue is just whom the Democratic Party (and their duopoly partners the Republicans too, of course) supports: corporate ...

The Neoliberal Exploitation Under a Super-Imperialism Lense

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https://www.youtube.com/watch?v=FH2IRYoip0E&t=1s An interview on The Zero Hour to discuss the newly-released third edition of the 1971 book, Super-Imperialism: The Economic Strategy of American Empire. ESKOW: … The premise of your book, which has just been reissued, is something that I think a lot of people nebulously grasp parts of but don't have a firm fix on. I think people, particularly people who would watch a program like this, understand that there is a deep and a symbiotic relationship between the US economy, global capital, and US influence, in what you describe as “super-imperialism.” But I think the mechanics of it are obscure to people. And it seems to me that's what your book sets about addressing. Could you just briefly give us kind of an overview of what this machinery consists of? HUDSON: Well, the ...

Post Corona Super Stimulus

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The Case for Shifting Taxes onto Land Michael Kumhof, Nicolaus Tideman, Michael Hudson and Charles A Goodhart Abstract The post-Corona economic environment puts a premium on finding fiscal means to stimulate the economy while continuing to finance current levels of expenditures and debt. We develop and carefully calibrate a model of the US economy to show that an increase in the tax rate on the value of land, balanced by decreases in the tax rates on the incomes of capital and labor, can meet this need. We find that the US share of land in total nonfinancial assets is more than 50%, so that the tax base is very large. This is corroborated by very high quality OECD data for other industrialized economies that, almost without exception, find land shares of between 40% ...

The Tight Fist of Special Interests

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TRANSCRIPT Paul Jay Hi, I’m Paul Jay. Welcome to theAnalysis.news. Please don’t forget there’s a donate button on the top of our webpage. So if you’re watching on YouTube, you could maybe come on over to theAnalysis.news and hit donate. I think there’s a link on YouTube there too. And if you’re on YouTube, you can hit the subscribe button; that would be good. Most importantly, you could share this with a few people. One of the most common comments we get is why aren’t more people watching this? It would help if there were more shares. Although a lot of people have suggested YouTube is shadow banning us, and I think it’s quite true, especially since they took down a few of our stories. And it was only after Matt Taibbi wrote ...

We Make the Rules

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Economist Michael Hudson discusses the update of his book “Super Imperialism: The Economic Strategy of American Empire” and the financial motivations behind the US new cold war on China and Russia. Hudson has published a new, third edition of his book Super Imperialism that updates his analysis for the 21st century, discussing the new cold war on China and Russia and the ongoing transition from a US dollar-dominated financialized system to a “multipolar de-dollarized economy.” Max Blumenthal and Ben Norton of Moderate Rebels spoke with Hudson about the book and how the strategy of US economic hegemony has evolved since World War One. Transcript BEN NORTON: Hello, everyone, this is Moderate Rebels live. I’m Ben Norton. As always, I’m joined by my co-host, Max Blumenthal. And today we have back one of our most popular guests, ...

Piketty vs Hudson

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https://www.youtube.com/watch?v=GWT0uvBLDbo If you like the depth of this discussion, please support my new Patreon page! This debate between Michael Hudson and Thomas Piketty was held on September 23, 2021. The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. This debate between Michael Hudson and Thomas Piketty on September 23, 2021, is available on YouTube at: https://www.youtube.com/watch?v=GWT0uvBLDbo The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Nika: Hi, I'm Nika. I'm David's wife. This is an event in the honor of the first anniversary of David Graeber's passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of the crisis we are in. We set up the Art Project, so welcome to the first one of the series. Today, we ...