in FTD - Financial Times Deutschland (German edition of FT) Super Imperialism: The Origin and Fundamentals of US World Dominance Michael Hudson. Pluto Press 2003, 425 Seiten, 32 €, ISBN 074531989 Unser Dollar, euer Problem Wie ein Volkswirt die finanzielle Grundlage der amerikanischen Vorherrschaft erklärt Von Sebastian Dullien Wieder einmal starren Wirtschaftsprognostiker Gebannt auf den Dollar-Kurs. Wird die USWährung weiter abwerten und alle Erholungshoffnungen für die Konjunktur in Europa zunichte machen? Wird gar der Greenback soweit abstürzen, dass Deutschland in die Deflation gleitet und ein zweites Japan wird? Wie so oft in den vergangenen Jahrzehnten ist das Wohl und Wehe der Weltwirtschaft derzeit eng mit der Entwicklung des Dollar verbunden. Und wie schon so oft stellt sich die US-Regierung auf den Standpunkt: „Der Dollar ist unser Geld, aber euer Problem.“ Tatsächlich: Gravierende Probleme mit dem Wechselkurs scheint Amerika selten zu haben, nicht mit seiner ...
Press release: Super Imperialism
How America will get Europe to finance its 2002-03 Oil War with Iraq In the 1991 Gulf War, America got its allies to bear most of the costs voluntarily. After all, U.S. diplomats asked, wasn't the war fought to protect Kuwait and the next petro-domino, Saudi Arabia, from Iraqi attack - and in the process to protect Europe's oil and gas supplies from an aggressive grabber? Wasn't it therefore fair to ask the Kuwaitis and Saudis, along with the Germans, British and other countries, to bear the lion's share of the cost of the oil war? Europe and the Near East agreed to pay, and their central banks turned over some of the U.S. Treasury bonds they had accumulated by running trade and payments surpluses year after year with America. But ...
Railway Financing and the Shape of China’s Future: Some Lessons from American Economic History
Report for the Robert Schalkenbach Foundation “Is it British wealth we want when we desire to develop our resources or build railroads? No, we do not need the wealth, for at this moment we are the richest nation on the face of the globe. We need the money.” – John Brown, Parasitic Wealth, or Money Reform (1898:34) These words were written over a century ago by an American who saw that it was money that put the nation’s tangible wealth, its natural resources and labor, in motion. Recognizing that money was essentially a social and legal institution, a creation of the state, the author urged the government to finance the railroads by printing its own money rather than borrowing from private banks and investors. This would ...
