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Michael Hudson

3rd Edition: Super-Imperialism

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...

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Piketty vs Hudson

[embedded content] 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=GWT0uvBLDboThe debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Nika: Hi, I’m Nika. I’m David’s wife....

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The Affront of Chinese Sovereignty

Cross-posted from Renegade Inc Ross: Welcome to Renegade Inc. With China’s increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, we ask, will China learn from Western mistakes? Ross: Michael Hudson, always great to have you back on Renegade Inc....

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The Vocabulary of Neoliberal Diplomacy in Today’s New Cold War

Mr. Soros has expressed his ideological fury at the prospect of not being able to make the kind of easy money off China that he was able to siphon off when the Soviet Union was carved up and privatized. On September 7, 2021, in his second mainstream editorial in a week, George Soros expressed his horror at the recommendation by BlackRock, the world’s largest asset manager, that financial managers should triple their investment in China. Claiming that such investment would...

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George Soros’s dream: To turn China into a neoliberal grabitization opportunity

In a Financial Times op-ed, “Investors in Xi’s China face a rude awakening” (August 30, 2021), George Soros writes that Xi’s “crackdown on private enterprise shows he does not understand the market economy. … Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.” Translated out of Orwellian Doublethink, the “crackdown on private enterprise” means cutting back on what the classical...

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Global Financial Empire 2

[unable to retrieve full-text content]The 2nd in a 3 part lecture series for the Global University for Sustainability, Hong Kong. Photo by Scott Gummerson on Unsplash The post Global Financial Empire 2 first appeared on Michael Hudson.

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Global Financial Empire 1

[unable to retrieve full-text content]A 3 part lecture series for the Global University for Sustainability, Hong Kong. Photo by Ilona Frey on Unsplash The post Global Financial Empire 1 first appeared on Michael Hudson.

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Biden forfeits his Afghan victory by defending his Deep State advisors

President Biden put a popular flag-waving wrapping for America’s forced withdrawal from Afghanistan in his 4 PM speech on Monday. It was as if all this was following Biden’s own intentions, not a demonstration of the totally incompetent assurances by the CIA and State Department as recently as last Friday that the Taliban was over a month away from being able to enter Kabul. Instead of saying that the massive public support for the Taliban replacing the United States showed...

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Living with Price Above Value

[embedded content] An interview with the Positive Penger group. Jussi: So welcome all and welcome Michael. Good to have you here again. How are you? Hudson: It’s good to be back. Jussi: Our pleasure as usual. Let me just introduce you shortly first. I think most people know quite a lot about you. I’ll make it short. You have been an advisor to governments, warned correctly about the debt crisis in Latin America and the great financial crisis 2008. You worked on Wall...

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