Tag Archives: Washington Consensus

The debate between Biden and Trump is on everybody's mind. And for good reason, the future of the global economy, and the well being of the planet are always at stake in American elections. I, of course, will restrict my brief comments here to the economy, and what the alternatives might entail. But the analysis of the impacts of both programs, if one can talk of programs per se, is very poor, to say the least.Broadly speaking there has been increasing agreement on a tougher policy with...

[unable to retrieve full-text content]WAR Against NATO Not Russia | China vs. USA | BRICS | Michael Hudson Dialogue works (Nima): We look at this war in Ukraine, it’s been 18 months in this war in Ukraine and Ukraine got devastated by this war. What was the endgame for the U.S. foreign policy in Ukraine? Michael Hudson: Well, it Continue Reading The post The EU’s Desperate Need for a New Economic Framework first appeared on Michael Hudson.

[unable to retrieve full-text content]IMF showdown with China in Morocco, October 12, 2023 This year’s annual IMF/World Bank meetings in Morocco are the most explicitly confrontational yet by US/NATO diplomacy toward China and its fellow BRICS+ allies. It is not really rivalry, because US neoliberal financial policy is so different from the aims that the BRICS+ countries have been Continue Reading The post Twice as Important first appeared on Michael Hudson.

[unable to retrieve full-text content]  Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS AK: Hello everyone.  Welcome back to my channel. I see we are live already, perfectly on time, with a Swiss Precision today, because I have fantastic guest – Mr. Michael Hudson, who has been recommended to me by the one and only Andre Marciano who said, Continue Reading The post Creating an Independent World first appeared on Michael Hudson.

[unable to retrieve full-text content]Herodotus (History, Book 1.53) tells the story of Croesus, king of Lydia c. 585-546 BC in what is now Western Turkey and the Ionian shore of the Mediterranean. Croesus conquered Ephesus, Miletus and neighboring Greek-speaking realms, obtaining tribute and booty that made him one of the richest rulers of his time. But these victories and Continue Reading The post America has Just Destroyed a Great Empire first appeared on Michael Hudson.

Cross-posted from Pepe Escobar’s The Cradle. It is impossible to track the geoeconomic turbulence inherent to the “birth pangs” of the multipolar world without the insights of Professor Michael Hudson at the University of Missouri, and author of the already seminal The Destiny of Civilization.In his latest essay, Professor Hudson digs deeper into Germany’s suicidal economic/financial policies; their effect on the already falling euro – and hints at some possibilities for...

Guns and Butter. July 3, 2019 Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay tribute. Of course, America doesn’t come right out and tell other countries, “You have to pay us tribute,” like Roman emperors told the provinces they governed. U.S. diplomats simply insist that other countries...

Food Blackmail, the Washington Consensus and Freedom | Michael Hudson Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click "Send". You will then receive an email that helps you...

So André Lara-Resende, who I discussed here before, is again writing on the crisis of macroeconomics (in Portuguese and you might need to have a subscription), and now instead of embracing the Fiscal Theory of the Price Level (FTPL), has supposedly embraced Modern Money Theory (MMT). Many US MMTers cheered this as a demonstration of the reach of MMT in other countries. I would be less cheerful.Lara-Resende, let me explain to non-Brazilian readers, was a student of Lance Taylor at MIT, and...

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