Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance

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You want all of the planning–you want a centrally planned economy, much more centrally planned than you have in China and even in Russia. But the central planner is going to be Wall Street, and the city of London, and the Paris Bourse. MICHAEL HUDSON: At any rate, Australia has never been known to do anything that America or London didn’t want. So when the Chinese ask me to rewrite this book for their audience–and I spend a lot of time with China–I thought, well, I’m going to fix up Super Imperialism; I’m going to re-edit it; I’m going to include some episodes that I didn’t include before; and I’m going to show how the framework of international relations has been transformed in a way that isn’t being discussed in the press. So the result of the United States trying to hurt Russia and make it a dependent has actually forced Russia to become independent in food and immune from the U.S. food threat. And then also, the point you make in the book in the last chapter, is how the U.S. did something similar to another so-called ally, to Japan, how in the 1980s, the U.S. basically waged a kind of economic war against the Japanese economy, which permanently crippled it.

Super Imperialism: The Origin and Fundamentals of U.S. World

And ironically, after Hillary’s sort of instrumentalized coup in Honduras, her husband–or right before Hillary entered the State Department, her husband had apologized for destroying Haiti’s indigenous food economy, basically its ability to produce rice, so that they would import rice from his home state of Arkansas.

The business plan is to load the country down with debt, shrink the economy–but they’ll take their money and run. So obviously, China is getting a lead. The United States has made a policy decision: We don’t need a lead; all we need to do is establish a monopoly rent. And let China get way ahead of us. Let it be more efficient. Let it be more lower cost. Let it be more modern. And his followers, essentially, George spent his time going, and George’s followers, for 20 years before World War One, going around the country debating with socialists over, is the future of the economy going to be socialist, or is it going to be the Ayn Rand-type economy that Henry George wondered.

3rd Edition: Super-Imperialism | Michael Hudson

Super Imperialism is a term coined by Michael Hudson (1972, 2003) in his celebrated book, Super Imperialism. The Pluto (publisher of the 2003 edition of the book) press release on 25 November 2002 describes the concept as follows: SHC is the abbreviation for synthetic hegemonic currency, and IMFS is the abbreviation for international monetary and financial system. And that’s why wages have not gone up. Because this is what Alan Greenspan called the traumatized worker syndrome. They’re powerless. They’re afraid to complain against the job. They’re completely dependent on the employer for everything they have. MICHAEL HUDSON: It would love to be a conspiracy, but not all conspiracies are successful. They’re hoping that they can bamboozle the world into believing rhetoric instead of reality. MICHAEL HUDSON: There was a lot of discussion recently in China about the Plaza Accord and the Louvre Accord. There’s no parallel at all.So American military spending was actually welcomed by other countries because they said, oh, now we don’t have to create a new monetary system and go it alone. Now we can still earn enough dollars that we can finance our own economic growth. And they were amenable to staying in the American economic orbit.

Super Imperialism - New Edition: The Origin and Fundamentals

The lessons taken by US policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression—high tariff barriers, competitive currency devaluations, discriminatory trading blocs—had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.I always have actors read my books, and I don’t know who they are. And I always ask the publisher, can I please just, once, read the book? And they won’t let me in. Then they bring these D-list actors in.

Super imperialism: the origins and fundamentals of U.S. world

So America, the CIA, bragged that it had organized the big May riots in Paris. And the riots led to de Gaulle being replaced by a more left-wing party that was thoroughly under the control of the United States. For instance, the money America spent in Vietnam, because that was French Indo-China earlier, the money was all sent to French banks. And General de Gaulle would turn in the dollars being thrown off by the army in Vietnam to buy gold every month, much to their embarrassment. Germany did the same thing with this dollars. So other countries are turned into economic and trade satellites of the United States. That’s the aim of the U.S. control of the World Bank, the IMF.

And they were getting a free lunch through the Sterling Area and the Franc Area in the following way: England’s colonies had to do their banking in England. They had to keep the savings in England. The government had to keep all of its revenues in England. So it told Japan, we want you to agree to buy a big chunk of our foreign debt. England and Europe said, ok, we’re going to go along and we’re going to buy a big chunk of it too. So don’t. Sometimes you want to avoid an audio book. Don’t wish for it, because you just might get it. We’ve also seen the release of Meng Wanzhou, I guess she is the CFO or COO of Huawei, a Chinese tech firm. And I think this is relevant to the conversation here. All they care about is getting rich for the next 20 years. They don’t care if they leave a bankrupt America in their place. That’s their business plan.