Michael Hudson describes how the Western powers designed the international system to benefit North American corporations at the expense of the Global South, and how they can resist US neocolonialism.
In too many ways the US faces the greatest challenges of all as its government is deeply entrapped by the vested interests, corporatism and deep state that run the country. It is becoming so obvious countries that have true political and economic sovereignty are the ones that are going to prosper.
What were its self-prescribed advantages fifty years ago are now its burdensome liabilities. The very high price of intransigence.
Thanks for posting, Hudson is always insightful. No mention really of the work China is doing and its new and tested system replacing SWIFT. Nor anything related to blockchain systems that offer faster, less friction FOREX transactions. Would like to hear Hudson's take on those.
Here is my summary of DE FACTO US FOREIGN POLICY* as described by Michael Hudson, with some input from John Perkins "confessions of an economic hitman"
(*AKA the US economic model as principal unprincipled global parasite perpetrating plunder, predatory usury and protectionist extortion on other countries). These are the steps:
1. POLITICAL CAPTURE of the foreign country -
various tactics on a sliding scale of escalation:
- bribery/blackmail of existing leaders if already corrupt or corruptible (eg Javier Milei, all curtent Western European leaders), if not feasible then...
- lawfare using corrupt courts and judges to exclude undesirable socialist leaders (eg Lula and Dilma of Brazil) or exclude undesirable Russian leaning election candidates (Romania, Moldova), if not feasible then...
- CIA assassination of chosen leaders (many many examples.... may include wholesale slaughter of millions of people AKA the Jakarta method), if not feasible then...
- colour revolution /coup (which may also include assassination of leaders eg Allende), if not feasible then...
- Direct US bombing (eg Libya) or US invasion (eg Iraq), or if not feasible then...
- Long term economic sanctions / trade blockade of countries (eg DPRK, Venezuela, Cuba, Syria)
2.Once political capture is achieved and PUPPET POODLES are installed, to institute PRIMARY PRODUCTION POLICIES to prevent food sovereignty and instead promote cash crop production for cheap export to USA and prevent establishment of high value adding industries and instead promote extraction of unrefined raw materials for cheap export to USA
3. Institute PREDATORY LOANS for preposterous projects by US contractors which will NOT BENEFIT THE ORDINARY POPOLATION (eg hydroelectric dams to provide electricity to only the richest comprador suburbs), for the US to pursue perfidious profiteering and price gouging
4. PROTECTIONIST EXTORTION pretending to provide security against one or more external bogeymen or terrorists (often created and funded by the USA eg ISIS or Israel). This involves sale of overpriced underperforming US weapons (why? because.... interoperability!) and the establishment of US military bases in that foreign country, preferably funded by that foreign country itself eg Qatar
5.PLUNDER: When predatory loans from the IMF or World Bank inevitably default, then enforce austerity on the foreign populace to cut national expenditure and sell off natural resources at rock bottom prices to US interests eg Blackrock or Blackstone or other blackguards. Then issue new loans from IMF or World Bank to pay off the old loans, thus further increasing the national debt, and when that inevitably defaults, enforce another round of austerity and assert selloffs, then issue new loans to pay off old loans, thus further increasing the national debt, and when that inevitably defaults.... rinse and repeat.
In summary, remember the 5Ps practiced by the most egregious PARASITE NATION in human history:
- POLITICAL CAPTURE
- PRIMARY PRODUCTION Policies pursued by the PUPPET POODLES
- PREDATORY LOANS from the IMF or World bank for PREPOSTEROUS PROJECTS
- PROTECTIONIST EXTORTION
- PLUNDER and penury perpetrated on the populace
All of the above are enabled and facilitated by US PROPAGANDA which nauseatingly bloviates that the US is promoting freedom and democracy abroad, when it is in reality imposing economic slavery and autocracy on foreign countries.
"When Plunder becomes a way of life for a group of men in society, over the course of time they will create for themselves a legal system that authorizes it, and a moral code that glorifies it"
In too many ways the US faces the greatest challenges of all as its government is deeply entrapped by the vested interests, corporatism and deep state that run the country. It is becoming so obvious countries that have true political and economic sovereignty are the ones that are going to prosper.
What were its self-prescribed advantages fifty years ago are now its burdensome liabilities. The very high price of intransigence.
Thanks for posting, Hudson is always insightful. No mention really of the work China is doing and its new and tested system replacing SWIFT. Nor anything related to blockchain systems that offer faster, less friction FOREX transactions. Would like to hear Hudson's take on those.
Here is my summary of DE FACTO US FOREIGN POLICY* as described by Michael Hudson, with some input from John Perkins "confessions of an economic hitman"
(*AKA the US economic model as principal unprincipled global parasite perpetrating plunder, predatory usury and protectionist extortion on other countries). These are the steps:
1. POLITICAL CAPTURE of the foreign country -
various tactics on a sliding scale of escalation:
- bribery/blackmail of existing leaders if already corrupt or corruptible (eg Javier Milei, all curtent Western European leaders), if not feasible then...
- lawfare using corrupt courts and judges to exclude undesirable socialist leaders (eg Lula and Dilma of Brazil) or exclude undesirable Russian leaning election candidates (Romania, Moldova), if not feasible then...
- CIA assassination of chosen leaders (many many examples.... may include wholesale slaughter of millions of people AKA the Jakarta method), if not feasible then...
- colour revolution /coup (which may also include assassination of leaders eg Allende), if not feasible then...
- Direct US bombing (eg Libya) or US invasion (eg Iraq), or if not feasible then...
- Long term economic sanctions / trade blockade of countries (eg DPRK, Venezuela, Cuba, Syria)
2.Once political capture is achieved and PUPPET POODLES are installed, to institute PRIMARY PRODUCTION POLICIES to prevent food sovereignty and instead promote cash crop production for cheap export to USA and prevent establishment of high value adding industries and instead promote extraction of unrefined raw materials for cheap export to USA
3. Institute PREDATORY LOANS for preposterous projects by US contractors which will NOT BENEFIT THE ORDINARY POPOLATION (eg hydroelectric dams to provide electricity to only the richest comprador suburbs), for the US to pursue perfidious profiteering and price gouging
4. PROTECTIONIST EXTORTION pretending to provide security against one or more external bogeymen or terrorists (often created and funded by the USA eg ISIS or Israel). This involves sale of overpriced underperforming US weapons (why? because.... interoperability!) and the establishment of US military bases in that foreign country, preferably funded by that foreign country itself eg Qatar
5.PLUNDER: When predatory loans from the IMF or World Bank inevitably default, then enforce austerity on the foreign populace to cut national expenditure and sell off natural resources at rock bottom prices to US interests eg Blackrock or Blackstone or other blackguards. Then issue new loans from IMF or World Bank to pay off the old loans, thus further increasing the national debt, and when that inevitably defaults, enforce another round of austerity and assert selloffs, then issue new loans to pay off old loans, thus further increasing the national debt, and when that inevitably defaults.... rinse and repeat.
In summary, remember the 5Ps practiced by the most egregious PARASITE NATION in human history:
- POLITICAL CAPTURE
- PRIMARY PRODUCTION Policies pursued by the PUPPET POODLES
- PREDATORY LOANS from the IMF or World bank for PREPOSTEROUS PROJECTS
- PROTECTIONIST EXTORTION
- PLUNDER and penury perpetrated on the populace
All of the above are enabled and facilitated by US PROPAGANDA which nauseatingly bloviates that the US is promoting freedom and democracy abroad, when it is in reality imposing economic slavery and autocracy on foreign countries.
Orwell would be so proud.
How to Overthrow a Government: The US Color Revolution Playbook:
youtube.com/watch?v=ZMGlZDKjTtM
***
Every Leader The US Has Assassinated:
youtube.com/watch?v=lM_p4QhuBVE
***
US launched 251 military interventions since 1991, and 469 since 1798:
https://geopoliticaleconomy.com/2022/09/13/us-251-military-interventions-1991/
***
"When Plunder becomes a way of life for a group of men in society, over the course of time they will create for themselves a legal system that authorizes it, and a moral code that glorifies it"
-Frederic Bastiat
***
youtube.com/shorts/h-6Bo4DupHg
Thank you for your excellent links and quote
Thank you Gentlemen and Best Wishes.