Michael Hudson: The Collapse of America’s Economic Empire
Prof. Michael Hudson, a world-renowned classical economist, discusses one of his greatest books: “Super Imperialism: The Economic Strategy of American Empire”.
The US empire changed fundamentally as it transitioned from a creditor to a debtor, although it the model has now run into a wall.
US debt is unsustainable, its technologies are no longer dominant, and new centres of power are establishing alternative economic architecture. In the final stage of Empire, the US is threatening countries to use its currency and technologies.
Super Imperialism: The Economic Strategy of American Empire: https://michael-hudson.com/books/super-imperialism-the-economic-strategy-of-american-empire/ https://michael-hudson.com/
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‘…assume countries work in their own best interest.’
western countries are not sovereign, each state’s leaders work in their employer’s best interest rather than their own state’s. each country’s government’s many warring factions & levels are designed to ensure its citizenry never sense its government is not sovereign.