Michael Hudson : The need for a systemic response by creating a new international economic order
This is a logical continuation of this short essay by Dr. Hudson that we posted yesterday: It is in fact Dr Hudson’s answer to the problems that he highlighted: Michael Hudson : This time the U.S. attack on Iran will be for real – and for keeps
These two essays is equal to having a personal discussion with Dr Hudson. This is what you will hear if you speak with him. There are no more cute outcomes, or massive solutions or great expectations. It is now as Iran says: Not any longer an eye for and eye, but now it is a head for an eye. Dr Hudson is correct in calling out the abject State of Denial that exists. This is the message that you must take to your leaders. We will do our part with a massive CALL TO ACTION, and the last parts of that are now being edited and formatted to be available on the internet, with a good PDF that you can download and use. This will give you and ourselves a real ability and a tool to speak out universally. In this CALL TO ACTION we address ourselves, i.e., the people, but we also address our leaders. There are some that we can take hands with and those are the ones that we are aiming for.
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The United States and its allies, especially Ukraine and Israel, together are violating every principle of international law and the laws of war that the United Nations Charter established in 1945, based on centuries of Western civilization’s legal philosophy since the 1648 Treaty of Westphalia.
The United States is violating the sovereignty of other countries. It is waging an undeclared war – and fighting this war by focusing on bombing civilian targets (ten times as many civilian targets in Iran than military targets), especially hospitals and schools to kill children as its strategy of demoralizing populations that it is attacking.
All this New Cold War has just made a quantum leap in World War III by attacking Iran’s oil-export capacity and obliging it to defend itself by closing down the U.S.-Israeli allies among the Arab OPEC sheikdoms that have tied their economies closely with the United States and permitted it to use their airfields and air space to attack Iran.
This is forcing America’s European and Asian allies such as Korea, Japan and Philippines into a great depression. Instead of protecting foreign economies from China, Russia and Iran, the United States is plunging its allies into economic depression. This will force them to close down many of their industries that depend on natural gas and helium, and on imported oil and sulfur. Their fertilizer production – and hence, agricultural crop yields – chemical production and much industry will close down.
Yet their stock markets were up last night and today, as they are in a state of denial about the need to create a new international trade and financial system – and indeed, a new United Nations and International Court – to protect themselves from the U.S. attempt to weaponize the world’s oil trade under its control, and to regain control of the U.S.-centered financial system so as to be in a position to disrupt foreign trade and payments and impose economic injury on country seeking to assert their own sovereignty and independence – and indeed, their economic survival – from U.S. neo-colonialism.
Iran has insisted that a new criminal court institution needs to be created to conduct Nuremburg-type trials against U.S. and Israeli violations of international law. This requires creation of new institutions in which the United States does not have veto power to prevent any such self-assertion.
But the United States has said for over a century that it will not join any international organization in which it does not have veto power. It refuses to let its policy be subject to any control by other nations.
This demand obliges other nations to create a full-blown system of international law to de-weaponize international trade, finance and diplomacy. There is no solution to the chaos that is about to be created if the United States indeed tries to mount a land attack on Iran and destroy its oil-export capacity and basic infrastructure, leading Iran to follow through on its promised response of closing the entire oil trade of OPEC countries.
There is no middle ground available, no ceasefire negotiations that can be reached, given the U.S. demand for unconditional surrender of Iran and its sovereignty, and Iran’s insistence that the United States withdraw from its military presence in the Middle East, including its military base in Israel as a country and the U.S. client army of Isis/Al Qaeda Wahabi that is now in control of Syria.
The fight can only be settled on the battlefield in the Middle East, just as the NATO fight against Russia can only be settled on the battlefield in Ukraine and the Baltic.
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[Note: This time we fight for the world. Our world.]