Michael Hudson: Why the US has a unique place in the history of imperialism?
Sun 10:52 am +00:00, 6 Nov 2022Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
He is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City.
He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018),J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.
00:00 Highlight
00:55 Introduction
05:34 World Bank
18:51 US & Europe
21:09 US BOP deficit
32:45 Russia after USSR
50:20 US junk economy
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https://www.youtube.com/watch?v=K9nbj4X556A
