ENGLISH

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

By Michael Hudson

Book information

Publisher
Pluto Press
Year
2003
ISBN
9780745319902, 0745319904, 0745319890
LCC
HF1455 .H782 2003
Open Library ID
OL3553768M
Language
english
Format
PDF
Filesize
17 MB (17764674 bytes)
Edition
2
Pages
444\444
Topic
Economy
Time added
2010-05-17 00:23:50

Description

Michael Hudson has been a voice in the wind since the first Edition of Super Imperialism in 1973.. He has been blackballed, ridiculed & ostracized by mainstream economists. Why? Because he challenged conventional wisdom that Balance of Payments deficits were an anomaly & then later in history as "natural" .. Pure garbage. Wall street has gained the upper hand by maintaining the dollar as the world reserve currency. Hudson emphasizes the military nature of propping up the dollar. What he means by "Super" in Super Imperialism is the fact that Central Banks & Sovereign Wealth funds have absorbed inflationary US Treasury bonds/bills i.e., tribute has been paid by foreigners for the US to maintain global hegemon status while artificially propping up the domestic economy. Interestingly, the "09" August/September Issue of Foreign Affairs frankly discusses issues which Hudson has been writing about for 40 years. A whole subsection of economic thought could be based on Hudson's research. I highly recommend MH's website.... view his curriculum vitae/working papers etc to gain further insights.

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