Friday, June 30, 2023

It's All About Power And Wealth

Here are some observations on the current global conflict from Professor Michael Hudson:

What has occurred is a change in consciousness. We are seeing the Global Majority trying to create an independent and peacefully negotiated choice as to just what kind of an international order they want. Their aim is not merely to create alternatives to the use of dollars, but an entire new set of institutional alternatives to the IMF and World Bank, the SWIFT bank clearing system, the International Criminal Court and the entire array of institutions that U.S. diplomats have hijacked from the United Nations.

The upshot will be civilizational in scope. We are seeing not the End of History but a fresh alternative to U.S.-centered neoliberal finance capitalism and its junk economics of privatization, class war against labor, and the idea that money and credit should be privatized in the hands of a narrow financial class instead of being a public utility to finance economic needs and rising living standards.

Source - https://www.unz.com/mhudson/america-has-just-destroyed-a-great-empire/

Note well - it's got NOTHING to do with democracy and freedom, other than to prevent the rest of the world from ever achieving either one. When it comes to "evil empires", the US is at or near the top of the list.

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