Saturday, July 30, 2022

The Tragedy Of US Diplomacy

Here is a brilliant analysis of US "diplomacy" by Professor Michael Hudson:

https://thesaker.is/american-diplomacy-as-a-tragic-drama/

I urge you to read the entire piece, but here are two key takeaways:

What is euphemized as U.S.-style democracy is a financial oligarchy privatizing basic infrastructure, health and education. The alternative is what President Biden calls autocracy, a hostile label for governments strong enough to block a global rent-seeking oligarchy from taking control. China is deemed autocratic for providing basic needs at subsidized prices instead of charging whatever the market can bear. Making its mixed economy lower-cost is called “market manipulation,” as if that is a bad thing that was not done by the United States, Germany and every other industrial nation during their economic takeoff in the 19th and early 20th century.

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Sanctions against Russian gas make coal "the fuel of the future".

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If the Davos/WEF beast wins this struggle, we will be in a world of shit. It's difficult to imagine that a world run by Russia and China could be any worse.

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