Super Imperialism

Super Imperialism
Автор книги: id книги: 1618596     Оценка: 0.0     Голосов: 0     Отзывы, комментарии: 0 3855,06 руб.     (38,57$) Читать книгу Купить и скачать книгу Купить бумажную книгу Электронная книга Жанр: Политика, политология Правообладатель и/или издательство: Ingram Дата добавления в каталог КнигаЛит: ISBN: 9781783714001 Скачать фрагмент в формате   fb2   fb2.zip Возрастное ограничение: 0+ Оглавление Отрывок из книги

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This book describes the genesis of America's political and financial domination. *BR**BR*Michael Hudson's study of US financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception which, he argues, were intended to preserve the US's financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become obvious; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world's poorest countries have been plunged into insurmountable debt crises. *BR**BR*Hudson's critique of the destructive course of the international economic system provides important insights into the real motivations at the heart of these institutions – and the increasing tide of opposition that they face around the world.

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Michael Hudson. Super Imperialism

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Super Imperialism

The Origin and Fundamentalsof U.S. World Dominance

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But now the world’s major deficit nation, the United States, flouted this adjustment mechanism. It announced that it would not let its domestic policies be “dictated by foreigners.” This go-it-alone policy had led it to refrain from joining the League of Nations after World War I, or to play the international economic game according to the rules that bound other nations. It had joined the World Bank and IMF only on the condition that it was granted unique veto power, which it also enjoyed as a member of the United Nations Security Council. This meant that no economic rules could be imposed that U.S. diplomats judged did not serve American interests.

These rules meant that, unlike Britain, the United States was able to pursue its Cold War spending in Asia and elsewhere in the world without constraint, as well as social welfare spending at home. This was just the reverse of Britain’s stop–go policies or the austerity programs that the IMF imposed on Third World debtors when their balance of payments fell into deficit.

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