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Title: Super Imperialism: The Origin and Fundamentals of U.S. World Dominance by Michael Hudson ISBN: 0-7453-1989-0 Publisher: Pluto Press Pub. Date: 21 March, 2003 Format: Paperback Volumes: 1 List Price(USD): $35.00 |
Average Customer Rating: 3.33 (3 reviews)
Rating: 5
Summary: Comprehension look at US economic policies
Comment: This is an excellent book studying the role US debt and the dollar plays in international economics and how it explains the role the US enjoys as world superpower. It is especially relevent today during times of US economic crisis and a collapsing dollar, which is explained and also predicted by Hudson in his book! A must for understanding the historical development of US super power, and how this power may end due to economic polices which are untenable in the long run.
Rating: 1
Summary: Short on fact, long on twisted fantasy
Comment: I would rate this book zero stars if it were possible. Simply put, the author cites "facts" that are historically incorrect or that cannot be verified by any source. This book is simply pre-1950 Stalinist rhetoric.
Rating: 4
Summary: Useful survey of US ruling class
Comment: Hudson is a Wall Street economist who used to work at the Chase Manhattan Bank. In Part One, he describes the rise of the American empire. Part Two describes its institutions: the US-controlled World Bank, the World Trade Organization and the International Monetary Fund, which all benefit the USA. The US has the sole veto power in all three. Part Three describes what Herman Kahn called 'the greatest rip-off ever achieved', the way the US's ruling class levies us all to pay for its aggressive wars, just as the Roman Empire levied tribute to pay for its constant wars. Similarly Britain, Germany and Japan all pay for the US's military bases in their countries.
In 1945, as in 1918, Britain led Europe's capitulation to the USA's debt demands. The British ruling class chose dependency on the US ruling class. The USA insisted that Britain ended the sterling bloc, accepted IMF controls, did not impose exchange controls, and did not devalue. As Hudson writes, "The Anglo-American Loan Agreement spelled the end of Britain as a Great Power."
The 1945-51 Labour government's huge spending on unnecessary imperial, counter-revolutionary wars robbed our industry of investment. This excessive military spending meant that we had constantly to borrow from the IMF, increasing our dependence on the USA. Now Britain is the USA's Trojan horse in Europe, against Britain's interests.
Hudson immodestly claims that his analysis supersedes Lenin. He says that the US national government's interests, not the private interests of the capitalist class, drive the system. He claims that the US government subordinates 'the interests of its national bourgeoisie to the autonomous interests of the national government'. But is the US government really independent of the capitalist class? How 'autonomous' are these interests?...
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Title: Incoherent Empire by Michael Mann ISBN: 1859845827 Publisher: Verso Books Pub. Date: October, 2003 List Price(USD): $25.00 |
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Title: Contours of Descent: US Economic Fractures and the Landscape of Global Austerity by Robert Pollin ISBN: 1859846734 Publisher: Verso Books Pub. Date: September, 2003 List Price(USD): $21.00 |
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Title: The Sorrows of Empire : Militarism, Secrecy, and the End of the Republic [The American Empire Project ] by Chalmers Johnson ISBN: 0805070044 Publisher: Metropolitan Books Pub. Date: 13 January, 2004 List Price(USD): $25.00 |
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Title: The Dollar Crisis: Causes, Consequences, Cures by Richard Duncan ISBN: 0470821027 Publisher: John Wiley & Sons Pub. Date: 25 July, 2003 List Price(USD): $29.95 |
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Title: Empire of Capital by Ellen Meiksins Wood ISBN: 1859845029 Publisher: Verso Books Pub. Date: June, 2003 List Price(USD): $22.00 |
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