Can’t speak to all theory, but the US government hired Michael Hudson to teach them how Superimperialism works in the 1970s. Apparently the CIA used the book as a manual on how to do dollar dominance better.
Just looked him up, now he’s shilling for industrial capital trying to grift it as the solution to the economic crisis 😂 It’s where we’re likely heading in some areas (Russia is already there, likely Europe and England) but WW1 wasn’t an accident, and neither was it’s end 😉
Yeah, he’s a mixed bag. Sometimes you’ll get very pointed analyses of global economics, sometimes it’s just bs. Apparently his family were Trots so maybe that’s part of it. In part he’s right, in that productive capacities need to be built up and developed, but his insistence on the necessity of “mixed economies” and in some cases industrial capital is definitely off.
Can’t speak to all theory, but the US government hired Michael Hudson to teach them how Superimperialism works in the 1970s. Apparently the CIA used the book as a manual on how to do dollar dominance better.
Makes sense, sadly
Just looked him up, now he’s shilling for industrial capital trying to grift it as the solution to the economic crisis 😂 It’s where we’re likely heading in some areas (Russia is already there, likely Europe and England) but WW1 wasn’t an accident, and neither was it’s end 😉
Yeah, he’s a mixed bag. Sometimes you’ll get very pointed analyses of global economics, sometimes it’s just bs. Apparently his family were Trots so maybe that’s part of it. In part he’s right, in that productive capacities need to be built up and developed, but his insistence on the necessity of “mixed economies” and in some cases industrial capital is definitely off.
A left opportunist just like his family then