How to Resist the Empire’s Neoliberal Debt Trap
BY DEE KNIGHT
Photograph Source: Jonas Bengtsson – CC BY 2.0
Michael Hudson has become famous in recent years. The Financial Times credited him with forecasting the 2008 financial crash and its aftermath. His “magnum opus,” Super Imperialism, now in its third edition, was the first explanation of how going off the gold standard in 1972 allowed the US to force other nations to pay for its wars, while becoming indebted to US banks and financial institutions.
Now, in The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism, Hudson provides a series of lectures on neoliberalism to Chinese economic planners, meant as a contribution to ongoing Chinese debates about the direction of the super-successful Chinese economy. (...










