The Grayzone has a video Economist Michael Hudson on new cold war, Super Imperialism, China & Russia, dedollarization.
Max Blumenthal and Ben Norton of Moderate Rebels discuss with world-renowned economist Michael Hudson his concept of US “Super Imperialism,” the new cold war on China and Russia, and the potential end to the dollar as the global reserve currency.
Naked Capitalism includes this in their post Michael Hudson on American as Absentee Landlord on The Greyzone[sic]: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization. They have a slight dissent before the link to the video.
I commented on Naked Capitalism:
Grayzone with an “a”.
Max Keiser is so insistent on selling bitcoin, that I finally could not stand it anymore. I seldom watch the Keiser Report unless someone brings a particular episode to my attention.
What the video talked about China’s methodology at the end is what I have labelled “What Worksism”. I call myself a “what worksist”. If there is a niche in our society where a particular ism would work to make life better, I am for it. Industrial Capitalism in its proper place, Government Socialism in its proper place, and whatever other ism can be thought up.
What the Grayzone does not understand about Modern Money Theory could fill an ocean. Michael Hudson didn’t spend a lot of time trying to straighten them out. Modern Money Theory does not limit itself to governments with sovereign currency. It does explain the additional economic options that come with having a Sovereign currency and debts denominated in that currency. It is worth listening to Fadhel Kaboub talk about the range of sovereignty a country can have.
On Facebook I commented:
Great discussion. At the end they talk about my favorite ism “what worksism”, but they don’t use that term. What the Gray Zone does not understand about Modern Money Theory could fill an ocean, but Michael Hudson doesn’t waste too much time trying to correct them. Michael Hudson’s discussion about Max Keiser was very enlightening even if it went way over the heads of Ben Norton and Max Blumenthal.