{"id":29681,"date":"2022-07-29T10:36:08","date_gmt":"2022-07-29T14:36:08","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=29681"},"modified":"2022-07-29T10:36:08","modified_gmt":"2022-07-29T14:36:08","slug":"michael-hudson-american-diplomacy-as-a-tragic-drama","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2022\/07\/29\/michael-hudson-american-diplomacy-as-a-tragic-drama\/","title":{"rendered":"Michael Hudson: American Diplomacy as a Tragic Drama"},"content":{"rendered":"<p><em>Naked Capitalism <\/em>has republished the article <a href=\"https:\/\/www.nakedcapitalism.com\/2022\/07\/michael-hudson-american-diplomacy-as-a-tragic-drama.html\" rel=\"noopener\" target=\"_blank\">Michael Hudson: American Diplomacy as a Tragic Drama<\/a>. The original, <a href=\"https:\/\/michael-hudson.com\/2022\/07\/american-diplomacy-as-a-tragic-drama\/\" rel=\"noopener\" target=\"_blank\">American Diplomacy as a Tragic Drama<\/a>, is on his web site. <\/p>\n<blockquote><p>\nConfronted with China\u2019s industrial prosperity based on self-financed public investment in socialized markets, U.S. officials acknowledge that resolving this fight will take a number of decades to play out. Arming a proxy Ukrainian regime is merely an opening move in turning Cold War 2 (and potentially\/or indeed World War III) into a fight to divide the world into allies and enemies with regard to whether governments or the financial sector will plan the world economy and society. <\/p>\n<p>What is euphemized as U.S.-style democracy is a financial oligarchy privatizing basic infrastructure, health and education. The alternative is what President Biden calls autocracy, a hostile label for governments strong enough to block a global rent-seeking oligarchy from taking control. China is deemed autocratic for providing basic needs at subsidized prices instead of charging whatever the market can bear. Making its mixed economy lower-cost is called \u201cmarket manipulation,\u201d as if that is a bad thing that was not done by the United States, Germany and every other industrial nation during their economic takeoff in the 19th and early 20th century.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has republished the article Michael Hudson: American Diplomacy as a Tragic Drama. The original, American Diplomacy as a Tragic Drama, is on his web site. Confronted with China\u2019s industrial prosperity based on self-financed public investment in socialized markets, U.S. officials acknowledge that resolving this fight will take a number of decades to play [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-29681","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=29681"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29681\/revisions"}],"predecessor-version":[{"id":29682,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29681\/revisions\/29682"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=29681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=29681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=29681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}