Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses. Countries that
Continue readingAuthor: Michael Hudson
Canadian Dimension: Trump’s Trade Threats are Really Cold War 2.0
Photo by Michael Vadon President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology. Some meeting between Chinese and U.S.
Continue readingCanadian Dimension: Monetary Imperialism
Photo by Chris Dlugosz In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since
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Photo by Des Byrne
The Guns and Butter Interview
Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enfor…
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