Michael Hudson

Este libro describe cómo el fenómeno de la deflación de la deuda empobrece a las clases medias mientras enriquece al sector financiero rescatado. El sector financiero ha tenido éxito en presentarse

This new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony. Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history.In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency.Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.

AND FORGIVE THEM THEIR DEBTS: LENDING, FORECLOSURE AND REDEMPTION FROM BRONZE AGE FINANCE TO THE JUBILEE YEAR

Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.

El sector financiero ha logrado representarse a sí mismo como parte de la economía productiva, pero durante siglos la banca fue considerada parasitaria, y la esencia del parasitismo no es solo agotar la nutricion del huesped, sino tambien embotar su cerebro para que no reconozca que el parasito esta alli. Esta es la ilusion que gran parte de Europa y los Estados Unidos sufren hoy en dia. El objetivo de Hudson es atravesar esta ilusion y reemplazar la economia basura con economia basada en la realidad, y sostiene que las crisis financieras continuaran a menos que modifiquemos radicalmente nuestras estructuras economicas y politicas, y recuperemos las mejores ideas de la economia clasica. Expone como las finanzas, los seguros y los bienes raices han ganado el control de la economia global, a expensas del capitalismo industrial y de los Gobiernos.El Gran Bono de 2008 salvo a los bancos, pero no a la economia, y hundio a las economias en la deflacion de la deuda y la austeridad, aumentando la riqueza y los ingresos del sector financiero mientras empobrecia a la clase media. Siniestro pero a la vez claro y profetico, Michael Hudson propone soluciones viables a nuestros problemas economicos, en un momento en que los politicos se han mostrado incapaces de comprender la economia, y mucho menos de arreglarla.