Michael Hudson: Why the US has a unique place in the history of imperialism? #Russia #US

Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this. He is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others. 00:00 Highlight 00:55 Introduction 05:34 World Bank 18:51 US & Europe 21:09 US BOP deficit 32:45 Russia after USSR 50:20 US junk economy Feel free to connect with us through twitter @indiagloballeft mail: indiagloballeft@