Super Imperialism by Michael Hudson
The Economic Strategy of American Empire
A critical economic history arguing that after World War II the United States established a new form of informal empire by using the dollar’s role as the world’s reserve currency, control of international financial institutions, and military power to extract wealth and sustain persistent deficits funded by foreign creditors. The system allows the U.S. to impose creditor-friendly policies, compel debtor nations into austerity, refinance its liabilities at others’ expense, and channel global trade and investment to benefit American finance and industry. The book traces how institutions like the IMF and World Bank and arrangements such as the petrodollar reinforce this dominance and warns that financialization and debt dependency undermine sovereignty and development in other countries.
- Published
- 1972
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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- Alternate Titles
- - Super-Imperialism
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