After the sun finally set on the British Empire, the United States emerged in the mid-20th century as the world’s most powerful imperial force. But while the US championed democracy at home, its interventions in the Third World toppled democratically elected regimes that wished to pursue independent policies and propped up regimes willing to align themselves with US business and military interests. After 9/11, the US became embroiled in a series of regime-change wars. It has funded its military expeditions by dominating the global financial system, ensuring the supremacy of the dollar and through debt. The session looks at the political and economic basis of US imperialism after World War II and its effects on the world.
Private: Michael Hudson
Professor Hudson is the author of Killing the Host:How Financial Parasites and Debt Bondage Destroy the Global Economy, and most recently, J is for Junk Economics: A Guide to Reality in an Age of Deception.