Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third is to permit them to live under their own laws, drawing a tribute, and establishing within it an oligarchy which will keep it friendly to you.”...The US has a different approach to different challengers to its hegemony. Pepe Escobar calls it "the empire of chaos." Michael Hudson called it "super imperialism" decades ago.
Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
Michael Hudson | 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, and Guest Professor at Peking University
America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
Michael Hudson | 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, and Guest Professor at Peking University
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