Super imperialism : the origin and fundamentals of U.S. world dominance / Michael Hudson.

Format:

Book

Author/Creator:

Hudson, Michael, 1939-

Language:

English

Subjects (All):

Imperialism.

International finance.

United States--Foreign economic relations.

United States.

United States--Foreign relations.

Physical Description:

1 online resource (448 p.)

Edition:

2nd ed.

Other Title:

Origin and fundamentals of U.S. world dominance

Place of Publication:

London ; Sterling, Va. : Pluto Press, 2003.

Language Note:

English

Summary:

"Michael Hudson's brilliant shattering book will leave orthodox economists spluttering. Classical economists don't like to be reminded of the ugly realities of Imperialism. 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 Wave This new and completely revised edition of Super Imperialism describes the genesis of America's political and financial domination. Michael Hudson's in-depth and highly controversial study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception which -- he argues -- were intended to preserve the US's financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world's poorest countries have been plunged into insurmountable debt crises. Hudson's critique of the destructive course of the international economic system provides important insights into the real motivations at the heart of these institutions - and the increasing tide of opposition that they face around the world.

Contents:

Intro

Contents

Introduction

1. Origins of Intergovernmental Debt, 1917 21

2. Breakdown of World Balance, 1921 33

3. America Spurns World Leadership

4. Lend- Lease and Fracturing of the British Empire, 1941 45

5. Bretton Woods: The Triumph of U. S. Government Finance Capital, 1944 45

6. Isolating the Communist Bloc, 1945 46

7. American Strategy within the World Bank

8. The Imperialism of U. S. Foreign Aid

9. GATT and the Double Standard

10. Dollar Domination through the International Monetary Fund, 1945-46

11 Financing America 's Wars with Other Nations ' Resources,, 1964 -68

12. Power through Bankruptcy, 1968 70

13. Perfecting Empire through Monetary Crisis, 1970 72

14. The Monetary Offensive of Spring 1973

15. Monetary Imperialism: The Twenty- first Century

Notes

Index

Acheson,Dean

103

105

147

Ackley,Gardner 227

Adler,John H. 194

Afghanistan 32

Africa

192

224

243

259

Agricultural Adjustment Act [1933]

Agricultural Adjustment Act [ 95

Agricultural Adjustment Act [ 107

Agricultural Adjustment Act [ 112

Agricultural Adjustment Act [ 217

Agricultural Adjustment Act [ 260

Agricultural Adjustment Act [ 270

Agricultural Adjustment Act [ 379

Agricultural Trade Development Assistance Act 229-32

agriculture

211

and development lending 187-8

and development lending 190-1

and development lending 192

and development lending 193

and development lending 194-5

subsidies 25

Aldrich,Winthrop

269

277

Allende,Salvador 9

American Bankers Association 168

American Economic Association 7

American Selling Price [ASP] 330

American Tariff League 250

American War of Independence 42

Anaconda Company 245

Andrew,A.Piatt 40-1

Anschluss 115

Appropriation Bill 122.

Argentina

95

145

189

203

270

281

385

armaments loans

1

3

40-2

Asian Development Bank

204

240

380

Atlas,Z.Y. 164

Auld,George 49

austerity programs

austerity programs xii, xii

austerity programs xii, 384-5

Australia

280-1

285

302

363-4

Austria

42

115

336

Baker,Newton 61

Baldwin,Stanley 59-60

Balfour note 48

Bank for International Settlements [BIS]

96

368

Bank for Reconstruction 164

Bank of England

5

18

134

135

306

Foreign Exchange Pool 132

Bank of France 103

Bank of Italy 306

Barkley,Alben 13

Barrett,M. 318

Baruch,Bernard 105

bauxite 246

Beard,Charles 3

Belgium

52

104

346

365

Bell,Daniel W. 184

Benson,E.J. 311

Bevin,Ernest 135

bimetallism 93-4

birth control

200-5

212-13

214

232

Bizot,Jean J. 95

Black Friday 69

Black,Eugene 184

Blessing,Karl

296-7

339

Bolivia

245

246

bond issues

58

59

63-4

Bonnet,Georges 103

Boothby,Robert 271

Borah,William E.

Borah,William E 74

Borah,William E 113

Brand,Robert 135

Braun,Fernand 330

Brazil 244-5

Bretton Woods

137-40

144-60

265

and paper credit 313

and reconstruction loans 157

and reconstruction loans 158

and reconstruction loans 160

and reconstruction loans 163

and reconstruction loans 185

and reconstruction loans 192

and Soviet Union 162-3

and U.S.balance-of-payments 158-60

European support for 155-8

U.S.objectives 146-52

U.S.objectives 276

U.S.objectives 277

Britain and Bretton Woods

70-1

133

144-7

149

150

155-8

160-1

221

271

273

278-80

304

and Common Market 343

and Common Market 374.

and debt to U.S. 6

and debt to U.S. 46

and debt to U.S. 76

and debt to U.S. 84-5

and debt to U.S. 98-9

and debt to U.S. 100-1

and debt to U.S. 145

and deflation 67

and deflation 74

and deflation 145

and foreign debt 145

and free trade 250

and free trade 380

and grain market 261

and Lend-Lease aid 128-9

and Lend-Lease aid 378

and rearmament 282-3

and South African gold 121

and U.S.textile quotas 330

and World Bank 179

and World Bank 182

as debtor 282-3

as world banker 4

as world banker 56

as world banker 386

defense system 296

economic power broken by U.S. 133-5

economic power broken by U.S. 266-7

economic power broken by U.S. 268-73

export trade 277

export trade 278

gold standard 71

gold standard 74

gold standard 76

gold standard 82

IMF loans 271

IMF loans 284

IMF loans 304

IMF quota 280-1

interest rates 18

interest rates 67

memorandum on economic policy 93-4

opening up empire to U.S.trade 10-11

opening up empire to U.S.trade 123-5

opening up empire to U.S.trade 127

opening up empire to U.S.trade 270-1

relations with U.S. 72-3

relations with U.S. 119-20

relations with U.S. 134-5

relations with U.S. 149

revaluation 346

selling off assets 119

selling off assets 120

selling off assets 123

settlement 46

settlement 87-8

settlement 90

settlement 91

settlement 98-9

settlement 100-1

settlement 266-7

settlement 269

sterling British Labour Party 267

transfer of assets 127

unemployment 345

veto powers 281

British Loan

12

13

132

229

268-9

conditions 11

conditions 269-70

conditions 271

conditions 272-3

conditions 378

conditions 380

Brookings Institution.

74

322

Brown,Edward E.

Brown,Edward E 165

Brown,Edward E 166-7

Brown,Edward E 183

Brown,William

107

110

Bullitt,William C.

Bullitt,William C 172

Bullitt,William C 174

Bundesbank

367

Bunny ,the

98

Burckhardt,Jacob

30

328

Burke-Hartke bill 369

Burma 132

Burns,Arthur F.

Burns,Arthur F 329-30

Burns,Arthur F 358

Bush,G.W.x Byrnes,James

183

272

Cambodia 291

Canada

26

and Gold Pool 302

and IMF 280-1

and U.S.Treasury securities 311-12

exemption from U.S.import surcharge 345

floating currency 346

loan to Britain 269

tariff deals with U.S. 263

Carey,Henry 1

Cary,John 137

cashing in for gold

and U.S.Treasury securities ix, xi

and U.S.Treasury securities ix, 321

and U.S.Treasury securities ix, 323-4

and U.S.Treasury securities ix, 335

and U.S.Treasury securities ix, 383

and U.S.Treasury securities ix, 385

and U.S.Treasury securities ix, 387

, xi

, 334

, 339

, 349

Castro,Jose de 216

central banks

16-20

385-6

and currency stabilization 274

and currency stabilization 277

and currency stabilization 295

and Eurodollars 322-3

and gold 16

and gold 17

and gold 158-9

and gold 296

and gold 306

and gold 310

and gold 312

and gold 318

and surplus dollars ix, 20

and surplus dollars ix, 158-9

and surplus dollars ix, 310

and surplus dollars ix, 385

frozen reserves 357

investment fund 357

Ceylon 195

Chamberlain,Neville

91

Chapultepec Conference 254

Chicago School

4

33

382

387

Chile

9

31

193

371

Christian Workers Confederation,Latin America 216

Churchill,Winston

109

120-1

124

128

129

172

Citibank 358.

Clarke,Richard 134-5

Clayton,William L.

Clayton,William L 133

Clayton,William L 134

Clayton,William L 183

Clayton,William L 184

Clayton,William L 185-6

Clayton,William L 228

Clayton,William L 284

Coffin,Frank 244

Cold War

162

173-5

286

and foreign aid 238-42

and foreign aid 244

and U.S.balance-of-payments 12-14

and U.S.balance-of-payments 15

and U.S.balance-of-payments 18

and U.S.balance-of-payments 26

and U.S.balance-of-payments 28

and U.S.balance-of-payments 175

and U.S.balance-of-payments 322

and U.S.balance-of-payments 355

end of 373-5

Collado,Emilio G.

Collado,Emilio G 183

Collado,Emilio G 184

Colombia

193-4

195-6

Commodity Credit Corporation [CCC]

234

Common Agricultural Policy [CAP]

223-4

343

356

359

369

374

Common Market

and dollar surplus 359

and SDRs 314-15

and U.S.farm exports 24

and U.S.farm exports 335-6

and U.S.farm exports 342-3

and U.S.farm exports 345

and U.S.farm exports 346

and U.S.farm exports 369

and U.S.investment in Europe 295-6

and U.S.quota threats 330

Associate Membership status 34

Associate Membership status 224

Associate Membership status 243

Associate Membership status 244

Associate Membership status 259

Associate Membership status 369

expansion 347

expansion 369

financial and trade retaliation 251

financial and trade retaliation 331-4

Commonwealth 71

Communist Bloc,isolation of 162-75

Condliffe,J.B. 7

Connally,John

245-6

335

342-3

345

'Cooley loan ' sales 230

Coolidge,Calvin 74

Coombs,Charles 367-8

Cooper,Richard 363

copper

225

Corn Laws

repeal of 380

Coulondre,Robert 95

Council on Foreign Relations

13.

119.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

1-78371-400-X

1-84964-173-0

OCLC:

654104799