Earlier this week I promised:
… three discussions which progressively widen the focus: from Alex Mercouris on Kiev’s much heralded spring counter-offensive, through Brian Berletic on strategic aspects of Washington’s war on Russia, to Michael Hudson and Radhika Desai on the momentous import of Moscow’s decisive turning away from the West.
“Progressively widen” implies sequence. But to paraphrase Eric’s words to Andre, I’m featuring all the right posts: just not in the right order. Having started two days ago with Brian Berletic rather than Alex Mercouris, here are two North America based professors, albeit ones reaching audiences far beyond academia.
Michael Hudson needs no introduction. A prolific writer – see J is for Junk Economics, Super Imperialism and, more recently, Destiny of Civilisation … and The Collapse of Antiquity – he is featured often on this site. The last book listed, published this March, draws convincing links between the hyper financialisation of the USA and its Western satellites, and the threat – one recognised thousands of years ago in the Near East civilisations – to meaningful democracy posed by failure to write down debt …
… as the ancient Greeks and Romans failed to do, and as Obama failed to do in 2008/9. 1
Relevant to the discussion here is another parallel Michael draws with the ancient world. Just as the legendary efforts of Oedipus to thwart a destiny of parricide and incest expedited precisely those outcomes, so have the actual efforts of Washington, under the stewardship of bipartisan crazies, to maintain dollar rule hastened the demise of the same.
Radhika Desai’s work is new to me but she makes a worthy interlocutor for Michael. I’ll be paying more attention to her from now on.
NB the discussion is for almost an hour but little is lost by listening rather than viewing.
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- Michael Hudson’s arguments in The Collapse of antiquity – comparing today’s hyper financialised West with the decline of ancient Greece and Rome – are summarised in a discussion today on Naked Capitalism.