Michael Hudson: Why the US has a unique place in the history of imperialism , Russia, US

Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with postindustrialization, and the role of neoclassical economics in all this. He is President of The Institute for the Study of LongTerm Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of SuperImperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), and forgive them their debts (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 2009) and of The Myth of Aid (1971), amongst many others. 00:00 Highlight 00:55 Introduction 05:34 World Bank 18:51 US Europe 21:09 US BOP deficit 32:45 Russia after USSR