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OpEdNews Op Eds    H3'ed 5/18/14

The New Cold War's Ukraine Gambit -- Analysis by Michael Hudson

By Michael Hudson  Posted by lila york (about the submitter)       (Page 1 of 1 pages) (View How Many People Read This)   2 comments
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Flag at Maidan Nezalezhnosti, main Kiev, Ukraine square
Flag at Maidan Nezalezhnosti, main Kiev, Ukraine square
(Image by Photo by Halibutt, WIkipedia Commons.)
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Finance in today's world has become war by non-military means. Its object is the same as that of military conquest: appropriation of land and basic infrastructure, and the rents that can be extracted as tribute. In today's world this is taken mainly in the form of debt service and privatization. That is how neoliberalism works, subduing economies by indebting their governments and using unpayably high debts as a lever to pry away the public domain at distress prices. It is what today's New Cold War is all about. Backed by the IMF and European Central Bank (ECB) as knee-breakers in what has become in effect a financial extension of NATO, the aim is for U.S. and allied investors to appropriate the plums that kleptocrats have taken from the public domain of Russia, Ukraine and other post-Soviet economies in these countries, as well as whatever assets remain.


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(If you experience a problem with this link, the article is also published on Mr. HHudson's blog Here: click here

(Article changed on May 18, 2014 at 15:42)

 

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