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Defeat of the West – Michael Hudson and Lena Petrova on Davos Panic, Destruction of the EU & Economic Collapse
['Yves Smith', 'Lyman Alpha Blob']
naked capitalism
We’re witnessing a structural transformation of the world economy and the global balance of power.
What you’re seeing in the United States is that they do not have to pay monopoly prices for privatized transportation.
The neoliberal model of the economy that the United States represents is a high-priced economy, but it’s not a high-value economy.
The United States said, “You stay out of our territory, we’ll stay out of your territory.”But the United States has no intention of staying out of the Eastern Hemisphere’s territory.
It’s made sure that the only officials in charge of foreign policy are servants of the United States, not Europe.