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Michael Hudson
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Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominanc Paperback – January 20, 2003

by Michael Hudson (Author)
4.6 4.6 out of 5 stars 85 ratings
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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 WaveThis 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.
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  1. Print length
    448 pages
  2. Language
    English
  3. Publisher
    Pluto Press
  4. Publication date
    January 20, 2003
  5. Dimensions
    6 x 1 x 9 inches
  6. ISBN-10
    0745319890
  7. ISBN-13
    978-0745319896
  8. See all details
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Customers find the book's content enlightening and interesting. They say it provides an incisive analysis of U.S. world domination.

"...Hudson, a brilliant mind and thinker for the ages, provides a groundbreaking analysis in Super Imperialism...." Read more

"...While the book was slow at points, the knowledge obtained was well worth the effort...." Read more

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Customers find the book engaging and worth their time.

"...Super Imperialism is well worth the time spent. Without this perspective one simply does not know American history...." Read more

"...The book is difficult to read and poorly edited, but well worth the effort. Don't hope to read it in a hurry, because it is dense...." Read more

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Top reviews from the United States

  • John Mugge
    5.0 out of 5 stars Review of Super Imperialism
    Reviewed in the United States on July 28, 2012
    Verified Purchase
    Michael Hudson is arguably the preeminent economist of our day. In his writing he points out the various elephants in the room - those so-called free market and free trade economists like to ignore. In Super Imperialism, Hudson demonstrates the major role war reparations and war debt played in the interwar years, and again in the decades following World War II. Others have pointed to these factors, but no one has shown so clearly the central role they have played in the global economy.

    A true look at history should reveal the devastating affects war has on the economies of nations. A real eye opener in this regard is John Maynard Keynes' The Economic Consequences of the Peace. In that volume Keynes showed in stark detail the interconnectedness of the world's economy before The Great War. Seen in that light, the madness of the conflict was even more obvious. And furthermore, the measures needed to restore, not just peace, but any semblance of prosperity, were quite different from those expressed in The Treaty of Versailles, of which Keynes was quite critical.

    And this is the time period where Michael Hudson begins with his book, Super Imperialism. And he takes us from the aftermath of the First World War right up to the 1970s when Nixon took the United States off the gold standard, completing the transition to a global empire combining militarism with deficit financing. The astounding history of the United States during the last century has been one of manipulating for its own purposes international trade and finance, first as the world's greatest creditor nation, and then as the world's greatest debtor nation.

    Super Imperialism is well worth the time spent. Without this perspective one simply does not know American history. The extent to which laissez-faire is mere rhetoric while governments manipulate and bully is surprising, to say the least. Hudson has established well that, at least for the United States, politics, economics, debt, finance, and diplomacy are all warfare by other means.
    4 people found this helpful
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  • Cyril R. Anyaoha
    5.0 out of 5 stars Super Imperialism: How Dr. Michael Hudson Unveils the Strategic Shift Behind U.S. Global Economic Dominance
    Reviewed in the United States on November 4, 2024
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    Dr. Michael Hudson, a brilliant mind and thinker for the ages, provides a groundbreaking analysis in Super Imperialism. He dispels conventional theories on U.S. economic policy and dominance on the global stage post-World War II, offering an in-depth look at how the U.S. transformed from a creditor nation to a debtor nation. This shift, Hudson argues, was a strategic move to establish a U.S.-led global economic order, using its monetary system to achieve worldwide dominance.
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  • Ed Cleaves
    4.0 out of 5 stars Before It’s Time
    Reviewed in the United States on November 3, 2024
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    Although written in the early 1970s, the insights of this book are among recent discussion topics in the 2020s. A historical study with a focus on the 20th century; this book lays out, clearly, the underlying objectives of the IMF and the World Bank. Rather than, purely, altruistic and international institutions designed to preserve world peace and rebuild the global economy after WW2; the United States created a new global financial system that allowed it to gain hegemonic power, dominate world trade, extract labour and natural resources from Europe, Asia and other developing nations.
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  • NeoFeudalSerf
    5.0 out of 5 stars Super Imperialism through Debt
    Reviewed in the United States on September 22, 2012
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    I thoroughly enjoyed reading Super Imperialism by Mike Hudson. While the book was slow at points, the knowledge obtained was well worth the effort. The book starts at the beginning of the 20th century and takes the reader chronologically through time elucidating the consequences of the major economic and geopolitical events of the 1900's related to the thesis.

    Hudson examines the consequences of the following:

    The burden of WWI on the economies of the western world leading to the United States becoming the creditor of Allied Powers and holder of most of the world's gold.

    The breakdown of the world economic order including post WWI Germany and events leading up to the Great Depression.

    WWII and Lend Lease aid to the Soviets.

    The lessons learned from WWI's crushing reparation payments result in the creation of the IMF and World Bank.

    How the U.S. found itself in a position where millions of soldiers were returning to a domestic economy geared for arms production and the switch to post war rebuilding of Europe.

    The inception of the IMF and World Bank and details of how these NGO's are used for imperialism

    The establishment and demise of Brenton Woods.

    The closure of the Gold Window after the Vietnam War spending destroys confidence in the dollar.

    The rise of the petrodollar and briefly touching upon the end of the petrodollar system

    The imperialism of USAID.

    Taken together Super Imperialism is the story of the United States' rise to the apex of economic power becoming the world's major creditor, rebuilding post WWII Europe and Japan, the benefits achieved from the dollar's status as the world reserve currency, to the end of the gold backed dollar through the squandering of the United States finances in Vietnam. The Petrodollar-Dollar system takes hold and the recycling of oil revenues into U.S. Treasuries leads to Super Imperialism by the U.S. now the world's major debtor nation in a sort of too big to fail or if the U.S. crashes the whole world goes down with it scenario.

    Although I read the book a while back, I find myself reflecting back on Mr. Hudson's Super Imperialism regularly. Super Imperialism provides critical insight into the understanding of the economic history of the 20th century.

    Many Americans don't understand the connection between the national debt and Imperialism. The unique ability the U.S. has to fund hundreds of military bases around the world. Why does the U.S. spend more on the military than the rest of the world combined especially when 40% of the budget is borrowed. I look forward to reading Hudson's other book Global Fracture: The New International Economic Order which picks up where Super Imperialism left off.

    Global Fracture: The New International Economic Order
    The Hidden Hand of American Hegemony: Petrodollar Recycling and International Markets (Cornell Studies in Political Economy)
    Petrodollar Warfare: Oil, Iraq and the Future of the Dollar
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  • andrew dw
    5.0 out of 5 stars america before all else
    Reviewed in the United Kingdom on February 6, 2024
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    the title describes the book contents accurately in a world today of growing nationalism what comes next .more of the same?
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  • Cliente de Kindle
    5.0 out of 5 stars Excelente trabajo del Doctor Michael Hudson.
    Reviewed in Mexico on September 6, 2020
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    Espectacular análisis, sin duda el mejor Economista del mundo. Pocos libros tienen esta información, motivo por el cual tengo todos sus libros.
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  • Picturizer
    5.0 out of 5 stars Great book!
    Reviewed in Germany on November 16, 2021
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    Michael Hudson has the rare gift of being able to explain highly complicated economics in a way that regular people get an understanding of how the big corporations turn our system back into a feudal economy.
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  • William Marshall
    5.0 out of 5 stars Ignorance is not bliss.
    Reviewed in Australia on May 31, 2020
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    Hudson has nailed it comprehensively.
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