Superimperialism book pdf is at
https://gateway.pinata.cloud/ipfs/bafykbzacedibs4toohenrnudw7zzk5zyogqypak6kdh5n3remepofi6bwctce?filename=super-imperialism-the-economic-strategy-of-empire--annas-archive--libgenrs-nf-3355732.pdf
He talks about the balance of payments a lot, and Nixon taking us off the gold standard is why that didn't matter any more. And I am concerned that is his zeal for de-dollarization, which would benefit the nations doing it, and would in his words "constrain" US/NATO ability to operate as a benefit to these same nations abandoning these dollars seems to recklessly assume it. Are you sure the cabal running America right now would constrain military spending? I think they would throw the citizens aside in a heartbeat to maintain control of their primary forces to control others inside the nation and abroad. I think his idea is precipitative for total global conflict.
I started listening to his book to fall asleep but it was too interesting so it kept me awake. As I said I do not understand this stuff but according to him, neither do most economists. He says that most economists analyze the economy as though it is done though barter, as though money and banking does not matter much. I mentioned before how he flunked his PhD orals on banking because he knew how they really worked.
BTW I took one year of econ long ago. I thought micro was OK. I thought macro was some kinda fantasy.
Here is the current version of Super Imperialism, part 1/6 is 3 hours long. I downloaded it using down load helper with Firefox.
https://youtu.be/vc9kF-TPubo[FULL AUDIOBOOK] pt.1/6: Super Imperialism by Michael Hudson
At 5:11 he goes into his initial publications. McNamara pressured Arthur Andersen into not publishing his analysis. NYU did. The NY fed reserve said his NYU analysis was unbelievable, but a leaked internal memo said he was correct.
6:50 The US dept of commerce had changed table 5 of it balance of payments report dealing with foreign aid and other such programs. The new table hid the transfer of money from the foreign countries to the US. Hudson called them.
7:10 Some technician told Hudson that they used to report that data but some joker (Hudson) published a report showing we were actually making money off the aid we were sending so we changed the accounting format so no one can embarrass us like that again. The aid helped US exporters, bankers, and bond holders.
8:00 He said that balance of payments is not taught in schools. As though there was equilibrium.
At 14 min he describes how his first 1972 edition of the book was embraced as a how to manual in DC and wall st. He was hired as a consultant by many including the Pentagon.
He may be saying that de-dollarization will reduce NATO expenditures. We shall see.
It was so easy for me to write of Hudson as a flake as I trigger on commies and socialists and I thought he was one. He took some getting used to. The only suggestions he made, that I recall, were changes to the tax code to tax capital gains but he has little belief that will happen.
Here is an entertaining video on his bio.
https://youtu.be/hH9pzzIIEj4Michael Hudson - Life and Thought 20180507
One disagreement I have with him is his pro govt stance. IMo the US govt is so flakey that is a dumb idea.
I saw the Chinese CCP/CPC standing committee many years ago. 6 engineers by training and 1 economist. How do we hire them? The head of the Russian central bank is apparently a rock star. How do we get her to defect?