The balance-of-payments economist speculates that the war in Ukraine “is really a trigger intended to restructure the world economy – and to do so in a way to lock U.S. control over the Global South.” He suggests that Russia and China have an effective counterplan.
Is US/NATO (with WEF help) pushing for a Global South famine?
Published
Tidewater News and Opinion Forum 
Interesting that Putin invades a sovereign, Western leaning country, tries to completely flatten it, then the defenders in Ukraine are Nazis and it, as well as the surrounding nations, are to blame for a famine because the war stopped exports from the breadbasket of half the world.
Aside from the efforts to dig up conspiracies, this is really looney stuff. With the conspiracies, it is ridiculous.
And all this tragedy brought on by a sick dictator trying to recreate a mythical past for a gangster run nation.
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RE: “Aside from the efforts to dig up conspiracies, this is really looney stuff. With the conspiracies, it is ridiculous.”
You should pay attention. Michael Hudson is an influential economist. The key point he makes is that the Global South will be unable to service its debt to the Western banks and pay higher prices for food and energy at the same time. Even if one blindly hates Putin, the looming crisis Hudson describes deserves to be taken seriously.
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I did not say Hudson was wrong about a Global South impact.
What I am saying is that the blame, and the remedies such as they may be, are in the hands of Putin and Putin alone.
Right now he is just destroying everything he can’t control, like a five year old with a tantrum.
This seems oddly familiar. Mussolini walked all over Ethiopia, and with some German assistance, tried to reestablish the Roman Empire.
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RE: “What I am saying is that the blame, and the remedies such as they may be, are in the hands of Putin and Putin alone.”
Perhaps you didn’t read this paragraph:
“The Biden administration blames Russia for ‘unprovoked aggression.’ But it is his administration’s pressure on NATO and other Dollar Area satellites that has blocked Russian exports of grain, oil and gas. But many oil- and food-deficit countries see themselves as the primary victims of ‘collateral damage’ caused by US/NATO pressure.”
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None of which would have occurred if not for the illegal and immoral aggression of Putin.
Mr. Chamberlain is quite proud of you today.
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RE: “None of which would have occurred if not for the illegal and immoral aggression of Putin.”
Would you rather blame Putin while people in the third world die of hunger, or blame Putin while people in the third world eat?
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Putin is holding up the wheat. He either has to be defeated, or he can withdraw. No other way to free up the grains he has control over. I don’t think enslaving 40 million people is a good trade off, particularly if you are one of the enslaved.
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RE: “Putin is holding up the wheat.”
No, he’s not. The U.S./Nato sanctions are holding up Russia’s exports of grain, oil and natural gas. The question at hand is whether the U.S. will use sanctions to prevent the Global South from buying Russian exports.
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“Putin is holding up the wheat.”
What he hasn’t stolen, he has blockaded. Fortunately, Ukraine is finding ways around Putin’s efforts to choke of their exports.
https://farmpolicynews.illinois.edu/2022/05/may-grain-exports-from-ukraine-could-reach-1-5-million-tonnes/
https://www.marinelink.com/news/russia-allegedly-seizes-ships-carrying-495220
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RE: “What he hasn’t stolen, he has blockaded.”
There is no Russian naval blockade of Ukrainian ports. The first of your links is simply wrong. The second is old.
Russia has established two sea lanes for shipping from Ukrainian ports, but Ukraine won’t let them be used because, in part, Ukraine has mined its own territorial waters.
Furthermore, U.S./Nato sanctions are impeding the export of Russian grain, not Ukrainian grain.
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“There is no Russian naval blockade of Ukrainian ports. The first of your links is simply wrong. ”
I do not know where you get your “information” but you need to look elsewhere. RUSSIA says it will only lift its blockade of Ukraine if sanctions are lifted. They are explicitly holding food supplies hostage to their demands.
https://www.euronews.com/2022/05/19/russia-says-easing-ukraine-black-sea-ports-blockade-dependent-on-sanctions-review
https://www.thebulwark.com/russias-blockade-of-ukraines-ports-is-causing-a-humanitarian-disaster/
https://ottawacitizen.com/opinion/morse-the-next-front-in-the-ukraine-war-russias-blockade-of-black-sea-ports
https://thehill.com/opinion/international/3509963-reflagging-ships-could-be-the-answer-to-russias-blockade-of-black-sea-ports/
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“Michael Hudson is an influential economist.”
Says who? You? Him?
At any rate, a piece which ends with the statement. . .
“The main deterrent to this strategy is not U.S. power, for it has shown itself to be a paper tiger.”
is not about economics. It is a straightforward propaganda polemic trying to shift the blame for a looming calamity caused by Putin’s flailing war of choice.
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RE: “Says who? You? Him?”
Says me. Prove me wrong.
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“Says me”
Well, there you go. Case closed.
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In other words, you got nothing.
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“In other words, you got nothing.”
I am not going to get sucked in to trying to prove a negative.
You made the claim, you need to prove it. Or just admit that it is just your opinion. Which you did and I accepted as the end of the discussion. Case closed.
If you want to continue, then provide some evidence that he is an “influential economist” and not just a partisan blogger or an America-hating crackpot. For example, has he been awarded a Nobel prize for his contributions? 89 individuals have been including very conservative economists such as Hayek and Friedman. No sign of this fellow on the list. Has he ever held down an “influential” government post? I don’s think so. I see the heart of his career was in the field of ancient economics. Maybe it his influence on the study of Babylon that you find significant?
Whatever his influence may be in economics, this screed is not about economics.
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