Michael Hudson: US imperialism, Krugman, de-dollarization, socialism, Palestine, China.  

a thought: if you had a seller for an item, say, a microphone, you could put an ad on ebay or somewhere where someone would donate $24.88 and to the seller, who ships the microphone to you. so you could have a merch thing where someone could buy you an office chair or a camera or whatever they liked.

no

Cargill: Our taxes, global destruction Minnetonka-based Cargill is often noted as the world’s largest private corporation, with reported annual sales of over $50 billion and operations at any given time in an average of 70 countries. The “Lake Office” of Cargill is a 63-room replica of a French chateau; the chairman’s office is part of what was once the chateau’s master-bedroom suite. A family empire, the Cargills and the MacMillans control about 85 percent of the stock. Not only the largest grain trader in the world, with over 20 percent of the market, Cargill dominates another 12 sectors, including destructive speculative finance, according to “Invisible Giant: Cargill and its Transnational Strategies,” by Brewster Kneen. Taking advantage of the capitalist speculative collapse of 1873, Cargill quickly bought up grain elevators. After vast cooperation with the state-sponsored railroad robber barons, central grain terminals averaged extremely high annual returns on investments of 30 to 40 percent between 1883 and 1889. Cargill hired a Chase Bank vice president to secretly help the corporation through the Depression, writes Dan Morgan in “Merchants of Grain.” “There are only a few processing firms,” and “these firms receive a disproportionate share of the economic benefits from the food system,” states William D. Heffernan, professor of rural sociology at the University of Missouri. Details of Cargill’s price manipulations at the expense of farmers worldwide was documented in the classic study, “Food First: Beyond the Myth of Scarcity” by Frances Moore Lappe and Joseph Collins. They report that Cargill has had a history of receiving elite government price information that should be told to U.S. farmers. That secrecy, along with tax-subsidized market control, enables Cargill to buy from U.S. farmers at extremely low prices and then sell abroad to nations pressured under the same destructive elite corporate control. See the Institute for Food and Development Policy’s Web Site Between 1985 and 1992, the legal entity called Cargill received $800.4 million in tax subsidies via the Export Enhancement Program, a continuation of the infamous “Food for Peace” policy, writes Kneen. Promoted by Hubert H. Humphrey and instituted as PL 480, food became a Cold War tool, i.e. “for Peace.” If we can induce people to “become dependent on us for food,” then “what is a more powerful weapon than food and fiber?” Humphrey declared, according to “Necessary Illusions: Thought Control in Democratic Societies” by Noam Chomsky. Actually, most of the nation recipients of tax-subsidized Cargill food dumping were, and are, net exporters of food already - policies imposed by colonial trading patterns. The food (for Peace) has been bought cheaply by neocolonial regimes, and then sold at a huge discount on the local market - in Somalia, for example, at one-sixth of the local prices. Many examples of these misguided policies can be found in “Betraying the National Interest: How US Foreign AID Threatens Global Security by Undermining the Political and Economic Stability of the Third World,” by Frances Moore Lappe, et al. Cargill’s undercutting wipes out the local farmers’ self-reliance, while the revenues (going to the elite) are tied to required purchases of U.S. weapons, writes Chomsky, citing “The Soft War” by Tom Barry, 1988. But the main beneficiary of “Food for Peace” has been Cargill. Keen writes, “From 1954 to 1963, just for storing and transporting P.L. 480 commodities, the heavily subsidized giant Cargill made $1 billion.” Indian lawyer N.J. Nanjundaswamy reports that a Cargill motto is, “One who controls the seed, controls the farmer, and one who controls the food trade, controls the nation.” Yudof’s recently stated support of federal foreign policy Title XII is another public promotion of the University of Minnesota-Cargill partnership’s raiding of sustainable agricultural cultures. Cargill is such a damaging threat that in Dec. 1992, 500,000 peasants marched against corporate-controlled trade, and the irate farmers ransacked Cargill’s operations. Fifty people were arrested at the partially completed - and subsequently destroyed - seed-processing plant in Bellary, India. In 1996, 1,000 Indian farmers gathered at Cargill’s office and destroyed Cargill’s records. Cargill has been doing bio-piracy, stealing traditional products. For instance, it used Basmati, a rice from India, as its trade name, and the company continues to be one of the main promoters of corporate-driven intellectual property rights. The U.S. Trade Act, Special 301 Clause, allows the United States to take unilateral action against any country that does not open its market to U.S. corporations. The United States, for example, has threatened to use trade sanctions against Thailand for its attempt to protect biodiversity. A bill that has been before parliament in India and promoted by Cargill, “takes away all the farmers’ rights, which they have enjoyed for generations - they will no longer be able to produce new varieties of seed or trade seed amongst themselves,” writes Nanjundaswamy. The research center, Rural Advancement Foundation International, found that “fifteen African states, among them some of the poorest countries in the world, are under pressure to sign away the right of more than 20 million small-holder farmers to save and exchange crop seed. The decision to abandon Africa’s 12,000-year tradition of seed-saving will be finalized at a meeting in the Central African Republic. The 15 governments have been told to adopt draconian intellectual property legislation for plant varieties in order to conform to a provision in the World Trade Organization.” Cargill, with extensive funding from the U.S. Agency for International Development, is also destroying the world’s largest wetland - the Pantanal, in South America - in order to dredge a channel that’s designed for convoys of up to 16 soybean- and soymeal-carrying barges, according to the Institute on Food and Development Policy. Cargill has been on the Council of Economic Priorities’ list of worst environmental offenders. Mother Jones magazine and Earth Island Journal report that Cargill is responsible for 2,000 OSHA violations, a 40,000-gallon spill of phosphoric solution into Florida’s Alafia River, poor air pollution compliance and record-high releases of toxic waste. With help from the Program on Corporations, Law and Democracy, states have recently begun to respond to citizen pressure and revoke corporate charters. The assets of Cargill should be revoked, allowing the citizens of the United States to give farmers the benefits of fair trade instead of Cargill’s secretive policy of tax-subsidized global destruction. yes I have a distant relative who works for the World Bank - the corporate agriculture tied into Cargill.

The bangko sentralng pilipinas have been printing U.S.$ since 2014; Janet Yellen gave permission ❤(CEO Fed. Reserve Bank) therefore BSP is financing terrorism and wars since 2014 at the expense of CIA

I guess we the people are just going to let these dangerous men rule over us? I guess we aren't going to become aware of the political and economic scams that reduce our lives into poor creatures? Oh, okay then we are f**ked. Get ready to whine and act confused. Get ready to wait for the good guy to show up. He won't .

Don't know if I'd go that far, but it's hard to think of anyone who stands convincingly above him in his field. The old bull for sure though 👌

He is not alone ... the interesting thing is that he and other rational economists are all singing the same tune.

All of this is mute until we find out how successful the new BRICS is going to be.

BRICS isn't a socialist model in any conceivable way, not sure why it even matters so much to any of us @@dannysdailys

All of it is moot.

@@dannysdailys don't get your hopes up

​@@dannysdailysthey were already bigger than G7 before the new members joined. Venezuela having great chances to join soon which would basically result in a total energy dominance. People in Europe and the USA need to wake up and stop with silly games like stealing frozen assets. Such action will only result in even more countries turning their back on the West

That’s very true, that’s why I did not hesitate to subscribe, the only Indian channel I subscribed. WION, et al are unfair.

i come here for india self righteous 😂

You mean not playing lap dog for the sahibs

Or Israel

But these kind of people are less than 5% in India and they have ZERO power. Most Indians are now very anti-china.

Totally.

I only have a bachelors in economics. I feel like I’m receiving a post grad supplement like I should’ve done when I listen to him.

"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.

"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.

"Soooo cool this is coming from the great India". Are you kidding me my friend? India is the dirtiest country in the whole world. I wished India could fix the basic problems first.

It has been since it's adoption 400 years ago.

It is!

Try reading the WSWS site.

@@ppazpppaz8618 Sack of crap.

@@ppazpppaz8618 will do

All of this is mute until we find out how successful the new BRICS is going to be.

Hear hear

What every thing we thought we know that is wrong

Dutch farmers and European farmers were up in arms about their traditional crops being sidelined. Does this have anything to do with the world Bank. Also I remember farmers in India having trouble growing traditional crops because of dictates from World bank and a certain American billionaire.Is this true?

Yes

John mearsheimer is a crook

@glennc2144 I think you mean Professor Sachs?

It depends on which countries they're from, those from the US n countries that have benefited immensely from a US imperialism will definitely don't want to khow, those who are victims will certainly want to know about this criminal system

​@@yaoliang1580 I tried to tell the exact thing to people, and the people who really don't want to hear are the ones that have been in this country for the past 20-30 years from Central America. Cause they got it good now and they want it to stay this way.

I need this explained to me in simple terms. So when foreign countries try to get rid of US dollars.. ok wait. First examine why foreign countries have so much US dollars... Is it because they're selling shit that the US buys, and the US buys it in dollars? Ok, so that explains why these countries have so much dollars sitting around. Next question is: why do they need/want to get rid of these dollars? What is the US doing that's making holding US dollars dangerous?

Jai Hinduja. Finish them off.

Every thing you said is my sentiments exactly! Trust me you are not alone 😊 just cannot believe anything you hear on western mainstream media !

Fully agree. I believe that these people represent, regardless of their ideologies, the realist wing of Western thinking. This brand of thinking was virtually absent in major debates in the past, but they are a necessary complement to understanding the world we are currently living in. In that sense, these commentators are like a breath of fresh air. They are pragmatic, eager to see the truth beyond their own niche, and aware of the need for peace and respect for self-determination. Their opinions are much needed today as we witness the material consequences of the wishful-thinking-based neoliberal order unfold.

For the last 70 yrs the west has protected sea trade, that is ending, good luck.

The West gets the more favorable side of trades. It's unequal (16x-48x times).

I am not a Number !

@crispycritter9163 No, you're not, you are a person.

That's Indias fault for allowing USA to influence them. They idolize white people too much

india has no hungry mouth to fed

Bs.

I'd rather be from America that whatever shlt-hole you are from...

It is a mighty Mafia, with an impunity and big deals, wordly deals, how bad can it be?

overworked trying to pay a mortgage? eat/work/sleep......research, what's that!

Views are now >17k. 📽️

​@@rekukuWhite people are eNOT Native to America. Stop the stupidity 😊

Alan Freeman: Is war between China and USA inevitable? Who is threatening the world? Why the US's Decline is NOT China's fault. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-STi5J6ppjvk.html 2023.04.16 (20:58) (Thinkers Forum) ☝️👍👌Must listen! Rare info: Pointed out many historical inaccuracies and wrong analogies in Graham Alison's "Thucydides's Trap" argument on why the war between China and the US is inevitable.

Thanks a lot.

You really need to check out “Steve Keen and Friends”

Dear Fanny, thanks for the super chat, this really means a lot. You would know that we get only about 55% of super chats since RU-vid takes the rest. We generally request bigger donations like this in PayPal. But obviously, some people prefer super chat, so no pressure, if that is the case. In any case, stay in touch. Solidarity.

You're spot on!

What happened to treating economists as economists, and not nationals of their respective states? 🗑️

@@fun_ghoul Because those don't exist in the West and India. You should watch Wion news if you don't get what I mean. Also, the interviewee is one of the rare ones. He wouldn't make it to the mainstream media. And if he does, they have loaded questions to discredit him.

@@PrimeChaosVC Your comment is, like you, pointedly ignorant. Do better, "tongzhi".

Most Indians are not taught to look in the mirror. Instead, they are taught to use their inflated ego as a substitute to the humble mirror. Just look at how Indian politician speak and compare them to how Chinese politician speak.

what self awareness? we indian are very aware india is world’s superpower country.

China is in decline it's propaganda media will show it's economy is doing well it spends more on its internal security than its defence budget.

Caste system and hierarchy

​@@rahulramteke3210Thanks British Empire!

Indians almost totally missing. The BJP and deluded Indians are totally anti left. They are on the right side, and not on any opposing sides that would be WRONG sides

Because it is not practicable to copy that model. In India, there are 99 languages. Plus it has a caste system, that significantly hinders access to "Interoperability".