USA v China: Michael Hudson 

That'll definitely help those tents we are seeing, those guys living in them, the individual states and the country as a whole.

The elites certainly wouldn't allow it. Spending for the needy mean it's a dollar less for their pockets.

Then, how the hella the us of the a can conquer the world? ha....................

If they do so , their defence industry stock prices will fall ... so no chance

That's just wishful thinking, both Democrat n Republican parties know that the military industrial complex would not allow that to happen, both parties' self-interest politicians are not going to allow themselves to be out of job. No politician in America is going to be elected without money from the powerful lobbying groups; military industrial complex is one such powerful group.

@@Hrrrrrr25847 You don't know?

The British did try after WW2 to plot an independent foreign policy course, but this all fell apart at Suez in 1956. Britain and France, with a secret agreement with Israel to provide cover, tried to recapture by military force the Suez Canal, which had been nationalised by Egypt. Eisenhower forced a withdrawal while the invasion was underway, humiliating its allies. After Suez all three - Britain, France and Israel, changed how they dealt with the USA. It was a major turning point in their histories. Britain decided on the poodle strategy, as you correctly observe - always be America's best and keenest ally. Britain also rapidly accelerated the dismantling of its colonial empire - which gave US interests full access to these territories.

the size of britain have no choice but to fall in line. if you look at history, most powerful and wealthy are always the biggest country in population. industrialization phucked up india and china, given peace time they will get to where they should, just a numbers game.

The role of being american lapdog, that is.

To paraphrase Kissinger, the only thing worse than being America's enemy is being America's friend

Well said Sir.

look at the UK

It is true about EVERYTHING in USA. US health care system is health care BUSINESS, US home insurances is BUSINESS model to scam home owners with legal jargon. US pharmaceutical industry's goal is to make you taking pills for the rest of your life (permanent customer base).... You name it!!!

@Class is Fundamental A big fat elephant know as the neoliberals has fail America.

@@raymondjacinto4880 True,fact is they,the so called neoliberals are Not even True American Patriots,on quite the counterary!

@@pelaubenson1230 Yep! Kleptocrats.

@@raymondjacinto4880 pretty sure the old con, neocon is much better. ha.................................

The ruling elites won't change. Only the people can overthrow them as shown in history in different time and country. The problem is the people of the US is still too rich to rise up and overthrow their ruling elites. The poverty rate is rising but not anywhere near the breaking point. The US will fall and there will be revolution, but not in the near future.

The current mode of the globalization started with the political decision of the United States to stimulate the economic development of Japan so that it become a counterbalance to the Soviet Union and China in the East. As a result, the custom taxes were removed in the United States on the import of several industrial products from Japan notably textiles and consumer electronics. The results were impressive. Japan did propel in its economic development, with the standard of living significantly being improved. Simultaneously, cheap, diligent and industrious Japanese labour ensured, in the labour intensive industries, the very low production costs which benefited the US consumers. Most importantly, the corporations involved enjoyed huge profits . When the salaries in Japan increased, the profits from the labour intensive industries declined. To maintain the profit or the corporations and the flow of cheap import of consumer goods to US, the new pattern of globalization was extended to so called five Asian tigers. The taxes on their export were decreased or removed. As in case of Japan, many industries including garment, textile and consumer electronics moved to those countries. Again, with the rise of labour cost in Asian Tigers, this process was repeated with the inclusion of some other countries, particularly, ASEAN economies and then China and India. Everybody seemed to be happy. The new trend of globalization was eventually legalized in WTO agreements. But there were many seemingly unexpected side effects. Although, many developing economies, mentioned above, and even some developed countries like Germany have benefited from the globalization many other nations and their people have not been so fortunate. For instance, Arab countries, which are not oil producers, were not able to successfully compete in the new open economic environment. Their agriculture has been also damaged by the opening to the highly subsidized agricultural import from developed countries. Resulting deteriorating living conditions was the most important cause of the Arab spring . Similar results of the globalization are evident in many countries in Africa and the Latin America. This trigged many military conflicts in and the waves of immigrants from Africa , the Middle East and Latin America to developed countries both in Europe and America The global elite which has gained tremendously from the globalization is not worry of the plight of developing countries and their people. The immigration is even beneficial to the corporation as it allows to suppress the labour cost in the developed countries. But there have been others unexpected results. Most importantly, with many industries being moved from developed to developing countries, it appears impossible to maintain the level of life the people enjoyed in the second half of the last century in developed countries. Everywhere, the real incomes are going down , people have to pay more and more for the medical care and the education. The discontent is growing all over the wold resulting in backlash against the current economic system. It may be useful to recall that the initial wealth accumulation in the developed world started with the colonization and slavery. Then, it was discovered, that it was much more profitable to import cheap natural resources from developing countries, make value addition through manufacturing and then export back the product at very high price. So called the ceases of prices brought to the developed world even more wealth than the inhuman colonialism. As wealth was created within the countries, it was sheared between the elite and people. This ensured social and economic stability. As many wealth producing industries move from developed countries, there was a hope that the service and financial sectors became the back bone of their economies. However, the current development seems to support the view that the financial and service sectors only create wealth when they are the integral part of the real economy while the financial manipulations and speculations only increase the number of billionaires and the shear of the financial sector in GDP. The fiat currency capital has appeared to not sufficiently trickle down to the real economy to support sustainable development. Neither it has trickled down to the ordinary people with the wealth gap growing all over the wold. With the shortage of the wealth generated nationally it has been compensated by increasing debt. To stimulate the national economy , maintain the standard of living and purchasing power of the population and produce the public goods the governments at all levels and as well as the people have to use more and more borrowing. In some smaller cases, the some national or local debt problems seems possible to be resolved through austerity but there is no much understanding what to do when much bigger countries, states or segments of population are involved. For instant, only US government has accumulated two trillion US$ and does not anything to resolve the problem. There was also a hope that the wealth continued to go to the developed world attracted by the financial centers , tax havens or real estate opportunities. It works but money flow again appears to be insufficient to support the current standard of living and sustain the economic development. Moreover, it is not clear what would happen to this inflows in case of a serious crises. A part of the elite continues to be fully satisfied with the current model of the globalization. This part represents the transnational financial and other global corporations addicted to the profit maximization at any cost. Their CEOs depend on the today's profit for their positions and benefits. Their shareholders are looking to maximize the profit now. These people are not capable to look into the future. The other part of the elite, mostly family owned , is worried of the deteriorating social and economic conditions and the rise of the alternative political forces, both right and left. Most frustrating to the elite is the fact that one of the major results of the globalization has been tremendous shift of the real wealth producing manufacturing industries to China.and the rise in political, economic and ideological strength of the communist China Consequently, the later part of the elite, wants to change the current globalization model and return the wealth producing manufacturing machine back from China and other developing economies. They already have great election successes in US and UK under slogans “America first” and “ UK first”. They also like to review the current economic agreements including those under WTO which so greatly benefited China. These above election victories and the followed actions met with strong resistance from the other part of the elite addicted to the short term profit. This represents a great split of the elite which makes the whole current capitalist economic system weaker. Most likely, it is now impossible to contain China economically even with igniting a trade war as it is already equally strong and in little more than fifteen years China would be two times economically stronger than US. Unfortunately, there might be a desire of the most extreme part of the elite to contain China military. China is now much weaker military then US not speaking of NATO plus Japan. However, China has nuclear deterrence which makes any military conflict absolutely dangerous. Furthermore, Russian military power is still formidable and its position will be crucial in any military confrontation. Combined military power of China and Russia puts them at least on equal foot with US and its potential allies. After the end of the Cold War and the disintegration of the Soviet Union the West discarded Russia as a political or military power and consider it as a devoted Western puppet. It totally ignored the political and economic interests of Russia and actively promoted Russophobia in the former Soviet Republics and beyond. Actually, the Russian establishment which transferred to the West at list one trillion US$ would have been happy to become a part of the global elite. Majority of Russian oligarch moved to the West and even changed their citizenships. However, they all were treated as second class people and were threatened with confiscation and even imprisonment. Not surprisingly, a part of the Russian establishment had become patriotic. When they decided to protect Russian interests the West tried to use its economic power to force it to comply with the West orders. Ironically, anti Russian position of the West including the NATO encirclement of the Russian borders and the economic and political sanctions and pressure had the effect quite opposite to the West expectations and pushed Russia closer to China in all areas. Ideologically, however, China and Russia are on the different sides , especially as Russian Establishment abandoned socialism. So, there are some voices in the West calling for the reload of Russia -West relation in a hope that Russia distances itself from China. However, because of the continuation of the chaotic and unfriendly policy towards Russian it will continue to move closer to China in the near future. It gives China sufficient time to overcame any attempts to its economic and especially military containment.

usa is already beyond saving. the thing is the idea was always bs. capitalism since 1789 was no favor to the workers. it all has to come down and be built over as socialism, but since people cannot see it, one serving of barbarism coming right up.

@@guennadifedorov2239 Where you found this explanation?

Criminals cannot be shamed

Americans needs to listen n learn the truths...

Don't listen too much as you are being misled. You want to know what is happening? listen to world renown names like Peter Zeihan, George Friedman, The Hoover Institute. Peter Zeihan has gained a lot of traction lately as many of his forecast are coming true.

Agreed. It took me over 1 decade to understand the puzzle. Read about Project New American Century.

Thank you, Johnathan Sanders.

In cometary below video presentation of profesor Hudson I can find somuch truth hidden in mass media and also in school system, so I enjoy read commentary like yours, tanks

They thought they could corrupt their way into buying up all of China's essential assets: utilities, heavy industries, banks and take over the country. That's when the Xi jin ping clan came in and restored order and why Xi is now public enemy no1.

Indeed well analyzed, totally agree

The answer is no for one simple reason: the West has no leadership. We have puppets working for oligarchs. None of these clowns feels responsible for anything beyond making a personal fortune.

Doubt we own any of those brands now

Yes, they actually did break down a lot before modernizing mostly under foreign ownerships.

Are you just naming the worst car brands?

That’s anti-intellectual non-sense.

sailing the Mississippi with patrol boats? you'll never understand China if you keep using western lenses. thats exactly why all western prediction about China is incorrect.

China doesn't do imperialism. Did you know that US patrol boats sailed the Yangtze to protect US interests for almost 100 years?

and you carry that same thinking as your old dad is the reason this country is going down. do you want to wake up to a new century or do you want to listen to the fear mongers of Trump or whoever is in power,

@@choikluHmm. The point is being missed. China endured two hundred years of humiliation, falling from the world's largest economy to poverty with constant internal interference by foreigners and occupation by foreign militaries. Now the United States of America is in decline, our standard of living rapidly declining. Will America have the internal capacity to protect Chinese investments within America? Or will China have to send assistance to aid in maintaining the security of China's investments?

@@lynnwood7205 at most Chinese companies will hire Americans to protect their investment in the US if it comes to that. I dont think they will call in the chinese army to protect those investments. Their investment in Africa, Pakistan, Myanmar is solid proof of that

Ascent, not accent. Then don't follow so closely up the ladder.

By behaving like a dog of the US led western countries that used to colonize them.

Radika is an Indian lady