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Interwar 1919-1931 episode 1:The Looting System
Reading the first two chapters of Michael Hudson’s Superimperialism, we study the transformation of the world financial system after World War I. That transformation is driven by a surprising decision by the US to insist on repayment of its loans to its allies, which in turn leads the allies (UK and France) to insist on … Continue reading "Interwar 1919-1931 episode 1:The Looting System"
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By Reading the first two chapters of Michael Hudson’s Superimperialism, we study the transformation of the world financial system after World War I. That transformation is driven by a surprising decision by the US to insist on repayment of its loans to its allies, which in turn leads the allies (UK and France) to insist on … Continue reading "Interwar 1919-1931 episode 1:The Looting System"