Скачать или смотреть The ECONOMICS of WAR

The EXPLOITATIVE Economic Strategy of American Empire EXPOSED

Episode 5: A Brief History of War Debts

Since the 14th century, wars financed by subsidies. One country especially, Britain, would subsidize the costs of its allies. We break down the (very important reason) why subsidies were opted for and not loans, and how World War I broke this chain of history.

#shorts #economy #history
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INTRODUCTION TO THE SERIES:

This is the fifth episode of a series I'm doing on "Super Imperialism: The Economic Strategy of American Empire" by professor and economist Michael Hudson.

"Super Imperialism" has it all:
How the current dollar-dominated world monetary system finances the American Empire
How the U.S. succeeded in forcing other countries to pay for its wars
How U.S. military spending drove it into deficit
How the U.S. financially exploits other countries through its deficit siphoning off their surpluses
What needs to be done to create a multipolar world economy

The goal of this series is to present the key points and information in "Super Imperialism". If you want to understand the economic mechanisms of American Empire in more detail, I highly recommend checking out Professor Hudson’s book.