"When Biden gave his speech last week, there was a very marked change, right in the middle of it. The very beginning was very calm, offering means of improvement for the American economy, and a set of proposals that were so wonderful that they don’t have the chance of being enacted. And that was simply to co-opt what calls itself the left wing of the Democratic Party, if that’s not an oxymoron. And when all of a sudden, his body language changed, his voice changed, and there was just an anger towards Russia and towards China, a visceral anger that brought back the whole 30 years of his tenure in Congress... he’s escalating the cold war against Russia and China, in the belief that somehow if he can impose sanctions and punish them economically, that will lead to a fall of the government. Well, you can see what he’s projecting here."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesNon-fiction authors from the United StatesEducators from the United StatesHistorians from the United StatesEconomists from the United States
Original Language: English
Available Languages (1)
Sources
The World’s Absentee Landlord, michael-hudson.com (13 May 2021)
https://en.wikiquote.org/wiki/Michael_Hudson_(economist)
Revision History
No revisions have been submitted for this quote.
Categories
Michael Hudson (economist)
56 quotes on TrueQuotesView all quotes by Michael Hudson (economist) →
Related Quotes
"This is what John Perkins’ book (2004) about being an economic hit man for the World Bank is all about. He realized t…"
"The countries have been suffering from and , just like England and the United States have been devastated by neoliber…"
"The central claim of today’s neoliberal economic orthodoxy is that all problems are caused by labor being too greedy,…"
"To the deficit commission, a depression is the solution to the problem, not a problem."
"Well, companies themselves have been causing this crisis as much as speculators, because companies like Amazon, like …"
"The job of the Federal Reserve is to increase the price of wealth and stocks and real estate relative to labor. The F…"
"You could say that GDP (National Income) and prosperity and wealth grows fastest when income tax rates are highest. A…"
"The Deep State is reacting with shock at how this right-wing real estate grifter has been able to drive other countri…"
"The Neocons who Trump has appointed are accomplishing what seemed unthinkable not long ago: Driving China and Russia …"
"The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same…"