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Quote by Michael Hudson

“The easy kind of liberalism, with its hope for ready-to-hand technocratic solutions to social problems, has led them to support the major way in which liberal institutions among backward peoples can be prevented from evolving. Their support for higher living standards for all has been exploited into de facto support of the oppressive and militarist regimes in backward countries. That indeed has become the purpose of the Malthusianism promoted by the World Bank and the government of the United States. American liberals have been its unwitting allies, and thereby the allies of the world’s most reactionary regimes.”

Quote by Michael Hudson

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Michael Hudson
Michael Hudson

Michael Hudson is a renowned economist, born in 1939. He has conducted extensive research in the field of economics, particularly in finance, real estate, and debt. Professor Hudson has held teaching positions at several prestigious universities and has authored numerous publications on economic theory and policy. more

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“Meanwhile, the US House of Representatives voted in favor of a military budget even bigger than Trump had asked for. And, as Erik Sherman at Forbes magazine eloquently pointed out, 60 percent of the Democrats voted for this outsized military budget which totals $695.5 billion. As Sherman explains, "{i}n other words, of the party that supposedly opposes rampant military spending and the Trump administration, 60% voted for this bill," at a time "{w}hen income inequality combines with systemic and systematic redistribution of virtually all income growth to the wealthiest while their taxes are reduced." Sherman of course hints at a truth which must be accepted- that Democrats are not, and never really have been, a party which "opposes rampant military spending." There is a bi-partisan consensus on such spending, and there is very little debate on lowering it. And this is for a number of reasons, one of which being that military spending is very lucrative for the arms manufacturers who bilk the quite willing Pentagon, and by extension the taxpayers; indeed, these are the biggest welfare cheats who few will acknowledge.”

“Indeed, King said in the same speech, without actually endorsing communism, that, nonetheless, "Communism is a judgement against the US way of life; against its materialism, against the poverty it tolerates in the face of great wealth, against its constant insistence on war, and against our failure to make democracy real and follow through on the revolutions that we initiated." As he explained, "[I]t is a sad fact that because of comfort, complacency, a morbid fear of communism, our proneness to adjust to injustice, the Western nations that initiated so much of the revolutionary spirit of the modern world have now become the anti-revolutionaries." This is undeniably true.”

“Kennan recognized this fact as well, when he said: "Were the Soviet Union to sink tomorrow under the waters of the ocean, the American military-industrial establishment would have to go on, substantially unchanged, until some other adversary could be invented. Anything else would be an unacceptable shock to the American economy.”

“Throughout history, all evil countries with an expansionist militarist mind have been heavily armed under the name of the defense industry. The truth is that there is no distinction between the defense industry and the offensive industry, only the arms industry! Unless the weapon industry is destroyed, humanity will never find peace because if there is a trigger, the one who will pull that trigger will definitely emerge, and the important thing is that the trigger is not produced and if there is one, it is destroyed!”