Super Imperialism: The Economic Strategy of American Empire: FIRST EDITION!

Description: TThis is the FIRST EDITION hardcover edition of a book that Terrance McCarthy calls this book "one of the most important books of this century." It is a must-read for anyone interested in economics and American imperialism. It paints a sad and greedy picture of US foreign policy connected to the World Bank. You may be shocked, as I was, to see how devious and heartless our policies were. This highly respected study of U.S. financial diplomacy explores the faults built into the core of the World Bank. Forensic detail reveals how the world’s core economic functions were sculpted to preserve US financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic order has become apparent; the World Bank was set up to give aid to developing countries, but instead, many of the world’s poorest countries have been plunged into insurmountable debt crises.The book became famous for detailing how the removal of the gold standard left the world’s central banks with only one alternative vehicle: to hold their international reserves in U.S. Treasury securities.The result was a self-financing circular flow of U.S. military spending and the investment takeover of foreign economies. The larger America’s balance-of-payments deficit grew, the more dollars ended up in the hands of central banks and sovereign wealth funds. Machiavelli could not have planned it better. By participating in this circular flow, nations in effect financed their own economic and military encirclement. The cover has a few imperfections due to age and regular handling: a small tear at the front top right corner and slightly ragged edges at the top and bottom of the spine. The interior pages are immaculate.

Price: 240 USD

Location: Virginia Beach, Virginia

End Time: 2024-11-20T22:22:38.000Z

Shipping Cost: 0 USD