Super Imperialism

Attrition is a reduction or decrease in numbers, size, or strength: Ex: Our Party has had a high rate of attrition because so many members have moved away.
A gradual reduction in work force without firing of personnel, as when workers resign or retire and are not replaced.
Present-day austerity measures, In economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to try to reduce their deficit spending and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.
Supporters of austerity support a major reduction in government spending can change future expectations about taxes and government spending, encouraging private consumption and resulting in overall economic expansion, but down grading social programs.
I have studied budgets for a while, there is a problem that occurs. What do you do when you have no money for anything and you are legally tied to certain financial responsibilities?
When one does the math one finds there are going to be problems. There will be no money for needed items.
In Cities squalor is promoted by State and federal governments because of under funding. Greece and other nations are blamed for austerity because of the way the political system has supported the banks.
Socialist Parties get the blame for this. There is a false blame there since Western Governments are tied into the IMF and World Bank.
Essentially no government controls its future because the financial forces and the new global system will not allow governments to take social responsibility for it people. It has become impossible for governments to operate with out catering to private interest.
Since we are heading into a jobless society and yet profits are in record by Corporations and billionaires. Cutting the budget to the bone is the only answer. South America is becoming immune to this because many countries are free from the efforts of the international heteronomy.
Monetary hegemony is an economic and political phenomenon in which a nations have no decisive influence over the functions of the national and international monetary system. The functions influenced by a monetary hegemony are:
The direct (and absolute) power to enforce a unit of account in which economic calculations are made in the world economy.
The term Monetary Hegemony appeared in Michael Hudson’s Super Imperialism, which was first published in 1972. Monetary Hegemony describes not only the asymmetrical relationship that the US dollar has to the global economy, but the strictures of this hegemonic edifice that support it, namely the International Monetary Fund and the World Bank. The US dollar continues to control the world economy and is the key currency for medium of international exchange, unit of account (e.g. pricing of oil), and unit of storage (e.g. treasury bills and bonds). This means the end of Democracy for many Nations.
The budgets are no longer controlled by political forces but are controlled and influenced by corporations who seek advantages in maximizing profits at the publics expense.
No political force will be able to control or redeem itself to the massive influence of the monetary and financial system

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2 thoughts on “Super Imperialism

    1. You must be joking if you think America is a Democarcy. Most States have oppressive ballot access laws, Alternative and Indies are censored, the system is ruled by money. Get a flash light and look where the sun never shines.

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