The American Empire self-destructs by MIchael Hudson.
The economist MIchael Hudson thinks Russia will benefit from the coming economic war..
What it will do is to force Russia to become more Wself-sufficient than it already is and to detach itself from the U.S.-dominated world financial system, and also to make neutral countries more wary.
Any country who gets on the bad side of the United States is subject to having its national assets confiscated, to the degree that they are in banks in the United States, the United Kingdom or other countries subject to U.S. influence.
This happened to Iran, to Venezuela and many other countries, and now it is happening to Russia. The U.K. also is confiscating savings and investments owned by Russian individuals.
In the long run, he wrote, this will force not only Russia and its allies, but any nation that doesn’t want to be under the thumb of the United States, to find an alternative financial system, which the Chinese will be glad to provide. London will cease to be the money-laundering capital of the world.
He said it also will force Russia to invest its revenues from oil, gas and other export industries into building up the nation’s industrial strength, instead of going into the pockets of wealthy oligarchs.
History shows that given a choice between destruction and reform, ruling elites do not necessarily choose reform.
Efforts to decimate Russian economy may boomerang by Sylvan Lane for The Hill.
Economic warfare is mutual destruction. The United States and its NATO allies are in a position greatly damage the Russian economy, despite the Russians’ decade of trying to build up their defenses against economic warfare.
But the United States and its NATO allies also will pay a price. Russia is an important exporter of food and fossil fuels. The first result of an embargo will be big increases in the cost of food, gasoline and natural gas.
Russia’s new foreign policy: the Putin doctrine by Prof. Sergei Karaganov, academic supervisor of the School of International Economics and Foreign Affairs in Moscow.
This is a voice of the Russian academic establishment.
Prof. Karaganov said Vladimir Putin’s policies are the result of a long-term plan to break up the present U.S.-dominated geopolitical order and replace it with one in which the Russian nation and culture are safe. The war in Ukraine is part of this, but only party.
He said Western society is in the process of self-destruction—economically, politically and morally. It also is eager to start a new Cold War with Russia.