Skip to content

The Ukraine War Seen “from 30,000 feet”

The Ukraine War Seen “from 30,000 feet”

May 1, 2022 SVadmin

Editor’s Note: Sometimes the expression, “the view from 30,000 feet” indicates the largest possible frame of reference we can use to understand the underlying dynamics of a historical event. I thought of this today while listening to the following discussion between the economists Michael Hudson and Richard Wolff. They agree that the Ukraine War is one instance of the larger struggle (a “tectonic shift,” they call it) between the declining unipolar US economic/imperial system and the multipolar Eurasian (European Asian) economic system. In their view, by the imposition of sanctions the US has accelerated its own decline (the decline of the “dollar system”). Absolutely fascinating. Here’s a quote from Michael Hudson, from the larger discussion below (see the video, followed by a link to the transcript):

“Let’s look at this from Russia’s point of view. This is everything that Russia has been aiming at and insisting upon for the last five years. President Putin and Foreign Minister Lavrov have been leading the understanding that the world needs to be de-dollarized, that the United States has declared an economic war against Russia, China and their allies, really against Eurasia.

“So, in effect, by drawing the sanctions — not only the sanctions — but the most important thing is by seizing Russia’s foreign holdings in the United States, its treasury bond holdings and the bank deposits. What the United States has done itself is exactly what both Lavrov and President Xi of China have been saying the world must move towards.

“They’ve been saying we must have a multinational world, multipolar world. We must be de-dollarized. We must cut free of the dollar and isolate, protect ourselves from the United States’ ability to use sanctions, to interrupt our economic activity, to use oil to threaten any country that doesn’t follow U.S. policy from having their energy reserves cut off, to protect countries that don’t produce their own food from being able to buy food and feed themselves.

“If they do something the United States doesn’t like, if they do not open their markets to the United States, if they do not privatize their infrastructure. So everybody thought for the last five years: How will Russia and China and their allies, India, Iran, create this new world order? Well, the United States has accelerated this process.

“It has destroyed itself. The dollar as the standard. It is said whether you’re Afghanistan and we grab all of your foreign exchange reserves, whether you’re Iran, and we grab your reserves, if you’re Venezuela, and we tell the Bank of England simply take all of your gold and confiscate it.

“No bank accounts in the United States are safe. You must withdraw from the dollar in order to avoid the United States doing this to you. What we’ve just done to Russia and what we would like to do to China, is grab all of their wealth and hope that this is somehow going to make them unhappy enough to say, oh, please don’t hurt us anymore. We’ll do whatever you want.

“It’s about neoliberalism. So when Richard talks about the tectonic shift? It’s really a shift between two systems. It’s between the United States pushing neoliberalism on the one hand, and countries following, let’s say, an industrial capitalism evolving into socialism, on the other hand. And all of this has already begun, just as President Putin has said, this war is not about the Ukraine.

“It began a year ago when the United States started the war against Germany and Europe to haul it in. When President Biden insisted that Europe and especially Germany, has to block Nord Stream 2, what he said he has been saying for over a year now: that we want Europe to become dependent on American gas and oil and not on Russian oil, not only because we want the business of the exporting, but we want the ability to control the world oil trade.

“So that if countries do resist neoliberalism, we can cut off their energy supply and we can use Russia as an example of what we can do to Argentina or Latin America or Africa. And I think the Chinese phrase is killing the monkey, killing the chicken to frighten the monkeys. So that’s it.

“You are seeing a fundamental shift, and it’s a shift of economic systems. And the United States has accelerated it. Of course, there’s a transition period with interrupted supply chains. But from Russia’s point of view it just accelerated the Eurasian victory by years.”

(Discussion begins about three minutes in)

The full transcript can be found here:
“Grab Bag Imperialism“

Print Friendly, PDF & Email

Articles, Capitalism, Economics, Military Industrial Complex, Neoliberalism, New Cold War, Russia, Russiagate, Ukraine, Unipolar vs. Multipolar, War

Post navigation

PREVIOUS
Former NATO Analyst & Top UN Official Says THIS Is The REAL Reason For War In Ukraine
NEXT
Bill Clinton Makes a Pathetic Attempt to Retroactively Justify His Decision to Expand NATO

Join Our Mailing List

Comments are closed.

CLICK IMAGE BELOW FOR MORE INFORMATION

DONATE TO THE FOOD BANK OF NEVADA COUNTY

(CLICK IMAGE)

DONATE TO NEVADA COUNTY RELIEF FUND (click image below)

Subscribe to Sierra Voices Journal

Jack Kornfield: A Steady Heart in Time of Corona Virus (Part I)

Erika Lewis, Shaye Cohn, Craig Flory – Got A Mind To Ramble

“Everlasting Arms”

Tara Brach: A Steady Heart in Time of Corona Virus (Part II)

Recent Posts

  • Bill Clinton Makes a Pathetic Attempt to Retroactively Justify His Decision to Expand NATO
  • The Ukraine War Seen “from 30,000 feet”
  • Former NATO Analyst & Top UN Official Says THIS Is The REAL Reason For War In Ukraine
  • DeSantis’ Attack on Disney Shows how Fascism Progresses Toward the Later Stages of Tyranny
  • The Man Who Predicted Russia Ukraine War

Recent Comments

  • Putin in Media Myth and Reality: Which is Which? on Ukraine War: A Bonanza for the Arms Industry
  • SVadmin on Countdown to World War III?
  • Pratima Basu on Scenes From Our Weekend at Lake Tahoe
  • IN PRAISE OF WARRIORS, NOT WAR on Celebrated to Death: Memorial Day Is Killing Us
  • SVadmin on How Suzanne Simard changed our relationship to trees

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • November 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • July 2018
  • June 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • March 2017
  • February 2017
  • January 2017
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • December 2015
  • June 2015
  • May 2015
  • April 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • January 2014
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009

Categories

  • Afghanistan
  • Aging
  • American Empire
  • Anti-Depressant
  • Arms Sales
  • Articles
  • Atlas Obscura
  • Authoritarianism
  • Black Lives
  • Black Lives Matter
  • Blog
  • Buddhism
  • Budget
  • Buskers
  • Capitalism
  • Carbon Offsets
  • Cartoon
  • China
  • Climate Change
  • Compassion
  • Constitution
  • Corona Virus
  • Corruption
  • Cosmology
  • Coup
  • COVID-19
  • Democracy
  • Depression
  • Disenfranchisement
  • Drought
  • Economics
  • Education
  • Election Fraud
  • Empire
  • Environment
  • Extinction
  • Farming
  • Fascism
  • Filibuster
  • Fire!
  • Food Insecurity
  • Foreign Policy
  • Forest Ecology
  • Forest Management
  • Fracking
  • Gardening
  • Gender
  • GOP
  • Great Movies
  • Groundwater
  • Halloween
  • Health Care
  • High Country News
  • History
  • Humor
  • Hunger
  • Idaho-Maryland Mine
  • Ignorance
  • Immigration
  • Indigenous Peoples' Day
  • Insects
  • Israel
  • Labor
  • Lobbying
  • Local
  • Lunar Influence
  • Marijuana
  • Masks
  • Medical Care
  • Men
  • Men's Issues
  • Mental Health
  • Middle Class
  • Military Industrial Complex
  • Mining
  • MMT
  • Modern Monetary Theory
  • Moral Obligations
  • Music
  • Native Americans
  • NATO
  • Neoliberalism
  • New Cold War
  • Nuclear War
  • Nutrition
  • Oligarchy
  • Palestine
  • Pandemic
  • Parenting
  • Peace
  • Pharmaceuticals
  • Physics
  • Poetry
  • Police
  • Politics
  • Populism
  • Press
  • Race
  • Religion
  • Republican Derangement
  • Reviews
  • Revolution
  • Right-wing terrorism
  • Rights of Nature
  • Rise Gold
  • Rivers
  • Romance
  • Russia
  • Russiagate
  • Science
  • Slavery
  • Sleep
  • Smoke Inhalation
  • Student Debt
  • Summer
  • Technology
  • The Hartmann Report
  • Trump Virus
  • Tuba Skinny
  • Tyranny
  • Ukraine
  • Uncategorized
  • Unipolar vs. Multipolar
  • Vaccine Refusal
  • Vaccine Safety
  • Voting
  • War
  • War on Government
  • Water
  • Watersheds
  • Wells
  • Wildfires
  • Winter
  • Women's Issues
  • Work
  • Yemen

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
© 2022   All Rights Reserved.