Wednesday, September 10, 2014

Western humanitarian aid

From N: "Thanks Asad for making that overlooked point about US/European 'foreign aid' as domestic farm subsidy. 
How systematically this works was pointed out by Michael Hudson in the early '70s, but was ignored at the time (apart from getting him fired from JP Morgan) and has continued more or less unchallenged ever since. ('2012' in the url is an upload date for an excerpt from Hudson's 'Super Imperialism', published in 1972.)"