History

If we’re being honest, it really is lol. If someone invents a time machine in the future, one of the missions will be to stop Hudson from publishing his book.

According to Hudson himself, the US establishment fell into panic mode when Nixon abruptly ended the Bretton Woods in 1971, and presses reported that the American century is about to be over (amidst the other crises like Vietnam War, civil rights movement, trade union movements, the international isolation of the US that would follow in the Bangladesh Liberation War and the Yom-Kippur War, the oil price shock and stagflation from 1973 onwards etc…)

If you read the Foreword from the 2nd edition onward, Hudson wrote that the State Department bought two thousand copies of the book to study how to get out of the empire’s own contradictions. Super imperialism allows the US to export its industries to the rest of the world while crushing the domestic working class movements at home, and real wages began to stagnate since.