(Essentially, everything we learned in Economics 101+ was and is BULLSHIT! - CL)
MICHAEL HUDSON: Well, in order to maintain the system, you can’t have a rivalry to neoliberalism. There must be no alternative in the United States. Why is it fighting against China? China is an alternative. Russia is an alternative. If the world sees that the US and NATO, Europe are shrinking, and Eurasia is going way ahead, then there obviously is an alternative, and people are going to ask, what makes the Eurasian multipolar development so different from the world that the United States is trying to create, a neoliberal, financialized, privatized world ruling by force and by client military oligarchies?
Read it all at: https://www.unz.com/mhudson/is-neoliberalism-really-dead/