Michael Hudson: U.S. New Cold War Policy Has Backfired

Michael Hudson: U.S. New Cold War Policy Has Backfired

Posted: 11 Dec 2014 03:40 AM PST

Yves here. Michael Hudson looks at the way what he calls "the New Cold War" is creating alliances among countries that the US has as designated enemies, when the classic foreign policy playbook is to do everything you can to keep your opponents isolated. One thing that is striking about the US decision to escalate against Russia is that it's not at all clear what the trigger was. And that raises the possibility that these hostilities were instigated out peeve, or what one might more politely call imperial reflex, reflecting the belief that Russia needed to be punished for its various sins, such as supporting Iran, outmaneuvering the US in Syria, and harboring Snowden. And the assumption appears to have been that Russia could be taken down a notch or two on the geopolitical stage at no cost to the US. Hudson explains that the reverse is proving to be the case.http://www.nakedcapitalism.com/2014/12/michael-hudson-u-s-new-cold-war-policy-backfired.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29