Economist Michael Hudson discusses the update of his book “Super Imperialism: The Economic Strategy of American Empire” and the financial motivations behind the US new…
THE recent announcement by the United States, United Kingdom and Australia of a regional defence pact (AUKUS) which includes the sale of American-made nuclear submarines to Australia caught the French by surprise. France, which had contracted to build conventional diesel submarines for Australia, now effectively lost a contract worth 66 billion dollars. It was “a stab in the back,” said French President Emmanuel Macron. It was not the first time the French had been played out by the Americans.
The American Trap by Frederic Pierucci (London: Hodder and Stoughton, 2019) tells of cooperation between the U.S. Department of Justice (DOJ) and the energy giant General Electric (GE) to waylay and buy out French premium company, Alstom, and how the author was made a pawn in the whole exercise
Meng Wanzhou, chief financial officer of Huawei, recently signed a deferred prosecution agreement with the US and returned to China after being detained in Canada for over 1,000 days. Meng s story reminds many of a similar incident that occurred years ago when the US used its long-armed jurisdiction powers to strike down a senior executive from the French energy and transport company Alstom. Former Alstom executive Frederic Pierucci, who told this story in his book titled Le Piège Américain (The American Trap), talked with the Global Times (GT) reporter Chen Qingqing in the latest interview, sharing his thought on the Meng incident and its significance, especially concerning counteracting the US use of its legal system to wage an economic war.
China s victory on the incident of Huawei s Meng Wanzhou could help slow down the process during which the US uses its legal system to wage an economic war against specific companies and inspire more countries to stand up in counteracting the long-arm jurisdiction of the US, former Alstom executive Frederic Pierucci told the Global Times in an exclusive interview on Friday.
I, like almost all Chinese compatriots, am most delighted that Ms. MENG Wanzhou was able to come home from Canada where she had been under house arrest based on a U.S. extradition request since December 2018. It was a long ordeal for her losing her freedom and missing her family for more than a thousand days!