The 1930s: A Time of State Intervention

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The Roosevelt administration considered taking a direct state stake in Saudi oil. It's a really strange and interesting window into a sort of new deal inflected empire building. But it didn't happen thanks to business opposition. How did the US role in Saudi Arabia shape and reflect the US's emergence as a global hegemon?

Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The first of a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system. Support this podcast at Patreon.com/TheDig Subscribe to n+1. Go to nplusonemag.com/thedig and enter THEDIG at checkout