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The Dig: Petro-Imperialism with Timothy Mitchell Part II

Jacobin Radio

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Petro-Wealth and Political Power

This chapter examines the profound influence of oil wealth on political economics, detailing how petro-dollars have shaped neoliberalism and undermined social protections in the U.S. It also explores the implications of rising oil prices on global economies, particularly in the Global South, and the economic dependencies fostered by the oil industry.

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