The capture of Venezuela’s Nicolás Maduro by the United States feels like confirmation that we are in a new era of global politics, but what has caused this shift and where does it leave Europe?
Amol speaks to Professor Helen Thompson, an expert on the history of globalisation and author of Disorder: Hard Times in the 21st Century, about how oil is fuelling competition between the US and China.
They explore how it’s reshaping global power politics, whether it's possible for Europe to decouple from the US and why high levels of national debt threaten to undermine Western economies.
And Helen, who is Professor of Political Economy at the University of Cambridge, explains why she thinks there is a case for potentially reversing the independence of central banks like the US Federal Reserve and the Bank of England to give politicians more control.
(00:05:11) What is the Western Hemisphere?
(00:07:45) The importance of Venezuela
(00:11:05) How and why Washington is putting pressure on China
(00:19:30) Why Trump is inspired by the US in the late 19th century
(00:25:08) The rules based international order
(00:29:00) Where does Europe fit into this new world?
(00:30:52) Can Europe break away from the US?
(00:33:30) Oil and the Western Economic Crisis
(00:37:40) How is oil effecting power politics today?
(00:40:40) What about renewable energy?
(00:43:58) The coming debt emergency
(00:46:30) Helen's RADICAL ideas
(00:56:02) Amol's reflections
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Episodes of Radical with Amol Rajan are released every Thursday and you can also watch them on BBC iPlayer: https://www.bbc.co.uk/iplayer/episodes/m002f1d0/radical-with-amol-rajan
Amol Rajan is a presenter of the Today programme on BBC Radio 4. He is also the host of University Challenge on BBC One. Before that, Amol was media editor at the BBC and editor at The Independent.
Radical with Amol Rajan is a Today Podcast. It was made by Lewis Vickers with Anna Budd. Digital production was by Gabriel Purcell-Davis. Technical production was by Jonny Hall. The editor is Sam Bonham. The executive producer is Owenna Griffiths.
