The Next Big Idea Daily
How America Weaponized the World Economy
Jun 6, 2024
Georgetown professor Abraham Newman, author of 'Underground Empire,' uncovers how powerful companies control critical sectors in the global economy. Governments like the U.S. strategically use this knowledge to counter adversaries post-9/11. The podcast explores the political risks companies face in their operations and advocates for responsible use of new economic tools for a more secure world.
13:10
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Quick takeaways
- Global economy can be exploited for trade and surveillance purposes by governments.
- Economic tools post-9/11 have unintentionally led to state-driven control and fragmentation of globalization.
Deep dives
Globalization and State Control
The podcast discusses how the interconnected nature of the global economy can be used for both trade and surveillance/control purposes. It highlights the concentration of power in a few key companies, leading to choke points that governments can exploit. The US government, post-9/11, leveraged these connections to understand and target adversaries by utilizing systems like SWIFT. This has turned the global economy into a battleground where firms must navigate political risks in their operations.
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