NATO/West or Global Majority? Unipolar destruction or multipolar development? The world must choose
Nov 29, 2023
auto_awesome
Political economists Radhika Desai and Michael Hudson discuss the fracturing international order between the NATO/West bloc and the Global Majority, analyzing Israel's war on Gaza, Ukraine's defeat in the proxy war against Russia, and the rise of the far-right in Argentina and Europe.
The divide between the US-led West and the global majority reflects a clash between financialized capitalism and developmentalist strategies that prioritize the interests of the majority, impacting geopolitics and issues like climate change and supply chain disruptions.
The pursuit of hegemony by countries like the US, UK, Australia, and France contradicts the idea of national security, creating insecurity domestically and internationally, while countries like China and Russia challenge Western dominance through initiatives like the Belt and Road Initiative and BRICS.
Deep dives
The Global Majority's Pursuit of Development and Peace
The podcast episode discusses the divergent strategies of the US-led West and the global majority, which includes countries like China and Russia. The West, driven by a financialized capitalism, seeks to maintain hegemony and control over the world, prioritizing the interests of big corporations. This is evident in their pursuit of wars and their exploitation of resources. On the other hand, the global majority focuses on developmentalist strategies that prioritize the interests of the majority, aiming for mutual gain and peaceful coexistence. The episode highlights how this divide is reflected in various geopolitical conflicts, including the war in Ukraine, Israel-Palestine conflict, and tensions between the US and China. It also emphasizes the impact of these strategies on issues like climate change, inflation, and supply chain disruptions. The podcast suggests that the world stands at a significant crossroads, with Western capitalism showing signs of exhaustion and the need for a fundamentally different approach to secure development and peace for the majority.
The US-led West's Pursuit of Hegemony
The podcast discusses how countries like the US, the UK, Australia, and France are pursuing a strategy of hegemony rather than national security. It argues that their policies aim to open up the rest of the world to the domination of their national money classes, prioritizing the interests of big corporations. This pursuit of hegemony is facilitated through military interventions, exploitation of resources, and control over trade. The podcast highlights how this approach contradicts the notion of national security and creates insecurity both domestically and internationally. It also mentions the increasing resistance from countries like China and Russia, who are challenging Western dominance through initiatives like the Belt and Road Initiative and alliances like BRICS. The podcast suggests that this pursuit of hegemony is not sustainable and emphasizes the need for a shift towards a development-oriented approach that benefits the majority.
The Impact of Divisive Geopolitical Conflicts
The podcast examines the impact of divisive geopolitical conflicts on global dynamics. It focuses on the Israel-Palestine conflict, the war in Ukraine, and tensions between the US and China. The episode highlights the role of these conflicts in deepening divisions within the global community, with countries like Israel becoming a proxy for the US in the Near East. It also discusses how the US-led West's pursuit of control over resources and trade has led to military confrontations and destabilization in various regions. The podcast emphasizes that these conflicts are not only driven by military and political considerations, but also have economic and financial dimensions. It concludes that the resolution of these conflicts and the pursuit of peace and development require an alternative approach that prioritizes mutual gain and cooperation.
The Need for a Paradigm Shift towards Development
The podcast underscores the need for a fundamental paradigm shift towards development and cooperation. It highlights how the neoliberal agenda, prioritizing the interests of big corporations and financialization, has led to the depletion of resources, supply chain disruptions, and insecurity. The episode argues that the pursuit of development and peace requires a focus on the interests of the majority, including addressing climate change, reversing privatization, canceling debt, and restoring government control over resources. It also emphasizes the importance of countries like China, Russia, and the global majority in pursuing an alternative approach that promotes mutual gain and shared development. The podcast concludes that a shift away from the US-led hegemonic agenda and towards a development-oriented paradigm is crucial to ensure a more secure, sustainable, and equitable world.
Political economists Radhika Desai and Michael Hudson discuss the fracturing international order between the NATO/West bloc and the Global Majority, analyzing Israel's war on Gaza, Ukraine's defeat in the proxy war against Russia, and the rise of the far-right in Argentina and Europe.
VIDEO: https://youtube.com/watch?v=Io0H1i7Xf8s
You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode