Novara Media Downstream: Everything You Know About The Global Economy is Wrong w/ Philip Pilkington
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Jan 22, 2024 Philip Pilkington, macroeconomist and podcaster, discusses the shift from a unipolar to a multipolar world, highlighting China's influence. They explore the Israeli war in Gaza and emerging technologies, as well as the implications of inflation for the US election. The podcast also delves into the ChIPs Act, China's governance model, China's potential future wealth, the Conservative Party, and understanding the dollar-based financial system.
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Multipolarity Defined
- Multipolarity describes a world with several power centers, unlike the unipolar world dominated by the US.
- This shift is accelerated by the war in Ukraine, creating a fluid, distributed power system.
China's Role in Multipolarity
- China's economic and technological rise enables multipolarity by offering alternative trade options.
- This is evident in Russia's ability to withstand Western sanctions by trading with China.
Geopolitics and Economics
- Philip Pilkington's interest in geopolitics grew from his experience in investment management.
- Geopolitical events previously had little economic impact, but now they are crucial for analysis.