Why the US had a great 2023, and other underreported stories
Dec 21, 2023
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The podcast discusses the underreported stories of 2023, including the ongoing civil war in Myanmar, the disconnect between perception and reality of the US economy, America's strategic advantage in energy, political turmoil in France over immigration laws, and political developments in Europe, Yemen, and Gaza.
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Quick takeaways
The conflict in Myanmar has taken a new trajectory, with ethnic minorities launching a major offensive against the military regime, raising questions about the regime's ability to hold on to power.
Contrary to popular commentary, the US is economically thriving with a predicted annualized growth rate of about 5% and maintains advantages in the geopolitical sphere, positioning the country strategically for the coming years.
Deep dives
Unreported story: The ongoing civil war in Myanmar
The civil war in Myanmar, which started in early 2021, has taken on a new trajectory in the last half of the year. Ethnic minorities in peripheral regions have launched a major offensive against the military regime, gaining momentum and taking key territories. This offensive has raised questions about the military regime's ability to hold on to power. The conflict in Myanmar, which has been largely overlooked, has significant implications for regional and international players, especially China.
Underreported story: The positive state of the US
Contrary to popular commentary, the US is doing well in several aspects. Economically, the US is outperforming many European countries, with a predicted annualized growth rate of about 5% and low inflation. The US dollar remains strong, and the country has the fiscal firepower to support its industries, particularly in the context of the energy transition. The US also maintains advantages in the geopolitical sphere, especially in its handling of China and the Middle East. Despite some challenges, the US is strategically positioned for the coming years and enjoys certain structural advantages.
Downward move: Emmanuel Macron
Emmanuel Macron's recent success in passing immigration laws came at a political cost. Divisions within his coalition were exposed during the parliamentary process, with a significant rebellion among his own coalition members. The support of far-right leader Marine Le Pen further cemented her party's influence and created unease within Macron's camp. The passage of the law has highlighted the challenges Macron faces in managing his coalition and maintaining a parliamentary majority.
Upward move: Ursula von der Leyen
Ursula von der Leyen deserves recognition for the successful agreement on the European Union's migration pact. After years of negotiation, the pact was approved by European leaders and the European Parliament. This achievement marks an important step in addressing migration issues in Europe and reflects von der Leyen's role as the representative of the European Union. The agreement strengthens the European Union's approach to immigration and demonstrates progress in a significant policy area.
In today's episode Rory and Zac sit down to discuss their underreported stories of 2023 and - for the last time this year - make changes to the World Leader Leaderboard.