

Adam Hanieh, "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market" (Verso, 2024)
Nov 2, 2024
Adam Hanieh, a scholar of political economy and global development, dives into the pivotal role of oil in shaping the world market. He discusses the corporate power that influences oil pricing, distribution, and geopolitical dynamics, especially in the Middle East post-World War II. Hanieh critiques simplistic views of oil's impact on climate change and economic crises, and he examines revolutionary movements tied to the oil industry in Saudi Arabia and Iran. The conversation also highlights the shift towards the petrochemical economy and the ongoing significance of 'petrodollars' in global finance.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Intro
00:00 • 6min
The Interplay of Oil, Capitalism, and Climate
05:45 • 14min
The Geopolitical Significance of Middle Eastern Oil in Post-War Power Dynamics
19:26 • 3min
The Oil Shift: Power Dynamics Post-WWII
22:39 • 16min
The Historical Dynamics of Oil and Revolutionary Forces
38:28 • 3min
The Petrochemical Revolution and Global Dynamics
41:39 • 21min
Debt Crises and Misplaced Blame
01:02:42 • 7min
Oil's Power: The Soviet Union's Economic Struggles
01:09:29 • 21min