Geopolitical Economy Report
Economists Radhika Desai & Michael Hudson explain multipolarity, decline of US hegemony
Jan 13, 2023
Economists Radhika Desai & Michael Hudson discuss the decline of US hegemony, explore the rise of a multipolar world, and highlight the contest between imperialism and anti-imperialism in international relations. They also delve into the economic structures of post World War II United States, the implications of the US debt bubble, and China's success in managing debt through their socialist system.
57:35
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Quick takeaways
- The podcast discusses the rise of a multipolar world order, challenging American attempts to control the international financial system and emphasizing China's successful development model.
- The podcast emphasizes the negative impact of financialization on the American economy, highlighting the influence of financial interests, recurring financial crises, and the need for alternative financial structures.
Deep dives
The failure of American attempts to dominate the world
The podcast explores the United States' unsuccessful attempts to exert dominance over the world and its current position as a declining power. The discussion highlights how American policies have undermined its own economy, increased social inequality, and led to a breakdown of democracy within the country. It emphasizes the failure of American attempts to exert dollar dominance and the negative consequences this has had on the American population.
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