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Upstream

[TEASER] Oil, Monopoly Capitalism, and Imperialism w/ Adam Hanieh

Sep 3, 2024
19:10
Snipd AI
Adam Hanieh, an expert on oil and capitalism, delves into the intricate relationship between oil, monopoly capitalism, and imperialism. He discusses how oil influences global geopolitics, especially in the Middle East, highlighting its role in resource extraction and environmental challenges. Hanieh emphasizes the connection between oil wealth and societal structures, revealing the complexities beyond simple narratives. He also explores the historical transition from coal to oil and its significance in shaping modern energy consumption and capitalist growth.
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Podcast summary created with Snipd AI

Quick takeaways

  • Oil's influence extends beyond energy, functioning as a crucial component driving U.S. imperialism and capital accumulation worldwide.
  • The environmental impact of oil capitalism necessitates urgent reevaluation of energy consumption and sustainable practices in the context of climate change.

Deep dives

The Power of Oil within Capitalism

Oil is not merely a resource; it is a commodity that significantly shapes and is shaped by capitalism. The systemic behaviors and priorities inherent in capitalism grant oil its unique position and influence in the global market. This relationship allows oil to facilitate U.S. imperialism and dominates the processes of accumulation, expanding capital’s turnover, reducing the costs of production, and integrating an international market. Recognizing these dynamics helps to illustrate how oil operates not just as an energy source but as a critical driver of capitalist functions and political agendas.

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