In this discussion, young Irish economist Philip Pilkington dives into the cracks emerging in Britain's economy. He highlights the alarming rise of bond yields and the weakening pound, drawing parallels with historical currency crises. The conversation addresses the UK’s overreliance on financial services, the risks of an IMF bailout, and the implications for the Labour government. Pilkington warns that without urgent reforms, Britain might face political and economic upheaval reminiscent of troubled nations like Argentina.

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.

Philip Pilkington, a political economist and journalist, delves into the impending collapse of global liberalism. He argues that the current interpretations of liberalism misrepresent its complex history, rooted in dismantling unjust hierarchies. The discussion highlights systemic failures within the post-World War II order and the paradoxes of liberal thought, including its tensions with Marxism. Pilkington also critically examines hyper-liberalism's rise since the 1990s and explores what may come next in a world increasingly resistant to liberal ideals.