Geopolitical Economy Report

The podcast discusses the United States' hypocritical stance on climate change, condemning China while being the largest historic contributor. It explores China's leadership in renewable energy and criticizes the US for accusing China. The podcast also highlights the need for climate reparations and exposes the disparity in impact between wealthy and poorer countries.

Political economist Radhika Desai discusses the origins of neoliberalism as a fringe ideology and how it became dominant, fueling extreme inequality, instability, and financialization. VIDEO: https://youtube.com/watch?v=lSTLsHAGoVA This is a discussion of chapter 4, "Neoliberal and its financializations", from Radhika's book "Capitalism, Coronavirus and War: A Geopolitical Economy". Other episodes in the series: https://youtube.com/playlist?list=PLDAi0NdlN8hNZoKp0XsLFwSxxlMQu6ye8 You can download Radhika's book for free here: https://geopoliticaleconomy.com/2023/02/17/capitalism-coronavirus-war-geopolitical-economy-radhika-desai

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial system. They explore the impact of the global financial system on developing countries, the role of debt in global power dynamics, the emergence of alternative financial structures, and the need for rethinking the global financial system. They also discuss the rise of fascism and the choice between fascism and socialism as societies face the failure of liberalism.

Iran has become a full member of the Shanghai Cooperation Organization, along with China, Russia, India, Pakistan, and Central Asian nations. The SCO represents 40% of the global population and one-third of the world economy. Iranian President Ebrahim Raisi called for challenging "Western hegemony" and de-dollarizing trade in the region, instead using local currencies for international settlements. VIDEO: https://youtube.com/watch?v=YVKNh1gLSO0

US President Joe Biden appointed notorious neoconservative war criminal Elliott Abrams as an advisor for "public diplomacy". Abrams previously served under Donald Trump, George W. Bush, and Ronald Reagan, and he oversaw genocide in Guatemala, massacres in Nicaragua and El Salvador, and coup attempts in Venezuela. VIDEO: https://youtube.com/watch?v=k2MUS0xRCTo

Neoliberalism is often misunderstood, but it is very important to understand this ideology that has dominated global economics and politics for decades. Ben Norton discusses the history of the neoliberal "Washington consensus", and how it was imposed on the world. VIDEO: https://youtube.com/watch?v=oUwLB4xUk0s How China became the world's industrial superpower - and why the US is desperate to stop it: https://youtube.com/watch?v=BT7Th2aV0wM

China has gone from one of the poorest countries on Earth to building the world's largest economy, responsible for nearly one-third of global manufacturing. Meanwhile, the US de-industrialized and financialized its economy. Journalist Ben Norton explains how. VIDEO: https://youtube.com/watch?v=BT7Th2aV0wM

Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for wages, according to research by IMF economists. VIDEO: https://youtube.com/watch?v=qdZbq1iw-ho Sources and more information here: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation

The elite European Council on Foreign Relations, which is funded by many Western governments, warned that the EU is becoming a "vassal" of the United States, losing its independence. VIDEO: https://youtube.com/watch?v=-xcVy-Fta1I Read the original report here: https://ecfr.eu/publication/the-art-of-vassalisation-how-russias-war-on-ukraine-has-transformed-transatlantic-relations

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss the growing third world debt crisis, origins of the crisis, concerns about commercial real estate, debt repayment challenges, Wall Street's influence, and the current debt crisis and its specificity.