Geopolitical Economy Report

As the war drags on, Ukraine is selling off state assets in a big privatization spree. US fossil fuel corporations like ExxonMobil, Chevron, and Halliburton are in discussions to take over the country's energy industry. VIDEO: https://youtube.com/watch?v=LXXk0e-nbvg Sources and more information here: https://geopoliticaleconomy.com/2023/04/28/us-corporations-ukraine-oil-gas Zelensky is literally selling Ukraine to US corporations on Wall Street: https://geopoliticaleconomy.com/2022/09/09/zelensky-selling-ukraine-wall-street West prepares to plunder post-war Ukraine with neoliberal shock therapy: privatization, deregulation, slashing worker protections: https://geopoliticaleconomy.com/2022/07/28/west-neoliberal-recovery-conference

Radhika Desai, political economist, explores capitalism's inherent contradictions in a discussion of crisis of overproduction, falling rate of profit, monopolies, financialization, and the difference between classical political economy and neoclassical economics.

Facebook censored a report by the world's most famous investigative journalist, Pulitzer Prize winner Seymour Hersh, on the destruction of the Nord Stream pipeline between Russia and Germany. Facebook (a US government contractor) instead forces users to read a website funded and partially owned by NATO member Norway. VIDEO: https://youtube.com/watch?v=NXGUTcHgI8g Links to all sources here: https://geopoliticaleconomy.com/2023/04/24/facebook-censor-seymour-hersh-nord-stream/ More information about the Nord Stream sabotage here: https://geopoliticaleconomy.com/2023/02/08/us-nord-stream-pipelines-seymour-hersh

"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to [the US government's] muscular use of sanctions", warn prominent financial analysts, as countries in the Global South create economic alternatives in an increasingly multipolar world. VIDEO: https://youtube.com/watch?v=9HnUpKal9A0 BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says: https://geopoliticaleconomy.com/2023/04/15/brics-bank-dollar-local-currencies-dilma Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean

The president of the European Central Bank, Christine Lagarde, gave a speech acknowledging "the tectonic plates of geopolitics are shifting faster" and "we may see the world becoming more multipolar", with the crisis of imperialism, decline of dollar hegemony, and rise of China. Ben Norton is joined by geopolitical economist Radhika Desai to discuss the massive changes happening in this increasingly multipolar world. VIDEO: https://youtube.com/watch?v=0cQak6RWT6o Check out Radhika's show with Michael Hudson, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP France’s Macron opposes US cold war on China, wants independent Europe – but is it just rhetoric?: https://geopoliticaleconomy.com/2023/04/11/france-macron-us-china-independent-europe

US Treasury Secretary Janet Yellen admitted to CNN that Washington’s unilateral sanctions on countries around the world “could undermine the hegemony of the dollar”. VIDEO: https://youtube.com/watch?v=Ser-BHLOkvk Sources and more information here: https://geopoliticaleconomy.com/2023/04/17/sanctions-hegemony-dollar-us-treasury-yellen BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says: https://geopoliticaleconomy.com/2023/04/15/brics-bank-dollar-local-currencies-dilma Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean

The podcast discusses the BRICS Bank's move towards de-dollarization and providing loans in local currencies to help countries in the Global South develop. It explores the expansion of the BRICS Development Bank and its impact on developing nations. The podcast also delves into the collaboration between China and Brazil and the potential for a common currency. Additionally, it explores the decline of US hegemony and the rise of a multipolar economic architecture.

Brazil's President Lula da Silva took a historic trip to China, where he signed many cooperation agreements and pledged to challenge the dominance of the US dollar. VIDEO: https://youtube.com/watch?v=yQJYevxPcYc Sources and more information here: https://geopoliticaleconomy.com/2023/04/15/brazil-lula-china-us-dollar-dominance Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’: https://geopoliticaleconomy.com/2023/01/22/brazil-argentina-latin-american-currency-dollar

Economists Radhika Desai and Michael Hudson discuss Russia's shift away from the West, exploring its alignment with China and non-Western countries. They analyze the challenges of transitioning from neoliberalism, including debt in the Global South and the emergence of regional agreements. The podcast also discusses the need for a revolution, critiques of neoliberalism, the concept of multi-polarity in international relations, and the shift towards socialism and multi-polarity in Eurasia.

France’s President Emmanuel Macron told Xi Jinping that he opposes the US war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, yet failed to challenge Washington’s hegemony. VIDEO: https://youtube.com/watch?v=kseAIrInKcM Sources and more information here: https://geopoliticaleconomy.com/2023/04/11/france-macron-us-china-independent-europe Ukraine’s Zelensky admits he sabotaged Minsk peace deal with Russia, West blocked negotiations: https://geopoliticaleconomy.com/2023/02/10/ukraine-zelensky-minsk-peace-russia/ US invites authoritarian far-right regimes to ‘Summit for Democracy’: https://geopoliticaleconomy.com/2023/04/01/us-authoritarian-summit-for-democracy/