The insight in the snip emphasizes a shift in economic phases from Marxian to Leninist, highlighting a worsening imbalance between labor and capital. This imbalance has adverse socio-political and financial consequences. The speaker stresses the emergence of political violence as a means to address this shift, indicating a critical transition in the economic landscape with broader implications beyond traditional economic models like GDP and free trade.
On this episode, Nate is joined by financial analyst Michael Every to discuss global macro trends in economics, politics, and social movements. By taking a wide-view lens of current events, we can better see how seemingly isolated events interconnect and what mainstream economic theories tend to miss. What do rising political tensions and dissatisfaction around the globe amidst increasing GDP tell us about the accuracy of our economic measures? How much are geopolitical conflicts and supply chain disruptions contributing to current inflationary pressures? And what can we learn from current economic models as we steer towards a new system with lower energy throughput in a multipolar world?
About Michael Every:
Michael Every is Global Strategist at Rabobank Singapore analyzing major developments and key thematic trends, especially on the intersection of geopolitics, economics, and markets. He is frequently published and quoted in financial media, is a regular conference keynote speaker, and was invited to present to the 2022 G-20 on the current global crisis. Michael has lived and worked in 9 countries and been in the industry for nearly 25 years, with previous roles at Silk Road Associates, the Royal Bank of Canada, and Dun & Bradstreet. He holds a BA from Lancaster University, and a master’s degree from University College London.
Watch on YouTube: https://youtu.be/F_DhZaVoflA
More info, and show notes: https://www.thegreatsimplification.com/episode/118-michael-every