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BRICS MUST Replace the US’ Authoritarian International Financial System! (Prof. Steve Keen)
On this episode of Going Underground, we speak to Prof. Steve Keeen, Distinguished Fellow at UCL’s Institute for Strategy Resilience and Security. He discusses the ‘failed sideshow’ of the G20 and the non-attendance of the leaders of the big powers, the high levels of private debt crushing the poor and reducing demand across the West, the zero-sum games of FDI-led growth and war-led growth that the US is trying to pursue under Donald Trump, the short-sighted and ludicrous economic aims of our contemporary leaders, the elite increasing their wealth and power through war while ignoring growing private debt, the IMF being a major destabilising force causing economic misery in Africa, the US’ weaponisation of the US dollar and international commerce system against Russia, Iran, and others, the catastrophic economic impact of Europe cutting itself off from cheap Russian energy, the need for BRICS to create an alternative international financial system to replace the US’ authoritarian and flawed system, some of Donald Trump’s good economic instincts which are in tune with the demands of the working class, and much more.
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