Geopolitical Economy Report

Political economist Radhika Desai discusses the origins of neoliberalism as a fringe ideology and how it became dominant, fueling extreme inequality, instability, and financialization. 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 Check out Radhika's show with Michael Hudson, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Economists Radhika Desai and Michael Hudson explain the reality of inflation. Drawings and animations by Giandavide Locicero at Pomona Pictures Pomona Pictures' website: https://pomonapictures.it Follow Pomona Pictures on Instagram at https://www.instagram.com/pomona_pictures_ Pomona Pictures' Vimeo profile: https://vimeo.com/pomonapictures || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial order. Transcript: https://geopoliticaleconomy.com/2023/07/11/colonialism-sovereignty-financial-system-debt You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. How China became the world's industrial superpower - and why the US is desperate to stop it: https://youtube.com/watch?v=BT7Th2aV0wM || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. 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 || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. Read the original report here: https://ecfr.eu/publication/the-art-of-vassalisation-how-russias-war-on-ukraine-has-transformed-transatlantic-relations || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Former US President Donald Trump boasted at a campaign rally, "When I left, Venezuela was ready to collapse. We would have taken it over; we would have gotten to all that oil; it would have been right next door". This confirms the ulterior motives behind Washington's 2019 coup attempt with Juan Guaidó. How Trump and John Bolton attempted a coup in Venezuela: https://www.youtube.com/watch?v=tzoJ_UVBV7w Trump advisor John Bolton admits planning US coups in Venezuela and beyond: https://geopoliticaleconomy.com/2022/07/12/trump-john-bolton-coups-venezuela Trump wanted US military attacks on Venezuela, Defense Secretary Mark Esper details in book: https://geopoliticaleconomy.com/2022/05/19/trump-us-military-venezuela-mark-esper || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

The BRICS bloc’s New Development Bank (NDB), an alternative to the US-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and growing with new members from across the Global South. Sources and more information here: https://geopoliticaleconomy.com/2023/06/06/brics-new-development-bank-dollar-adding-members Check out our related video "BRICS is adding members, planning new currency to challenge US dollar": https://youtube.com/watch?v=PfXyNqg8NDI || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Foreign ministers from BRICS (Brazil, Russia, India, China, and South Africa) met to discuss expanding the Global South-led bloc and creating a new global reserve currency to challenge the US dollar. Sources and more information here: https://geopoliticaleconomy.com/2023/06/03/brics-adding-members-currency-us-dollar || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Political economist Radhika Desai discusses how capitalism is inherently imperialist, what the class struggle looks like at the international level, and how "the dominant ideas are the ideas of the ruling classes of the dominant nations". This is a discussion of chapter 3, "The geopolitical economy of capitalism and socialism", 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 Check out Radhika's show with Michael Hudson, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

To analyze China's role in the global economy, as the US-led neoliberal financial order decays, political economists Radhika Desai and Michael Hudson are joined by economic geographer Mick Dunford. Transcript here: https://geopoliticaleconomy.com/2023/05/27/china-economic-alternative-us-led-financial-order You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Economist Michael Hudson discusses his book "The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point", and how this history from 2000 years ago is still so relevant to understand our debt-based societies today. You can find links to all of Michael's books at his website https://Michael-Hudson.com You can support Michael on Patreon at Patreon.com/MichaelHudson || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Wars the US waged in Iraq, Afghanistan, Syria, Yemen, and Pakistan following September 11, 2001 caused at least 4.5 million deaths and displaced 38 to 60 million people, with 7.6 million children starving today, according to studies by Brown University. Sources and more information here: https://geopoliticaleconomy.com/2023/05/18/us-911-wars-million-deaths-displace || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Ecuador's right-wing President Guillermo Lasso, a multimillionaire banker who is notorious for his blatant corruption, dissolved the National Assembly to prevent it from impeaching him. The US government is strongly supporting the dictator as he rules by decree. He also has the backing of Peru's coup regime, which imprisoned leftist Pedro Castillo on false accusations of doing exactly what Lasso did. Peru coup - CIA agent turned US ambassador met with defense minister day before president overthrown: https://geopoliticaleconomy.com/2022/12/14/coup-us-ambassador-peru-cia || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

The US military arms and trains foreign fighters as "proxies" to wage "irregular warfare" against adversaries, and the Pentagon does not vet them to see if they have committed atrocities, according to documents obtained by the New York Times. Sources and more information here: https://geopoliticaleconomy.com/2023/05/16/us-recruits-proxies-irregular-war CIA and NATO are waging sabotage attacks inside Russia: https://geopoliticaleconomy.com/2022/12/29/cia-nato-sabotage-attacks-russia || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Economist Michael Hudson responds to the misleading arguments against de-dollarization that New York Times columnist Paul Krugman made, as part of an attempt to defend US hegemony and the dollar system. Transcript here: https://geopoliticaleconomy.com/2023/05/10/ny-times-dedollarization-michael-hudson-paul-krugman-dollar 4 US banks crash in 2 months: Banking crisis explained by economist Michael Hudson: https://geopoliticaleconomy.com/2023/05/05/first-republic-bank-crisis-michael-hudson Here you can find episodes of Michael's show with Radhika Desai, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Economist Michael Hudson joins Ben Norton to discuss the collapse of four US banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers. Check out our previous analysis on the crash of Silicon Valley Bank: https://geopoliticaleconomy.com/2023/03/14/us-banks-collapsed-economist-michael-hudson Here you can find episodes of Michael's show with Radhika Desai, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The US military budget is larger than the next 10 biggest spenders combined. || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

The European Union heavily sanctioned Russia and boycotted its oil, but is still buying it, at an even higher price, from India. Meanwhile, increasing energy costs have fueled inflation, causing workers' wages to significantly decline. || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Economists Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. This is their program Geopolitical Economy Hour. Check out other episodes here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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. 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 || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

Political economist Radhika Desai discusses the inherent contradictions in the capitalist mode of production: crises of overproduction, the tendency of the rate of profit to fall, and a trend toward monopolies and financialization. She also explains the difference between classical political economy and neoclassical economics. This is a discussion of chapter 2, "Capitalism as Contradictory Value Production", of 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 Check out Radhika's show with Michael Hudson, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com