How does the structure of the international financial system cause a drain of wealth from the poor to the rich? Political economists Radhika Desai and Michael Hudson discuss the politics of debt.
VIDEO (with the charts): https://www.youtube.com/watch?v=9Bu9dHGRpmE
Read the transcript (with the charts) here: https://geopoliticaleconomy.com/debt-politics-wea ... Show More
Yesterday
US-Israeli attack on Iran expands into global war: EU & UK join, Canada supports, Gulf regimes hit
The US-Israeli war on Iran is expanding into a global conflict. The European Union supports it. The UK is letting Trump use British bases. Germany and France are involved. Canada backs it. Tehran has retaliated, in self-defense, hitting US military bases in Gulf countries. Ben No ... Show More
39m 27s
Feb 26
US unipolarity vs China's multipolarity: Whose vision will shape the new global order?
Cold War Two is transforming the global political system. Two distinct visions are competing: The US seeks to revive colonialism and imperialist "spheres of influence", using force to restore Western hegemony. China wants a multipolar order based on peace, sovereign equality, and ... Show More
18m 27s
Jul 2020
Episode 85 - Banks sway the narrative
Discussion of economic and political news starts at 05:57, analysis on the banks winning the narrative begins at 27:10.
After managing to record the podcast between power cuts, Ben and Nizar analyze the political and economic news of the past week, including Alain Bifani's resign ... Show More
48m 36s
Aug 2025
What's Really Happening with the US Economy?
While the White House claims the US economy is booming, recent data indicates otherwise, with one report in particular fueling concerns about a weak job market. In response, President Trump fired the person responsible for producing the numbers he claims were "rigged." So what's ... Show More
56m 13s
Nov 2025
Why Economists Should Care About Inequality, with Branko Milanovic
<p>Recently, Bethany and Luigi joined economist and wealth inequality expert Branko Milanovic in front of a live audience at the Aspen Ideas Festival to explore how capitalism, democracy, and income inequality interact. Together, the three discussed the pervasiveness of income in ... Show More
46m 41s
Sep 2024
How to cut government debt, with Robin Wigglesworth
<p>Jamaica’s economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn’t return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how ... Show More
28m 24s
Aug 2024
The Economics Show with Soumaya Keynes: What’s wrong with economics?
<p>This week, we’re bringing you something from our fellow FT podcast, The Economics Show with Soumaya Keynes. </p><br><p>Sir Angus Deaton won the Nobel Prize in Economics in 2015. So when he says he is rethinking many of his assumptions about the field, it matters. Today on ... Show More
34m 42s