logo
episode-header-image
Aug 2024
1h 11m

Debt is political: Why wealth flows from...

Ben Norton
About this episode
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
Up next
Oct 1
US war secretary encourages military to commit war crimes, as Trump threatens 'enemy within' USA
US Secretary of War Pete Hegseth gathered top generals and encouraged the military to commit war crimes and ignore international law. Donald Trump ordered the Department of War to use US cities as "training grounds" to fight the "enemy within". Ben Norton reports on the increasin ... Show More
28m 58s
Sep 27
USA vs China: Which represents humanity's future? Compare their UN speeches
The US and China are the world's two most powerful countries, but they have very different visions for the global order. Compare the speeches delivered at the UN General Assembly by Donald Trump and Chinese Premier Li Qiang. The United States wants a unipolar system based on unil ... Show More
43m 52s
Sep 24
This massive new Russia-China project will have huge impact on world
Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a ... Show More
38 m
Recommended Episodes
Jan 2016
Faiza Shaheen: Inequality
The world's richest 62 people now own as much wealth as the poorest 50%, according to a new report released by Oxfam. But what are we measuring when we talk about wealth and inequality? Why does it matter? And what can we do about it? Kirsty chats to Dr Faiza Shaheen. Weekly Econ ... Show More
15m 32s
Aug 3
Trump’s Sweeping Tariffs
Today on the show, President Trump’s sweeping new tariffs go into effect this week. Fareed speaks with Zanny Minton Beddoes, the editor-in-chief of The Economist, and Oren Cass, founder and chief economist of the conservative think-tank American Compass, about what this trade war ... Show More
41m 52s
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 4
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
Sep 2024
How to cut government debt, with Robin Wigglesworth
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 th ... Show More
28m 24s
Aug 2024
The Economics Show with Soumaya Keynes: What’s wrong with economics?
This week, we’re bringing you something from our fellow FT podcast, The Economics Show with Soumaya Keynes.  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 the show, Soumaya ... Show More
34m 42s
Mar 2025
Why a Worrisome Economy Doesn’t Seem to Worry Trump
As President Trump has rolled out his economic agenda, the assumption has been that he would quickly scale back his most aggressive policies once they began to scare consumers and the financial markets. But that assumption turned out to be wrong.Ben Casselman, who covers economic ... Show More
30m 15s
Jul 2024
Veep show: America meets J.D. Vance
J.D. Vance was largely unknown in American politics until Donald Trump picked him as his running-mate for vice-president. Last night he gave his first speech to the Republican National Convention. Why is trade so sluggish within Latin America (11:34)? And forget management books: ... Show More
25m 45s
Jan 2025
The Coming IMF Bailout of Britain!
Is the UK teetering on the edge of economic chaos? With bond yields now higher than Greece’s and a rapidly weakening pound, we explore why Britain’s financial foundation is cracking. From the historical parallels of past currency crises to the implications of its overreliance on ... Show More
44m 18s