Economists Radhika Desai & Michael Hudson explain multipolarity, decline of US hegemony 

The independent news and analysis revolution is a feast for people who like to learn things from smart, studied, humans. Thank you so much!

Congratulations Ben for the initiative of having debates like this with the greats Prof. Radhika Desai and Prof. Michael Hudson! We are extremely grateful to both Professors for this independent and accurate analysis!

FANTASTIC CONTENT! If mass media will not tell Americans the truth, someone else has to and I can't think of anyone better!

Thank you both so much! I think I've learned more about geopolitical economics and the role of the US in this hour than in my entire life. Good luck going forward!

Excellent segment. I like the new name. Q. "Why does the sun never set on the British Empire?" A. "Because god would never trust the Brits at night." ;-)

Thanks so much Ben, Michael and Radhika! I actually learned something.

If there was ever a conversation, this is it. When the people make their fortunes or just their living in a broken system, they are not likely going to look to fixing it.They end up believing there is no alternative. Understanding the machinations empowers people to think rather than just be doctrinal. Thanks for the great conversation, glad to see this is a show

What a superb site this is. This latest series together with your programs with Aaron Good give us precisely the sort of insight we can't get from the mainstream servants of power.

I hope Geopolitical Economy Report catches on and the number of listeners grows into a political movement. Radhika and prof. Hudson. You two are among a handful of brilliant educated scholars with an ample understanding of history and economics who aren't afraid to speak truth to power. This presentation was very informative. I'm looking forward to watching your next showing. Where was Ben?

Awesome talk! I'll be catching each one of these as they come out! Some questions/suggestions I have: 1) Can you dive into the attempts by some international organizations, such as the BRICS or in South America, to make alternative currencies? Are we looking at a return to the gold standard at some point? What do you put their chances of success at? 2) For countries that already under the thumb of the IMF and similar organizations, how will they, in practical terms, escape debt peonage? If you were, say, ruling Egypt right now, what would be your 5 or 10 or 20 step plan to get from where they are now to independence? 3) I agree with you when you say that America's ability to project power militarily has declined, and that there is basically only one step between targeted assassinations and nuclear weapons. Having said that, we've also seen a concerted effort over the last decade at least that particularly focuses on Iran and China. Do you ever see Iran and China being engaged militarily (to presumably disastrous effect), or will America just continue to try and covertly engineer regime change? (or, to test your ability to see the future less, do you think that the people in charge in Washington actually want to go to war with Iran and China or is this just posturing?) 4) Will this new Cold War have a similar structure with the West on one side, the East on the other, and a Non-Aligned Movement? I can already see countries like Turkey and India trying to essentially play both sides for their own gain, but are these outliers, or will many countries seek to maintain ties with both sides? Will this work out for them or will they eventually be forced to choose? 5) And finally, how does climate change factor into all this? Particularly as we saw last year, with some countries being massively flooded (Pakistan), others going through extreme drought (China, Europe, some parts of the US). I can guess that it'll negatively affect most countries, but do you have any specific thoughts on how the new Cold War will be affected by a warming climate? just going to edit in a final question: 6) What should we, the people interested in America's hold on the world being weakened, be looking out for in terms of economic indicators of decline? I'm already aware of how GDP is a very imperfect measure of economic growth; could you possibly elaborate further on that, and give alternative measures that quantify how, say, America or Germany or the UK are going downhill? e.g. industrial output, inflation, businesses opened/closed, investment, etc? Thanks!

Amazingly, Professor Hudson is 83! What is his secret?

This is a joy to watch! You explain these complicated issues in a way that makes me feel that I'm finally understanding it!

Great stuff, two economic superstars !

This is the core of all our problems, that Michael explains.

Thank you Radhika & Michael for sharing your knowledge with us. Great Program. 👏👏👏

Excellent show! I will watch every episode you put out.

fantastic! This is what's needed. Great stuff

Michael Hudson is a true national hero! His prescient observations of finance, geopolitical strife and US hegemony remain the most coherent and clear to understand. So glad to see that this show is being done! And look forward to more!

Thank you I am beginning to understand world economics because of your videos

the books mentioned are Geopolitical Economy by Radhika Desai Superimperialism by Michael Hudson

Well done. I hope these two can explain the dynamic so that an ordinary American can understand the repercussions of dedollarization in the U.S. I have read several of Hudson’s books, but these are not always an easy read for the lay person. Will be tuning in again. Thank you both.

Third time watching. Such a powerful show, unmatched economists.

Thank you Radhika and Michael, for this excellent discussion about a rapidly changing global geopolitical economy. Now that the dominant Anglo-Saxon American financial institutions and their so called 'international rules based order' are imposing economic sanctions on and the seizure of state assets, it can no longer be trusted.

Looking forward to hearing more, thank you for your illuminating discussion.

What a pair of titans! Thank you SO much.

Very refreshing and interesting.A treat to watch thank you.

Thanks RU-vid..!! Dr. Hudson's the Man that understands and he explains best the dynamic of the 'Fin-Cap' plan.

I'm thrilled I will be able to listen to you both on a regular basis. Thank you!

Just when you thought that Multipolarista couldn't get anymore amazing, it evolves into Geopolitical Economy! Thanks so much & Rock On, Comrades!

More informative than my entire time in school and following the “ news” for the last 44 years.

You both should be at the helm. I've followed Michael for years even with trouble seeing it all fit. Radhika has been a huge supplement and has helped my understanding. The world then may be the saving grace, the imperialist because of their unchecked dominance just become more and more arrogant. As we all know, arrogance eventually leads to ignorance. Even in the last few months you can see the beginnings of the global shift which is much more developed then any in USA knew. Hopefully, the public will begin to see this as a good thing. I was born in 1944, I have been gifted for many years just because of my birthdate. Maybe this is a beginning and not a death spiral ... alas, hope.

Glad to hear Prof Desai talk about how differently the RMB will be “internationalized”. Under the US/UK paradigm, stability of currencies is at the mercy of speculators (eg sterling and Soros) and this of course China knows and will not permit. V Prashad has argued thst China must agree to allow the RMB to be traded by western banks - a specious argument.

Brilliant discussion thank you 🙏 Years ago my first foray into Geopolitics and Financial Economics was with Michaels book Junk Economics 🙏🙏💖💖💖👌👍

Thank you for an excellent informative presentation

Amazing to have a weekly update with Prof Hudson! Thanks a lot 🙏

This is fantastic!

Absolutely amazing! I love this discourse and will look forward to it from now on.

I am paying attention to effective language, the use of the word "open" to define American imperialism provoked a horror reaction in me that will resonate with women in contemporary times. Understanding politics through the lens of abuse is an effective way of making the personal political and the political personal.

Fantastic content from two great thinkers. It is clear to see why the West cannot continue to dominate in a world where their narrative is increasingly becoming hollow and unconvincing.

Very interesting and informative discussion indeed.

What a lesson!

Could you please create a recommended reading list for the topics you discuss? 🙏 that would be very helpful for those of us trying to learn and understand more.

Great analysis!

Awesome discussion! I’ll definitely read Radhika Desai’s book. FF this channel after being introduced by Ben Norton at Multipolarista. Looking forward to future episodes.

Thank you so much. This was awesome. I follow Michael, but this team approach is even more rewarding. We must all share this across social platforms to inform the people. The ONLY China and Russia threat is to the U.S. hegemony and financial capitalism. Buy Michael Hudson’s book “Destiny of Civilization” - it’s a masterpiece.

Brilliant analysis by Micheal Hudson and Radhika. You are light in the world where corrupt powers have created artificial human made darkness on every inch of the world of intellectual journey. Great Job

Very informative. A much needed analysis. Thank you. I hope you get a large audience!!

Thanks.

This has just shot up to my new favourite channel. 🙌🏾🙌🏾🙌🏾🙌🏾

Oh, thank you so much for this!!!!!!!

Thank you!

wonderful discussion!

I disagree with Radhika that US Imperialism has been unsuccessful in their invasions They've been very successful in crippling Afghanistan, Iraq, Cuba, Venezuela, countries in Africa, Palestine, Syria, Haiti, and now its Western European "allies" as well as destroying the lives of its own citizens. That's what Imperialism does, weaken and destroy and by that measure the US has been very successful.

This is the best!!!

You two are an important source of revealing relative data concerning the emergence and significance of (western) Financial Oligarchs and the Finance Capitalist agenda to exterminate Industrial Capitalism, wounding their 'fellow' Humans' living standards.

Absolutely brilliant pair!

Thanks!

Wonderful to listen to two intelligent, well informed people go straight to the core of the matter! Sheer delight! How reassuring that voices of reasons and truth can still be heard!

Very grateful for your informative program. Looking forward to the next one.

Receiving some value of truth is delicious to the mind.

Great stuff, particularly enjoyed the comments about US losing the economic war for offshoring its industrial capacity in a bid to weaken domestic working classes

The content the world needs right now! Thank you so much for this enriching conversation and materialist analysis. Looking forward to each and every Geopolitical Economy Hour!

Beyond excited for this new format.

For a layperson like me who hasn't studied any of these topics but who has a recently awakened curiosity about how the world works, this was relatively easy to understand and therefore also enjoyable. I will no doubt listen to this several times, in order to reinforce my understanding. Great work and looking forward to more great content from you to.

The finance capitalism vs. industrial socialism discussion toward the end is excellent. Looking forward to hearing much more on this specifically!

Great team up. I expect to learn a lot from these two wise owls. Good work.

I do however commend this project or program and whosever idea it was. Ben Norton those, apparently, listens to the viewership. Kudos!

Thank you! Looking forward to future shows!

Thank you Ben. After the ban to RT and Sputnik in Europe, I stay informed thanks to independent channels like yours.

Wow! Real news. I love it!

It would be great to have a topic on, how does a country go from the base in the situation described to an industrial economy. Thank you

Imagine if the US gave up being the Hegemon. Joined a real world order based on equality of nations. And used the savings to build up the economy at home and make true humanitarian investments abroad.

Sanity reigns. Thank you both for your scholarship. And long may such scholarship continue. The humans badly need it.

Thank you both for producing such an informative and in-depth video of our geo political situation today. 😊

I desperately needed this series. Hudson and Desai usually have some of the best analysis on geopolitics. Thanks Ben!

Real Good stuff . This is Food for Thought , the belly was rumbling . Thanks!!

fascinating !

This is so dense but also a great intro for us non-econ people. Thank you!

Amazing and very informative. You both are great teachers. Thanks for the initiative 🙏

Great new addition to my regular viewing string. I would like Radhika and Michael to bring climate into the geopolitical picture. I have read about the carbon impacts of BRI. And in general what about the growth of China and India in the climate context? Large areas of India and China could have lengthy periods that exceed the wet bulb temperature, the point the human body can no longer bear it. Eurasia is coming. But will it be cut short by climate change? Of course, the Anglo-American use of oil as a political weapon which Michael discussed plays into this.

Superb! Thank you both very much.

Great presentation and topic! Although, I wish Radhika Desai would have elaborated or clarifed her remarks about the history of finance capital and its relationship with "personal finance vs consumer finance" during the early stages of the British industrial development, because she seems to imply that the relations was not only uniquely different than today but also had a ' short-term ' focus with consumer markets ( well established end-user). However, I submit that a deeper dive into finance's role in early devleopment of British industry would also reveal that personal finance ( such as funding of expeditions was primacy to, and primarily for purpose of, supporting seaborn transport and merchantalism in the extraction of unfinished goods and labor ( e.g., financing shipment agreements f or cargos of the enslaved, acquistion of colonial land and rare the minerals and crops ) to the metorpols of Britain for thier domesticconsumption and conversion to create finished good through the purchase of unpaid labor (Slaves) througout its own empire and to other metropols of colonial power. Therefore, based on the latter, it is most evident that finance did have only had 'the consumer' credit foci (albeit a small base of oligarchs and burgeoning capitalists in mind) during the nacient stages of British industrial and Western development - although, it was not broad based and credit/debt driven for the masses. The latter point should not be overlooked, but should - and hopefully will in future discussions - be better detailed when mentioning, however secondarily, the early stages of finance capital, industry, and consumerism in its various forms. Nonetheless, I am confident that Michael Hudson and Radika will in further discussions!

fascinating the connection made between antiwar (anti-draft) movements and nuclear war...

This is such an incredible and much needed analysis.

Next level knowledge here. Thank you all

Great kick off program----Michael and Radhika are deep sources of economic history and Marxist theory. That is the intellectual content required to analyze the current global dynamics.

Our lack of time plays well with corrupt US foreign policy while mass society has survival anxiety, hurried by the life of a debt slave compelled to appear when beckoned too busy to sit by a stream or even raise our children,US foreign policy tells us anything they want,manufactures theatre for their agenda and none of us has the time to confirm or deny their accusations.

great show. cant believe marx thought about the issue of industrial capital vs finance capital the same way we are talking about it today. if we just read Marx more maybe we could give up watching 24 hour corporate news all together.

china trade surplus 877 billion ......thats is quite the profitable operation..............USA 32 trillion debt

Excellent discussion!

... just starting Ms Desai's book - enjoy hearing up-to-date observations/analysis with M.Hudson and really looking forward to the series ! ... thx and best to Ben Norton for the newly seeded Geopolitical Economy garden/tree of knowledge...

Two giant.you are human dignity.

All the best in the new project!

This was such a great program, I had to watch twice just so I didn’t miss anything

Prof. Radhika Desai and Prof. Michael Hudson in the same video, "two polar opposites".. youtube handle burdizoid ain't gonna like this after he tried to own Ben by mentioning a video of debate w. Prof. Hudson in it in one of Ben's other video lmao🤭

I am interested in Germany. Should it accept deindustrialisation and become a third world country or elect itself a government that pulls them out of the EU and NATO and see their future with Russia, China, India and The Rest of the world? I live in Britain which is very much a lost cause especially as the City of London relies so much on overseas funds for its existence. I am also appalled by how British Intelligence gets so involved in other countries affairs especially in Ukraine.

Two giant.you are human dignity.

Thank so much,definitely looking forward to the next talk

Right on the money !

Outstanding! Thank you!!!