Radhika Desai: Debating West's "decline", capitalism, US, China, India, socialism, Europe, fascism. 

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Excellent discussion. Great having Dr. Desai on this essential topic.

The difference, China based on the socialism attitude, Chinese characteristic key thing. Yes they are not allow the capital control government Western country words and capitalism is not fit China. The majority of people were left note protection. That’s why the India has a so slow development today is capitalism will not help the judge people.

Professor Radhika really knows her stuff. She’s amazing.

Any discussion about US GDP growth must offset USD GDP growth by USD debt increase. When you do that you find US GDP growth is minimal.

Another very good discussion. A couple of comments: to the presenter, could you try not to speak over your guest. No matter how confident you think you are on some point. It's quite ugly when you do this and I'm for one not that interested in your point of view. I'm interested in hearing your guests' thoughts. My second comment is concerned with China. Look they're miles ahead of everyone now. I would say at least a decade or two ahead of most Western countries in many aspects. Just one statistic. There is an index called Nature index (I'm not a fan of these type of rankings but it's important because it's a Western capitalist ranking) for the most "productive" institutions in terms of high quality scientific publication output. Of the top twenty institutions, fifty percent are from China. The US are a distant second at 20 percent. Then comes Germany and England at ten percent each and then France and Japan at five percent each. Research, drives innovation. Without it capitalism isn't able to grow. Forty years ago, China was no where to be seen. It was considered a backward country in terms of science from the point of view of the West. You should let this single statistic sink in. If you've ever been to China recently you see this tremendous transformation both economically, and in fact I have to say, culturally. There is a lot the West can learn from the Chinese I think.

Can Radhika Desai explain why India is now 5th largest economy while it was 11th largest when her darling were ruling. Or she doesn't bother with this fine details.

Hii joytish ,hope you r doing well

Thank you for an outstanding, erudite discussion on these critical issues of our times.

Great clarity! Will try to checkout 'Geopolitical Economy' by Radhika Desai.

Excellent historical and economic analysis!

There is no perfect system for any country & systems will keep on changing. There is hope for balance only when the leaders work for the people & for their country. China is a realistic example & we can learn a lot from their governance style.

Excellent talk! Thank you from the US.

US economy today is growing because they print over couple of trillions per year. So its not growing but adding printed money in the economy

We the people must choose to have affordable, good housing, food, education, life possibilities that support our ability to thrive. When we grasp that we actually have a choice over who "leads" us to these opportunities, we will be able to create societies that produce them. We the people can choose in many ways besides voting & elections. We can join together in many ways. The key is unity & willingness to share our efforts & gains.

Hey guys as an indian leftist I really appreciate you guys. Much love brothers and sisters ❤

Very intelligent program lead by Professor Desai. I will be following her closely for.my own edification as she clearly holds and expert level understanding of Marxism, classical economics and historical materialism.

A thorough analysis of the world.An excellent talk and discussion about US, China and India.

For left brains Modi era is not liked eventhough left is not left in India.

The host's take on the US economic power is kind of abstract. He basically looks at the numbers and infers the US is in a better position than some claim, i.e. it is not declining. However, professor Desai corrected him by analysing the matter dialectically. Im not sure though if he is convinced.

15:00 general decline in manufacturing, and greater preponderance of finance capital?

The last G20 summit in India Indian Foreign Minister said and claimed India is the voice and leader of Global South countries. Can anyone explain what have India the voice and leader of Global South countries have done for global south countries so far compared with China?

I got a kick out to of hearing Ms. Desai say "mojo". 😊

Watching

I wish yoy had spoken more about farmers and agriculture. 70% of India is either agrarian or gets its livelihood from agriculture. So, how can you discuss India without them?

Prof Desai is simply great.

Madam, You should support your statement with economic data . why do you think that GST and Demonitization was afailure.

Pada hal negara india masih banyak orang miskin dan perdana modi tidak berbuat apa2 untuk negara india

Oh _Wow . . Dr Desai _ U R amazingly eloquent & soooo dead on . . the world would be a better place should it heed what U propagate!😊

I always learn so much from Prof Desai. Thank you.

The West is not declining, Western hegemony is declining because the Global South especially India, ASEAN, and China are growing economically at a faster pace.

This is really an enlightening conversation that helps an ordinary person like me to have a comprehensive view of what is happening in the real world!

Yes prof. Desai. The most important thing is a socialism that rejects imperialism. You must always remember that imperialism is not just a policy or a choice of capitalist states, but an inevitable and natural phase in the development of capitalism itself.

33:00 neoliberalism, wut is it? - Monopoly Capitalism artificially sustained by 'free market' paradigm?

Fantastic interview!

Among the best economists in the world are Dr. Radhika Desai , Dr. Michael Hudson, Dr. Wolff 👏

¡Muy buen debate! Pero super cargado de conceptos de la economía geopolítica, las pláticas (lectures) de la profesora Desai requieren de que uno se ponga a estudiar para comprenderlas mejor, uff…

Whats Radhika Desai's opinions on Artificial Intelligence?

46:00 in-the-weeds correction haha. In context of 'market valuation' wrt manufacturing, finance capital, both, only, etc etc Point of disagreement: "Under Capitalism, as it exists ... If u have big financial assets ... U don't need to own a factory" - vs: 51:15 Contradiction in relationship of financial asset owner and material capital(?) in the political economy (?) * State must discipline capital.

Academics should be in charge of running nations ...they really are superior beings and we must follow them because they use smart words like foisted. I feel better about myself coz i watched this and my parents have degrees and i think know whats better for poor people. hooray!

Workd is discovering capital, like narx, beyond keft and rightw?

India’s problem is that they still suffer from British colonial rule through the civil servant class that took over when the British left. India can never follow China’s lead as no Indian political party following Socialism or ‘heaven forbid’ communism, for the people, will never win.

U all forgot to mention how important is human capital is, why china in future. Will be the bigger version of Hong Kong, important of their culture that's why they can succeed, oriental value is very important

Spot on. Thank you for sharing a discussion I didn't know was happening.

Prof Desai seems to be illinformed on India's economic growth rated in last 10 yoe. Does she even read any economic news? This lady is blind as a bad. What to say of jer followers. Lol.

I wish the host was half as eloquent as Radhika. I am sure the gentleman is very thorough in his understanding of world economics but his fake accent was very hard to swallow.

Radhika Desai is so incredibly knowledgeable. And these interviews (and debates) are such powerful learning tools. China discussion was great and answered my question from the Brent Christophers interview.

Mana mungkin bisa jadi india negara maju seperti china prodoksi india tidak ada produksi yang bisa menarik bagi negara lain

🙏🙏🙏😍😍😍❤❤❤

The host is too argumentative....why invite a guest when you keep arguing with her to show that the host is better? The host just needs to have great questions and allow the guest to explain and expand.

Poliyicans are being cobsidered accountable?

Modi has failed in renewal energy, due yo lack of support

30:50 What does 'neo liberal capitalism' mean?

Again, the interviewer NEEDS to stop interrupting and learn the entire system proposed.. you are too loud!

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Left is loosing, not west.

Interviewer needs to listen more

Licentce raj jept congress in power?

Inertia vs. Dynamism

Besting manmohan singh in damaging nation?

Got to learn so much . Thank you.

Na is grosing internally?

Siuperb anslysis!!!!

State is the best entrepreneur?

La

120+ die under foot >each others >> BABA GUGU BOGOVAN RAM

let her talk mate!

Thank goodness

Desai repeated well known rhetoric's..

Great stuff! Thank you!!

How is the Chinese bureaucrat governed differently from the Indian? Is the bane of India's bureaucratic culture - IAS, it's final nail in the coffin?

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Dan juga belum bisa alat2 teknologi seperti roket dan semikonduktor dan juga yang dan lain-lain nya

Samajwadi Party is Socialis? Are you kidding?!!! It's a damn Dynast for god's sake!

What a wonderful woman.....and a veritable fountain of knowledge .....her grasp of not just economics but also of world affairs/Geopolitics is amazing....viva la Dr. Radhika Desai. ...I'm in love !... lol!

The topic -- Its a very complicated issue. Many factors are associated with it. Some of them has been mentioned. But the top matter is the center point of the discussion -- West is losing its stand in the world. In one way - the way of rule of nature - it can happen. The other way - East and West - The question of leadership of world - East doesn't like or approve any ruling over them as guardian. So the challenge comes ! East is gradually taking its due roll in governing the world.

so for Desai state capitalism = socialism (or at least some types of state capitalisms), which also shows that socialism is not an answer to capitalism in terms of transcending capitalism

Fantastic conversation! Really enjoyed it. Thank for you openness and willingness to engage in discussions so that we all become a little wiser.

The title: uh, ya, duh!

Very interesting conversation. Thank you.

My Indian stocks are delovering 25 to 40%, US around 20% and the rest 2%. This is over last 3 years. Why should I believe this blinkered Prof from nowhere.

Dr. Desai is brilliant and patient.

Yes, through theirs Mea Culpa

One definition of socialism is workers taking control the means of production in large established corporations. Worker co-ops essentially. But that worker owned and run company will still act like any capitalist company in the markets. And, if that company takes off big time, the workers owning the company will all become rich. And the company will be a big player politically because of its monetary power. Where do you go at that point? Another defintion of socialism is to replace markets with economic planning. We've had a number of examples of those in history and they all were a disaster. Personally, I think we can live with capitalism, but it must be a heavily regulated capitalism to address all of capitalism's inherent flaws and this can only be done in conjunction with a political system that is run by the power of the people not by the power of the rich. Good luck with that, unfortunately.

The GDP discussion was really interesting, and I think one thing to keep in mind is that a lot of GDP in the US is really captured productivity from other countries, so if multipolarity leads to an inability to capture that, due to the increased sovereignty of the global south, the GDP in the US would take a major hit in proportion to that. GDP in the US is a direct result of imperialism, and for instance it's the ability to overpay the US service sector and distribution workers while underpaying foreign manufacturers. That moves the value from be accounted for in, say, Bangladesh's GDP for their extraordinary textile production and instead accounted for in the US service sector of the brands that sell them, and that profit then moves through circuits of financial capital and supports the massive speculation we see there. That's why manufacturing is important, and primary, relative to other sectors. That's the vital insight of Marx, to not get lost in the circuits of capital that we don't see that the source of value in a capitalist economy is productive labor, and manufacturing is the most important sector of productive labor.

Whats goes up must come down. It is a fact of life.

Hahaha this was fun

Great video

Your good ha 😊

Very intersting But why are you so biased as far as Hindus are concerned I should know, I am Indian, live in India and secular with "Chinese Characteristics" No one, and I have asked and asked, no one has been able to tell me one thing fascistic that the RSS has ever done. not one Personally, I have only seen them do good work

Fantastic ! So informational . Thank you.

Enough Ms Desai. Youre too old to comprehend global geopolitical situations. Please retire and let younger, more energetic and knowledgeable academics take over.

Superb!!!!

Global Hunger Index 2023-(Total 125 nations): Nepal:69 China: Below 20 SriLanka: 60 Bangladesh: 81 Pakistan: 102 India: 111 (severe) India can't feed its people. And the rising population which is young will add more to the pool. Indian government must stop encouraging the mass migration of Indians from Bihar, UP, Madras, South India and so on in to Nepal. Bihari Indians are not native to Nepal as falsely believed by many Indians and as promoted by the Indian government. Only indigenous "Tharu" are natives in Terai just like the aborigines of Australia with their own distinct ways and culture. The citizenships act is still a debate for Nepalese folks as it was done against their will.

en.wikipedia.org/wiki/Inverted_totalitarianism 🧐🧐

Abhi na aao dubke ,hamar sheds abhi khula nahi -Yama raj hell number 999999999999