Geopolitical Economy Report

Mexico’s President AMLO sent Joe Biden a letter condemning US “interventionism”, such as USAID funding of right-wing opposition groups that are trying to destabilize his elected government. VIDEO: https://youtube.com/watch?v=iFxiuqE_wy8 Sources and more information here: https://geopoliticaleconomy.com/2023/05/04/mexico-amlo-biden-letter-us-intervention ‘Mexico is not a US colony!’: AMLO condemns...

Historian Aaron Good discusses US President John F. Kennedy's policies in Latin America, the CIA's terror war on Cuba, the coup against Brazil's left-wing President João Goulart, and the assassination of dictator Rafael Trujillo and coup against President Juan Bosch in the Dominican Republic. VIDEO: https://youtube.com/watch?v=_5xAypPNe2Y This is the Empire and the Deep State series that Geopoliti...

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 regulators - and the government itself - are in bed with the bankers. VIDEO: https://youtube.com/watch?v=ImjdVxd09fo Transcript here: https://geopoliticaleconomy.com/2023/05/05/first-republic-bank-crisis-michael-hudson

Learn about China's economic model with Beijing-based scholar Roland Boer, a professor at Renmin University and author of the book "Socialism with Chinese Characteristics: A Guide for Foreigners". VIDEO: https://youtube.com/watch?v=mgcyqkEOhQc

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. VIDEO: https://youtube.com/watch?v=IvI58EwlwwE

The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022. VIDEO: https://youtube.com/watch?v=Yuy6UvRbjNU Sources and more information here: https://geopoliticaleconomy.com/2023/04/30/europe-russia-oil-india-wages

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. VIDEO (with slides): https://youtube.com/watch?v=0Jxl4LRpIpw Transcript here: https://geopoliticaleconomy.com/2023/04/29/de-dollarization-neoliberalism-radhika-desai-michael-hudson This is their program...

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. VIDEO: https://youtube.com/watch?v=LXXk0e-nbvg Sources and more information here: https://geopoliticaleconomy.com/2023/04/28/us-corporations-ukraine-oil-gas Zelensky is literally s...

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 P...

Facebook censored a report by the world's most famous investigative journalist, Pulitzer Prize winner Seymour Hersh, on the destruction of the Nord Stream pipeline between Russia and Germany. Facebook (a US government contractor) instead forces users to read a website funded and partially owned by NATO member Norway. VIDEO: https://youtube.com/watch?v=NXGUTcHgI8g Links to all sources here: https:/...

"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to [the US government's] muscular use of sanctions", warn prominent financial analysts, as countries in the Global South create economic alternatives in an increasingly multipolar world. VIDEO: https://youtube.com/watch?v=9HnUpKal9A0 BRICS Bank de-dollarizing, promises 30% of loans in local c...

The president of the European Central Bank, Christine Lagarde, gave a speech acknowledging "the tectonic plates of geopolitics are shifting faster" and "we may see the world becoming more multipolar", with the crisis of imperialism, decline of dollar hegemony, and rise of China. Ben Norton is joined by geopolitical economist Radhika Desai to discuss the massive changes happening in this increasing...

US Treasury Secretary Janet Yellen admitted to CNN that Washington’s unilateral sanctions on countries around the world “could undermine the hegemony of the dollar”. VIDEO: https://youtube.com/watch?v=Ser-BHLOkvk Sources and more information here: https://geopoliticaleconomy.com/2023/04/17/sanctions-hegemony-dollar-us-treasury-yellen BRICS Bank de-dollarizing, promises 30% of loans in local curren...

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members, to help countries in the Global South build infrastructure and fight poverty. VIDEO: https://youtube.com/watch?v=OkBK2vcNFJE Sources and more information here: https://geopol...

Brazil's President Lula da Silva took a historic trip to China, where he signed many cooperation agreements and pledged to challenge the dominance of the US dollar. VIDEO: https://youtube.com/watch?v=yQJYevxPcYc Sources and more information here: https://geopoliticaleconomy.com/2023/04/15/brazil-lula-china-us-dollar-dominance Countries worldwide are dropping the US dollar: De-dollarization in Chin...

Economists Radhika Desai and Michael Hudson discuss Russia's economic transition away from the neoliberal West and integration with what it calls the "World Majority" in the Global South. VIDEO: https://youtube.com/watch?v=cc-L7c2ISig Transcript here: https://geopoliticaleconomy.com/2023/04/14/russia-neoliberal-west-world-majority This is their program Geopolitical Economy Hour. Check out other ep...

France’s President Emmanuel Macron told Xi Jinping that he opposes the US war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, yet failed to challenge Washington’s hegemony. VIDEO: https://youtube.com/watch?v=kseAIrInKcM Sources and more information here: https://geopoliticaleconomy.com/2023/04/11/france-macron-us-china-indep...

Before it collapsed and its billionaire depositors were bailed out by the US government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”. VIDEO: https://youtube.com/watch?v=-OwLg5odg5k Sources and more information here: https://geopoliticaleconomy.com/2023/04/09/silicon-valley-bank-bailout-bil...

Historian Aaron Good discusses US President John F. Kennedy's economic policies and his clashes with US Steel and Wall Street, as well as the deaths of UN Secretary General Dag Hammarskjöld and oligarch Michael Rockefeller. VIDEO: https://youtube.com/watch?v=H4HiC0Hxsrw This is from the Empire and the Deep State series that we are co-hosting with historian Aaron Good and producer Seamus McGuinness...

The UN Human Rights Council voted overwhelmingly to condemn sanctions. The only countries that expressed support for unilateral coercive measures were the US, UK, EU member states, Georgia, and Ukraine. VIDEO: https://youtube.com/watch?v=q8vQSpXHtmM Sources and more information here: https://geopoliticaleconomy.com/2023/04/06/west-sanctions-un-human-rights-council

The global de-dollarization campaign is gaining momentum, challenging the hegemony of the US dollar. China and Russia are trading in their own currencies. Beijing and Brazil dropped the dollar in bilateral trade. The UAE is selling China its gas in yuan, through a French company. Southeast Asian nations in ASEAN are de-dollarizing their trade, promoting local payment systems. Kenya is buying Persi...

Historian Aaron Good discusses US President John F. Kennedy's policies toward Africa, particularly Congo and its anti-colonial leader Patrice Lumumba, as well as Indonesia's leftist nationalist President Sukarno. VIDEO: https://youtube.com/watch?v=V_h_3SYc0c8 This is the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaron Good and Seamus McG...

From inside Russia, economists Radhika Desai and Alan Freeman report on the impact of Western sanctions and the Ukraine war. They discuss Moscow's integration with Asia and move away from neoliberal economics. VIDEO: https://youtube.com/watch?v=lxgiJj5FyYg Radhika and Alan are directors of the Geopolitical Economy Research Group: https://geopoliticaleconomy.org

The Joe Biden administration invited numerous authoritarian far-right leaders to the US State Department's so-called "Summit for Democracy", including Israel's Benjamin Netanyahu, Poland's Andrzej Duda, India's Narendra Modi, Italy's Giorgia Meloni, and Pakistan's coup regime. VIDEO: https://youtube.com/watch?v=OK9F27WIcec Sources and more information here: https://geopoliticaleconomy.com/2023/04/...

The US government threat to ban TikTok is part of a new cold war strategy to sabotage Chinese companies and ultimately all foreign competitors to Silicon Valley monopolies. Bills introduced in Congress endanger freedom of speech, while promising more sanctions. VIDEO: https://youtube.com/watch?v=XoMnSxDeEUk TikTok bills could dangerously expand national security state: https://responsiblestatecraf...