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 11/04/2021 Tlaxcala, the international network of translators for linguistic diversity Tlaxcala's Manifesto  
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IMAGE AND SOUND / In quest of a multipolar world order
A conversation between Michael Hudson and Pepe Escobar (part 2)
Date of publication at Tlaxcala: 01/04/2021
Translations available: Português/Galego 

In quest of a multipolar world order
A conversation between Michael Hudson and Pepe Escobar (part 2)

Various Authors - Autores varios - Auteurs divers- AAVV-d.a.

 

Michael Hudson and Pepe Escobar resume their conversation about a global monetary system that appears headed for divorce. (Watch and read part one of the conversation)

In this second round of conversation, Professor Michael Hudson and Pepe Escobar discuss the emerging economic world order which they define not so much as a conflict between nations, but a rivalry between two competing models of the economy. The finance capital driven model of the West with a domination of the FIRE sector, versus the mixed economy model represented by China and Russia which seeks to rein in rent seeking, combined with public banking and state funded infrastructure to support market compliant industrial development. In Professor Hudson’s view, this model was advocated by classical economists, from Mill, Ricardo, to Henry George; and is largely responsible for the West’s past successes.

Transcript





Courtesy of Consortium News
Source: https://consortiumnews.com/2021/03/26/in-quest-of-a-multi-polar-world/
Publication date of original article: 26/03/2021
URL of this page : http://www.tlaxcala-int.org/article.asp?reference=31214

 

Tags: Multipolar world orderMichael HudsonPepe EscobarGlobal economyGeoeconomicsDecline of US Empire
 

 
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