“Colonized people have the right to resist.”
Economist and friend of the podcast Fadhel Kaboub talks with Steve about the effects of global hegemony and the ongoing attempts to shift the balance of power. They look at BRICS, though it’s perhaps too soon to predict its ultimate outcome and influence.
Fadhel argues that a true multipolar world cannot emerge without placing the Global South at the center of economic decision-making, challenging the existing economic domination by the US and other nations. The history of colonial exploitation continues to affect the resource-rich region.
Fadhel also addresses the ways in which Israel is carrying out the US agenda in Gaza. He points out that the world’s reaction is being influenced by the ready availability of direct information via social media.
“The world didn’t start on October 7th. There was a world before that. And there is a colonial project that was being built in Gaza and Palestine.
“Every colonial case we’ve seen in Africa and the rest of the Global South created resistance movements and resistance. Some people resist in the streets, some people resist with little pebbles and stones, some people resist with weapons. Some people resist with their voice, some people resist with their pen. But it’s resistance. And it’s a legitimate right to resist.
“It’s beginning to click for a lot of people that colonized people have the right to resist.”
Fadhel Kaboub is an associate professor of economics at Denison University (presently on leave) and the president of the Global Institute for Sustainable Prosperity. He’s the author of Global South Perspectives on Substack.
Find his work at kaboub.com and globalsouthperspectives.substack.com
@FadhelKaboub on Twitter
#BRICS #GlobalSouth #Africa #China #dedollarization #multipolarworld #gaza #palestine #globalhegemony #colonialism #resources #LearnMMT
Chapters:
00:00 Introduction and Guest Introduction
02:07 The Global Power Dynamics
03:22 The Role of BRICS and Global South
10:30 Challenges of De-dollarization
13:30 US-China Economic Rivalry
29:33 Africa's Potential and Industrial Policy
36:55 The Role of Africa and the Global South in a Multipolar World
38:46 The US's Economic Dependence and Manufacturing Neglect
40:06 Understanding Unequal Exchange in International Trade
43:00 The UN's Relevance and the Rise of BRICS
48:28 US Interests in the Israel-Palestine Conflict
54:10 The Right to Resist: Historical and Modern Perspectives
01:02:25 Building a Movement for Justice and Human Rights
01:05:34 Reflections on US Politics and Global South Interactions
01:08:52 Conclusion and Call to Action
Weaponize Knowledge with Modern Monetary Theory (MMT)
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#mmt
Weaponize Knowledge with Modern Monetary Theory (MMT)
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We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.