Geopolitical Economy Hour

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• Geopolitical Economy Explainer: Whatever Happened to the Donroe Doctrine? 01.04.2026 22分

  GEOPOLITICAL ECONOMY EXPLAINER Just over a month ago, the world was abuzz with talk of the Donroe Doctrine? Radhika explains what the so-called "Donroe Doctrine" was supposed to be, what it really was, how it lined up with the Monroe Doctrine and the Roosevelt Corollary, and why it is hardly surprising that it was barely proclaimed before it was violated. The explanation may surprise you.
• Reading Capital with Radhika Desai: 1. Mandel Introduction and Marx & Engels Prefaces 25.03.2026 1時間

  Starting Sunday, 22 March 2026, Radhika Desai is leading a Capital Reading Group on line. It will consist of an hour’s lecture followed by at least an hour’s discussion.In her lectures, Radhika will be presenting an interpretation of Capital that she arrived at in the course of developing Geopolitical Economy, the Marxist approach to understanding the international relations of the capitalist world, which placed imperialism and anti-imperialist resistance at its centre and has required rescuing Marx’s original analysis of capitalism as contradictory value production from more than a century and a half of misinterpretation by Marxists themselves.In this first episode, Radhika analyses an Introduction by Ernest Mandel as well as two Prefaces by both Marx & Engels.
• (Blocked) Paths to Dedollarization | GEH with Paolo Nogueira Batista 01.06.2026 55分

  What does the future look like for Dedollarization? How does BRICS play a role? Radhika takes a deep dive with co-founder of New Development Bank, Paolo Nogueira Batista.
• Mohammad Marandi Reveals Iran's True Nuclear Power Goal 21.05.2026 52分

  In this interview, Radhika Desai speaks with Mohammad Marandi about Iran’s nuclear programme, the latest escalation with the United States, and the wider geopolitical struggle behind the so-called “Iran nuclear threat.” Is Iran really trying to build a nuclear weapons, or is the nuclear issue being used once again as a pretext for sanctions, pressure and imperialism? Professor Marandi explains how Iran views its nuclear rights, why Western governments continue to portray Iran as a danger, and how the confrontation fits into the broader decline of US power and the crisis of the Western-led order.
• Is NATO Falling Apart? Trump, Ukraine, Russia and the Crisis of the West | GEH w Kees Van der Pijl 20.05.2026 45分

  German Chancellor, Friedrich Merz says, before an audience of schoolchildren, that Iran has humiliated the US. Donald Trump announces the withdrawal of 5000 of its troops from his country. Meanwhile, Minister Donald​Tusk, Prime Minister of the most loyal of East European states loyal to the US and the Atlantic alliance, told the Financial Times that Europe's "biggest, most important question is if the United States is ready to be as loyal as it is described in our (NATO) treaties. The question is if NATO is still an organisation ready, politically and logistically, to react - for example, against Russia if they try to​attack." The trouble is not recent but in the first year and a half of Donald Trump’s second administration these strains now seem to be building up to breaking point. The two sides of the Atlantic find themselves on opposite sides of both the major conflicts of our time, that in Ukraine and that against Iran. Tariffs on the European Union are hurting its economy. There is increasing discussion particularly in Brussels, on how that body should seek an autonomous defence infrastructure. Europe and Canada are ramping up defence expenditure and if such an infrastructure were to be built, notwithstanding the interminable squabbles of EU member countries, it would represent a major reversal of the foundation of the post Second World War North Atlantic alliance, the security umbrella that the United States provided to Europe in acceptance of US leadership. Radhika Desai and Kees van der Pijl, foremost critical international relations scholar of the Atlantic Alliance discuss
• Trump’s China Trip Was A Disaster — And It’s Getting Worse | Michael Hudson And Radhika Desai 19.05.2026 39分

  Trump had hoped to go there in triumph after an easy victory over Iran. He actually went there in despair, hoping for China’s help in cleaning up the mess he made there. Last year, he had hoped to cow China into submission with his tariffs, only to push himself in a submissive position.In Beijing, the very tone of his comments – what a great leader Xi is, how wonderful China, is, how well he gets on with everyone, and how the US and China are going to have a ‘fantastic future together’ shows that for all his grandiose plans to project US power, he has ended exactly where China wanted him, having to accept parity with China. How else did he manage to expose the reduction of US power in Beijing? Given that the meeting was initiated by the Chinese, how well did they realise what they wanted? Who budged or blinked on all the major issues: tariffs, investment, Hormuz, Taiwan, Iran’s nuclear programme? How will this summit re-shape the contest between China and the US that has shaped the 21st century? Will the retinue of CEO’s that went there get what they want? Where will it leave the Iran war? and, above all, where will it leave the world which the Trump regime, shall we call it that, has landed in chaos of one sort or another since Trump’s election, let alone his inauguration….. With me to discuss all this is the most regular of regulars, Professor Michael Hudson.
• Turning Point in the West's Century of War: Geopolitical Economy Interview with Laith Marouf 30.04.2026 47分

  In this collaboration between Radhika Desai – Geopolitical Economist and Free Palestine TV, its founder, Laith Marouf discuss the historical conjuncture of Trump and Netanyahu’s war on Iran, how it is the culmination of the West’s 100-year war, itself hundreds of years in preparation, on the West Asian region. The many questions we range over include the following: What gives Iran and the Axis of resistance its strength?How are we to understand the role of religion, particularly Shia Islam in itHow does it contrast with the instrumental use of synthetic religion in the West, whether by Hegseth or Trump or Netanyahu or Zionism?How have sanctions on Iran boomeranged even more spectacularly than those on Russia, giving that country a military confidence and autonomy few countries have enjoyed?When and how might the war on Iran end?
• The US Is Trying To Save The Dollar Ponzi Scheme With This... Swap Lines Explained w Michael Hudson 08.05.2026 45分

  In this episode, I am joined by Michael Hudson to discuss how the United States is attempting to defend dollar hegemony at a time when its global financial power is facing mounting pressure. We examine the role of swap lines, dollar liquidity, sanctions, oil politics, and the Iran crisis in sustaining a world economy still organised around the US dollar. Although swap lines may appear to be a technical instrument of central banking, they reveal something much larger about who has access to liquidity in moments of crisis, who remains dependent on Washington, and how the United States continues to use the dollar as a tool of geopolitical power. As more countries search for alternatives to the dollar system, this conversation asks whether these new financial arrangements are signs of strength or signs that the old order is beginning to crack.
• Geopolitical Economy Hour: Dedollarization and the War On Iran 11.04.2026 59分

  The illegal, criminal US-Israeli war on Iran is now almost three weeks old. There are new twists and turns by the hour. However, some things are clear. The US and Israel are not winning, Trump is desperately looking for an off ramp and even the most delusional one is not available to him given that it is not up to the US-Israeli side to end the war, only up to Iran, which is willing to fight for months, even a year, and is seeking nothing less than the exit of the US from the middle eastern region, ending a more than century long engagement. Meanwhile, the war has already had significant economic and financial effects The price of oil and gas have risenSo have prices of associated products, like fertilizerInflation and food inflation are rising.Expected cuts to interest rates are now on hold and may even turn into hikesStock markets are falling on expectations of a recessionand dollar denominated asset markets, vulnerable to higher interest rates could soon be tottering on the brink of collapse While there is a lot of commentary on all this, there is hardly any discussion of that the war on Iran means for the dollar system and to the prospects of de-dollarization? In this Geopolitical Economy Hour, Radhika Desai discusses the ins and outs of this question with Paulo Nogueira Batista Jr, who has served, inter alia, with the IMF, the New Development Bank and the Brazilian government.
• The West's International Civil War at the Munich Security Conference with K.J. Noh 22.03.2026 1時間 8分

  For the Second Year Running, the Munich Security Conference became the theater of a battle in the West’s international civil war that stretches far beyond it, turning increasing insecurity rather than managing security around the world. This war – in which the stakes seem to be not only Greenland but also regime change in Europe – pits the establishment ‘globalizing’ neoliberals against the ultra neoliberal right wing forces represented by Trump, Farage, the Alternative für Deutschland and other such forces and is waged between and within countries. In this relaunch of Geopolitical Economy Hour, Radhika Desai, Geopolitical Economist discusses the outcomes of Munich with K J Noh, one of the best informed journalists and activists on international relations and military affairs. Where does Munich leave the Atlantic Alliance? What about the US equation with China, and, for that matter Russia?
• How Can a $1.5 Trillion Military Keep Losing? | US Military Analysis By KJ Noh & Radhika Desai 15.06.2026 54分

  Is the US military worth the $1.5 trillion being spent on it? President Biden called the US militarily ‘the most powerful nation in the history of the world.’ On the campaign trail Kamala Harriss called it the ‘strongest most lethal fighting force in the world. President Trump has called it ‘the strongest military on the face of the earth’. Events, however, have belied this cross-party consensus. The Iran is clearly failing. The international relations specialist Stephen Walt today called on Trump to ‘just admit defeat’. And this most recent failure is not an exception. The ignominious defeat in Afghanistan recalled that in Vietnam, Iraq became a quagmire within a couple of years. Apart from overrunning tiny countries like Grenada and Panama, the US has no military successes to name. Before Vietnam, Korea ended in stalemate. How can such an astronomically expensive military fail so abysmally? That is the question I discuss with K J Noh, the superbly informed scholar, journalist and activist with a knack for excellent analogies…..
• The End of NATO? The West Is Splitting Over War and Empire | Interview With Werner Rügemer 10.06.2026 55分

  The relationship between the United States and Europe is often portrayed as a partnership of equals. But has Europe instead become subordinate to American financial, political and military power? In this interview, German left-wing intellectual Werner Rügemer examines the historical foundations of U.S. dominance over Europe, drawing on his book Fatal Friendship: How the USA Conquered Europe. The conversation explores Wall Street’s role in reshaping Europe after the world wars, the growing influence of firms like BlackRock and Vanguard over European capitalism, NATO and EU expansion, the confrontation with China, and the deeper crisis of the transatlantic order. At a moment of intensifying geopolitical conflict and economic instability, this discussion asks whether Europe still acts in its own interests or increasingly in Washington’s.
• Russia's Economy Isn't What the West Told You | Michael Hudson, Alan Freeman & Radhika Desai 10.06.2026 58分

  Radhika Desai and Alan Freeman discuss observations from their recent trip to Russia with Michael Hudson, analyzing the political economy of Russia today and situating its place in the shifting world order. The discussion covers Russia's efforts at Eurasion integration, the Chinese development model, prospects for multi-polarity, the connection between fascism and imperialism, and popular and political sentiment around the Ukraine War.
• Capitalism Has Entered its Most Dangerous Stage | GEH with Clara Mattei 02.06.2026 52分

  Today, as capitalism takes ever more volatile, dangerous, destructive, environmentally devastating, unequal, racist, mysogynist, exploitative, and war-like dimensions, there has been renewed critique and, inevitably, it comes from many directions. In this Geopolitical Economy Hour, Radhika, who is among these critics, is joined by a prominent representative of a different tradition of critique, someone who has spoken about escaping from capitalism, underlined its fundamentally anti democratic character, insisted on its fascistic tendencies, and criticized the fairy tales of neoclassical economics that are decreasingly able to camouflage the ills of capitalism, Clara Mattei, author of The Capital Order and Escape from Capitalism, President of the Foundation for Real Economic Emancipation (FREE) and Professor of Economics at the University of Oklahoma, Tulsa.