In this semi-regular slot, we respond to your comments and criticisms received over the past month or so.
On US foreign policy.
Following on from our episode on the political-economy of dollar hegemony (no. 139), we turn to look at how the dollar underpins American empire. Is 'permawar' a product of structural factors, rather than merely the result of poor policy decisions? And how is this related to the global financial architecture?
We also discuss how the current period fits into US history, how US foreign policy might evolve over the next four years, and what a left-wing alternative foreign policy might look like.
Readings:
On Lebanon's crisis.
We call up Rima Majed in Beirut to talk us through the aftermath of the enormous explosion and ensuing protests. How has Lebanon's history since the civil war created such a profound, multi-layered crisis? We cover the desperate economic situation and the October 2019 revolt, before going deep on the politics of sectarianism, the regional scenario impacting Lebanon, the legacy of the Arab Spring, and the risks of foreign intervention.
Running Order:
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Readings (all Rima Majed):
In this latest Three Articles, we discuss the durability or otherwise of right-populism in the UK, US and Brazil.
On dollar hegemony.
Dutch disease has long been seen as the curse of resource-rich economies in which a currency appreciates and jobs are lost overseas. But what if the greenback is having the same effects on the US economy, the largest in the world? Many historians and economists have studied the global effects of having the dollar as the world’s reserve currency. But what is the effect on the US economy itself? The authors of an influential essay on this question join us to talk about the feedback effects of dollar hegemony.
Readings:
