by Michael Hudson, The Unz Review:
In this episode of their program Geopolitical Economy Hour, 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.
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Transcript
RADHIKA DESAI: Hi everyone, welcome to the seventh Geopolitical Economy Hour, a program about the political and geopolitical economy of the fast-changing world of today. ‘m Radhika Desai.
MICHAEL HUDSON: And I’m Michael Hudson.
RADHIKA DESAI: And as some of you know I just got back from Russia which is why we are doing this show with a week’s delay.
Of course it’s been a really interesting time there. I attended many conferences, talked to loads of people: economists, political observers, commentators, etc.
Michael and I thought that what we’d do today is talk about my impressions, and also weave them into a broader discussion about how the world order is changing towards multipolarity. So many things have happened.
President Xi went to Russia, and President Macron went to China, and so many things are going on. So we’ll weave all of that into a broader discussion about my impressions from Russia.
So what Michael and I thought we’d do is focus on two particular points that we thought were interesting that I picked up when I was in Russia is that during the whirlwind of conferences that I was at, at which some very prominent Russians spoke, the one thing that I heard that was really interesting is a decisive statement coming from some of the most influential speakers, that essentially Russia is moving away from the West and will never return.
