Episode Details
Back to EpisodesWarwick Powell: Global Conflict Symptom of Underlying Economic Transformations
Description
Warwick Powell discusses the East versus West conflict which is largely a symptom of the underlying economic transformations underway. There is a massive disconnect between the economy of exchange value and use value in the West which has led to a hollowing out of the economy resulting in political crises. The Global North feel their “distributional setup” is under threat and so the only way to stem the tide is to impose a set of militarily enforceable arrangements to deny the Global South the ability to become capable of creating value. Russia and China are better at harnessing AI, particularly to drive production efficiencies. He comments on currency multipolarity, dedollarization, Digital Westphalia, and describes the suspension of liberties in the West as an autoimmune response. Regarding the Algorithm Ghetto, there is slippage meaning it can’t be implemented perfectly and technology inevitably brings with it possibilities of all sorts of resistance. The West is going to step up its Color Revolution-style regime change operations. Multipolarity is about the reassertion of sovereignty and an increased interoperability of states. The world is tired of Western hegemony and now has the courage and means to confront it. The challenge will be to avoid kinetic conflict.
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