Decline of the US & Europe: Bad economics, sanctions, doomed rearmament (Prof. James Galbraith)

On this episode of New Order, we speak to Prof. James Galbraith, Author of ‘The Power to Destroy: How Bad Economics Drove America’s Decline’. He discusses the risk of another major European war and the drive towards re-militarization as Europe’s industries decline, how US sanctions against Russia failed to bring the country to its knees and instead gifted its economy more autonomy, why military Keynesianism will not cause an economic renewal for the US and European countries, China’s de-centralized economic model, the pace of de-dollarization, whether the move away from the US-dominated financial system is as fast as we think, and much more.

Finally, New Order’s Zarah Khan asks questions from you the viewers to Afshin Rattansi. You can send in your questions to be answered to @AfshinRattansi on X to be answered on next week’s episode!