Michael Hudson and Richard Wolff break down why the US global strategy is built on economic delusions — from 100-year US Treasury IOUs, to outsourcing of critical manufacturing and dependance on monopoly tech.
As rare earth chips, supply chains and brainpower shift to Asia, the US’ plan for global dominance is increasingly delusional. Their conversation points to the risks of deindustrialization, ludicrous debt policies and the hollowing out of innovation.
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