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New Rules
New Rules provides you with an in-depth look at the geopolitical, economic, and ideological trends changing the world. The era of American global hegemony is coming to an end. What will take its place?

US Economy - Surprisingly Resilient or Potemkin Village?

New Rules_004_Michael Hudson
In this week’s episode of the New Rules podcast, host Dimitri Simes Jr. speaks with economist Michael Hudson about the Biden administration's 'class war' against working Americans, why US reindustrialization efforts are unlikely to succeed, the real purpose of sanctions, and de-dollarization.
"The United States calculated two years ago that it cannot compete with Eurasia. It's losing. It knows that it's lost the long term fight for not only dominance, but also the long term fight to be a major player," Michael Hudson said. "So [Washington] says, 'What can we do?' We know that we cannot compete with Eurasia, with China, Russia, Iran and the rest. But the one thing we can do is to lock in American prosperity by making Western Europe and the English-speaking countries, Australia and New Zealand, completely dependent on us."
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