Was 2008 a Turning Point for the Global Order? - David Harvey's Anti-Capitalist Chronicles

Professor David Harvey looks back at the financial markets of 2008 and describes his view that the economic hegemony of the U.S. was shifting towards East Asia.

"If a phase of financialization precedes a shifting hegemonic structure, it seems to me that it might be important to look at 2007-2008 and the financial problems that had led up to it which included the East Asian financial crisis, the bankruptcy of Russia, the bankruptcy of Argentina and places like that leading into the financial crisis of 2001 which then was briefly overcome by very loose monetary policy and ultimately culminating in 2007-2008. So in 2008, I kind of said well is this a sign of a shifting hegemonic condition?" - David Harvey

This clip is from David Harvey's Anti-Capitalist Chronicles S4 E11 "Shifts in World Hegemony". Watch the full episode on our channel at https://youtu.be/M_gyj0Iw0nY
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