What is the real state of the world economy? This webinar on 28 January 2022, organized by the International Manifesto Group, assessed the relative strengths of the two most important protagonists, China and the US. As the rift between them deepens with the threat of direct military confrontation looming, propaganda has virtually replaced hard facts. Speakers included Michael Hudson, Mick Dunford, Michael Roberts and Alan Freeman. The webinar was introduced and moderated by Radhika Desai. This report was originally published on New Cold War.
Introduction by Radhika Desai
Rumour and speculation are swirling about the USA’s post-COVID recovery whilst allegations that China is suffering a ‘slowdown’ are hard to distinguish from simple Cold War hype. At stake also are the social systems of the two economies, as the USA still struggles to throw off the pandemic by opening the vaults to Big Pharma, whilst China reigns in its property speculators and private technology companies ,and goes ever more green, at the same time ambitiously recentring its economy in response to the USA’s aggressive trade and technology restrictions. Our panel’s three experts will dissect the war of words and detach facts from flimflam.
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