
The podcast explores the concept of "Economic Statecraft" versus traditional economic policy, particularly in the context of US-China relations and recent events in Iran. It features Michael Every, Senior Global Strategist at Rabobank, who argues that the U.S. is strategically using economic tools to achieve geopolitical goals, a shift he terms "reverse perestroika." Every suggests Trump's administration aims to rebuild the U.S. economy towards production and military strength while containing China's influence. The discussion covers the implications of this strategy, including the potential for trade wars, the role of dollar stablecoins, and the reshaping of international alliances. Every also critiques Europe's strategic overestimation and its struggle to adapt to this new world order, especially concerning the war in Ukraine and energy security.
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