Interview with Prof. Jefferey Sachs: Will the Death of U.S. Hegemony Lead to Peace-Or World War III?
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- Опубліковано 18 тра 2024
- Full transcipt available here: schillerinstitute.com/blog/20...
Professor Jeffrey Sachs, currently a Professor at Columbia University, has held positions around the world as an economist, and has become one of the most outspoken peace advocates in the United States. This interview was conducted on May 15 by EIR’s co-editor Mike Billington.
Prof Sachs is one of the leading voices of SANITY in America today.
A visionary. 👍🤔
He has my respect, but his position on Ukraine war is totally wrong. Believing what Putz says is just wrong, always is wrong, always will be. Other than that, he is right on most things.
@@murraymadness4674So funding Azov is okay with you?
Nobel Peace Prize for Professor Jeffrey Sachs.
👍👍👍😃👌👌👌
Impossible! The Nobel Peace Prize is a political award for US hegemony, not about peace. It's decided by Norway, the country implicated in the Nordstrom bombing. Sachs as a consistent critic of US foreign policy and European inability to stand up to the US, will never be in the short list. The Nobel committee has too many bosses to please, the US being the most powerful one.
To be tared by the SAME brush as Obama. Disgusting. NO Nobel Prise is a NATO joke
Something better than the Nobel Peace prize since that has become corrupted too.
Alfred is crying as the Norwegians love war…just listen to Jens talking.
It's people like Sachs, Mearsheimer, and many others, who give us hope for a better future. Theirs are voices of sanity, more important now than ever.
Lumping an anti-China hegemonic liar as mearsheimer with a peace loving person as Mr Sachs is an insult to intelligence.
John mearsheimer is a realist who want US to shift focus to contend China. Prof Sachs advocates global peace and cooperation. They aren’t the same class.
Mersheimer is very much an American imperialist. He just disagree with the way the neocons is going about doing imperialism.
I'm probably one of the few listeners (wish this wasn't true) that never misses a session with Prof. Sachs. And I don't understand how people can continue to not look look, listen to what is happening to Americans right now. I don't understand. It boggles my mind. I'm highly appreciative. I want us all to survive, to be more than 'manage to get by.'
Sadly most Americans think my Rushmore is in “ RUSHA “ ( Russia)
Some don’t even know how many states are in America. This ignorance in America is by design. And the intellectual Americans are now the minority. It’s embarrassing.
I’m with you! So is the whole world! The world elites not so!
TLDR is rest of the world caught up, passed the US while it was fighting empire like wars and it’s own cities and society decayed as seen in other empire stories. From the outside and if you travel it’s easy to see.. from the inside not
Same here. Appreciate what Dr Sachs been doing even though cancel culture and American propaganda is dominant.
Prof. Sachs thinks like a man of conscience. But that's exactly why nobody listens, because people think politically in terms of party or some other friend/enemy distinction. Politics is different from prophecy, that's why in ancient Israel the prophets were independent of the king and priest. Politics is not the business of a man of conscience. It's the business of people like Biden or Trump and their voters. Politics is not a rational inquiry into ideal policy for an equitable economy. Politics is a contest between friends and enemies. Wherever there are friends, there are by implication outsiders. People protect their political friends before they openly recognize an outside view. Democratic politics is an electoral machine, not a democratic society. It's a game of crooks and genocidal politicians.
God bless professor Sachs, a beautiful soul. I feel good to know people like him exist. Bravo!!!
The fact is that most Americans would rather watch cartoons than listen to Jeffrey Sachs speak of our future years. I'm always intrigued when I see the few votes of appreciation for his knowledge and analysis of geopolitical realities.
The world lives in a danger zone and no one cares, except a handful or three of thinking, feeling people.
Well said
Cartoons are fun
@@tarikh20For 5 yr olds.
@@lengould9262 For adults as well. That's why we have Adult Swim.
the americans watching this are hoping or fearful of a collapse. has little to do with free thinking.
Thanks, Mike. That hour with Prof. Sachs was an hour well spent.
👌👌👌😃👍👍👍
Thank you Jefferey Sachs for your words of wisdom.
Good to hear. We have people in this civilization that want us to survive.
Prof. Sachs desires a world’s peace prize!
I ain't Christian. But blessed r d peacemakers.
My concern is if the world bully decides if they can't have the playground nobody can. Many of them also believe Armageddon is a valid religious aim.
Peace or extinction, it's our choice.
Thank you Schiller Institute for inviting one of the few humanity driven scholar. Mr Sachs is a tireless defender of common sense and universal values. Another World is an INEVITABILITY. Justice and Equality will prevail.😊😊😊😊
i so wish Australia could distance itself from USA. It is just a matter of time before USA no longer has enough influence on Indonesia etc, and can no longer threaten Australia with proxy conflict if the Australian government steps out of line.
NZ too mate
There are still way too many toadies who can’t wait to kiss Uncle Slime’s arse and spew propaganda, spin and lies on his behalf.
Europe too. EU is just a US vassal state, like Australia, NZ and Canada.
About a third of European political leaders agree for the need to distance itself from America. Hopefully, more and more will come to understand their reasoning. It needs åt least 50% swing.
I wish the UK would distance itself from the USA too...but right now I don't see the light at the end of the tunnel.
All of humanity has the right to live in peace and prosperity the so called super power us hegemony and arrogance is in the past last century, people of the world awake and say no to ones dominance of this world, our world belongs to all of us
Loved this interview!
Prof. Jeffrey Sachs should be US Secretary of State.
Excellent discussion! Thanks, both of you gentlemen.
J.Sachs a very clever, conschientious and brave man. I have followed him a long time. 🕊🕊
Thank you both
This Jeffrey fellow is impressive.
I am 47 year old male living in Poland. I do my thing but I listen and remeber, funny how many things came to pass and you can predicted tham just by using common sense and assuming that west lie.
That's a clever method of deducting the truth. Living in the Land of Lies, I've learned to do the same. Thank you.
I wish I felt good
looks like American States have to grow up.
Debate and critical thinking has been discarded. I am so disappointed with the West (US/NATO/EU/UK). We are being led by non-serious people.
There is a straightforward way for understanding this impetus toward war.
In the early 1990s, leading American economists and businessmen decided that the United States should become a financialized economy whereby wealth is generated primarily via the manipulation of financial assets and the collection of rents (mortgages, land rent, licensing fees (e.g. intellectual property), transaction fees, utility fees, etc) rather than making real products that other countries would want to buy.
Getting rid of manufacturing (i.e. deindustrialization) also meant getting rid of the overhead associated with that manufacturing (buildings and equipment that depreciates, raw material costs, energy costs, etc.) and a corresponding increase in profits. This scheme seemed to work reasonably well as long as the United States was the sole global hegemon, which was true from 1991 to ~2017. This, of course, meant, that the wealth of the United States depended almost entirely upon maintaining “full spectrum dominance” (economic, technological, military, cultural) over all other countries (i.e. Wolfowitz doctrine).
This, of course, never made any sense and reality was eventually going to assert itself. Vladimir Putin resurrected the Russian state and made it “great again” to the consternation of the neocon globalists who wanted to dismember Russia into multiple smaller countries that would be easier to dominate. Xi Jinping consolidated Chinese political unity and refocused the Chinese economy on technological, industrial, economic and military growth. Other countries of the “Global South” (India, Brazil, Indonesia, Iran, Saudi Arabia, South Africa, etc.) are also growing their economies and challenging US hegemony.
Both Russia and China now threaten to disrupt US “full spectrum dominance” and, in so doing, are set to destroy American hegemony which would undermine and collapse the overfinancializd and deindustrialized US economy. Even if the US wanted to reindustrialize, it couldn’t because of the structural financial barriers put in place to optimize a deindustrialized economy.
The US can keep borrowing US$ 1 Trillion every 100 days to keep its deindustrialized economy afloat for only so long. When foreigners cease storing their wealth in US Treasury bonds because of excessive US public debt and/or fear that these bonds may be confiscated by the US government for political reasons, the US economy WILL implode abruptly. As the late economist Herb Stein put it: “Something that cannot go on forever will stop.”
Reconfiguring the US economy to adjust to this new reality would be tremendously disruptive, painful and politically intolerable. The ruling elite fully understand that they would lose power if they attempted to do what is necessary to reconfigure and rebalance the US economy so that it is competitive in the context of a strong Russia and China.
That is why the US Plutocracy and the Deep State are trying to maintain US “full spectrum dominance” via economic and military means. This isn’t going to work, China, Russia and the Global South are pushing back, and World War 3 will be the inevitable result.
Be afraid. Be very afraid.
hope there is no ww3 😐
@@tinghan3779
That’s the whole point: We are careening inexorably toward World War 3 and NOBODY is seriously trying to STOP it. There is a lot of talk, but no action. Modern warfare is unbelievably cruel and destructive, but nobody (except for the Gazans) seems to understand that. If we don’t stop this disaster train now, the magnitude and duration of the suffering would be unimaginable.
I am not afraid as China and Russia do not, I repeat DO NOT threaten anyone. The U S. is paranoid by the threats which are generated within the dying brains of the United States of America. Look at our President who should represent our country. In order to be successful, you have to be educated and know your priorities of making Your Country to be strong facing any adversities. And what we have nowadays - a dying brain on a slow motion taking us all down. And DOWN we are going. This brain is the most dangerous as it is full of Hatred, Idiotism, Jealousy, Ego, Superiority and above all - Underestimating of Its Own Incapabilities. We do not have a chance to be The Rulers Of The World as much as we can dream of. That privilege belongs only to the Power Above Us All. Are you ready to fight against that Power?
I am not afraid, are you? Enjoy your luck if you deserve it. Hello from a very happy retiree without wishing you the best as firstly you have to deserve it.
The people in power have been so busy enriching themselves with war money they are completely oblivious to the eventual global fallout that will end with the mass murder of ordinary people like you and me, while they retreat into their underground bunkers when nuclear winter hits. Why are our voices so weak despite that we are many? They say 100 families are controlling the fates of 7 billion people.
Excellent interview
The world will become tribes within tribes and food will become the currency. You can't eat bitcoin, gold & silver. Grow your gardens peeps
Your kinda right. But food sustenance takes a little more than a garden more like a farming community. And stores till the radiation goes.
Great discussion. He has a uniquely well informed perspective.
Great discussion. Thanks.
I don't know why we call them "world war 1 -2) both were European wars.
They called the American financial crisis the Global Financial Crisis but the George Soros engineered one the Asian Financial Crisis. Laughable misnomers.
Prof. Sachs must've had a come to Jesus moment. Hard to believe this is the same man I read about in EIR in the 90s. That said, I found his views refreshing and helpful to making a positive change in these perilous times. Great interview!
Historically, no transition or handover of torch ever occurred without some form of conflict.
Quelle Sagesse Pr Sachs. Je suis admiratif
Thank you Noah, and all MWM! TO SHARE!
Thank you Professor Sachs
🇳🇿⚖️🇵🇱NO, it'll not. History shows, that an old power never goes away peacfully. Hence, the war.😮
Yes yes real peace will come in the world.
Of course, it will absolutely lead to peace.Most chaos in the world is always orchestrated by US
Thanks for sharing
Thanks for share. Very insightfully
Excellent guest.
Here is a real world example of non-bank settlement: A Serbian coworker wanted to send money home from China. She gives money to a Serb in China who exports things to Serbia. The RMB is used to buy goods in China. Those goods are shipped to Serbia. They are sold for Serbian Dinars, which are then deposited into my coworker's account. Banks were involved in making the deposits (they didn't need to be, but they were), but the banks did not do any international transfers. The transfer of value occurred via the import of goods.
Thank you.
I like to help people
Prof. Sach, well said at your closing statement.
thank you, great questions
Wow! a Jewish Professor criticizing Israel Policy is a rare sight these days.
It pays his bills, right?
Not so rare as You might think. A lot of jews share his opinion.
Because he is Jewish & what he says he has my out most respect love the man my grate respect thank yoo SIR
@@trout1187 As you said, he is Jewish and is doing absolutely nothing talking to the west, he should be talking to his fellow Jews and as such gets no thanks, respect, or anything else from the Ummah, all 2 Billion of us.
Don't say I don't talk for all Muslim, I don't have to, We all read the Qur'an and let's see what it says about the christians and the Jews.
5: 51
O YOU who have attained to faith! Do not take the Jews and the Christians for your allies: they are but allies of one another and whoever of you allies himself with them becomes, verily, one of them; behold, God does not guide such evildoers.
Is that clear enough, or is the word of God not good enough for you?
Norman Finklestein, is Noam Chomsky jewish?, Richard Wolfe, Iilan Pappe, go see Democracy Now and many independent stations. Many are authors as well.
GREAT interviewer questions!
Better hope that the super-rich corporate types who run the show understand that it will be the end for them too if someone pulls the big pin.
The American wealthy ruling class who control the bipartisan plutocracy controlling the congressional military industrial complex are delusional in thinking that their wealth protects them from harm. The wealthy American oligarchic class own million dollar bunkers in the US along with property in New Zealand. The wealthy Americans think they can ride out a nuclear war in the secure comfort of their underground bunkers. They will discover that they were wrong to place all their confidence in their million dollar bunkers because they will run out of food, water, and medicines. No one knows how long they need to stay in the bunkers because even after the destruction on the surface there will be radioactive contamination along with a nuclear winter of unknown duration perhaps 10 years.
‘Depends’ on - when others take this place like a new government, then it will fail again. When we listen to the Cosmos, we might hear this….
very wise man
Injured Tiger is the most dangerous. Didn't we see something similar for Germany in the 1930's?
I agreed. Imaging how US might feel if China became the No.1 economy in the world surpassing US tomorrow. I could totally envision the likes of Lindsay Graham, Marco Rubio, John Cotton etc. would get completely insane.
peace progress prosperity
So who holds this debt? Banks? Maybe we should just tell them we WONT pay them. What would they do?
Typical American thinking.You would expect those that owe you to pay though.No wonder America is losing friends all over the world.😂😂
Yes.
Sachs is a tiny Noam Chomsky: a know-it-all.
Great discussion gents from rural hq of "Operation Shamrock ☘ 20,21,22,23,24 " in rural County Galway, Ireland.
We just push the 3 leaf ☘ of St Patrick as a metaphor for Peace for all male and female inhabitants of this Planet.
We are all sick and tired of the divisions created by the "Elites" and their agents of death, destruction, doom and depression.
We can all live together.
Respect each other and appreciate free speech and discussion .
Try to prioritise
1, God/Source/Creator.
2, Family.
3, Community and Country.
If we start there with each leaf representing ones priorities then we can all get along without all this military industrial complexes, hegemony, division hate etc.
This world is self sufficient.
We have abundance.
We can do this people.
We owe it to each other.
We owe it to our ancestors and our future generations.
Thanks for reading this far.
" Operation Shamrock ☘ 20,21,22,23,24 " bids all humanity a beautiful ,safe and loving future.
Enough of the Pain.
Lets all work for Joy.
Message dispatched from God's Green Acre with Love.❤💚🇨🇮✌🚜🙏🙏🙏
Great overall goal, BUT! You must ditch the religious thing. Religion is simply a weird construct of the warlords which they use to assemble armies with which to attack other warlords.
Read a science book. Learn the scientific process (many who claim to be scientists don't follow it).
It would be nice if they could find a way to make it not hurt so much all the time
In the face of adversity, the world's solidarity with Ukraine ignites a profound sense of pride and joy.
Only the anglo saxon lands and EU. Most of the world sees these countries , especially USA, as hippocrites and therefore take a neutral position. They also get two sides of the story we only get one.
It is ALWAYS a pleasure to listen to Prof. Sachs AND always so informative
I really like Sachs on a range of issues, but anyone sounding an alarm on public debt fails to understand that all govt spending is a transaction for something and not driven by natl income. The argument should be about the "something" not the debt to income ratio. Also Japan has entered the chat.
Is there a way to save the world by saving America?
It may improve the U.S. economy, taxpayers can only take on so much debt… giving out money to ever increasing demands from other countries. There are 8 billion people with their hands out for ‘flourishing’ money…..let them earn their own flourishing money and sustainable development goals!
I would argue its likely to cause both.
If US truly peace loving \US policy will be peace
How to profit… how to bully others if the peace on everywhere?
We didn’t go by the agreement with Russia, why go be any agreement. It’ll be wasting time to have any
✌️✌️✌️✌️✌️✌️✌️👏👏👏👏👏
👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👏👏👏
When the Dollar became a weapon. 🤔( "Green Fire", geoff nelson hill, author UK ) 🌈🦉
US was spending 2bln daily in Afghanistan.
Whose money will be ysedto rebuild gaza
Jared Kussner will get the US government to print money in order to rebuild it and then he’ll sell real estate there for profit
😎🤙🏻
This wonderful meeting frankie had with the Sultan, you should be aware that the Sultan was looking at frankie and remembering his Qur'an where Allah (Subhanahu wa ta'ala) told us all in 5: 51
O YOU who have attained to faith! Do not take the Jews and the Christians for your allies: they are but allies of one another and whoever of you allies himself with them becomes, verily, one of them; behold, God does not guide such evildoers.
A little bit of actual background gives you an idea of what we thought of the wonderful meeting that seems to have buttered your parsnips somewhat.
So, great story bro.
It is just brain waves of human nocturnal leadership in political command of countries.
Jefferey saxophony is expert on his own opinion
Having enemies is a concept for little kids.
> Having enemies is a concept for little kids.
That's a TERRIBLE sentiment. WHO is (or who do YOU think) teaching those kids to believe in 'enemies'?
@@rabbitcreative You had no bullies in school? Where did you grow up?
The America is a little kid.It is allways at war with its "enemies"😂😂😂
Both parties want to cut social support programs not war mongering
Islam would take over. Already in action
The End of US Hegemony might end with WW3.
Islam Palestine did not exist prior 700s. That territory was full of christians and Jewish. I really don't understand the Palestinian state obsession. That would not stop Hamas or inherent islam enmity with the Jewish. Palestina state is like having your enemy moving right next to you.
When the US dollar ceased to be the international currency then the hegemony stops and do will the wars.
Lol
look up what the Prophet Mohammad has said about this time we live in. You will be stunned by the accuracy and what he said is like he said it today live
The fact that he thinks China and Russia are not a thereat to US is misguided. They obviously are but the way US decides to deal with those threats is counterproductive
“There’s no consensus about what government should do or how to fund it”
this