BRICS must replace the authoritarian US international financial system, says Prof. Steve Keen

On this episode of Going Underground, we speak to Prof. Steve Keen, Distinguished Fellow at UCL’s Institute for Strategy Resilience and Security. He discusses the ‘failed sideshow’ of the G20 and the non-attendance of the leaders of the big powers, the high levels of private debt crushing the poor and reducing demand across the West, the zero-sum games of FDI-led growth and war-led growth that the US is trying to pursue under Donald Trump, the short-sighted and ludicrous economic aims of our contemporary leaders, the elite increasing their wealth and power through war while ignoring growing private debt, the IMF being a major destabilizing force causing economic misery in Africa, Washington’s weaponization of the US dollar and use of the international commerce system against Russia, Iran, and others, the catastrophic economic impact of Europe cutting itself off from cheap Russian energy, the need for BRICS to create an alternative international financial system to replace the US’ flawed and authoritarian system, some of Donald Trump’s good economic instincts which are in tune with the demands of the working class, and much more.

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