National Capitalism: A New Era of Economic Survival?

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 5 December 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the global financial system shifts under the weight of geopolitical tensions and Chinese economic policy reversals, Russell Napier introduces a concept that could redefine the next decade: National Capitalism. This podcast unpacks the startling implications of a system where governments force domestic savings to fund national priorities, effectively ending the free flow of global capital. With 57.2 trillion USD in U.S. assets owned by foreigners and 77% of U.S. GDP reliant on external creditors, the stakes are higher than ever. Could rising Chinese inflation, a faltering U.S. debt system, and Europe’s internal pressures spark a new financial architecture? From how Ireland might adapt to a national savings mandate to whether young people could finally claw back wealth from older generations, this episode dives into the economic, generational, and geopolitical ripple effects of a post-globalist world.

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Transcript

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