Welcome to today's program. My name is Glenn Dyson. I'm a professor of political science.

With me is Alexander Mercurus from the excellent Duran.

And today we're speaking with Professor Jeffrey Sachs, an economist who advised several countries transitioning to capitalism,

including Poland, the Soviet Union, and then Russia.

In fact, Jeffrey Sachs was there, if I'm not mistaken, across from the table of Yeltsin,

when he announced the dissolution of the Soviet Union.

So, yeah, welcome back, Professor Sachs.

It's good to see you again.

Great to be with you, Glenn, and Alexander.

Terrific. So today we want to discuss this economic war between China and the United States.

Because a key challenge for the U.S., well, in my opinion, at least,, is committed itself to a hegemonic strategy in which stability and peace is believed to necessitate the endurance of hegemony and perpetuity.

So this creates certain problems when other centers of power rise has little scope for accommodating the rise of other countries, at least

as equals.

So the rise of China is currently, I guess, the most relevant example, as its may rise

undermines the US-led order.

So we therefore see this very fierce economic war with the explicit goal of slowing down or even scaling back China's economic

development. However, as you have pointed out in an article, this also applies to allies.

You wrote this article, comparing the U.S. economic war against China with the economic strike, if you will, against Japan in the 1980s.

So at that time, as we remember, Japanese were becoming, as you phrased, too successful and how to be taken down a peg.

I was wondering if you could explain or elaborate on your arguments.

Thanks a lot. I think the starting point is an ideology which is inconsistent with reality,

and that is the idea of being a global hegemon. There really have not been global hegemon's in human history, and I don't think there

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