https://youtu.be/sYMUa8DEO8k?si=zuEuLfNgS4sySRhU<
Who Writes the New Rules? A Return to Keynes' Forgotten Bancor Plan?| Michael
Hudson
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Aug8
2025
In this video, economist and author Michael Hudson analyzes the fundamental reasons why Global South nations have struggled to develop in the postwar era. He argues that to break free from the debt traps embedded in the postwar economic order, debt restructuring is far from sufficient - debts must be explicitly repudiated. Hudson also offers profound insights into what the global economy could look like after the collapse of the dollar-based system, and how a new order might emerge.
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