The application of Neoliberal Economics had its beginning with Margaret Thatcher and Ronald Reagan in the 1980s. It held its sway for almost four decades starting when China allowed G-7 capital to exploit a vast pool of labor power, but unlike in the past when it resulted in failed economics in the Third World, China rose as an economic giant in just three decades, with the Communist Party of China firmly controlling the process. The US workers largely lost good industrial wages even as they benefited from cheaper consumer products imported from China in these three decades. But lately the Chinese economy has also run into a slowdown and as shown by the recent parliamentary elections in India and Mexico, the Neoliberal Economics has lost support from the vast majority of these two countries and there appears to be opposition to it in China as well. Prof. Desai’s talk will focus on this core issue and how it is related to the decline of the G-7 group of countries, and its impact on the geopolitics and the ongoing conflicts in Ukraine and Palestine.​

Radhika Desai is the convener of the International Manifesto Group (https://internationalmanifesto.org/), which analyzes the fast-changing political and geopolitical economy of the world order. From around the world, they represent a diversity of currents of anti-imperialist socialist thought.

Dr. Desai is professor at the Department of Political Studies and director of the Geopolitical Economy Research Group, University of Manitoba. Among her many publications are Geopolitical Economy: After US Hegemony, Globalization and Empire and Intellectuals and Socialism: ‘Social Democrats’ and the Labour Party. She is also the author of numerous articles in Economic and Political Weekly, International Critical Thought, New Left Review, Third World Quarterly, World Review of Political Economy and other journals and in edited collections on parties, political economy, culture, and nationalism. With Alan Freeman, she co-edits the Geopolitical Economy book series with Manchester University Press and the Future of Capitalism book series with Pluto Press.

Her article, “The Long Shadow of Hiroshima: Capitalism and Nuclear Weapons, International Critical Thought,” was published online: 08 Apr 2022

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