#88 Triple shock in the global south - oil, debt, and Covid-19 w/ Adam Hanieh

Politics Theory Other

Adam Hanieh joins me to talk about the challenges Covid-19 and the debt crisis pose to countries in the global south, how western economic and military intervention has undermined state capacity needed to combat the pandemic, and finally we discussed Adam's argument that the crisis may paradoxically be in certain respects beneficial for the oil majors and the richest oil producing countries - in spite of last month's collapse in oil prices. Our conversation was prompted by two articles by Adam for the Verso books blog: This is a Global Pandemic – Let’s Treat it as Such https://www.versobooks.com/blogs/4623-this-is-a-global-pandemic-let-s-treat-it-as-such When Oil Markets Go Viral https://www.versobooks.com/blogs/4651-when-oil-markets-go-viral