US Economic War On Russia and China, Africa’s Revolt Against Neocolonialism

In this week’s episode of the New Rules podcast, host Dimitri Simes Jr. speaks with Jeffrey Sachs, Columbia University economist, about the failure of Western sanctions on Russia, the truth state of the Chinese economy, and Africa’s struggle against European neocolonialism. “Sanctions damage Europe, but do not cause a deep, prolonged crisis for either Russia or China. Quite the contrary. It hurts the world that we consciously divide into blocs like this, but it is not as if the whole world is ganging up on one or two countries. The more energetic and dynamic part of the world, the faster growing part of the world quantitatively, is not on the US European side of the story.” 00:00 Teaser 00:51 Can sanctions change Russian policy? 8:40 How China proved US tech sanctions don’t work 18:32 Sanctions would put Russia back to Soviet crisis of the 1980s? 25:52 Is China in an economic collapse? 34:46 “There is a huge boomerang effect of the sanctions“ 40:54 The big picture of Africa rise 49:17 Can the West stop Africa from rising? 54:42 Don’t be a stranger!