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Podcast: Cosmopod
Episode: Invisible Empire: The Global Power of Finance with Tony Norfield
Description: Rudy joins Tony Norfield, author of The City: London and the Global Power of Finance (Verso Books) for a broad theoretical practical discussion on the topic of finance. We discuss Hilferding and Lenin's theories of finance and imperialism, and where they are lacking, how finance is used to enforce global domination today, the exorbitant privilege of the dollar, the discussions around the rate of profit, the role of China and the Belt & Road Initiative, cryptocurrencies and Norfield's outlook for the future.