Mostly Economics Podcast #48: US Control over the International Financial System with Mark Weisbrot

Dean Baker speaks with economist and CEPR co-founder and co-director Mark Weisbrot about the rare conditions that prompted the IMF to issue a lifeline to developing countries in the form of Special Drawing Rights (SDRs) in 2021, defying the US treasury. Allocating SDRs helped the global south, but it was just as much a rescue mission for the global economy, an action that had the support of Wall Street. Dean and Mark also discuss the US' deadly blockade and widespread sanctions regime that continues to immiserate the people of Cuba, Venezuela, and other sovereign nations opposed to US hegemony.

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