Feb 2 • 58M

Decolonise to Decarbonise | Fadhel Kaboub

The Economics of Modern Colonialism

Open in playerListen on);

Appears in this episode

Rachel Donald
Planet: Critical is the podcast for a world in crisis. We face severe climate, energy, economic and political breakdown. Journalist Rachel Donald interviews those confronting the crisis, revealing what's really going on—and what needs to be done.
Episode details
1 comment

“You can't decarbonise a system that hasn't been decolonized yet, economically speaking. Similarly, you can't democratise a system that hasn't been decolonised yet.

“Because you can't meet the aspirations of your people and meet their needs in terms of food or housing or quality of life if your economic paralyses you and prevents you from serving those needs, and requires of you to serve the needs of the global supply chains in manufacturing or energy and so on.”


Fadhel Kaboub is a former Associate Professor of Economics at Denison University where he researched political economy, decarbonisation, colonialism, and the financial and agricultural policies necessary to facilitate a global—and just—green transition. Since recording, Fadhel has been appointed Under-Secretary-General for Financing for Development at the international intergovernmental organisation, Organisation of Educational Cooperation.

Watch on Youtube

This episode is thrilling. Fadhel explains the traps of inflation, debt, globalisation, and the financial and agricultural policies weaponised by the global north to exploit the global south. He walks us through the three structural traps which keep wealth pouring out of the global south into the global north, amounting to modern colonialism. And he explains why we can afford a just transition, revealing the exciting mechanisms of Modern Monetary Theory by exploring the solutions global south countries can implement to ensure their sustainable development.

Planet: Critical investigates why the world is in crisis—and what to do about it.

© Rachel Donald