Shifts in World Hegemony

In this episode of ACC, Prof. Harvey discusses the new book by Brad Delong, “Slouching Toward Utopia,” which aims to explain the massive creation of wealth over the last 150 years for the upper and middle class, its effect on the world order and why it’s failed to deliver an increasing sense of happiness among that top 50%. Harvey takes us through the history of the various world powers, from Italian city-states to the rise of the US as the global hegemon and the present shift in power that has emerged with China’s rapid economic growth.