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The Global Economy Runs on Extraction / Lalah Khalili

Artisanal cobalt miners in the democratic republic of congo

The crisis that we are seeing at this moment is in part because of the acceleration, of extraction. I think we're living in a moment in time where inequality is growing faster than at any other time in history where. The top 1% of the population in the United States hold more than 60% of the country's wealth, whereas the bottom 25% holds something like 4%. This incredible inequality has to be protected through a whole series of unpopular authoritarian measures and through the force of the gun. This world that we're living in is a world that 20th century oil, capitalism, and today's hyper accelerated extractive economy has generated.

Political Scientist Laleh Khalili joins us to discuss her new book, Extractive Capitalism: How Commodities and Cronyism Drive the Global Economy out now from Verso. "The Moment of Truth" with Jeff Dorchen follows the interview.

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Guest

Laleh Khalili

Laleh Khalili is Professor of Gulf Studies at the University of Exeter. An expert on transnational politics, she has written widely on globalisation, capital and neo-colonialism, and has worked as a consultant and an engineer. Her recent books include Extractive CapitalismSinews of War and Trade, and The Corporeal Life of Seafaring.

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