November 30, 2025 • 9 mins
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Danny and Derek speak to Ilias Alami, assistant professor of political economy at Cambridge, about the global shift from neoliberalism to new forms of state capitalism. They discuss the rebalancing of economic power toward East Asia; sovereign wealth funds, policy banks, and state-owned enterprises; and the role of states in industrial strategy, technology, and supply chains. They also touch on China, AI, and the overlap between economic rivalry and geopolitical confrontation.
Check out the book Ilias co-authored, The Spectre of State Capitalism.
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