In an interview posted (at least for now!) on YouTube, Sergei Glazyev, economics professor, member of the Russian Academy of sciences, and friend of the Schiller Institute and LaRouche movement, presented his view that a new world economic order is developing, to replace the current bankrupt one.
According to a machine translation of the video description, Glazyev said that the Anglo-American theft of hundreds of billions of dollars of Russia’s money is an act that is typical of piracy. He likened this to the British Empire’s accumulation of wealth through plundering others. He called this an inherent disease of the Anglo-Saxon financial system.
Just as the Soviet system collapsed 30 years ago, now the American-centered system has collapsed.
Anglo-Saxon politics may have the goal of destroying Russia, but in reality the West is destroying itself through imposing sanctions. Russians and others must understand that it is necessary to get rid of the dollar. It is poisonous. What need does anyone have for a currency that you can’t work with, can’t buy anything with, and which may be frozen tomorrow?
He expressed optimism that Russia has no limits to economic growth, and that with the right macroeconomic policies Russia could achieve a growth rate of 10% per year. Increasing the supply of goods, he said, is the best means of macroeconomic stabilization.
