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How the Wealth Gap Drives Imbalances in Global Trade & Finance | Michael Pettis

May 18, 2020
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Hidden Forces

Description

In Episode 137, Demetri Kofinas speaks with professor of finance at Peking University, Michael Pettis about his and Matthew Klein’s latest book, “Trade Wars are Class Wars,” which looks at how rising inequality within countries heightens trade conflicts between them. The conversation also includes a discussion about how the imbalances discussed in this episode are now seeping into our systems of government, turning a financial crisis into a political one.