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EQUALS: Reimagining Our Economy
War, Oil, and Inequality: Who Wins and Who Loses
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About this episode
In this episode, Adam Hanieh explains why crises like war, financial shocks, and pandemics don’t stay where they start. They move through the structures of the global economy. He explains how the effect of the Middle East war is going to move beyond borders through energy prices, food prices and security and consequently high cost of living, hitting the poorest of the population the hardest. Drawing on the aftermath of the 2008 financial crisis and the COVID-19 pandemic, Adam shows how these shocks consistently deepen inequality, hitting the most vulnerable hardest. He unpacks the central role of the Gulf countries in global supply chains, from oil and gas to fertilisers and industrial…