The End of Western Hegemony and the Future Economy

In this interview, political philosopher Govert Buijs and Ad Verbrugge discuss the transition from a globalized, financialized economy toward a more localized and sustainable model. They argue that the era of Western hegemony and the "rules-based order" is fading as geopolitical power shifts toward the BRICS nations and China. The conversation highlights the limitations of prioritizing shareholder profits, advocating instead for a stakeholder approach that values social and ecological integrity. Central to this shift is the vital role of family businesses and small-to-medium enterprises, which provide essential regional stability and practical innovation. Ultimately, the authors call for Europe to redefine its economic sovereignty by fostering a more inclusive system that balances manual labor with technological advancement.