Ukraine War: How Sanctions on Russia Will Backfire Against Western Imperialism, w/ Prabhat Patnaik

The fighting in Ukraine might be a European war but its consequences are global, and it may even cause changes in geopolitical balances, relations and multipolarity. How can we understand this war as anti-imperialists? What will its global economic consequences be? And what will be the result of the unprecedented sanctions imposed on Russia?To help make sense of it all, Rania Khalek was joined by Marxist economist Prahbat Patnaik, professor emeritus at JNU and author of “A Theory of Imperialism” and the more recent “Capital and Imperialism: Theory, History, and the Present,” both co-authored with Utsa Patnaik.Articles by Prabhat Patnaik that are discussed in the video:How Countries Are Escaping Sanctions Under Neo-Liberalism: https://www.newsclick.in/How-Countries-Escaping-Sanctions-under-Neo-Liberalism How IMF Is Closely Linked With the Ukraine Crisis:https://www.newsclick.in/how-imf-closely-linked-ukraine-crisis