Global Money Talk
Jan 17, 2026
We have been led to believe that money, interest rates, and GDP drive the world. But Professor James Galbraith argues that we have it backwards.
The real engine of the economy is ENERGY, not money. In this exclusive interview, James Galbraith (UT Austin) breaks down his revolutionary framework of “Entropy Economics.” He explains why the US economy has become a hollow shell of services, why Germany’s industrial collapse was inevitable after losing cheap Russian gas, and how China survived the financial crises that crushed the West.
00:00 What is “Entropy Economics”?
04:35 Why GDP is a Flawed Metric
10:02 The Shift of Manufacturing to Asia 1
1:01 Why Economies Need Regulation (Guardrails)
15:00 Comparing Regulations: US vs. China vs. Europe
19:19 Why Europe is Failing: Politics vs. Engineering
22:43 The Crisis of Resources & Population Collapse
27:33 The Right Way to Measure Inequality
31:39 Capital Controls: How to Protect Sovereignty
37:39 The “Poisoned Chalice”: The Greek Crisis Explained
40:07 Germany’s Role in the Euro Crisis
43:17 Looking Back: Could Greece Have Left the EU? 45:03 What the West Can Learn from China
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