The new world order is here and neoliberalism is dead

Video Description

The world order is changing. Military power no longer guarantees victory, economic warfare is replacing invasion, and identity politics are proving stronger than force. In this video, I explain why the old assumptions of geopolitics — that superpowers always win, that regime change can be imposed from outside, that missiles settle disputes — are collapsing before our eyes. Russia cannot defeat Ukraine despite overwhelming military power. Iran is standing up to US foreign policy and outlasting the bombardment. Israel's regional dominance faces an uncertain future. These aren't isolated events — they represent a fundamental power shift in international relations. War is becoming an economic process, not a military one. Supply chains, resources, and economic resilience now determine who survives. Sanctions and trade are being weaponised by smaller states fighting back, not just by the aggressors who once controlled them. Meanwhile, soft power in the West has collapsed. Neoliberalism is failing at home — inequality, instability, and domestic discontent in the USA, UK, France, and Germany mean nobody wants to import our political economy model any more. The credibility of Western diplomacy is in freefall. What replaces it? A politics of care, cooperation, and respect — or more chaos. That's the choice we face. This is geopolitics explained honestly, and it matters to every one of us. Check out the poll below: https://www.youtube.com/post/Ugkx47sttRQAgS4xHcXJCNHssa5w_W9Ki2BF 00:00 — Political economy and shifting global power 01:10 — Why old assumptions about power no longer hold 02:20 — Russia, Ukraine and the limits of military dominance 03:30 — The US, Iran and the failure of short wars 04:40 — Israel’s changing position and the end of certainty 05:40 — War becomes economic: supply chains, sanctions and resilience 06:50 — Identity, culture and resistance to imposed power 07:50 — Decline of neoliberalism and Western influence 08:40 — The rise of soft power, uncertainty and new conflict models 09:20 — Conclusion: towards a politics of care in a new world TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/ HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurphy.bsky.social OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060 PLAYLISTS: The Wealth Series https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD Ecenomics https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4 Britain https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10 Tax https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY MMT https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX Money https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m Climate Change https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ USA https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H Labour https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw The Trump Administration https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx #PoliticalEconomy #GlobalPowerShift #Geopolitics #WarAndEconomics #MiddleEastWar #UkraineWar #USPolitics #IranConflict #IsraelIran #GlobalInstability #EconomicPower #SoftPower #Neoliberalism #GlobalEconomy #SupplyChains #EconomicWarfare #GeopoliticalRisk #WorldPolitics #InternationalRelations #EconomicResilience #PoliticsOfCare #GlobalChange #EconomicShift #FutureOfWar #GlobalUncertainty #FundingTheFuture #EconomicAnalysis #PowerAndPolitics #GlobalConflict #NewWorldOrder