Lisandro Claudio joins Danny and Derek to explore how US colonial austerity shaped the Philippines and continues to influence its economy and politics today.
Phillipines President Ferdinand and Imelda Marcos at the White House with US President Ronald Reagan in 1982.(Universal History Archive / Universal Images Group via Getty Images)
Danny and Derek welcome historian Lisandro Claudio back to the program to talk about how austerity, first imposed by the US during its colonial rule of the Philippines, continues to influence the Filipino political economy. They discuss the colonial gold standard, dollar diplomacy, Miguel Cuaderno and the Central Bank of the Philippines, Ferdinand Marcos being forced to depreciate the peso, the Filipino left’s anti-debt stance, and the country’s dependency on exported labor.Grab your copy of Lisandro’s book The Profligate Colonial: How the US Exported Austerity to the Philippines.
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Derek has returned, but he keeps trying to get Danny to go to some seminar led by a charismatic “mentor” he encountered in his travels. In this week’s news: war breaks out in Ethiopia’s Tigray region (0:43); Flavio Bolsonaro wins the first round of Brazil’s presidential election as the right makes major gains (6:46); in Yemen, the government’s counteroffensive against Ansar Allah stalls (9:51), the group attacks airports in Saudi Arabia and Yemen (12:40), and Saudi Arabia seeks outside military support (13:42); the U.S. prepares to resume its war against Iran as the Islamic Republic intensifies attacks on oil tankers near the Strait of Hormuz (17:44); in Japan, a U.S. Marine’s arrest for alleged murder sparks protests against the American military presence on Okinawa (22:18); Sudan’s military advances in North Kordofan (25:20) and Sudanese military chief Abdel Fattah al-Burhan rejects peace talks (28:06); in Mali, Tuareg rebels withdraw from Kidal as government forces retake the town (29:54); the U.S. and the WHO seek information about suspected plague cases at a Russian lab (29:54); Russian attacks across Ukraine kill at least 25 (32:57); Spanish Prime Minister Pedro Sánchez calls a snap election (35:00); the U.S. bombs another alleged drug boat in the Caribbean (37:12); and Trump creates a new AI task force called the Super Intelligence Force (38:12).
Note: Since recording, Trump has said that the U.S. will not attack Iran before the November midterm elections.
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Daniel BessnerTwitterDaniel Bessner is a historian of US foreign relations and is the author of, among other books, Imperialist Realism.
Derek DavisonDerek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.