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What is financial hegemony, and how does it end? | Coffee break research at LSE

Since the mid-20th century, the US government, companies, and financial sector have greatly benefitted from global financial dominance – or ‘‘hegemony’’.
Since the mid-20th century, the US government, companies, and financial sector have greatly benefitted from global financial dominance – or ‘‘hegemony’’.
Wednesday 10 December 2025 | 22 minutes 56 seconds

Since the mid-20th century, the US government, companies, and financial sector have greatly benefitted from global financial dominance – or ‘‘hegemony’’.

In this talk, Dr Benjamin Braun examines the likely implications of the policies of the second Trump administration for US financial hegemony. How do other financial centres react? Are foreign investors pivoting away from US financial assets? And how high of a global price are major Wall Street actors willing to pay for tax cuts and deregulation at home?

Dr Benjamin Braun is an assistant professor in political economy in the European Institute at LSE, https://www.lse.ac.uk/people/benjamin-braun

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