What is the path to peace for the war in Ukraine? Is America still powerful enough to impose global order? The US has just 4.1% of the world's population, while the BRICS countries have 41.5%. In this conversation with economist Jeffrey Sachs, we discuss the origins of the conflict in Ukraine and NATO enlargement, US-China relations, and the decline of US dominance.

Jeffrey Sachs is Director of the Center for Sustainable Development at Columbia University and President of the UN Sustainable Development Solutions Network, Sachs has been Special Advisor to three United Nations Secretaries-General. He was an economic adviser to Gorbachev, Yeltsin, and Former President of Ukraine, Leonid Kuchma. Sachs was twice named among Time magazine’s 100 most influential world leaders, received the Tang Prize in Sustainable Development, the Legion of Honor from France, and was co-recipient of the Blue Planet Prize. He is Co-Chair of the Council of Engineers for the Energy Transition, and academician of the Pontifical Academy of Social Sciences at the Vatican.

Sachs has authored and edited numerous books, including three New York Times bestsellers: The End of Poverty (2005), Common Wealth: Economics for a Crowded Planet (2008), and The Price of Civilization (2011).

"The US has militarized the dollar. Meaning that usually, you think about money, well, you have it, you can use it, you can spend it. But the United States has come to say: if we don't like you, you don't necessarily have access to your money anymore if it's in our banks. So the US froze the dollar holdings of Russia. The US has frozen the dollar holdings of Venezuela. The US froze the dollar holdings of Afghanistan. My advice to any government that's not getting along with the US government is be careful about your money because the US might come in and freeze your money. And so countries are looking to hold their reserves in other ways now. Perfectly understandable. And I think that this is another part of the move to an international system from a dollar-based international system."

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