Richard Wolff on the decline of the US empire and the denial of the US

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Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor in the Graduate Program in International Affairs of the New School University, NYC. He is the founder of Democracy at Work and host of their nationally syndicated show Economic Update. His latest book is The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself, which can be found along with his other books Understanding Socialism and Understanding Marxism at www.democracyatwork.info.
The Community Church of Boston: A Peace and Justice Congregation Since 1920
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Опубликовано:

1 фев 2023

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Комментарии : 6 тыс.

@harmonsalmon7739 Год назад

I nearly died crying for my mum who had paid in the tax system for over 40 years, now every time she collects her pension, and paired with over 20 % tax on it, I ask why? you paid tax on your earning, you know pay tax on your pension, what is going on?. The system is broken or corrupted, it is obvious to everyone.

@owenlewis8504

It's good to hear an educated American telling us what the rest of the world has known about American attitudes for decades.

@giselapfeifer4666 Год назад

Mr Putin is actually a very nice person and respected by the Russian people.. He is forced to defend his country against America hegemony and imperialism..

@judycallaghan4889

I said that a long time ago. "We need to get along with China." They have a billion of PEOPLE!

@rdlewis3616

I graduated from college in 1972, and I have realized that my generation got screwed in more ways than one: Vietnam, stagnant wages, loss of pensions, and a manipulated stock market.

@macpduff2119

My husband and I married 1969 with college degrees, and we entered the work force 1970, - just in time to notice the decline in salaries. Sadly, the Boomers in the 1970's and 1980's didn't have the internet to gain knowledge from, so we suffered in silence, thinking that we were to blame for small wage increases and layoffs. We couldn't understand why we were not achieving the growth our parents didThe internet has made people like you available and now it's easier to understand the bigger picture.

@harrycourtney7971

I lived through the '50s, '60s, '70s, and so on. Thank you Dr. Wolff for providing the best insight ever explaining the economic, social, and political strife engulfing our country and the rest of the world. We all need to get our heads in the right place to work through this.

@johnmccloskey6668

Thank you for the lesson in history which is very much true. I don't recall you reminding your listeners, that history usually repeats itself. Unfortunately, the greed of corporations are one of the largest contributors to the inequalities of this nation. If left unchecked the downfall of The USA is inevitable. Denial and the inability to act soon will undoubtedly seal our fate. Well done Sir.

@faustinoco3933 Год назад

Homelessness, drug addiction, poverty are manifestations of a society in decay.

@loiscutting1716

It is refreshing to hear someone speak the truth about what i have thought was going on in the US, Russia and China. The greed in this county has risen to exponential heights with our country in serious decline.

@BlackSwanCapitalist

You're absolutely right, we're in a situation where currencies are losing purchasing power faster then we can earn them

@meteor901

This explains so much. And it makes me want to weep having lived through it at the age of 71. I worry about what is ahead for my children and society in general

@JeBubbieSpubbies Год назад

I should also note that Professor Wolf's assessment of the Russian economy is unfortunately still rooted in Western concepts of "GDP", when in real economic terms the Russian Federation has an extraordinarily larger, more flexible and more important economy than Italy's. Italy could never weather the economic war the way Russia has. Russia's state capitalist economy is hugely important to world at the present moment, and it would be naive to play into the Western narrative that Russia is a "small economy" or a "gas station masquerading as a country" as it was so arrogantly put by warmonger John McCain.

@hoseadouglassamson2880 Год назад

Wow, that is clear explanation of the collapse of the family and society

@Elizabeth-gz4kc

The hour spent listening to this podcast was one of the most valuable and important hours in my life. Thank you for your clarity and concise honesty Dr Wolff...words to walk with into the future, hopefully a future of solidarity and not disparity 🕶️

@henriknielsen1662

This is brilliant, thank you.

@Nernst96

I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve

@MidnightTheOne Год назад

Great talk. The Ukraine issue has sped up global multipolarity, with several non-western nations with natural reserves in abundance wanting to join BRICS.

@MargareteQuehenberger

Dear Mister Wolff, I am from Salzburg, Austria. Just now, in the morning, listening to you, I had to stop because the urgent need to express my gratitude to you.

@RivenRock300

I'm 78 and remember everything he is saying . In the late 60's to the 70's anyone with a decent full time job could buy a brand new well equipped car and pay it off in 3 years ( that was the normal payment time .) My parents bought a two bedroom house with full basement and space on second floor to add 2 more bedrooms for 11,000 in 1956 . That same house now list for 350,000.