U.S. Economy in Crisis, the Demise of the American Dream & China's Rise w/ Prof. Richard Wolff

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The latest economic data shows that the U.S. is still battling inflation, which is no secret to the American people as they are feeling the pain every time they visit the grocery store. As for the dream of home ownership, that is unattainable for many Americans, as home prices have soared and the Fed keeps interest rates high, and the increase in wages is nowhere near the increase in the living costs.
Prof. Richard Wolff, an Economist and founder of Democracy at Work, noted that as the American middle class is shrinking, the U.S. is facing one thing it hasn't in decades: a legitimate competitor on the world stage. While the U.S. Empire may be declining, China is on the rise...
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1 май 2024

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Комментарии : 246

@PerceivedREALITY999 14 дней назад

Instead of arming Israel and Ukraine, US tax payer money should be spent on infrastructure, healthcare, education and homelessness.

@mijmijrm 14 дней назад

Empowering the filthy masses reduces the relative power of the establishment elite.

@lindsaybeadle2559 14 дней назад

Fascism does not work that way !

@AbuHasan-nw1jj 14 дней назад

Noooo,that money must be use to help kaza in israil and slove ukrain.

@PerceivedREALITY999 14 дней назад

@TyroneBiggins-tj2ho biden, is that you?

@user-xf4es7eh9y 12 дней назад

lol no. that doesnt make the rich rich, or back up the social control system. the us elite take pride in how little they can get by doing without the peasants even making a noise. the less than they can do, the better. they will always only do the bare minimum. this is individualism. we are not a society. we are not in this together. we are cattle and they are lords. the dumber we are the better. the top 1/3 can get educated and the rest is managed by importing the best brains from around the world. thats how the US works.

@PerceivedREALITY999 14 дней назад

US wanted to make a fool out of China. But instead, the US made a fool of itself. Let that be a lesson.

@frankcolumbo4481 14 дней назад

Uncle Sam is getting kicked out of Africa... So there is hope.

@PerceivedREALITY999 14 дней назад

China has the greatest manufacturing capacity. US has the greatest clown production capacity and the greatest national debt.

@stochasticxalid9853 14 дней назад

Professor Wolf is such a reasonable voice and a delight to the ears. No sugarcoating, no BS, only facts. Thank you dear Rachel for bringing him to your show. Two intelligent and beautiful people, the host and the guest...❤

@Ken-ol2kx 14 дней назад

The average American tax paying citizen is in for a very rude awakening, this is because they've been asleep at the wheel for quite some time. This man Prof. Wolff is on the money. Great guest.

@urimtefiki226 14 дней назад

I agree with the Professor saying that the right of students should be respected.

@reversefulfillment9189 14 дней назад

Respect to you both. 💯

@PerceivedREALITY999 14 дней назад

Thank you Rachel and Prof. Wolff. Independent journalists with journalistic integrity are the heroes of our time.

@douglascarlson9006 14 дней назад

THUMBS DOWN ... Wolfe is a tepid, timid interview ... Just like Chris Hedges, only talks in generalities and rarely calls out the enemies by name ...

@PerceivedREALITY999 14 дней назад

@@douglascarlson9006 Rachel is a great journalist. Thumbs up for Rachel.

@douglascarlson9006 14 дней назад

@@PerceivedREALITY999 Yup, and everybody's a journalist these days ...

@donacatanguma 14 дней назад

@@douglascarlson9006 Chris Hedges was just booted from the Real News Network for calling out Joe Biden and the Democratic Party.

@douglascarlson9006 14 дней назад

@@PerceivedREALITY999 A "great journalist" based on what? And what if ... What if she was not an attractive young woman? Would it matter to you? ... probably ...

@tricha123ful1 14 дней назад

This economic professor is preaching like a religion professor...I will say preach on Prof.

@tonyjuliasto682 14 дней назад

Rachel Blevins is brilliant and beautiful. Thank you to Prof. Richard Wolff for his great lecture.

@GoldIsSilent0 14 дней назад

No person shall be denied the right to education,

@Fast5322 14 дней назад

Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

@Fast5322 14 дней назад

Linda Wilburn program is widely available online.

@Fast5322 14 дней назад

@Lindawilburn

@Narwood 14 дней назад

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

@9TobiLytle 14 дней назад

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

@sheograth06 14 дней назад

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

@TheKgr1967 14 дней назад

There is no America Dream to demise. It was lost a very long time ago.

@grizbaseball 13 дней назад

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.❤

@FannyMontage-xu8id 13 дней назад

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

@icucmerc 13 дней назад

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

@MA-KEJointVenture 13 дней назад

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.

@ufuksenol2005 13 дней назад

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

@PineHosting 13 дней назад

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

@donnagaffney6467 14 дней назад

Always a pleasure to hear from Dr Wolff

@jamesalec1321 14 дней назад

Whoever is deciding the policies of the US.....sucks big time. They, whoever they are, haven't made a policy that makes sense for years and years.

@crystalyoung8389 13 дней назад

Decades, since the end of WW2

@samaval9920 12 дней назад

US itary industria Congressional mass média, financial etc. dee state etc. coa ition.

@darkspel 14 дней назад

That's the best commentary on the current historical situation we're in I've ever heard

@fookcheonkhaw7147 14 дней назад

Nancy Pelosi said about student protest in HK 5 years ago as “a beautiful scene to behold” Wow😂The same scene is now happening everywhere in the USA. Where is Pelosi now?

@crystalyoung8389 13 дней назад

The establishment only like protest that fit their agenda and can be used by the US empire to get what they want.

@snokkensiedeutch 14 дней назад

Outstanding. I've watched Prof. Wolfe several times on his own channel and he makes some really good points. This session he has been razor edged. I've got some landmark insights to take away. That's what I like about Rachel's channel, she has a knack for getting gold out of her guest contributors. This was time well spent, thank you. Also loved seeing Rachel 's facial reactions to the Professor's statements- even outshining Mark Sleboda's chemistry.

@mofazzalmia2906 14 дней назад

Need more talks like this.

@nomdaploom 14 дней назад

"To learn who rules over you, simply find out who you are not allowed to criticize." -Voltaire

@Thestatesman369 14 дней назад

Very interesting interview Rachel with your guest. I would say these financial problems for young people are across the board in the western world. In Australia,new Zealand, Canada, United Kingdom,France, Germany all the allies of the USA.

@AIPretendingToBeHuman 14 дней назад

Prof. Wolff nailed it, the ride down sucks. Every first of the month is a struggle to pay the bills, and then worry about the next round of lay-offs.

@crystalyoung8389 13 дней назад

Yes. Our govt has put us on this path for a very hard fall.

@Luke1959 14 дней назад

Thank, Rachel, i can listen to prof. Wolf for hours. He puts everything in simple, understandable terms! Great video, keep up with your important work!! Best of everything to you!

@briangreen9677 14 дней назад

It would seem to me that if we know we're on a rapid decline, the solution would be to have a pronounced pullback of all military assets to the US. That would save us billions alone. Secondly, we need to stop sending our money to any other nation, regardless of reason. We're in a crisis, and we have to look after ourselves first. That would also save us billions. By spending that money exclusively on fixing and upgrading our own infrastructure, we're creating good jobs here in the US where those students will be able to see opportunities. Sadly, I don't see any of that happening though, and we're going the way of the Roman Empire, but it'll happen a lot faster.

@crystalyoung8389 13 дней назад

US govt is in bubble along with the billionaire donor class who only care about filling their pockets and seem to think the ride can continue. There is a reason they keep doubling down on stupid. The reason US goes into most countries is to steal resources. It seems power and greed really make people stupid.

@user-ve3mk2iu1p 14 дней назад

Ое! Снова адекватные новости из «запада»✊🏽

@mofazzalmia2906 14 дней назад

Wow what a speaker Mr wolff.

@cvongall66 14 дней назад

People who don't talk about politics are soon going to be in for a rude awakening. Complacency of politics means they will be left behind scratching their heads WTF. Been watching and listening to Richard for years. Sunlight is the best disinfectant.

@ETALAL 14 дней назад

Thx Rachel ❤️👉💐

@danielgyllenbreider 14 дней назад

Great talk!

@joylarson9040 14 дней назад

Kent State? I remember!

@joylarson9040 14 дней назад

Kent State!

@johniii4955 14 дней назад

Awesome guest.👍

@Desiree_BB 14 дней назад

Excellent points! Peace officers normally write tickets, serve papers, collect names and file reports which are later sorted out in court. No one was in immediate danger requiring arrests (except on the West Coast, which resembled the West Bank).

@cosmoray9750 14 дней назад

Stupid people believe Peterson.... it's people like him who spread fake news. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CFf1CD47DrE.html 🤔

@crystalyoung8389 13 дней назад

Most of the police in US especially big cities are trained by Israel IDF. There is a reason they have made them so militarized

@jimh527 12 дней назад

The students were right in 1969.. And they're right today.

@sergiogonzalesYT 14 дней назад

Glad to see your channel growing, Rachel.

@catgolfer1 14 дней назад

Looking at the expression on Rachel's face when professor Wolfe is describing bleak marriage opportunities for women is priceless.😸

@stationtavern8527 13 дней назад

I like "the Nile" as a replacement for "denial" (39:13)

@Seve141 14 дней назад

Thanks Rachel 👍 To shelf as always....

@jimhyland1 14 дней назад

Nice job

@rassbombo8136 14 дней назад

Love your posts, love watching a beautiful girl who is also a very, very smart girl.

@ricklee4515 14 дней назад

Just implement UN Security Resolutions 252 and 181. Enough is enough.

@TryRickPayton 14 дней назад

Those worse thing you can have is young adults losing hope

@JimH-ey4ov 14 дней назад

Thanks Rachel for hosting this insightful event! America "Just Ain't What It Used To Be"! The illusion has been shattered.

@malcolmmarzo2461 14 дней назад

"3 percent inflation." ? Surprised that this BS was allowed to stand. Has anybody noticed the the huge inflation at the grocery store? The gas station? The car dealer? The insurance agent? The medical facility? You know, the reality of the working class.

@jessicagreene1773 14 дней назад

This was outstanding! I felt like I was in class, and I learned some things and reinforced some other things I already knew.

@conniedan5761 14 дней назад

Correction! The US has two peer competitors, China and Russia!

@barnabusdoyle4930 14 дней назад

Over the next 10 years Africa is going to start to build a block similar to the EU. China and Russia are going to help develop them. The US will do everything it can to stop it from happening and fail. The same will be done in the Middle East. By the time these blocks are building strong, the EU would have collapsed.

@nanyanguo1 12 дней назад

Except its military industrial complex , russia is not a strong manufacturing industrial country. Its Gdp is only a fraction of China Gdp.

@barnabusdoyle4930 12 дней назад

@@nanyanguo1 Russia isn’t the manufacturing power China is in anything except military manufacturing. Russia is currently out producing all of NATO combined in every military related by several fold, especially the really important stuff like ammo, artillery, missiles and drones.

@barnabusdoyle4930 12 дней назад

@MikeGuvick Peer does apply because the US doesn’t really produce very much. It’s mainly a financial hub. As dedollarization hits, the power that grants the US will shrink significantly and the fact that we manufacture so little will really start to hurt us when our imports get more and more expensive.

@agoodchow 14 дней назад

Like the lady host opening ---- start immediately on the date of the talk.

@hazelwray4184 14 дней назад

eh?

@user-ok6re8gv1q 12 дней назад

Thank you for a terrific guest!!!

@JimVanier 6 дней назад

You were always fantastic, Rachel ULINE, and bringing on professor Wolff. It’s a breath of fresh air to those who care.

@dagger1145 14 дней назад

Great show ... Amazing hosts, top interviewer ( calm, precise, kind :) ) new subscriber obviously. Cheers from France !

@Penny-em2cs 14 дней назад

Great conversation,thanks

@mattmoss6121 9 дней назад

Great guest! Are about 11:30, he lays it down!

@theswordofkings7549 13 дней назад

Excellent video 👍

@privetizbirulevo 14 дней назад

Rachel, thank you so much for the great interview. I absolutely agree with your interlocutor that students are very smart and understand problems.

@patriceesela5000 12 дней назад

Excellent discussion

@walidabsi7648 14 дней назад

Amazing Professor, amazing show ♥️

@lucfrombelgium5435 14 дней назад

Always excellent

@juanluistostadocanales3955 13 дней назад

That is right Professor

@user-ur2om5po3e 14 дней назад

A gold minded person, but in the wrong administration. 🙌🙏

@ricklee4515 12 дней назад

Worth watching twice!

@RP-mm9ie 13 дней назад

Thanks

@vadim-2068 14 дней назад

Thanks, Rachel ❤‍🔥❤

@patrickmusson4571 12 дней назад

You meet the same people on your way to the top as you see if and when you fall and start your descent. The way you treat those same people will determine how you yourself are treated on your way down.

@michaeljohn29 14 дней назад

"Dejavue all over again" was Yogi Berra

@lintrichards6007 14 дней назад

As well as the squirrely "logic" used to define what, exactly, unemployment officially is.

@gabbyfoo2 12 дней назад

Many thanks Rachel Blevins &Prof.Richard Wolff for such an important discussions and very poignant too. I very sincerely wish/hope that the smart, diligent young netizens will bring about a very important positive change in the harmful, warmongering and "Couldn't Care Less" evil government and its Military Industrial Complex !!!!!!!!!! Om Mani Padme Hum

@LHLWASRIGHT 14 дней назад

You need to interview Harley Schlanger.

@John_21601 14 дней назад

I hate to destroy your hopes and dreams, but the “American Dream” died on November 22, 1963.

@kurterensoy9654 12 дней назад

Somehow the inflation calculation does not include the food and energy costs in it's calculations. The reason they say it is because it is too difficult to calculate. It just happens that it is impossible to come up with 2-3 % inflation rates if you include just the food inflation which is above 18%.

@ceeinthesky1068 12 дней назад

The people making economic policy that affects everyone are not feeling inflation, high costs of living and medical costs. They don’t give a crap about you, the lowly worker. Electing a different government won’t change anything. The system is broken.

@Marlago-pv9tq 12 дней назад

Prof Wolff giving a clear and alarming view of US economic disaster, is anyone in white house, congress listening? Doubtful

@vicrichard3250 13 дней назад

Yogi Bera ......Not Casey Stengle!!!!

@paulkindlon5496 14 дней назад

Tell em Sabby!

@botieff 14 дней назад

Умничка большая..

@philipwong895 14 дней назад

Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. These are not good outcomes of US government policies for US citizens: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence. Instead of prioritizing the welfare of their people, they meddle in other countries to spread their version of democracy. Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.

@davemojarra4734 14 дней назад

Yogi Berra, not Casey Stengal.

@soccerjazz2022 14 дней назад

The Nile… 🙃

@urimtefiki226 14 дней назад

I feel pity for the middle class, they are good people but they are suffering now.

@abuskeleke3378 14 дней назад

I like that, Denial (the Nile) is not a river in Egypt, 🤣🤣🤣

@redrabbit5664 14 дней назад

Agreed- everything is becoming unaffordable. It's as bad as I've ever seen. Btw- your hair is lovely:)

@billfrenger8955 13 дней назад

Thank you Rachael and Professor Wolff. As long as America continues voting for the Red and Blue Cabal there will be no change but for the worse. George Carlin was Right.

@urimtefiki226 14 дней назад

Your young generations will come to my situation I am in those five years.

@lydiagrace1052 14 дней назад

They will.all be in prison

@user-ic9tl3rv1k 14 дней назад

The approach of the United states hostile policies, solutions and methods Adopted to deal with issues leads to further hostility, instability, degradation, conflict, chaos and war. This has been the outcome for the past 100 years. The leadership of the United States, the advisors and financiers alike have largely consisted of hostile individuals rather than individuals with rational and diplomatic approach. This hostile approach has gone on for far too long. It's bad enough participating in a democratic election process where the major party’s candidates are selected by the ruling class. It's even worse when the selection largely consist of individuals who prescribes to a hostile approach to the way the U.S. government conduct affairs, especially when hostility is their first approach, and solution to everything.

@tigersilberhannes9153 14 дней назад

For the professors postulation that other countries getting some sort of pleasure of Americas poverty and infrastructure problems, well as a European i can say i am pretty indifferent but i take loads of pleasure fromt he plight of the United Kingdom and hteir massive missmanagement of pretty much everything.

@thomasdorsey3227 2 дня назад

The movie "Idiocracy" Our government doesn't look much different 😳

@tondarmb3947 12 дней назад

During Vietnam War military service was for everyone.rich and poor kids.but now dissatisfaction is much deeper than at that time.human unity to be annoyed. Humanity is waking up!

@MakeNoise280 13 дней назад

American dream turn American grim because of one country not even the whole country but a single person from this country.

@Amadeus8484 14 дней назад

You are moving up in the world when you get Richard Wolff on your show :) have you reached out to Due Dissidence yet? :)

@user-lw7il2zx8u 12 дней назад

I am focusing on Argentina and wonder how the USA will create a economical miracle in Argentina.

@liviahollmayer4981 14 дней назад

❤❤👍👍

@williamblack4097 12 дней назад

He's right about everything he said. However , I'm very skeptical about a labor movement with leaders like Shawn Fain so attached to the right-wing pro war Democratic Party.

@Desiree_BB 14 дней назад

Lost me on "wage-price freeze." Price controls lead to shortages. Rationing!? The simplest way to deal with the inflation is to cut the spending.

@ToneLearnerGuy 14 дней назад

Okr...he looks old enough should remember the disaster freezes inflicted on us in the early 79s

@dingo9369 14 дней назад

Yeah yeah cut spending on the working classes right? We had your neoliberal freemarket BS. No thanks, that's why we are in that shit hole we're in now.