🚨 US HEGEMONY ENDS: Economic Decline, Rise of BRICS & Political Turmoil | Prof. Richard Wolff (P. 2)

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Published 2024-07-12
This is Part II of the interview with Professor Richard D. Wolff. Watch Part I here:    • 🚨US DECLINE: Massive Bank Crashes, Ec...  

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.
Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.

Prof. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.

In the interview, we discuss why foreign countries are selling US debt, how this will impact the US dollar, the rapid decline in the economy as well as the risk of a hyperinflation. Additionally, Professor Wolff focuses on the role of the rising China and the BRICS nations in the global economy.

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All Comments (21)
  • US wanted to make a fool out of Russia and China. But instead, the US made a fool of itself. Let that be a lesson.
  • China has the greatest manufacturing capacity. US has the greatest clown production capacity and the greatest national debt.
  • I’m not a Republican. I’m not a D either. Virtually all politicians disgust me with their corrupt dealings, back door deals, big spending, war mongering, and freedom-denying ways, and fiscally there isn’t a dime’s worth of difference between the two major parties.
  • We are witnessing the decline of this Empire, look at their Command In Chief, gaffe after gaffe. 😂
  • BRICS+ is a golden opportunity to unite. Building a better world, one brick at a time. A mutually beneficial partnership. 🇧🇷🤝🇷🇺🤝🇮🇳🤝🇨🇳🤝🇿🇦 +
  • Towing lines will lead the E.U. to oblivion. They should have their own foreign policy. Indonesia has a right to protect its interests.
  • Yes, you do as much as you can, and you do a wonderful job at it! So happy to see part two and have gained a lot of respect for Professor Wolff. Thanks for sharing.
  • Such a pleasure to watch Part 2. May it not be long before Prof. Wolff returns.
  • @AlOfNorway
    Thank you professor Wolff for being a voice of reason and sanity in a world fixated in appearances and impressions. And thank you Lena. You are an amazingly intelligent woman shedding light on the world’s most important matters of our times.
  • @marcs9507
    Ms Lena, You have excellent guests on your show. Thanks for your hard work and critical information for my family.
  • @sionnachog894
    We in Ireland are hosting some of the biggest US tech companies. Why are they here? because it is cheaper for them. But where is the patriotism in that? There is no patriotism, it is ‘Make capitalism great again” not ‘Make America great again. American capitalism is eating America from the inside out, and we in Ireland are one of the beneficiaries. Yes, they will move on to another country when they get cheaper rates, but for now, it is a tax bonanza for us…while homelessness and poverty stalk the US. The American people should recognise what is happening and rise against it.
  • @elichan7
    I loved to see professor wolf on. Would love to see him again
  • @gmcs279
    As a UK citizen born in 1956, now living in Canada I can confirm conditions 2024 are changing, and they are changing fast, although subtle.
  • I understand no-one saw the left happening in France but what Prof. Wolff did not mention was the deliberate voting manipulation by the two parties (Macrons party and the leftist party) not standing candidates in certain constituencies in order to concentrate votes against Le Pen's party, hence the difference between Le Pen's first round success and second round failure.
  • Thank you Prof. for reminding the arrogant US selfish establishment. History teaches us there are ups and there is inevitable downs.