The Critical Hour: Trump Indictment, US Credit Rating
U.S. Leaders Split On China Policy
Article by Richard D. Wolff
"On the one hand, U.S. policy aims to constrain China’s economic, political, and military development because it has now become the United States’ chief economic competitor and thus enemy. On the other hand, U.S. policy seeks to secure the many benefits to the United States of its companies’ trade with and investments in China. U.S. debates over “decoupling” the two countries’ economies versus the milder version of the same thing—“de-risking”—exemplify, on both sides, U.S. policy’s split approach to China."
Read moreStatus Coup News: "Bidenomics" Propaganda, Obama Warns Biden
Prof. Wolff joins Jordan Chariton to discuss the economic reality facing Americans, and to discuss Obama's warning for Biden.
Read moreThe Socialist Program: "Bidenomics"?? The Real Record of Biden’s Policies for the Working Class
Walter Smolarek and Prof. Richard Wolff discuss "Bidenomics", Biden's real economic record, and why his policies are so harmful. What has "Bidenomics" meant for the working class?
Read moreMOATS: The US Hegemonic Rule Is Part of The Past
Prof Wolff joins the Mother of All Talk Shows with George Galloway to discuss the unattainable goal of favoring the East through economic shifts, while also highlighting the disastrous consequences of engaging in a war with China, which could potentially lead to nuclear conflict.
Read moreKPFA Special: The Economy and the Current Political Landscape
Prof Wolff joins a KPFA special episode on Letters & Politics with Mitch Jeserich to discuss the economy and the current political landscape.
Read moreThe Socialist Program: Affirmative Action for Lazy, Bored Rich Kids
Brian and Prof. Wolff discuss the new study showing that elite schools enroll wealthy students far more than the rest of us.
Read moreZero Hour: If the Economy’s So Good, How Come I Feel So Bad?
Prof Wolff joins Zero Hour with RJ Eskow to discuss the juxtaposition between the reported positive state of the economy and people's negative experiences.
Read moreThe Left Lens: China, BRICS, and the Decline of the American Empire
Prof Wolff joins the Left Lens program with Danny Haiphong to discuss the rise of China, BRICS, and how an emerging new world economy is putting an end to the delusions of the US empire.
Read moreIs Capitalism Leaving the U.S. in Search of Profit?
Article by Richard D. Wolff
"The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February 2023 did not in fact transmit pictures or anything else to China. White House economists have been trying to excuse persistent U.S. inflation saying it is a global problem and inflation is worse elsewhere in the world. China’s inflation rate is 0.7 percent year-on-year. Financial media outlets stress how China’s GDP growth rate is lower than it used to be. China now estimates that its 2023 GDP growth will be 5 to 5.5 percent. Estimates for the U.S. GDP growth rate in 2023, meanwhile, vacillate around 1 to 2 percent."
Read moreIt’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions
Article by Richard D. Wolff
"The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February 2023 did not in fact transmit pictures or anything else to China. White House economists have been trying to excuse persistent U.S. inflation saying it is a global problem and inflation is worse elsewhere in the world. China’s inflation rate is 0.7 percent year-on-year. Financial media outlets stress how China’s GDP growth rate is lower than it used to be. China now estimates that its 2023 GDP growth will be 5 to 5.5 percent. Estimates for the U.S. GDP growth rate in 2023, meanwhile, vacillate around 1 to 2 percent."
Read moreMarket Fundamentalism’ Is an Obstacle to Social Progress
Article by Richard D. Wolff
"A changing world order, a shrinking U.S. empire, migrations and related demographic shifts, and major economic crashes have all enhanced religious fundamentalisms around the world. Beyond religions, other ideological fundamentalisms likewise provide widely welcomed reassurances. One of the latter—market fundamentalism—invites and deserves criticism as a major obstacle to navigating this time of rapid social change. Market fundamentalism attributes to that particular social institution a level of perfection and “optimality” quite parallel to what fundamentalist religions attribute to prophets and divinities."
Read moreThe Debt Ceiling Debate Is A Massive Deception Against The Public
Article by Richard D. Wolff
"Future historians will likely look back at the debt ceiling rituals being reenacted these days with a frustrated shaking of their heads. That otherwise reasonable people would be so readily deceived raises the question that will provoke those historians: How could this happen?"
Read moreThe Critical Hour: Weekly News Wrap Up
Zero Hour: Consumerism, Fetishism, and the Opiate of the Masses
Prof Wolff joins Zero Hour with RJ Eskow to discuss: Consumerism, Fetishism, and the Opiate of the Masses
Read moreThe Socialist Program: Imperialism, China, and the World Economy
Brian and Prof. Wolff discuss the decline of the U.S. world order and economic domination, as BRICS economies overtake those of the G7.
Read moreThe Socialist Program: Capitalists Wage War on Nature
Brian and Prof. Wolff discuss the massive wildfires in Canada that blanketed the East Coast in a haze of smoke for days. As the climate crisis intensifies, hazardous conditions are set to become more and more common in every part of the world. But for the capitalists, the only thing that matters is that their employees keep coming in to the job, regardless of the severe health dangers. Without workers working, the capitalists make zero profits.
Read moreGuerrilla History: Sanctions & Dedollarization + Cornel West Chat
Prof Wolff joins Guerilla History to continue their discussions about the process of dedollarization and specifically focusing on how this process will impact the United States's ability to sanction anyone they see fit as they see fit, as well ass have a brief discussion of Cornel West's Presidential bid.
Read moreThe David Lin Report: New Global Currency Born As Dollar Dies, Capitalism ‘Abandons’ Declining U.S. Empire
Prof Wolff joins David Lin to discuss the decline of the American Empire, the gradual process of de-dollarization around the world, and the faults of capitalism in our society.
Read moreThe Socialist Program: Biden & Republicans Unite Against the Poor and the Environment
Brian Becker and Prof. Richard Wolff discuss how Joe Biden and Speaker of the House Kevin McCarthy have unveiled a “debt ceiling” agreement involving major attacks on workers and the environment. The two are now racing to push through Congress a deal that would see stepped up production of fossil fuels, cuts to food stamps, and the rollback of vital services – all while making it easier for the rich to evade taxes and exempting the Pentagon from any spending limits.
Read moreThe World Economy Is Changing—the People Know, But Their Leaders Don’t
Article by Richard D. Wolff
"The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies. Now a third of total world output comes from the BRICS countries while the G7 accounts for below 30 percent. Beyond the obvious symbolism, this difference entails real political, cultural, and economic consequences. Bringing Ukraine’s Zelenskyy to Hiroshima to address the G7 recently failed to distract the G7’s attention from the huge global issue: what is growing in the world economy vs. what is declining..."
Read moreThe Socialist Program: First Republic Bank Rescue & Secret Collusion Between the Government and Wall Street's Biggest Banks
Brian and Prof. Richard Wolff discuss the third bank failure in two months. First Republic collapsed Monday, a sure sign that the financial system is still in huge turmoil. Then JPMorgan Chase bought the bank's assets for a bargain. What does this say about the economic system and what does it mean for the rest of us?
Read moreGuerilla History: Dedollarization & the Petrodollar
Prof Wolff joins Guerilla History to discuss: the process of dedollarization, its impact on the Petrodollar, and how these play into geopolitics more broadly including the ability of the US to sanction whomever they wish - processes that we need to continue keeping an eye on.
Read moreEconomic Update: The Emerging New World Economy: A New Empire, a Multipolar World, or a Post-Capitalist System
[S13 E17] New
Four key changes drive a new world economy emerging from the old. First is capitalism's transition from neoliberal,globalizing to nationalistic capitalism. This includes the shift of capitalism's center from western Europe and the US to Asia and the global south and also includes the deepening economic inequality inside most nations. Second is the end of the stale, old debate between private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids. Third is the post-peak decline of the US empire. Fourth is the urgent question of what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces...READ MORE
By Any Means Necessary: US Empire Declines as Contradictions of Capitalism Intensify
Prof Wolff joins By Any Means Necessary on Radio Sputnik to discuss House Republicans’ proposal on conditions for raising the debt ceiling and how the debt ceiling political debate demonstrates the unity of both political parties, the ongoing inflation issue and why the assertion that workers’ wage growth is responsible for it ignores price gouging by corporations, and how recent events in the conflict in Ukraine are marking a global shift in the political and economic order.
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