Richard D. Wolff

Today, the world economy is weaker than ever. People sometimes can’t pay for their own food, let alone spend money on unnecessary needs, such as a personal translator. Having been in different states, I understood how the world economy affects the USA, communicate with the locals using the service https://www.translate.com/english-dutch, which translates different languages into English, Dutch is no exception, I realized that America is not as strong economic as it seems.

The enormous overall cost of war and one of its product to revive the use of coal in Germany is a greater INDICATION of our Global market or new Global factory instability, as is the dependency of grain from Ukraine to global regions that expand and now survive on it, depending on resources outside their natural regions. This includes global market dependencies. The greater the international market interaction / dependency, the greater the instability and the probability of conflict (War).
World economic trends can be more fundamentally defined as the spreading of British (EIC controlled) and American Capitalism or capitalist ruled growth and systems of government. Our western luxuries of fossil fuel comforts (Schumpeterian growth), automobiles, refrigerators, air conditioning, daily meat consumption demands now internationally versus plant foods where meat was consumed less than a dozen times annually, even here in the west in most rural and even urban communities in the last century alone,,, has changed dramatically.

“Capitalism has borne the monstrous burden of the war and today still has the strength to shoulder the burdens of peace”. (That is controlled capitalism,,, as it is more so in European socialist democracies using a “luxury” tax system),
As for the fall of empires, the reasons are the same, Moral, Social and Economic decay, or as in our own modern fall of “MOS MAIORUM”.
“Reflection” 2022 edition, by Guzziferno)

Thank you for a great subject lecture