"American Empire Is in Decline": Economist Richard Wolff on Trump's Trade War & Tariffs

[Jacson6]

[Coolgoober]

1. Yup!!

Beginning of the end. Thanks for posting. I love Richard Wolff. He sure does sound like he's right on. Trump does love being the victim , but it pisses me off that he's making the u.s. a victim with him. The more powerful countries are going to see that we are weak and pounce on us. Trump thinks the u.s. has the power it once had, but he's about to meet FAFO, unless he backs down, which could happen because he has no idea what he's doing.

[callous taoboy]

2. One economist in another piece said our economy was the envy of the world

up until now, but Professor Wolff is saying it has been in decline for some time. Which is it?

[Uncle Joe]

4. Both can be true at the same time as everything is relative.

It depends on whether global perceptions follow reality or lead it, and how rapidly those dynamics take place.

Our dysfunctional wealth disparity which has been building up for over the past half century is the canary in the gold mine.

Even when the canary was getting sick or died, we were far too busy still trying to mine gold at the expense of the miners instead of going through the expense (born primarily by the mine owners) of installing adequate ventilation.

[Irish_Dem]

3. The US was the powerhouse of the global economy, but no more.

Take the most successful economy in the history of the world and destroy it.