Channel: RichardDWolff

Category: News & Politics

Tags: occupy the economythe sickness is the systemcapitalbritish colonyinflationexploitationunderstanding socialismcapitalismjusticeunderstanding marxismcapitalistswealthworkglobalizationsocialismmarxeconomycorporationslaborinequalityeconomicsgdpeconomic justicechinareal wagesdemocracy at workeconomic democracy

Description: In this Wolff Responds, Prof. Wolff tackles the question, Is America’s global and economic reign coming to an end while being replaced by China? By looking at four major facets: GDP, real wages, COVID-19, and inflation, Wolff argues, we can begin to assess the economic realities and how these two major powers will interact moving forward. Wolff Responds is a @Democracy At Work production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at patreon.com/gcleu. ___________________________________________________________________________ Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Go to: lulu.com/en/us/shop/richard-d-wolff/understanding-marxism/hardcover/product-7zr2y4.html?page=1&pageSize=4 “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at lulu.com/spotlight/democracyatwork ___________________________________________________________________________ Follow Wolff ONLINE: Patreon: patreon.com/gcleu Web: rdwolff.com Twitter: twitter.com/profwolff Facebook: facebook.com/EconomicUpdate facebook.com/RichardDWolff facebook.com/DemocracyatWrk Subscribe to the EU podcast: economicupdate.libsyn.com Shop for EU merchandise: democracy-at-work-shop.myshopify.com