Economic Update with Richard D. Wolff cover image

Varoufakis' Critique of Capitalism Today

Economic Update with Richard D. Wolff

00:00

The Emerging Global Hegemon

Do you think that China is the emerging global hegemon or do you think that some sort of multipolar, different kind of global economic organization is emerging? It's very very difficult to tell. Chinese capitalists do not want the dollar to be dethroned as the exorbitant, pre-embleed currency. We have a massive class war within the Chinese communist party and I find this absolutely fascinating because in the end, China is the only country I know where the working class is actually fighting an effective class war.

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