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Today on the Jay Martin Show, Professor Richard Wolff breaks down the meteoric rise of China's economy and how this will affect the world moving forward. From the Belt and Road Initiative to electric vehicle dominance and global GDP realignment, Wolff explores how China's hybrid economic model has challenged Western supremacy. Together, we examine whether the U.S. is in denial about its decline, if China's rise is sustainable, and if missing economic data from Beijing signals deeper troubles ahead.
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0:00 – The Real Goal of Belt and Road
10:23 – Could China Repeat the Rise-and-Fall of Empires?
19:10 – Is the Panama Canal Story Political Theater?
26:09 – Why China Is Dominating the EV Market
41:12 – Belt and Road: Economic Play or Political Power Move?
45:34 – The New Global Power Bloc: BRICS vs G7
50:02 – Is China's Success Built on Private Capitalism or State Control?
54:49 – America's Cultural Taboo
58:26 – Why Is China Hiding Its Economic Data?
1:04:32 – The Flawed Faith in Statistics
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