The Socialist Program with Brian Becker

Trade War Will Be a ‘Colossal Blunder’ For U.S. w/ Prof. Richard Wolff

11 snips
Apr 16, 2025
Richard Wolff, an influential author and co-founder of Democracy at Work, joins to dissect Trump's escalating trade war with China. They explore how the chaotic tariff policies may be backfiring and leading to the U.S.'s political isolation. Wolff addresses the shifting power dynamics in global trade and the fallout for American universities under political pressure. He critiques the illusion of tariffs as a solution for the working class, exposing the deeper issues within capitalism that remain unaddressed.
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INSIGHT

Tariffs as Economic Dictatorship

  • Trump's tariffs are a unilateral economic dictatorial act that harms global relations.
  • Other countries now blame the U.S. for worsening their economic problems under tariffs.
INSIGHT

China's Strategic Trade Pivot

  • China has reduced dependence on U.S. exports by diversifying its markets.
  • It now pivots to BRICS countries covering over 60% of the world’s population.
INSIGHT

Greenland Rare Earths and Donor Interests

  • Trump's mining and rare earths interests in Greenland serve donor-backed economic motives.
  • Rare earths justify geopolitical moves but mask deeper profit-driven agendas.
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