WTFinance System Implosion as Western Empire Declines with Professor Richard Wolff
Jul 29, 2025
In this discussion, Professor Richard Wolff, an esteemed economics expert from the University of Massachusetts, delves into the decline of the American economic system. He critiques the erosion of the middle class and examines the rise of state violence against immigrants. Wolff explores the appeal of socialist politicians amid growing voter disillusionment. He also addresses systemic issues linked to capitalism and reflects on the global shift towards left-wing politics, urging for meaningful change in the face of escalating societal challenges.
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Destruction of U.S. Middle Class
- The U.S. middle class, once vast and prosperous, has been largely destroyed over recent decades. - This has led to a deeply divided society between the rich top 10% and everyone else, fueling social bitterness and hostility.
Tariffs Harm U.S. and Allies
- U.S. tariffs intended to protect domestic industries end up harming American consumers and allies. - Tariffs increase costs and break post-WWII global alliances, fueling global economic tensions.
EV Tariffs Kill U.S. Competitiveness
- The U.S. imposed a 100% tariff on Chinese electric vehicles, despite them being the best quality and lowest price globally. - This forces American companies to pay double, making U.S. EV producers uncompetitive and costing jobs.