That is exactly what the US empire is scared off or fearful about --- to be colonized by China, but US fails to read China's mindset correctly, even if they are world No.1, they will never act the same way US acts now!
China also has its own traditions to guide them. Most Chinese dynasties are characterized by an inward focus. Their foreign policy was about placating foreigners and keeping the regional peace rather than going on geopolitical adventures.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
"Stupid America" is a real indicator of the current scenario of that nation. It seems a joke but it is really the true reflection of the US education system which is overshadowed by the input of outsiders who are taking advantage of the powerful dollar! It seems her economy is based on basket ball, their version of football and golfing and of course her military might. Though Putin is putting the last item to a test!
Every other countries is a threat and an enemy to them at the same time they are seeing that the world is changing dramatically and they have become the enemy of the world 😂😂😂😂😂just love how God works 😂😂
@@charliecheng3340 Exactly what I have been saying for years. The U.S. sees a "bogey man; under every bed and every cupboard, waiting to leap out and attack them in their beds. Totally mental. Probably born from the days when they stole the land from the American natives and have been harbouring a guilt conscience that one day, the same may happen to themselves too!
There were no technology theft by China, those were negotiated technology transfers. Old technology BTW. By the G7 in exchange for excess to cheap labor.
It’s like asking factory to produce a product for them, they need to provide the damn schematic to the factory first or else factory doesn’t know what spec what you in the product.
If technology was so easy to steal, then we would be seeing everyone in the world already knowing how to produces everything from nukes to missiles for moon landing in every country!!
China, a country with a population of 1.4 billion and an average IQ of 118, is unstoppable as long as it completes industrialization. So everything that is happening now is in line with objective laws.
What do you mean? The American people have benefited greatly for the longest time. Ongoing wars, unfair labour prices offshore, manipulation of the dollar / oil, monster profits on the stock market,... You mean... you never expected it to end and it's a pity it's a chapter about to be closed? There... corrected it for you.
"...has failed the American people".. Bullshit! The American people failed themselves for being arrogantly complacent believing the world owe them a living!!
I don't think the Chinese are interested in that. Unlike the U.S., it is not focused on unbridled capitalism that serves only the greedy rich. They tend to choose "cooperation" over "domination" as they have learned from the Qing Dynasty and previous empires that "domination" doesn't last as long as "cooperation."
@@jackcat3745 Manchus are not Mongols, they are different ethnic groups and speak very different languages have different cultrures. Manchuria is a geographic location to the east of Monglia and in the northeast of China. Mongols established the Yuan Dynasty and Manchus established the Qing Dynasty. Between them is the Ming Dynasty. Yuan is solely governed by the Mongols, and Qing is governed by both Manchus and Han Chinese. Manchus also recognize them self as Chinese and the Qing Emperor called himself the Chinese Emperor.
@@lumingze13 other than the "Mongolian tribe" bit they're not wrong tbh. The Chinese dynasties that were particularly aggressive, were Manchu (Qing) and Mongol (Yuan). Otherwise China has generally looked inward, and sought cooperation abroad. Look at the behavior of, say, the Chinese treasure fleets, vs. how Europeans behaved when they arrived in the Indian Ocean (or how they constantly behaved amongst themselves).
That is an interesting point and a big difference. I heard someone stated, "In USA, the nation is a tool to make the market run well; In China, the market is a tool to make the nation run well.". That is quite true, that Chinese goverment is not interested in capitalism, the CCP prioritizes the target "common prosperity" as the first one.
In China, there is a saying that only socialism can save China. The same is true today: only socialism can save the US and the world. Common prosperity is socialism. Win-win cooperation in the international relationship will keep the world peaceful and prosperous.
@@choifayue9848 exactly. Furthermore, many of them speak different dialects and don't understand each others. China is a continent in itself, in terms of territory size, diversity and population size.
@@Luisarrietaso123 China has 56 ethnic groups and the reason why socialism works is because Chinese are united. It's not because of being homogeneous, it's because Chinese society doesnt emphasize individualism, instead it emphasizes the collective, this is because of the influence of Confucianism. China doesn't do identity politics like the West, because this will only divide the people... China is all about uniting people. The multi polar world is also a chinese idea. As you can see, it follows the same concept. Prosperity for all, and equality for all, no matter if you are a small or big nation... We all deserve the same, it's about the collective. This is rooted from Confucianism and Socialism. If you divide the people and tell everybody that they are special and put emphasize on, its all about what you as an individual want in life and don't care about what others think. It's all about the individual, everybody is special in the West... Yes, the West has this mentality, that's why socialism will never work....
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
Ming dynasty in the person of admiral zheng he made 7 voyages in huge gigantic ships numbering in the hundreds (around 300++) to various kingdoms and empires in south east asia to india to africa....and brought back tributes and exotic fruits ands animals....but he did not bring war to them...unlike the europeans.
@@MaryLou5239 1. There are not a large number of bronzes unearthed in Egypt. The latest archeology of the pyramids proves that they were built by construction workers, not slaves. Slaves could eat high-quality beef and be buried near the pyramids. 2. There is no history of bronzes in Europe. There are only a small amount of bronzes picked up from the water or bought from antique markets. In this way, it is impossible to do carbon 14 testing (compare Sanxingdui in China to see what bronzes can be carbon 14 tested), or natural copper products. Not smelting. 3. There is no astronomical calendar in Europe, so ancient Europeans did not know the exact time and could only roughly estimate a period of 6,000 years (there are many observatory sites in China, and there are no such sites in Europe. It takes hundreds or thousands of years of continuous observation and calculation , only through accumulation can we have a calendar. The history of civilization alone can be recorded to nearly 5,000 years, of which 3,000 years are not stories, but almost completely real history, verified by multiple evidences) 4. Europe does not have unified weights and measures, but China has unified weights and measures. It has been more than 2,000 years, and many measuring instruments have been unearthed in China. There is no unified weights and measures in Europe, so where can advanced arithmetic come from? 5. There is no writing in Europe that can record history. Language expressions are different in different places and in each period. The only writing in the world that has recorded history is Chinese characters, which are Chinese characters in China, Korea, Japan and Vietnam. Moreover, speaking and writing are separate modes, and the writing mode has not changed for thousands of years. Only in this way can history be recorded. Can anyone overturn the above points? If it cannot be overturned, then ancient Babylon (has any ordinary person obtained a cuneiform dictionary and translated the clay tablet text?), ancient Egypt, and ancient Greece are all stories. Can the stories be discussed as real things? Ancient Rome (in northern Arabia), which China called fulinguo (purum), was not called Rome (rum). It had a certain degree of civilization, but people in the Song Dynasty also thought that their technology was ordinary and crude (Sharaf al-Zamān Marvazī: "Tahā'l al -hayawan"), Europe is likely to rewrite this as the Roman Empire. If you look at the technology of China's Song Dynasty and the Sanxingdui ruins, you will know why. Note that the first steam engine-driven car also appeared in China, but it is a pity that the Ming Dynasty, the creator of civilization, had the technology stolen by the barbarian Manchus and European missionaries, and forged a false history. 6. If the Babylonian civilization was as great as described in the textbook, why was the writing still written on clay tablets? Why not use noble sheepskin? 7. There is no such grammatical dictionary for cuneiform writing. With the help of grammatical dictionaries, ordinary people can translate these clay tablets into modern writing. Without such a dictionary, they can make false claims at will.
@@Devinthedrummaster 1 Zheng He used Chinese technology, 2 Zheng He was an official of the Ming Dynasty , 3 China is a culture that allows for multiple religions, 4 Zheng He was Chinese, and 5 you've been brainwashed too much
China will expand their empire, but not in the way were all familiar with. China will invest money all over the world, build better relationships and make a better life for themselves and for others.
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
When the western liberal system say it is all for freedom and economic growth, you should follow up with the question "Freedom for who? Economic growth for who?"
Don't be fooled by the name of Western Liberal system. Democrat Liberals in Canada, Democrat Party in US, Western UK (Conservative or Labor parties). They are actually Left Liberals, with Woke Ideology. Communist Totalitarian in disguise.
Intellectual specialization can be quite isolating. No one has the time or memory to learn everything about everything. If people haven't had a chance to look into globalisation and China, and society feeds them a steady stream of lies, then it might not occur to them to investigate this one aspect of reality when they're so busy with another.
When the Chinese economy took off in the recent decades, you can see the ASEAN countries all followed. Today ALL of them have China as their biggest trading partner. They built the new railroad from China to Laos so Loas can export their agricultural products to the huge market in China, no longer just a poor land-locked country. That also helped Thailand to borrow the connection. The B&R has benefited all partners with the win-win opportunities, despite the smearing of "debt-trap", which had been debunked by many Western scholars and even media. But the American approach had been "providing security", thus military protection, which is more for our control over the world than to help the poor countries to get prosperous. That is what the differences are.
The U.S. Americans are like some Chicago mobster boss with his standover men with machine guns and knuckle dusters, offering "protection" to all the businesses in his "turf".
@@danlan3433you have to feel sorry for them. They are like a lost child clinging to a parent who doesn’t give much a shit about them. China is their biggest trading partner for their fruits, yet they bit the hand that feeds them. They have no need for military protection because the only wars are internal. It is just the Stockholm Syndrome at its best illustration.
China don't colonize, no, because China doesn't' mess with people who don't mess with China. But the other part of China that people tend to forget is, China also don't forgive, and China ALWAYS mess with people who mess with China. History has a long list of dead languages and cultures from groups who made the mistake of invading China.
It is a very hard fact to accept....powerful as china was in ancient times, the chinese dynasties the. Often has to pay crushing tributes to the barbarian nomads to the north and west. The tributes (and sometimes hostage brides) were sent to prevent those same barbarians from raiding their border provinces and genociding entire villages/towns/cities to get the richest those chinese dynasties has accumulated.
A new Chinese Empire? Certainly not, as the Chinese had left its Dynastic Era in China's long and well-recorded history. Beijing Leaders have repeatedly said in public and in private that China supports a Multipolar Multilateral no-boss peace-loving common-prosperity World for humanity with a shared future
China has not fired a shot on foreign soil since 1979. They aren't a threat to world peace, and they have no intention of bogging their economy down in militarism like the US. They see that as folly and will use their soft power to secure economic alliances. They offer a much better deal to developing countries than their Western counterparts, by not tying aid with vulture capitalism like the US does. This kind of foreign policy is much more peaceful and sustainable. I will welcome this new age in global politics, once the US wanes into irrelevancy.
I agree but when you really think about it, isn't it somewhat self contradictory or paradoxical to support "multipolar" world, but also no "bosses" like it's an equal world where no country throws its weight around or has greater say than others? Just take the word "multi-polar". It means multiple "poles". What are poles? They are the great powers, poles of power and strength and greater size and wealth and technology. Ie China, USA, and possibly EU but mainly those 3 since EU is not a country nor united. So in reality multipolar world has 3 bosses and 3 poles or spheres of influence. China claims it does not support creating or joining blocs or cliques etc, but even if China doesnt support or join, those weaker will naturally flock to China for protection or because they support China's vision of the world, and thus that can be considered a bloc or clique in itself even if we consider it a good one lol. It is similar to stuff like "NAM" or non aligned movement which historically was considered to be led by india. even in the UN itself where they have equality charters for humans, in reality we still have blocs or cliques known as "countries", and 5 countries have more rights than others like the 5 permanent security council members because while we can dream and support the idea that everyone is equal and every country is equal or should be equal, in reality every individual or country is different and each have their own level of power and strengths, and to ignore or not take advantage of this is detrimental for not just the individual, but the country or world itself. We can see it in the gender equality debates. Would a woman be suited to being brick layer? Should men and women compete together in the same sports? The women would just get destroyed 99.999% of the time. And so what is the alternative? Ban all competition and sports so it is fair? That would be a loss for the world imo if we were to ban sports or competition itself. War itself ja a competition at the end of the day.. and currently the highest level of war falls under "great power competition" which stays cold because of nukes and MAD. And because of that cliques and blocs form naturally around the "poles" so they can also hopefully be protected under the shadow of the poles which stand tall and cannot be attacked or destroyed easily. And ultimately, while china may claim that it's not a participant in any Great power competition, in reality it is. And imo they know the are and they are playing to win. They just have a different type of strategy, a higher form of warfare/competition which is not reliant on brute force or zero sum ideology or using strategies or tactics which hurt their enemy or opponent. Instead China wants to help their opponent to all win and develop together and live in a win win symbiotic relationship. This may not seem like it is a competition, but it is, because by definition great power competition is about achieving your goals at the end of the day, and the enemy or rival poles trying to achieve theirs. USAs and others goals are to dominate the world by force, to divide and conquer and ultimately get hegemony for their nation state and they can then dominate and continue playing the game forever. China's goal is to win the game and ultimately destroy the game as it's currently played in terms of nation states. That's what makes China different and special, and what makes people who know China support China and want to be part of this great movement or great ambitious goal. it will hopefully end all hot wars at the end of the day and end all exploitative and immoral or abuse relations that currently exist under the nation state system we have, and which China itself sees itself as or operates under. China sees itself as the "peoples party", and ultimately the "peoples country". Ie true democracy, which caters to and protects the majority which are usually the least powerful and most vulnerable. Most countries cannot even do this for their own people/country which is just one nation state, so fbey obviously won't be able to do it for the whole world and all nation states.. But the way I see it, China has already succeeded on a nation state level in China, and now they have moved into the next stage of the competition/game while everyone else is still stuck on the first stage. Most countries even uc they have passed stage 1 and solved their countries problems have done it using a short term strategy which in the long run means they can never go past stage two let alone finish the game. In the end they ultimately die or get defeated by someone else and this keeps getting repeated until today because we finally reached a point in the game where we got to the last stage.. with some poles which are so strong now that they can destroy everyone in the world multiple times over due to nukes. And so now this time it is everyone playing to win having bet the highest stakes but most have yet to figure out a way to progress and beat this final level of the game. I believe that china has figured out a winning strategy and is currently executing their strategy which took them from stage 1 to the last stage in only 70 years or so. I am confident that in another 70 or 100 years, we will have finally solved this game and no longer need to play or worry about stuff like wars between nation states.
@@ex0duzz Hopefully, the future world will only have Dominant Countries but no more Dominating Countries or World Empires like for the past 500 hundred years
Not in China/Chinese dna to invade and conquer another country. If it was in their dna, they would have invade and conquer Asia already. But they didn’t. You know who did invaded and conquered Some of the countries in Asia? It was the Anglo Saxon Empire.
@@davidguntoro72Japan were heavily influenced by European culture. In fact, that’s the only reason why they could develop fascism and invade China in WWII.
@@davidguntoro72 what about Japan? That they keep invading China? And yes, They owe China some Chinese bloods. Japan is the only country on planet earth that should fear from existence. Not Israel in West Asia. All because it’s their past sins toward China.
@@lumingze13Japan wanted to invade China several times. There’s even one Japanese version of history that says that the Japanese were the dominant force and China borrowed everything from the Japanese.
While the US entrepreneurs wanted more profits, so did the American workers, who wanted high wages. But the American competitiveness couldn't keep up with the desire of US entrepreneurs for higher profits. So if the US wants to keep those manufacturing jobs, they need to examine if they are still competitive vis-a-vis the rest of the world.
The US ruling class turns away from the advice of the founding father, George Washington in the farewell address, "The nation which indulges toward another an habitual hatred or an habitual fondness is in some degree a slave.”
15:20 That requires the electorate to actually use their brains and not fall for simplistic "not you problem, is them bad" explanations so the answer is no. Democracy requires an educated electorate and educated means at the least, the ability to think though at this point, the USA not being a democracy is pretty obvious to everyone
Each day, in every possible way, China is contributing to a better world. Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. Is this what success looks like in the world's richest country with the most expensive military? Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing inaffordability, homelessness, the opioid epidemic, and gun violence. Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order. Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.
Professor I am glad you are here, explaining to the whole world 🌎 and telling the truth. Professor, what a horrible crime Washington committed with Julian Assange. His lost of 12 years in prison 😂😂😂
I do not see a historical case for a Chinese " empire". There is more to defining a society than " large and successful". There is it's ideology. Conquest flows from Western ideology, not Chinese.
The Chinese understand full well that when you help your customers to become wealthy, they can afford to buy more of your products. 😂 They are all about cooperation and win, win situations not domination.
China's 5000 years history even when they were the world's largest economy have shown that the Chinese have never and will never be interested in being an empire like the US and European countries. Till today the Chinese have shown that they're a mercantile country that's only interested in trading which is a win-win for countries involved.
Thank you Prof Wolff for this video. To be fair, the title is only click bait but that is not the main concern of mine. I am not a college graduate so I do not want to appear disrespectful to a professor, my question is China has a history of dominance in their sphere of the world. Being an American fed America information during my life, why would the Chinese government now become a leader of a community of nations. It appears they were the dominant player and would want to rise to that once again. Again my ignorance is part of my question. Thank you and watch your own channel often.
What they have now is an empire. It is called Tsung Kuo, Central Country (or Middle Kingdom as commonly translated). I don't think they want to expand it like the Roman, Ottoman, British, American, or Japanese hegemony style, as it is detested. So it is highly unlikely they will copy it. However, I think they would like to lead for the betterment of the world.
I don't think China is interested in leading the world, because 600 years ago Zheng He, a Chinese Ming Dynasty navigator, led ships from the Pacific to the Indian Ocean just to trade with countries. The Chinese only want to engage in trade and are not interested in leading the world.
Good content, but I don't think the title is correct, China don't have to make any huge decision now, they have a long term plan and they are working on this plan to their benefit. US is the one that have to make a huge decision on how to run its policy from here forwth.
We will have a new trading bloc which is formed from China+Russia+BRICs. And China will have a dominant role in its trading management. But it will not be an Empire. Empire is an outmoded word, more apt to describe past power blocs which ruled their Hegemony, eg Ancient Greek Empire, British Empire, Persian Empire. Ottoman (Turkish) Empire., Indian Hindu Empire et-al.
Thank you Professor Wolff! I always admire your speech and you make me understand more about economics and the interrelations with some historical facts too! Keep it up
The top philosophy of Chinese civilization is Da Tong (universal harmony) or (greatest harmony). Only an empire build on Da Tong can last long. Because it's for the good of the people. Rulers are just workers for achieving this target.
this clip is by far the most comprehensive discussion in YT of the status quo of the world economy we are in now, thank you sir for the ingsightful and enlightening speech
In May 2015, Xi Jinping, new to the helm as President of the PRC since March 2013, told visiting U.S. Secretary of State John Kerry in Beijing that "The broad Pacific Ocean is vast enough to embrace both China and the United States." Also in May 2015, China announced its "Made in China 2025" initiative under its 10-year plan to upgrade China's manufacturing base to reach the status of an advanced economy. And in his state visit to the U.S.A. in June 2017, Xi once again mentioned he still believes that "the vast Pacific Ocean has enough space for the two large countries of China and the United States" in front of Barack Obama. Unfortunately, American media soon after trumped up the charge that "Made in China 2025" is a threat to global trade and everything went downward ever since. China pushed on with the initiative and purchased all the components and chips and equipment and materials it needs in the misplaced belief (and somewhat naivety) in much heralded "free trade" and "fair competition" by the West. "A thief believes everyone steal" is an axiom that accurately describes the mentality of the U.S. that believes China plans to subvert America and to steal the crown of "leader of the world" from them. Things went from bad to worse ever since, with Trump's trade war and Biden's decoupling efforts to try to contain the Chinese nation. Who else to blame but the U.S. itself? In hindsight, China should show appreciation to contemporary U.S. goverments from Barack Obama to Donald Trump and Joe Biden for waking up all Chinese to reality and working hard to achieve self-sufficiency in everything it needs -- one more time, everything it needs.
Partner, Chinese partners, just Partners! We like to be partners, treated like one, trusted like one, and working together like one. How bad is that? huh?
Very likely it will be a multipolar world. China knows that people are different and each have their unique or culture ways which should not be changed. To see that, their own people has to be the ones to run their country, not China.
No thanks! China is a big country and is happy in making sure that 1.4 billion Chinese are taken care at home. China is the oldest continuous Civilization on Earth. Historical evidence abounds. China has never been a colonizer even when it was at its pinnacle of prosperity and power spanning thousands of years. China is knowledgeable about History and deplores colonialism and imperialism overseas sustained by military aggression and exploitative capitalism. There's enough destruction of peace and harmony perpetuated over centuries by the Ottoman , Roman, British Empires as well as the declining American Empire . China doesn't want to repeat this dark History against Humanity.
Im afraid they might be pulled by any of the mentioned empires though. Will just see how all this plays out. Wars and rumours of war tensions still beating about separate to the trade aspects
Wauuu. Professor, you finally explained well the whole enchilada. I am an immigrant went to college in 1984; there were tons of foreigners students. Arabs countries, Japanese, Chinese, Asia etc.. I did two years of Business studies. I remember the year apple 🍎 moved all his factory to China; because the taxes in USA 🇺🇸 were to high. Workers demanding $35/hour. Then another company moved to China 🇨🇳 and on and on. I always knew that the lost of jobs in USA was because all of those companies moved out of USA. But the miserable News never blamed those USA companies. Instead Trump started an Economic war with China with Tariffs back in his first Presidency. I noticed that the country started to get worse. But never explained to the public the lack of jobs. And the Media and Government never blamed those industry companies, like Apple ( Steve Jobs) moving American jobs to China 🇨🇳 . The illegal Latinos were to blamed. And of course, you said it, the Chinese are to blame to 😂 New: Today, USA posted on the news that China 🇨🇳 is to blame for the ongoing war in Ukraine 🇺🇦. USA 🇺🇸 is always looking for a Scapegoat. A month ago a Senator from Texas said: “Mexico 🇲🇽 has to do what we want. AMLO replied “of course not”
Watches your program often as it provides an honest assessment of every topic discussed. US politicians are covering up the information that many critical US government departments, especially the Pentagon, are asking waivers and getting them for permits to buy sanctioned Chinese products, without which they can't work. Yet the commoners aren't allowed to buy a cheap quality phone from China.
❤❤❤Well said Prof… a very sober minded assessment of China along with the US somewhat brain washed perception. ‘Tis a pity as a clearer and realistic perception would make the world and the US a much better place.. sad😢
Not an expert on Geo politics or Socialism ,only in to my 6th decade on this planet,so my Knowledge of humanity is very small.I understand this , When your major exports are Weapons, Sanctions, Political and Military Manipulation and occupation, America has no equal.China is no Angel and Im certain Individuals Crave Capitalism.CCP has many Faults,So Actions Speak, Hospitals, schools, libraries, Infrastructure and Sport Venues along With Museums ,and Civic centres well you decide what's the lesser of the two Evils!!!
When it comes to Geopolitics, there are no angel or demon, no good or bad and no country in the world will work for free without fulfilling their own interests. There are only interests, so pick which one aligned the most intending to avoid World War and unnecessary nuclear armageddon.
@@edelweis303 I don't agree there are good people who do bad, and Bad folks who can do good,It's not political it's choice.What good are the interests of a Nation that's detrimental to the World. My interest is in those I care about,are you interested in that too.Politics like Democracy can be manipulated by the few by deceiving the many.Armageddon as you say is in the Nature of People and happens everyday, everywhere in everyones life .
![Chino Pacas - Smith (ft. Junior H & Fuerza Regida) [Video Visualizador Oficial]](http://i.ytimg.com/vi/BVK6k56X30Y/mqdefault.jpg)
Having observed the mistakes of the U.S. Empire, China has no desire to repeat them.
That is exactly what the US empire is scared off or fearful about --- to be colonized by China, but US fails to read China's mindset correctly, even if they are world No.1, they will never act the same way US acts now!
China was on its way to destruction like US and EU until the government intervention. Many Chinese entities over leveraging....
China also has its own traditions to guide them. Most Chinese dynasties are characterized by an inward focus. Their foreign policy was about placating foreigners and keeping the regional peace rather than going on geopolitical adventures.
One would hope.
@@thechloromancer3310 你对中国比较了解啊。远胜西方那些所谓的中国专家（不会中文，也没到过中国的专家……）……
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Dr. Richard is correct but more than half of Americans are asleep.
Asleep, ignorant, arrogant and helpless.
Far more Americans are not stupid like you.
You cannot wake up people pretending to be asleep. Americans are willful participants in their government's deception.
dr Richard is an idiot
"Stupid America" is a real indicator of the current scenario of that nation. It seems a joke but it is really the true reflection of the US education system which is overshadowed by the input of outsiders who are taking advantage of the powerful dollar! It seems her economy is based on basket ball, their version of football and golfing and of course her military might. Though Putin is putting the last item to a test!
Sorry America blamed everyone for their predicaments but not themselves. Pathetic US lawmakers.
Every other countries is a threat and an enemy to them at the same time they are seeing that the world is changing dramatically and they have become the enemy of the world 😂😂😂😂😂just love how God works 😂😂
USA Law makers are controlled by AIPAC.
Complete Paranoia
@@charliecheng3340 Exactly what I have been saying for years. The U.S. sees a "bogey man; under every bed and every cupboard, waiting to leap out and attack them in their beds. Totally mental. Probably born from the days when they stole the land from the American natives and have been harbouring a guilt conscience that one day, the same may happen to themselves too!
Typical boomers
There were no technology theft by China, those were negotiated technology transfers. Old technology BTW. By the G7 in exchange for excess to cheap labor.
It’s like asking factory to produce a product for them, they need to provide the damn schematic to the factory first or else factory doesn’t know what spec what you in the product.
If technology was so easy to steal, then we would be seeing everyone in the world already knowing how to produces everything from nukes to missiles for moon landing in every country!!
True
China, a country with a population of 1.4 billion and an average IQ of 118, is unstoppable as long as it completes industrialization. So everything that is happening now is in line with objective laws.
Well said
Exactly. The US government and capitalism has failed the American people
Individualism and US style capitalism both are the recipe for today’s chaos.
IRS and Treasury have stolen everything from the tax payers
What do you mean? The American people have benefited greatly for the longest time. Ongoing wars, unfair labour prices offshore, manipulation of the dollar / oil, monster profits on the stock market,... You mean... you never expected it to end and it's a pity it's a chapter about to be closed? There... corrected it for you.
"...has failed the American people".. Bullshit! The American people failed themselves for being arrogantly complacent believing the world owe them a living!!
Zionism screwed you
I don't think the Chinese are interested in that.
Unlike the U.S., it is not focused on unbridled capitalism that serves only the greedy rich.
They tend to choose "cooperation" over "domination" as they have learned from the Qing Dynasty and previous empires that "domination" doesn't last as long as "cooperation."
The Manchuria, a Mongolian tribe established Qing Empire. The Manchuria ruled China for 300 years till 1911.
@@jackcat3745 Manchus are not Mongols, they are different ethnic groups and speak very different languages have different cultrures. Manchuria is a geographic location to the east of Monglia and in the northeast of China. Mongols established the Yuan Dynasty and Manchus established the Qing Dynasty. Between them is the Ming Dynasty. Yuan is solely governed by the Mongols, and Qing is governed by both Manchus and Han Chinese. Manchus also recognize them self as Chinese and the Qing Emperor called himself the Chinese Emperor.
@@jackcat3745And? Copy pasting random wrong info from the internet, expressing no opinion whatsoever, cool vibe
@@lumingze13 other than the "Mongolian tribe" bit they're not wrong tbh. The Chinese dynasties that were particularly aggressive, were Manchu (Qing) and Mongol (Yuan). Otherwise China has generally looked inward, and sought cooperation abroad. Look at the behavior of, say, the Chinese treasure fleets, vs. how Europeans behaved when they arrived in the Indian Ocean (or how they constantly behaved amongst themselves).
That is an interesting point and a big difference.
I heard someone stated, "In USA, the nation is a tool to make the market run well; In China, the market is a tool to make the nation run well.".
That is quite true, that Chinese goverment is not interested in capitalism, the CCP prioritizes the target "common prosperity" as the first one.
Right Professor! Multi-polar world. No hegemony.
he's only bipolar, not so multi-polar
Study China's long history and u'll b enlightened.
Kudos to this Prof tho.
In China, there is a saying that only socialism can save China. The same is true today: only socialism can save the US and the world. Common prosperity is socialism. Win-win cooperation in the international relationship will keep the world peaceful and prosperous.
@@Luisarrietaso123 Wrong. Socialism can work anywhere. It has nothing to do with diversity.
@@Luisarrietaso123 Wrong. with 56 ethnicities China is more diverse than u think, if u have time go visit there have fun PEACE
@@choifayue9848 exactly. Furthermore, many of them speak different dialects and don't understand each others. China is a continent in itself, in terms of territory size, diversity and population size.
@@Luisarrietaso123 China has 56 ethnic groups and the reason why socialism works is because Chinese are united. It's not because of being homogeneous, it's because Chinese society doesnt emphasize individualism, instead it emphasizes the collective, this is because of the influence of Confucianism. China doesn't do identity politics like the West, because this will only divide the people... China is all about uniting people.
The multi polar world is also a chinese idea. As you can see, it follows the same concept. Prosperity for all, and equality for all, no matter if you are a small or big nation... We all deserve the same, it's about the collective. This is rooted from Confucianism and Socialism.
If you divide the people and tell everybody that they are special and put emphasize on, its all about what you as an individual want in life and don't care about what others think. It's all about the individual, everybody is special in the West...
Yes, the West has this mentality, that's why socialism will never work....
@@Luisarrietaso123 correct, American was White before the illegal Act of Immigration in ‘65, now it’s a zoo.
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
That's interesting. Thanks for the information
Ming dynasty in the person of admiral zheng he made 7 voyages in huge gigantic ships numbering in the hundreds (around 300++) to various kingdoms and empires in south east asia to india to africa....and brought back tributes and exotic fruits ands animals....but he did not bring war to them...unlike the europeans.
@@MaryLou5239 1. There are not a large number of bronzes unearthed in Egypt. The latest archeology of the pyramids proves that they were built by construction workers, not slaves. Slaves could eat high-quality beef and be buried near the pyramids. 2. There is no history of bronzes in Europe. There are only a small amount of bronzes picked up from the water or bought from antique markets. In this way, it is impossible to do carbon 14 testing (compare Sanxingdui in China to see what bronzes can be carbon 14 tested), or natural copper products. Not smelting. 3. There is no astronomical calendar in Europe, so ancient Europeans did not know the exact time and could only roughly estimate a period of 6,000 years (there are many observatory sites in China, and there are no such sites in Europe. It takes hundreds or thousands of years of continuous observation and calculation , only through accumulation can we have a calendar. The history of civilization alone can be recorded to nearly 5,000 years, of which 3,000 years are not stories, but almost completely real history, verified by multiple evidences) 4. Europe does not have unified weights and measures, but China has unified weights and measures. It has been more than 2,000 years, and many measuring instruments have been unearthed in China. There is no unified weights and measures in Europe, so where can advanced arithmetic come from? 5. There is no writing in Europe that can record history. Language expressions are different in different places and in each period. The only writing in the world that has recorded history is Chinese characters, which are Chinese characters in China, Korea, Japan and Vietnam. Moreover, speaking and writing are separate modes, and the writing mode has not changed for thousands of years. Only in this way can history be recorded. Can anyone overturn the above points? If it cannot be overturned, then ancient Babylon (has any ordinary person obtained a cuneiform dictionary and translated the clay tablet text?), ancient Egypt, and ancient Greece are all stories. Can the stories be discussed as real things? Ancient Rome (in northern Arabia), which China called fulinguo (purum), was not called Rome (rum). It had a certain degree of civilization, but people in the Song Dynasty also thought that their technology was ordinary and crude (Sharaf al-Zamān Marvazī: "Tahā'l al -hayawan"), Europe is likely to rewrite this as the Roman Empire. If you look at the technology of China's Song Dynasty and the Sanxingdui ruins, you will know why. Note that the first steam engine-driven car also appeared in China, but it is a pity that the Ming Dynasty, the creator of civilization, had the technology stolen by the barbarian Manchus and European missionaries, and forged a false history. 6. If the Babylonian civilization was as great as described in the textbook, why was the writing still written on clay tablets? Why not use noble sheepskin? 7. There is no such grammatical dictionary for cuneiform writing. With the help of grammatical dictionaries, ordinary people can translate these clay tablets into modern writing. Without such a dictionary, they can make false claims at will.
Zheng he was muslim dude. Relearn your history. He wasn't chinese. He worked for the chinese
@@Devinthedrummaster 1 Zheng He used Chinese technology, 2 Zheng He was an official of the Ming Dynasty , 3 China is a culture that allows for multiple religions, 4 Zheng He was Chinese, and 5 you've been brainwashed too much
China will expand their empire, but not in the way were all familiar with. China will invest money all over the world, build better relationships and make a better life for themselves and for others.
Yes!
Not an empire, but relationships. Empire is parasitic but relationships are about give and take.
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
Well the ROTHSCHILDS own the Central bank of China, so expect endless war like in Europe under the ROTHSCHILDS. Wakeup
所以中国至今仍得到来自丝绸之路和郑和的红利。
如果交易不公平，那就不可持续，就没有生意了。这在全世界每个国家每个村庄都是真理。
They ALL lied, just to increase revenue for themselves.
Who doesn't, ask U Kissinger 😢
If America lose power, every dark secret they've committed will be exposed to the entire world.
Exactly
The LOVE of MONEY is the root of all EVIL!!
When the western liberal system say it is all for freedom and economic growth, you should follow up with the question "Freedom for who? Economic growth for who?"
Don't be fooled by the name of Western Liberal system. Democrat Liberals in Canada, Democrat Party in US, Western UK (Conservative or Labor parties). They are actually Left Liberals, with Woke Ideology. Communist Totalitarian in disguise.
How can they call themselves intellectuals when they don't understand or see the whole picture?
They are “Think Tank” experts.🤢🤮🤢
Intellectual specialization can be quite isolating. No one has the time or memory to learn everything about everything. If people haven't had a chance to look into globalisation and China, and society feeds them a steady stream of lies, then it might not occur to them to investigate this one aspect of reality when they're so busy with another.
Is not that the so-called intellectuals don't understand, they actually don't want to understand, get it?
@@elianamckeeThink tank is really an oxymoron. A bunch of oxidized morons rusting away in the basement.
@@JB52520They are really the manufacturers of lies. They think it up, and pass it onto the mass media, which feeds it to the people on the street.
When the Chinese economy took off in the recent decades, you can see the ASEAN countries all followed. Today ALL of them have China as their biggest trading partner. They built the new railroad from China to Laos so Loas can export their agricultural products to the huge market in China, no longer just a poor land-locked country. That also helped Thailand to borrow the connection. The B&R has benefited all partners with the win-win opportunities, despite the smearing of "debt-trap", which had been debunked by many Western scholars and even media. But the American approach had been "providing security", thus military protection, which is more for our control over the world than to help the poor countries to get prosperous. That is what the differences are.
don't forget united states of hypocrisy has slaves in ASEAN called pinoy the white wanna be.
Except for the country name Ph. Sorry place.
@@danlan3433 That place named "Ph" decided to make their bed with the Americans and will have to lay in it.
The U.S. Americans are like some Chicago mobster boss with his standover men with machine guns and knuckle dusters, offering "protection" to all the businesses in his "turf".
@@danlan3433you have to feel sorry for them. They are like a lost child clinging to a parent who doesn’t give much a shit about them. China is their biggest trading partner for their fruits, yet they bit the hand that feeds them. They have no need for military protection because the only wars are internal. It is just the Stockholm Syndrome at its best illustration.
Thank you so much Prof. Richard Wolff for sharing this insightful talk!
It's always good to hear from Professor Wolff.
Absolutely he is a gem.
China never really had a history of colonizing other countries. China had tributaries which they regularly traded with other countries.
These "tributaries" in turn received protection from China, but hardly any political interference.
They offered the emperor tributes, but they can bigger and better tributes in return.
@@PhiloSurfer Exactly.
China don't colonize, no, because China doesn't' mess with people who don't mess with China.
But the other part of China that people tend to forget is, China also don't forgive, and China ALWAYS mess with people who mess with China.
History has a long list of dead languages and cultures from groups who made the mistake of invading China.
It is a very hard fact to accept....powerful as china was in ancient times, the chinese dynasties the. Often has to pay crushing tributes to the barbarian nomads to the north and west. The tributes (and sometimes hostage brides) were sent to prevent those same barbarians from raiding their border provinces and genociding entire villages/towns/cities to get the richest those chinese dynasties has accumulated.
Thank you Mr.Wolff from Germany ❤ You are the only one who explaines the real roots for the desaster we are living in.
A new Chinese Empire? Certainly not, as the Chinese had left its Dynastic Era in China's long and well-recorded history. Beijing Leaders have repeatedly said in public and in private that China supports a Multipolar Multilateral no-boss peace-loving common-prosperity World for humanity with a shared future
China has not fired a shot on foreign soil since 1979. They aren't a threat to world peace, and they have no intention of bogging their economy down in militarism like the US. They see that as folly and will use their soft power to secure economic alliances. They offer a much better deal to developing countries than their Western counterparts, by not tying aid with vulture capitalism like the US does. This kind of foreign policy is much more peaceful and sustainable. I will welcome this new age in global politics, once the US wanes into irrelevancy.
I agree but when you really think about it, isn't it somewhat self contradictory or paradoxical to support "multipolar" world, but also no "bosses" like it's an equal world where no country throws its weight around or has greater say than others?
Just take the word "multi-polar". It means multiple "poles". What are poles? They are the great powers, poles of power and strength and greater size and wealth and technology. Ie China, USA, and possibly EU but mainly those 3 since EU is not a country nor united. So in reality multipolar world has 3 bosses and 3 poles or spheres of influence. China claims it does not support creating or joining blocs or cliques etc, but even if China doesnt support or join, those weaker will naturally flock to China for protection or because they support China's vision of the world, and thus that can be considered a bloc or clique in itself even if we consider it a good one lol. It is similar to stuff like "NAM" or non aligned movement which historically was considered to be led by india. even in the UN itself where they have equality charters for humans, in reality we still have blocs or cliques known as "countries", and 5 countries have more rights than others like the 5 permanent security council members because while we can dream and support the idea that everyone is equal and every country is equal or should be equal, in reality every individual or country is different and each have their own level of power and strengths, and to ignore or not take advantage of this is detrimental for not just the individual, but the country or world itself.
We can see it in the gender equality debates. Would a woman be suited to being brick layer? Should men and women compete together in the same sports? The women would just get destroyed 99.999% of the time. And so what is the alternative? Ban all competition and sports so it is fair? That would be a loss for the world imo if we were to ban sports or competition itself. War itself ja a competition at the end of the day.. and currently the highest level of war falls under "great power competition" which stays cold because of nukes and MAD. And because of that cliques and blocs form naturally around the "poles" so they can also hopefully be protected under the shadow of the poles which stand tall and cannot be attacked or destroyed easily.
And ultimately, while china may claim that it's not a participant in any Great power competition, in reality it is. And imo they know the are and they are playing to win. They just have a different type of strategy, a higher form of warfare/competition which is not reliant on brute force or zero sum ideology or using strategies or tactics which hurt their enemy or opponent. Instead China wants to help their opponent to all win and develop together and live in a win win symbiotic relationship. This may not seem like it is a competition, but it is, because by definition great power competition is about achieving your goals at the end of the day, and the enemy or rival poles trying to achieve theirs.
USAs and others goals are to dominate the world by force, to divide and conquer and ultimately get hegemony for their nation state and they can then dominate and continue playing the game forever.
China's goal is to win the game and ultimately destroy the game as it's currently played in terms of nation states. That's what makes China different and special, and what makes people who know China support China and want to be part of this great movement or great ambitious goal. it will hopefully end all hot wars at the end of the day and end all exploitative and immoral or abuse relations that currently exist under the nation state system we have, and which China itself sees itself as or operates under.
China sees itself as the "peoples party", and ultimately the "peoples country". Ie true democracy, which caters to and protects the majority which are usually the least powerful and most vulnerable. Most countries cannot even do this for their own people/country which is just one nation state, so fbey obviously won't be able to do it for the whole world and all nation states..
But the way I see it, China has already succeeded on a nation state level in China, and now they have moved into the next stage of the competition/game while everyone else is still stuck on the first stage. Most countries even uc they have passed stage 1 and solved their countries problems have done it using a short term strategy which in the long run means they can never go past stage two let alone finish the game. In the end they ultimately die or get defeated by someone else and this keeps getting repeated until today because we finally reached a point in the game where we got to the last stage.. with some poles which are so strong now that they can destroy everyone in the world multiple times over due to nukes. And so now this time it is everyone playing to win having bet the highest stakes but most have yet to figure out a way to progress and beat this final level of the game.
I believe that china has figured out a winning strategy and is currently executing their strategy which took them from stage 1 to the last stage in only 70 years or so. I am confident that in another 70 or 100 years, we will have finally solved this game and no longer need to play or worry about stuff like wars between nation states.
@@ex0duzz Hopefully, the future world will only have Dominant Countries but no more Dominating Countries or World Empires like for the past 500 hundred years
Thank you Sir for being a truth bearer!
*This is very CANDIDLY expressed!*
*This is the beauty of having economic background, it makes you analysis things empirically!*
Discovered Richard today, HUGE FAN
So very glad you discovered Prof today. He will give you lots of truthful and eye-opening info.
Not in China/Chinese dna to invade and conquer another country. If it was in their dna, they would have invade and conquer Asia already. But they didn’t. You know who did invaded and conquered Some of the countries in Asia? It was the Anglo Saxon Empire.
Oh so true. You have hit the nail on the head.
Japan.
@@davidguntoro72Japan were heavily influenced by European culture. In fact, that’s the only reason why they could develop fascism and invade China in WWII.
@@davidguntoro72 what about Japan? That they keep invading China? And yes, They owe China some Chinese bloods. Japan is the only country on planet earth that should fear from existence. Not Israel in West Asia. All because it’s their past sins toward China.
@@lumingze13Japan wanted to invade China several times. There’s even one Japanese version of history that says that the Japanese were the dominant force and China borrowed everything from the Japanese.
Our government is full of fools.
...and more fools as the days go by.
They are not actually fools they know what they’re doing they are just pretending to be fools. Really good acting though.
No. Most Americans are fools to be mislead.
You mean maniacs
..full of much too old, "blast from the past" politicians (would Trump leave the Paris Climate Agreement again??).
Well said as that is the truth that we are unable to fathom and accept
Capitalism is making all the problems. American people should have started to learn about socialist government work .........
haha, keep dreaming comrade, someday it may come
The US mass media have made the word”socialist” a dirty word. It’s a gateway word to the “C” word. 😂😂😂😂
Nordic countries entering the chat.
JAI HIND @@bogdanpopescu1401
Great points!!!
LOL!! Tariff is imposed to protect mediocrity and guarantee for our moribund industry just to carry on because we can't compete internationally!!
Well said and explained. Thank you Mr. Wolff.
Chaina has made a huge investment in qualitative and quantitative development of human resources.
While the US entrepreneurs wanted more profits, so did the American workers, who wanted high wages. But the American competitiveness couldn't keep up with the desire of US entrepreneurs for higher profits. So if the US wants to keep those manufacturing jobs, they need to examine if they are still competitive vis-a-vis the rest of the world.
The US ruling class turns away from the advice of the founding father, George Washington in the farewell address, "The nation which indulges toward another an habitual hatred or an habitual fondness is in some degree a slave.”
15:20 That requires the electorate to actually use their brains and not fall for simplistic "not you problem, is them bad" explanations so the answer is no. Democracy requires an educated electorate and educated means at the least, the ability to think though at this point, the USA not being a democracy is pretty obvious to everyone
Jai hind
Amazing explanation Dr. Richard sir 🫡.
Thank you for very clear explanation.
Such a great video with hope for a better and peaceful world for humankind.
sure
Well said, Sir.
Great talk as usual
Each day, in every possible way, China is contributing to a better world.
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries.
Is this what success looks like in the world's richest country with the most expensive military? Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing inaffordability, homelessness, the opioid epidemic, and gun violence.
Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order.
Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.
Well said👍
Professor I am glad you are here, explaining to the whole world 🌎 and telling the truth. Professor, what a horrible crime Washington committed with Julian Assange. His lost of 12 years in prison 😂😂😂
TQ Prof. Richard Wolff for a good lecture and hope the majority of US citizens wake up to realities.
I do not see a historical case for a Chinese " empire". There is more to defining a society than " large and successful". There is it's ideology. Conquest flows from Western ideology, not Chinese.
LOL the Chinese will be the first to tell you why the heck will they want a global empire, they have enough problems at home.
western ideology dominates because English is the lingua franca of the world.
yeah, the mongols, Arabs, ottomans, Inca, Persians, Japanese and many others never conquered anybody; go get some sleep, history is over your head
@@bogdanpopescu1401 the age of empires through land conquest and colonising is long gone. You've been playing too may computer games.
@@seawater1322 I don't play video games, sorry to disappoint;
and your comment makes no sense as a reply to my reply to edewardalian197
The Chinese understand full well that when you help your customers to become wealthy, they can afford to buy more of your products. 😂
They are all about cooperation and win, win situations not domination.
can't be worse than the Zion-Saxon empire
Badabing.
China's 5000 years history even when they were the world's largest economy have shown that the Chinese have never and will never be interested in being an empire like the US and European countries. Till today the Chinese have shown that they're a mercantile country that's only interested in trading which is a win-win for countries involved.
Im impressed with this guy , hes spot on , on everything, you just dont hear it said out loud ever !
You are right
Well said😂🎉 Mr Wolfe
The CEOs make more than 400 times in salary than average workers.
Ironic to hear Trump say "intellectual".
Thank you Prof Wolff for this video. To be fair, the title is only click bait but that is not the main concern of mine. I am not a college graduate so I do not want to appear disrespectful to a professor, my question is China has a history of dominance in their sphere of the world. Being an American fed America information during my life, why would the Chinese government now become a leader of a community of nations. It appears they were the dominant player and would want to rise to that once again. Again my ignorance is part of my question. Thank you and watch your own channel often.
What they have now is an empire. It is called Tsung Kuo, Central Country (or Middle Kingdom as commonly translated). I don't think they want to expand it like the Roman, Ottoman, British, American, or Japanese hegemony style, as it is detested. So it is highly unlikely they will copy it. However, I think they would like to lead for the betterment of the world.
I don't think China is interested in leading the world, because 600 years ago Zheng He, a Chinese Ming Dynasty navigator, led ships from the Pacific to the Indian Ocean just to trade with countries. The Chinese only want to engage in trade and are not interested in leading the world.
❤Thank you very much for this useful and helpful lecture
Perfect said ❤❤❤❤
Good content, but I don't think the title is correct, China don't have to make any huge decision now, they have a long term plan and they are working on this plan to their benefit. US is the one that have to make a huge decision on how to run its policy from here forwth.
We will have a new trading bloc which is formed from China+Russia+BRICs. And China will have a dominant role in its trading management.
But it will not be an Empire. Empire is an outmoded word, more apt to describe past power blocs which ruled their Hegemony, eg Ancient Greek Empire, British Empire, Persian Empire. Ottoman (Turkish) Empire., Indian Hindu Empire et-al.
Thank you Professor Wolff! I always admire your speech and you make me understand more about economics and the interrelations with some historical facts too! Keep it up
The top philosophy of Chinese civilization is Da Tong (universal harmony) or (greatest harmony). Only an empire build on Da Tong can last long. Because it's for the good of the people. Rulers are just workers for achieving this target.
this clip is by far the most comprehensive discussion in YT of the status quo of the world economy we are in now, thank you sir for the ingsightful and enlightening speech
Richard wolf has to be one of my go to economists
In May 2015, Xi Jinping, new to the helm as President of the PRC since March 2013, told visiting U.S. Secretary of State John Kerry in Beijing that "The broad Pacific Ocean is vast enough to embrace both China and the United States."
Also in May 2015, China announced its "Made in China 2025" initiative under its 10-year plan to upgrade China's manufacturing base to reach the status of an advanced economy.
And in his state visit to the U.S.A. in June 2017, Xi once again mentioned he still believes that "the vast Pacific Ocean has enough space for the two large countries of China and the United States" in front of Barack Obama.
Unfortunately, American media soon after trumped up the charge that "Made in China 2025" is a threat to global trade and everything went downward ever since. China pushed on with the initiative and purchased all the components and chips and equipment and materials it needs in the misplaced belief (and somewhat naivety) in much heralded "free trade" and "fair competition" by the West.
"A thief believes everyone steal" is an axiom that accurately describes the mentality of the U.S. that believes China plans to subvert America and to steal the crown of "leader of the world" from them. Things went from bad to worse ever since, with Trump's trade war and Biden's decoupling efforts to try to contain the Chinese nation.
Who else to blame but the U.S. itself? In hindsight, China should show appreciation to contemporary U.S. goverments from Barack Obama to Donald Trump and Joe Biden for waking up all Chinese to reality and working hard to achieve self-sufficiency in everything it needs -- one more time, everything it needs.
Partner, Chinese partners, just Partners! We like to be partners, treated like one, trusted like one, and working together like one. How bad is that? huh?
It is because of GREED!! Nothing more nothing less.
Very likely it will be a multipolar world. China knows that people are different and each have their unique or culture ways which should not be changed. To see that, their own people has to be the ones to run their country, not China.
Brilliant prof'...
For quite some years, China has been advocating "Building a community with a shared future for mankind." Brics may be such a structure.
Me too, Prof Wolff.
What do the governments of America and European Union think about the progress of the farmers there?
Hopefully, US Politicians listen to Prof. Wolff’s Lectures.
No thanks! China is a big country and is happy in making sure that 1.4 billion Chinese are taken care at home. China is the oldest continuous Civilization on Earth. Historical evidence abounds. China has never been a colonizer even when it was at its pinnacle of prosperity and power spanning thousands of years. China is knowledgeable about History and deplores colonialism and imperialism overseas sustained by military aggression and exploitative capitalism. There's enough destruction of peace and harmony perpetuated over centuries by the Ottoman , Roman, British Empires as well as the declining American Empire . China doesn't want to repeat this dark History against Humanity.
Im afraid they might be pulled by any of the mentioned empires though.
Will just see how all this plays out. Wars and rumours of war tensions still beating about separate to the trade aspects
excellent
Not chinese empire but a chinese legacy
Not a bad lecture, says some true things. The key is he forgets to mention many things in between.
Wauuu. Professor, you finally explained well the whole enchilada. I am an immigrant went to college in 1984; there were tons of foreigners students. Arabs countries, Japanese, Chinese, Asia etc.. I did two years of Business studies. I remember the year apple 🍎 moved all his factory to China; because the taxes in USA 🇺🇸 were to high. Workers demanding $35/hour. Then another company moved to China 🇨🇳 and on and on. I always knew that the lost of jobs in USA was because all of those companies moved out of USA. But the miserable News never blamed those USA companies. Instead Trump started an Economic war with China with Tariffs back in his first Presidency. I noticed that the country started to get worse. But never explained to the public the lack of jobs. And the Media and Government never blamed those industry companies, like Apple ( Steve Jobs) moving American jobs to China 🇨🇳 . The illegal Latinos were to blamed. And of course, you said it, the Chinese are to blame to 😂
New: Today, USA posted on the news that China 🇨🇳 is to blame for the ongoing war in Ukraine 🇺🇦. USA 🇺🇸 is always looking for a Scapegoat. A month ago a Senator from Texas said: “Mexico 🇲🇽 has to do what we want. AMLO replied “of course not”
Watches your program often as it provides an honest assessment of every topic discussed. US politicians are covering up the information that many critical US government departments, especially the Pentagon, are asking waivers and getting them for permits to buy sanctioned Chinese products, without which they can't work. Yet the commoners aren't allowed to buy a cheap quality phone from China.
Knowledge belong to everybody
Brilliant.
❤❤❤Well said Prof… a very sober minded assessment of China along with the US somewhat brain washed perception. ‘Tis a pity as a clearer and realistic perception would make the world and the US a much better place.. sad😢
Good analysis Sir
Not an expert on Geo politics or Socialism ,only in to my 6th decade on this planet,so my Knowledge of humanity is very small.I understand this , When your major exports are Weapons, Sanctions, Political and Military Manipulation and occupation, America has no equal.China is no Angel and Im certain Individuals Crave Capitalism.CCP has many Faults,So Actions Speak, Hospitals, schools, libraries, Infrastructure and Sport Venues along With Museums ,and Civic centres well you decide what's the lesser of the two Evils!!!
When it comes to Geopolitics, there are no angel or demon, no good or bad and no country in the world will work for free without fulfilling their own interests. There are only interests, so pick which one aligned the most intending to avoid World War and unnecessary nuclear armageddon.
@@edelweis303 I don't agree there are good people who do bad, and Bad folks who can do good,It's not political it's choice.What good are the interests of a Nation that's detrimental to the World. My interest is in those I care about,are you interested in that too.Politics like Democracy can be manipulated by the few by deceiving the many.Armageddon as you say is in the Nature of People and happens everyday, everywhere in everyones life .
This was a very old clip why you post it again?
Because truth is always worth repeating.
And it is what the USA needs to hear today.
Brilliant chat on capitalism and the greater economics in the Global economy.
They don't believe in the working class 🎉🎉💸💸💸💲💲
If cheap goods come at the expense of no well paying jobs, I'd rather have the jobs.
They should looks inward to blame themselves rather than blame others.
It’s sad there’s no mention about trickle down economics in the 80s, 4 decades in, the trickle down did not happen
Huge respect 🫡
Let them flow, let them flow, let them "blossom" , let them "grow" !
Good that they do not understand you my dear Kommerad.
China has the most KFCs in the world
If get out of globalism the country start growing again
Discuss the existential economic rationale of Capitalism and how it intersected with, "democracy" over the last 100 years in the Western hemisphere.
Voice of reasoning
the Chinese have a saying, if it is not mine, i don't want any of it, but if it mine, i won't let go of it, even an inch
The richest 10pc may be want to bring the wealth together that day!
Blame wall street and CEO for moving manufacturing not the workers.
To say there is no theft is incorrect! Look into the matter on you tube and federal investigations, and lawsuit’s levied at Chinese companies
Politicians are opportunists ...tell me something new 😅