Global Capitalism: The Decline of the US Empire [July 2024]
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- Опубликовано: 28 июл 2024
- The Decline of the US Empire
- Military Losses: Vietnam, Afghanistan, Iraq, Ukraine
- Economic Losses: The Rise of BRICS
- Political Losses: Israel, Sanctions
- The Decline of US Capitalism: What Next?
Co-sponsored by Democracy at Work and Left Forum
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Dr. Wolff, thank you for doing these lectures and making yourself available to us. Listening to your lectures, Q&As and weekly videos have helped me understand what is going on in the world around me. It has pulled me completely out of the conspiracy theory thought and has opened my eyes to the real truth, that is obfuscated by the normal day to day conversations and American capitalist propaganda. I cannot thank you enough for opening my eyes and mind.
😊😊😊😊q😊😊😊😊😊😊😊😊😊
Well said 👍
Such a great comment. I know a great deal of folks who have such anger at the system but invest so much energy in conspiracies about all sorts of wild explanations when in reality , it's not all that complicated when you learn about the inner workings of capitalism and its monopolistic and exploitative tendencies.
You are not alone!
he should intervew 1dime radio
"All empires return home to destroy themselves." ~Thucydides
In other words: "Empire feeds on the Republic." ~Michael Parenti
Actually that's not how it ends but everyone knows how this is going to end.
A thousand times like
@@jacobclay4263 ☢️☢️☢️
@@TacticalMayo Mr. Mayo, the dressing that doesn't like facts.
@@TacticalMayo Poor tactical mustard, still dreaming of a nuclear Holocaust that will save his rotten empire of flag waving corruption and crime. Well if things ever get to that, you can always climb in Trump's ass to save yourself. Make sure you take your flag with you.😂🤣😆
A true warrior of peace and justice...very few are left these days. A man of integrity. God bless you Dr Wolff
Is that what Marxism inspired in Russia and China, peace and justice?
Dr. Wolff, you bring us so much information, facts, wisdom. I thank you for spreading your knowledge.
With a third grade listening ability and a social background of a worker , i am most fortunate to have chance to hear the professors of the most prestigious universities of the world . Thanks RUclips and internet . I don't have kind of stuff a middle class do have domestically but a curiously mind and vacant time to watch the stuff and like / dislike what i find necessary for my class and nation as a whole . All that started by listening professors like you , Richard Wolff . Thank you .
You regard U.Mass as a prestigious university?
I, too, am getting my college education and more, online. For free, mostly. We live in marvelous times! Solidarity, comrade!
Everyone in the world should WATCH THIS LESSON
Thanks ,Dr Wolff-You are a true people's professor
MAY GOD BLESSING YOU THE WHOLE FAMILY
What amazes me most:
Capitalism destroyed Christianity, tradition, family and nation states and yet is vehemently defended by traditionalists and conservative Christians.
Exactly. Instead, they throw insults like "damned communists" etc.
According to them, communists are also responsible for LGBT, wokeism and progressivism.
I then tell them that this nonsense (wokeism and progressivism) could only have emerged in capitalism and that this bunch of people would have ended up in labor and re-education camps as subversive elements in the former Eastern Bloc.
@@zaggy3110 That appears to be the problem with Western Society.......
The propaganda appears to have been created in the 1950's to produce the image of repression,
in the Nations on the other side of the Iron Curtain.
The image created by the Western Investor Class has been embedded in the thoughts of US Citizens.
Because religion is typically antithetical to class imbalances, it favors progress towards class balance in society. Therefore, it’s in the interests of the ruling class to co-opt religion in their favor, since religion is by nature popular.
@@edwinvargas7969 The Layers of Religious organizations that provide the flow of funds to keep the Churches Shiney,
involves many loyal Servants within the structire of the Church,
to afford to polish the shoes of the Guardians of the Vatican, and Wall Street.
We should define the Ruling Class as the Citizens who are capable of being self supported,
by their Trust Funds or any Other endowment they may have stumbled into.
They are the People with enough disposable income to buy Political Prostitutes.
Many of the Alter Boys who haunt Trading Firms in Chicago or New York,
allow the flow of funds that Religion can provide to support profits,
in a fashion similar to the use of Advertising Firms.
The Profits that Tribute Payments made possible for Roman Citizens,
have developed profits for Brokers since the USA applied a
Hostile Takeover of the Spanish Empire.
@@edwinvargas7969It's cute that you think that
Prof. Wolf is astonishing! Suddenly the gears of 200 hundred years of history are moving in my head.
Socrates and friends: ‘Wealth is addictive, the rich will eventually destroy society'.
Collecting wealth is sick ADD immaturity (not grown up). Will destroy society because they don't try to understand the value of the Social System
If I ever became a leader, I'd want Prof. Wolff as my right-hand man.
CORRECTION: Professor Wolff is a socialist so your BEST hand has to be your LEFT hand 👍...
Brave and Brilliant Dr Wolff, a great economist and a truth Sayer 👏
And a fucking great looking shirt !
@@ChadHarding-dx5re you sanctioned china recently becuse you don't believe in free market lol. this guy is delusional
A great leader
Bravo! You are an excellent teacher
Perfectly explained
Richard's wisdom and knowledge make him a benchmark in his field. How refreshing to be informed by someone that actually knows what they are talking about. Thank you fellow.
Shame that the field doesn't consider him a benchmark.
👏👏👏 Professor Richard Wolff 👍👍👍
In Vietnam, American soldiers went up against an enemy they fully did not understand, resulting in defeat and a sense of embarrassment. It wasn't the first time, and it won't be the last.
They literally lost to every country after ww2 😂😂
They only have nukes and that’s it
We appreciate you, and those of your team. So much is coming at us common folks, that many are not telling you - that we do appreciate you.
The best hour of my life! I wish this could go on and on! I am now going to go to previous episodes.
Great lecture by Professor Wolff 👌 ..
Sadly past guest, labour organizer Jane F. McAlevey recently passed away.
Rest in Power
McAlevey's NO SHORTCUTS belongs next to Alinsky's RULES FOR RADICALS on every leftists bookshelves.
What an excellent description of the current geopolitical and economic situation, unbiased and objective. The world should be worried about climate change, depletion of resources, disease, pandemics, pollution and anything elsewhere that will harm or kill us.
Life will kill you. Also, if those are your concerns, complaining about wealth inequality becomes
a total contradiction, and you would need to return to pre-industrial conditions immediately.
No, No because the Capitalist were too busy to think about it. Money 💰 was coming by the Tons !!! Algore worried about Climate Change but they ignored him 😂😂😂
Love the casual vibe prof wolff brought this episode ^^
We love you, I love you, pro. Wolff, let's hope those who in control have better judgment. Thank you!
Outstanding, Professor Wolff! You're a beaming lighthouse of ideas for the people desiring to find the shore for their security, safety and wellbeing collectively. Thank you.
Thank you very much, Professor Wolfe. Everything well explained
You know you're losing when you have to place a 100% tariff on goods of your chief competitor. You know you lost when your chief competitor finds other buyers.
Have you won when those other buyers do not reside in your own country?
I hope these lectures will be held at The Judson Memorial Church sometime in the future.
Wolff is still cowering from the last pandemic, and since it is not over, with many more
in the pipeline, future lectures will probably see him in level 4 bio lab gear.
@@jgalt308 Good one.
Thanks Prof Wolff for your work to help people understand what the government & media & academic institutions leave out, hide or lie about. Solidarity as we live through the decline of the US empire. ☮️ I’m supporting JillStein 2024 💚
🙏🙏🙏
Yet another Tour de force Political, Economic and Global Cultural analysis, kritik and 1:08:20 commentary by Professor Richard Wolff. Talk about the wisdom of older and wise professors who now are truly at the top of their game. (It's too bad that so many were let go early during the MBA model of the University in the 1990s.)
The Prof. still Speaks truth to Power. A language is revealed; a Vision is shown, a Hope for cooperative Labour relations is revealed. I will never be able to meet Professor Wolff, but I would hope that I could shake his hand and tell him how grateful I am for his academic vocation and what he has achieved in his life. A Remarkable Achievement indeed.
The point of war nowadays is not to win. The point is to have continuous tensions or wars for the profit of the US and Western Military-Politician-Think Tank-Finance-Intelligence-Security-Media--Academia-Technology-Reconstruction Industrial Complex.
🎯🎯🎯
@@micnorton9487 Thanks.
well explained as always. love U dr. wolff
There is one "economy" that all human economies and life itself can't exist without. That is the vast web of interactions called the biosphere, and it is one system we are drastically altering without really understanding how it works.
The use of Capital to make a small number of Humans Wealthy increase has made the destruction of Nature possible.
Perhaps we can live without Capital as a measure of Value?
@danielhutchinson6604 yes, I'd like that.
@@timmoore3188 So spread the word that we should consider that policy.....
@@danielhutchinson6604 okay
I am so glad for the day I discovered Dr. Wolff!
This guy is brilliant in his presentation. If only you’re intelligent enough to get it, to be as lucky as to be on his level. He’s really dumbing down the presentation so the masses can understand it. He’s brilliant in his approach. I just wish more people would understand what he’s trying to convey. History will prove him right. I’ll never get the opportunity to meet this man but I’d be honored to shake his hand and to know I met such a wonderful human being. Anyway, enjoy the video. ❤
Apropos to nothing I love your relaxed summertime look. You're the best Prof. Wolfe! Someone to be respected listened to and treasured. TY.
Good look for you Rick, rocking your inner Californian!
Thank you for education so many of us!!! Unbelievable!
Professor Wolff - what about the "Forgotten War"? The Korean War, was just as impactful as any of the Wars the US was engaged in.
That Colonial Conflict was the origin of the Contemporary view of conflicts.
Fighting the Forces of "Evil" to a standstill.....
How are we doing so far?
@@danielhutchinson6604The new housing developments that are being built and distributed for free in North Korea look pretty nice. And it looks like trade and infrastructure projects with Russia and China are on their way to making US sanctions ineffective.
Thank you for this so amazing knowledge
Thank you. You lay these complicated subjects out in easy to understand terms. I've learned a lot.
Socialism = common prosperity, shared prosperity, and poverty alleviation. China has been a Confucian society for thousands of years. This is the foundation to contribute the world socialism, peaceful coexistence, and common prosperity among countries.
Socialism = collectivism. It's worth noting that communism and capitalism can both be individualistic and collectivistic, therefore, socialism isn't mutually exclusive with capitalism _or_ communism. Collectivistic capitalism is characterized by an organized working class who are ready to build unions, worker cooperatives, boycotts, and strikes in a moment's notice. Collectivistic communism is characterized by an organized working class who are ready to elect better representatives in a moment's notice, in order to write better economic policy. For all intents and purposes, there is no difference between collectivistic capitalism and collectivistic communism. Strong unions (free-market capitalism) and good economic policy (communism) are just two different ways for the working class to appropriately distribute the means of production.
On the other hand, individualistic capitalism is characterized by a divided working class and a powerful ruling class. That ruling class will often infiltrate the government and create a state-corporate merger. Individualistic communism is characterized by an authoritarian government that controls the means of production to benefit themselves, because the working class was too divided to elect better representatives. Again, for all intents and purposes, there is no difference between individualistic capitalism and individualistic communism. A working class who is unwilling or unable to organize to build strong unions or to elect better representatives will be ruled by the oligarchs all the same. Oligarchy, kleptocracy, corporatocracy, and plutocracy are all effectively the same thing, and they can operate within a capitalistic or communistic economy _if_ the working class is divided.
The compartmentalization of government control of the economy and free-market control of the economy are just two different ways to view the control over the distribution of resources. The working class either controls the distribution of the means of production by democratizing the workplace, by electing people to write good economic policy, or they fail to do either. Which strategy they choose is irrelevant the outcome, and in fact, they can do a little bit of both. The means of production are either controlled and distributed by and for a small few or by and for the masses. It's not capitalism vs socialism, it's collectivism vs individualism. United we stand, divided we fall.
That's truly the dumbest thing I've heard outside trump rants. China invaded, killed , burned and subdued just like every other powers nir to mention that under the cover of socialism, some of the greatest monstrosities were committed. Get your head out of your a**.
@@limitisillusion7 communism is not facism, communism = advanced socialism = a society where the capital can not exploit labors over profits, so far, no country has ever achieved communism, however, communism could be achieved if advanced technology takes over, for example, when AI robots take over all human jobs, products and service are rich in society, governments have to upgrade to advanced socialism that is to distribute products& service to every citizen in relatively fair way no matter whether the citizen have jobs or not.
@@limitisillusion7 State and government existed for one reason only that is to serve the people. Worker unions are not necessarily needed as if the government truely serve the people, in primary capitalism stage, it is government duty to negotiate benefits between the capitalists and working class. i.e. the government shall be enpowered to control the capitalists , and the government can not be controlled by lobbist who are backed by the capitalists. i.e. citizen vote government admin to control the capitalists, citizen did not vote the capitalists to control the government.
@@limitisillusion7 when elected government does not serve the people = corruption, this exists in socialist China CPC and USA too, China crash down corruption every year, 1 to 3 % CPC officials will be put in jail if they are corrupted. while USA systematically allow corruption, for example, lobby system.
What a fantastic lecturing!! Thank you so much!! I found you because Lena Petrova told us viewers to see this!
Thank you for your time and insight, Professor Wolff.
Thank you prof. Wolff from🇨🇦
Wonderfully optimistic message.
Trust me that's not what's going to happen.
Utopia is the engine of progress.
@@TacticalMayo The future is unknown.
@@Gezira oh yes it is. We 🇺🇲 will make sure of it.
Superb video, Prof. Wolff!
Illiteracy, fear, ext... keep majority Eartheans in slavery. Great presentation Dr. Wolff! Thank YOU and a TEAM❤.
Yes, he is doing his part ...maintaining all that and "ignorance" as well.
Thank you Dr. Wolff
Thank you for posting this whole presentation . I saw a teaser on tiktok... Much respect to you sir . godbless you proffessor
Great lecture: Eloquent, precise, and simple to comprehend. 👏🏻
and WRONG!!!!!
Thanks Professor Wolf, you're simply great. I wonder if you ever considered cooperating with Michael Parenti; I know he must be quite old right now, but still...thanks again!
Prof Richard Wolff you inspire me to learn and be acknowledged about Economics and its tentacles that touches every aspect of our lives
Brilliant, Professor Wolff.
This is what the Western World Diaspora (Mentally) is struggling with in foreseeing a Shifting Global consensus.
The idea/reconciliation provocations you imparted onto us all is what we, collectively, refuse to acknowledge we shy away from...
'Intellectually'.
Thinking logically appears to be Banned by Capitalism?
Always a pleasure to listen do Richard Wolff. Clarity and wisdom. We need to spread that, specially within the west.
I love this speech! I hope the world was listening! Thank you, Professor Wolff!! Robin🤗🌺😄
Thanks for the info. In the case of the UK, Keir Starmer is no better than the previous government. Starmer might be worse in some ways!
Dr. Wolff sincerely hope you got good heath and live to a hundred and beyond and keep giving us good lectures !!!
Why are there sanctions imposed by the Us on the chinese imported EV's of 100% tariffs, while no sanctions or tariffs on commodities like gold,silver,cobalt,lithium from african countries?Simple answer is that the mines are exploited by Anglo- american and De Beers corporations..! Brics+ will start sanctioning the Us and Eu elite by trading with the Brics+ countries. The West will therefore sanctioning themselves. Goodbye western unipolar hegemony.
Sweet shirt, Dr. Wolff
Everything you need to know about today. Thank you ❤
You are the greatest teacher, prof Wolff. You make economics really interesting, along with geopolitics. Thanks for everything you do. ❤
G'day Richard, good to see and hear from you fellow.
It was an excellent presentation on current global capitalism.
Amazing commentary from professor Wolff. Thank you for being brave to speak out.
I am learning a lot from you. ❤
Igor
Good Day Professor.
Many thanks for a very well explanation of what is happening with the present Global Geopolitical Issues with the West versus the developing South and the advocate of a " workers socialist system ".
China " Huawei " is the ONLY Real company that is practicing your idea of a truly " workers socialist system ".
Please do a topic on that.
Thank you from Aussieland.🙏🙏
Dr Wolff.
Thanks a lot.
This is very rational and logical forecast for the future.
It`s so nice to hear from such intelligent person!
The issue, from my perspective, is not primarily the decline of the American empire, but rather the enduring influence of the capitalist system. This system, with its promise of happiness through material wealth accessible to the masses, serves as the perfect catalyst for billions of individuals driven by ego and 'its' longing for 'more.' The allure of the capitalist dream remains potent among the general population, regardless of whether American influence continues to propel it or not.
Thank you prof Wolff for making everything so clear and simple for so many who need a way forward towards the new world taking place now.
LOVE WHAT YOU DOING AND SHARED
EVERYTHING GOES UP WILL FALL IN DOWN FINALLY.
Duck...here comes Voyager!!!!
Perhaps an episode with maps. Where in the world? Best wishes. Thank you.
That was very enlightening! Thank you very much Dr. Wolff
Love you, dear professor, and thank you so very much for sharing your knowledge with the world of political economic learners. ❤ God bless you
"There are few things more dangerous than a wounded animal". Considering the acknowledged decline of America's stature on the world stage, while also taking in to account its perennially-demonstrated bellicose nature since the end of WWII, I have become more fearful of my own country than anything else! Look no further than Ukraine or Gaza! The lunacy of those ventures and the hypocrisy that they reveal make this old man feel disillusioned, betrayed and and quite anxious for young people everywhere.
Agree,, Wall Street sees this as an existential crisis also,, a threat to cutthroat capitalism...
International Socialization, Collectivization & Decommodification of All Industry & Land.
Thank you, professor, for explaining all US's crap machinations so eloquently.
Thank you!
What a great lecture, Professor! Thank you!
Tank you.mister.wolff,all is spott on😊 hope the young on vill be vaiser, vi must be unaitet in time,😊
Buone vacanze!
We sure need more thinkers like, Professor! No doubt.
Thank you!
Vision . THANKS DR. Wolff
Dr Wolff, you are like a fine wine.. Just getting better woth age
Thanks for uploading in 4k!
Just "found" you (thanks Lena!), and loving your content. Thanks so much.
New subscriber 🙏🙏🌻
When an Empire reaches the middle, irreversible stage of decline it's leaders turn on it's own people.
The same heartless abuse that was previously levied against other peoples comes to be levied against the home population.
Best of luck, everybody.
Treating one another with kindness is the most potent balm we could and must apply generously at this stage.
Professor Wolff, thanks for this program. Will this be in addition to Economic Updates ?
Excellent Dr wolff. USA 🇺🇸 arrogance will be her downfall
Nice Batik shirt.
I agree and support the views of the professor Wolff presented in this short factual/ historical summary.
For an in depth/more detailed understanding of the history and developments of the American Empire,
I recommend the books by prof. Chalmers Johnson (died in 2010 at the age of 79) who arrived at/ came up with the same views but much earlier, over 20 years ago...
Prof. Johnson's book, the "Blowback, The costs and consequences of the American Empire " speculated that there were numerous groups seeking revenge on the US guilty of military interventions around the world since the II World War.
Essentially, the book predicted the terrorist's attack on September 11, 2001 and it was published a few months before it occurred (it elevated prof. Johnson from a relative obscurity to position of a leading historian of the American Empire.)
Thanks!
Thank you for your work!It is much needed today!!
I´ve worked in a industrial cooperative in the Basque Country for almost 35 years, after working in some other model of companies, now I´m retired. I agree totally with you in saying that coopps are a good alternative to other ways of arranging bussinesses.
Thank you very much for your clear lecture!
I was browsing the stacks at the library and came across the 2-volume Encyclopedia of Political Economy. Great resource and I noticed a certain Prof. Richard Wolff from UMASS-Amherst was one of the contributors/editors.
But found none of his actual books?
@@jgalt308Not in that section. This was the hardcore economics section. When I saw Richard Wolff there I knew he runs in high intellectual circles, but he doesn't put on airs about it. I'm guessing his books are more geared to a general audience than the Ecyclopedia. But if you really want to know what Prof. Wolff knows, I think the Encyclopedia is the best starting point.
Like if you've been attending these since the Brecht Forum ! Go wolff !! You've been an invaluable resource to me
As a traveling union electrician, I travelled around quite a bit. I'm from NYC. Marine in the 70's. But, when I pulled into the union hall parking lot at a Detroit, Mi. location, I found myself too frightened to leave my vehicle, the neighborhood was that rough. They were no paragon of virtue in the hall, either. Other halls in other locales were like Arlington national cemetery in comparison. Some kept fairness paramount. That makes all the difference.
Guys, I had a complete mental breakdown over Palestine. First, I joined a student communist party meeting. Next thing I know, they're taking a dominant role in organizing an encampment at my university. My mental health was in such a frenzy that I thought "I have to at least go and check it out", and it was the most beautiful thing in the world... A solemn gathering of people in solidarity, sharing a quiet moment together.
Fast foward to that night, I'm getting messages from the group on my phone as the police come in with riot gear and tear gas.
A month later I had a complete detatchment from reality as I felt like in some instantaneous way I understood the true face of evil.
Now, I realized I have to spend the rest of my life studying philosophy and possibly psychology to prove it. The more I think back to that moment, the more I realized I understand exactly what is going on and can talk and write about it. I'm planning on writing a book soon primarily about my experiences with mental health and how they have cultivated my thoughts and experiences. I'm going to call it: Confessions of a Failed Millenial!
Thank you Dr. Wolff for inspiring me.
Why? Wolff will never write "The Confessions of a Failed Marxist."
@@jgalt308y porqué no escribes tú otro sobre in resentido en sentido nitzcheano fracasado?.
@@carlossenequiert4791 Because the point of it doesn't involve me writing anything.
It was a suggestion for the would-be author as a commenter on this site.
Also, being a "failed millennial" is hardly a novel statement...on a site selling victimhood.
If it was a suggestion to me...I would inquire as to your reasoning for it?
The Prof., is the best!
Always love listening to his insightful lectures!
👍
Thank you, Prof. Wolff for your insight and your articulation of this precious time to change .
I don't know if professor is a believer or not but as a Muslim i confirm professor and people like him are true followers of our prophet.