Ask Prof Wolff: Capitalism Depends on Empire

A Patron of Economic Update asks: "I’ve also been listening to Michael Parenti quite a bit, and I think he’s right to focus on how we have materially benefitted from being an empirical world power. I think this is an important area to explore when it comes to developing a consciousness of the exploitation of the Global South, and I would love your perspective as an economist. Could you explore the connection between the U.S. empire and economy, and share historical moments that you find particularly effective in illustrating to others that our wealth as a nation is built off the backs of others?"

This is Professor Richard Wolff's video response.

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