A patron of Economic Update asks: "I am wondering, because the Chinese have an essential left wing "government" dictatorship, although they are so far to the left they are almost out of sight, does this mean that the US and global economies will be FORCED to move to the left in terms of their spending plans and priorities,, particularly now that the US dollar has lost its status as the global reserve currency?"
This is Professor Richard Wolff's video response.
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books
“A magnificent source of hope and insight.”
Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy
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