Explore Global Capitalism with Richard Wolff as he talks about the decline of the United States Empire, examining its military losses, economic challenges, and changing global status. Wolff highlights the historical pattern of rising and falling empires, using the Vietnam, Afghanistan, Iraq, and Ukraine conflicts as indicators of the US's waning dominance. Economically, he observes the fading hegemony of the US dollar and the rise of China and the BRICS nations as new global economic powers. Politically, he notes global shifts towards multipolarity and the immense opportunities and choices facing China as a potential new empire or an advocate for a more equal, multi-centered global community. Finally, Wolff discusses the systemic issues of capitalist structures and the potential transformative power of reorganizing workplaces into democratic, employee-run cooperatives.
Europe in 2024 Disunity, Decline, Despair
with Richard D. Wolff
Co-sponsored by Democracy at Work & Left Forum
In this lecture, Prof. Wolff discusses the following topics
- Military Losses: Vietnam, Afghanistan, Iraq, Ukraine
- Economic Losses: The Rise of BRICS
- Political Losses: Israel, Sanctions
- The Decline of US Capitalism: What Next?