Global Capitalism: November 2021 Live Economic Update

[November 2021] New

Direct Download

China - US’s First Real Competitor in a Century

with Richard D. Wolff 
Co-sponsored by Democracy at Work & Judson Memorial Church
In this lecture, Prof. Wolff will discuss the following:
  1. Major Chinese Economic Achievements and Problems
  2. China-US Interdependence, Competition, and Cold War
  3. Is China Socialist? What does “Chinese Socialism” Mean?

A special thank you to the following GCLEU Super Fans whose generous support makes this lecture series possible:

Blake Morrell * Ed Cook Heather * A globalist with Chinese characteristics * James and Susan Anderson * Jim Schumacher * John Jones * Kevin Hill * Kimberly Hudnall Family * Kyle Wulle * Larry Jennings * Mahmood Nooshi * Mary Marx * Matthew Kleu * Michael DeFreitas * Noms Chompski * Paul * Sharon Hanson * Dan Stevens

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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: https://www.lulu.com 

“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork

Showing 1 comment

  • Steve Greenberg
    commented 2021-11-13 11:01:46 -0500
    I was going to praise this talk highly until you went off the rails at about 30 minutes. This is where you let your ignorance of Modern Money Theory get the best of you. You talked about the problem of the USA paying China for the money that China “lent” to the USA bu its purchase of USA Government bonds. You wonder what will happen if China demands repayment of the loans. You should wonder more deeply about that very question. What kind of repayment of these loans can China expect? What do we have to give them to replay the loans? The only thing they are legally entitled to for repayment is more USA money. Who can create this money out of thin air? The USA Government agency called the Federal Reserve Bank creates this money. The money does not come from collecting taxes from the people USA citizens who are also recipients of money created by the FED. Just having you think about this ought to be enough to give you pause.

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