The United States of Denial
States can’t easily accept unpleasant realities like their power is waning. America is no different. In geopolitics, China is an ascending power and challenging U.S. hegemony. Unlike in the past, China can’t be easily pushed around. Its top diplomat says Washington “is in no position to make demands of China.” Economically, China’s GDP is projected to pass the U.S. in the next decade. The U.S., riven by internal contradictions, ever-growing inequality and factionalism, is losing ground to China. But in one area it remains dominant: the military. It is building new bases in the Philippines completing an arc of U.S. forces around China. How would Washington respond if China surrounded the U.S. with bases? “Denial is never a good idea,” says economist Richard Wolff. “We have to face what’s going on. Otherwise, we are going to get ourselves into one mess after another.”
Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts in Amherst and currently a visiting professor at the New School in New York. The New York Times calls him “America’s most prominent Marxist economist.” He is the author of numerous books including Democracy at Work, Capitalism’s Crisis Deepens and Occupy the Economy with David Barsamian.
I appreciate the opinions of thise with knowledge that most common ppl do not know but need to know presented by your guests. I heard Richard Wolff’s lecture this March 20, 2023, that were enlightening. Thank you for his and others who have knowledge that is informed and concerned for the well-being of all.
Daniel Skenderian (verified owner) –
An incredible lecture. This made me look at the bigger picture around what’s going on. He has a great way of pulling it all together and handing it to you clearly and concisely.
Gregory Doyle –
Thank you for your presentation. Very interesting perspectives. Where can I find out more?
just wow! so informative and captivating. I don’t even care much for economic talk but dang this one had me at the edge of my seat.