Trump CAN'T Fix This | Richard Wolff on Victor Davis Hanson, Iran, and America's Dying Breath
Trump CAN’T Fix This | Richard Wolff on Victor Davis Hanson, Iran, and America’s Dying Breath
Richard Wolff says the era that made North America, Western Europe and Japan rich is ending right now – and that nobody in power has a program for what comes after, on the right or on the left. Speaking with WTFinance, economist Richard Wolff argues that two declines are happening at the same time: the end of the old European empires, and the end of the United States as the empire that inherited them in 1945. He makes the case that the wealthy tenth of the world got rich off the other ninety percent, that this arrangement is finished, and that Europe and America are both answering it with denial – which is why, in his reading, the policy response is one misjudgement after another. He points to the youth protests in France, the crowds in Madrid, the unrest in Albania, and to Iran being able to tell Washington it can match its drones and its missiles. He also warns that leaders trapped in denial may escalate militarily, and he names nuclear weapons as a danger he fears. He says plainly that he is not predicting it, and we have kept that framing intact. The second half is the part most interviews with him leave out. Wolff turns his complaint on his own side – the left, he says, has no program either – and then offers one. He asks who actually decides what gets produced, how, where, and who keeps the proceeds, and answers with a figure he repeats often: by his reading of the US Census, three percent of Americans are employers and ninety-seven percent are not. His conclusion is that democracy was never installed at the workplace, and that the fix is to install it. Our expert evaluation, narrated separately and clearly marked, checks his manufacturing-jobs figure against the record – he overstates it – and says where his argument is weakest. This video is a summary cut of one interview. Only Richard Wolff’s own remarks are included; the host’s questions and all third-party narration have been removed.
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