Economic Update: The Deepening Fragility of US Power

[S12 E31] The Deepening Fragility of US Power
In this week’s show, Prof. Wolff presents updates on successful unionization at Trader Joe’s, lottery tickets as disguised regressive taxation, gasoline inflation brings record profits to big oil companies, and pharmaceutical industries' ad campaign to block gov't plan to buy medications in bulk and pass savings onto public. In the second half of the show, Wolff interviews Vijay Prashad on his new book with Noam Chomsky on the fragility of US global power.
**Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: / democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts!
A special thank you to our devoted EU Patreon community whose contributions make this show possible each week.
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About our Guest: Vijay Prashad is an Indian historian, the chief editor of LeftWord Books, and the director of Tricontinental: Institute for Social Research. He is a senior fellow at Chongyang Institute for Financial Studies, Renmin University of China, and author of over 20 books, including his latest co-authored with Noam Chomsky and released this month. It is entitled The Withdrawal: Iraq, Libya, Afghanistan, and the Fragility of U.S. Power.
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NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: 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 www.democracyatwork.info/books
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SOURCES FOR SHOW SEGMENTS:
1. Trader Joe’s Union: www.usnews.com/news/business/... truthout.org/articles/trader-... www.teenvogue.com/story/young...
2. US Lottery: www.axios.com/newsletters/axi...
3. Oil Record Profits: www.wsj.com/articles/chevron-...

Пікірлер: 599

  • @kwamebushman606
    @kwamebushman606 Жыл бұрын

    I think Americans genuinely don't realize the world is turning away from it in every way.

  • @JasonLastName

    @JasonLastName

    Жыл бұрын

    Think? Majority of Americans don’t realize it, and or fail or don’t want to believe it.

  • @prestonpollock3924

    @prestonpollock3924

    Жыл бұрын

    @@JasonLastName I was gonna say this too. Many Americans don’t realize, or refuse to believe, that their influence in the world has been shrinking for years now. They are turning into a pariah state

  • @pvohra

    @pvohra

    Жыл бұрын

    We know and we don't care.

  • @andrethorpe6183

    @andrethorpe6183

    Жыл бұрын

    Observing the denial is an amazing experience considering how many of the US financial experts are online now singing the same tune in chorus.... We in the West could delay the effects if we would only learn to CO-EXIST and CO-OPERATE with those in the East who are now becoming the engine of the future global economic growth. Trying to suppress and re-establish dominance over nations who now form the basis for your economy to continue to survive is not a realistic solution to a declining empire...it just speeds up the decline in influence.

  • @herrgolf

    @herrgolf

    Жыл бұрын

    Which financial experts are most prominent in saying this?

  • @whitemoon5752
    @whitemoon5752 Жыл бұрын

    I love listening to Vijay Prasad, he is very knowledgeable on geo politics and he can see the truth even though how murky it is. Please bring him more to your show.

  • @johnlee-yo8jc
    @johnlee-yo8jc Жыл бұрын

    A HUGE fan of Vijay Prashad! I could listen to him for hours.

  • @guyburgwin5675

    @guyburgwin5675

    Жыл бұрын

    First I ever heard him. He made my day.

  • @zhunchen4499

    @zhunchen4499

    Жыл бұрын

    He has a great way of articulating the point to get full pictures

  • @SteveSmith-mw5zk
    @SteveSmith-mw5zk Жыл бұрын

    Thanks professor Wolff we need to keep hearing this message and voices like Vijay. So important

  • @joylove8693

    @joylove8693

    Жыл бұрын

    Enjoy listening to both of you as your talks are factual based, many thanks.

  • @MightySteve001
    @MightySteve001 Жыл бұрын

    Thanks that was a great interview with Vijay Pashad. Vijay Prashad expresses his thought in an eloquent way.

  • @NotAPacifist825
    @NotAPacifist825 Жыл бұрын

    The high cost of gas has been mostly oil company profit. You can't say this enough.

  • @icemike1

    @icemike1

    Жыл бұрын

    Agree

  • @Alan_Dler

    @Alan_Dler

    Жыл бұрын

    So true

  • @darkroses3479

    @darkroses3479

    Жыл бұрын

    Oil is like US housing market, the asking price is really the starting point for negotiations. That's what happens when there is more demand than supply. I would take the highest price too.

  • @tuckerbugeater

    @tuckerbugeater

    Жыл бұрын

    The government is collecting more taxes than ever before! They love inflation created from Fauci's bioweapons and Putin's invasion. That's why they love Ukraine so much.

  • @NotAPacifist825

    @NotAPacifist825

    Жыл бұрын

    @@darkroses3479 it might be if 3 people owned all the houses

  • @darrenmanning3547
    @darrenmanning3547 Жыл бұрын

    Vijay Prasad is one of the most honest intelligent and enlightened people on the planet!! Always a pleasure to hear his wisdom.

  • @guyburgwin5675
    @guyburgwin5675 Жыл бұрын

    The best thinkers are easy to understand. I think because they are approaching the truth. I love this guy.

  • @looperant

    @looperant

    Жыл бұрын

    I really like that point you make. I'm going quote you on my fb. page i hope you don't mind.

  • @thewelshdragon.5979
    @thewelshdragon.5979 Жыл бұрын

    Always a pleasure to listening to Mr Pradesh. An intelligent and truthful man 👍

  • @edhiepitz

    @edhiepitz

    Жыл бұрын

    He is mr prashad

  • @kevintewey1157

    @kevintewey1157

    Жыл бұрын

    Vidjay Prashad

  • @Lindatong2

    @Lindatong2

    Жыл бұрын

    Truth and logic are lacking in main stream western media. Lying to ourselves would only lead to stupidity, contradictions and decline. Prashad is so right about that fragility.

  • @orchidtang6873

    @orchidtang6873

    Жыл бұрын

    Yeah I almost fell in love with Professor Prashad when he spoke in COP26-- so brave, highly intelligent and adorably handsome😘. He can be my idol for sure!

  • @tymanung6382

    @tymanung6382

    Жыл бұрын

    Mr. Prashad and The Welsh Dragon are both victims of English rightist empire.

  • @maniblondelly
    @maniblondelly Жыл бұрын

    Listen to vijay, never trust the politicians, support your local co-ops, la lucha sigue compañeros 🌹🌹

  • @chloesweet6667

    @chloesweet6667

    Жыл бұрын

    Hear, hear! The politicians are not representing our best interest since long ago. It dosent matter which political party, they are there for their own benefit. People must begin to understand that we all have many of the same concerns and problems and begin to face the real threats to us.

  • @julietao2554
    @julietao2554 Жыл бұрын

    This Indian scholar is one of very few of Indian who has an honest opinion about China

  • @buttercuptaylor7135
    @buttercuptaylor7135 Жыл бұрын

    I worked in a small mom and pop grocery in a tiny farming town and came to realize buying a lottery ticket is the only hope the poor have.

  • @RussCR5187

    @RussCR5187

    Жыл бұрын

    Which is to say ... very close to no hope at all.

  • @guyburgwin5675

    @guyburgwin5675

    Жыл бұрын

    A man from India told me a joke. He said America is a country blessed by god but the americans dont know it. Are we to be miserable if we dont win the lottery? I detest everything about that notion.

  • @looperant

    @looperant

    Жыл бұрын

    The poor of the global north run on the lottery for hope and the poor of the global south still run on a white man's God for hope.

  • @noelbrown6771

    @noelbrown6771

    Жыл бұрын

    @@guyburgwin5675 If you were born in the USA or immigrated here, you have already won the lottery. Sadly most American young people aren't shown that. They are like the most miserable person who lost the winning lottery ticket. If only they could meet your Indian friend.

  • @rais1953

    @rais1953

    Жыл бұрын

    The lottery exists to collect money from the poor while pretending to offer them wealth.

  • @kaimingraymondchoi9909
    @kaimingraymondchoi9909 Жыл бұрын

    I watched the Warmonger U-tube series. Every time when a US President announced a war, they announced it with great pride. They felt absolutely heroic about it.

  • @foodparadise5792

    @foodparadise5792

    Жыл бұрын

    USA reminds me of Mongolian empire, ferocious and short-live. We still stand after 5000 years. That's all it matters.

  • @albback8176
    @albback8176 Жыл бұрын

    Great discussion, especially with vijay prishad.

  • @SofaKingShit
    @SofaKingShit Жыл бұрын

    Prof Wolfe has been talking for years about how the thrashing and roiling of an empire in it's death throes will terrible to behold. Now it seems that we're experiencing it directly.

  • @craigrik2699

    @craigrik2699

    Жыл бұрын

    It’s taken years because that ailing empire can print its own money and the rest of the world had to take on the US debt. Not anymore, the world has options which is a problem for the empire because if no one is using their $$ to trade with then it’s lights out

  • @hollyw9566

    @hollyw9566

    Жыл бұрын

    I'm terribly frightened by what this empire might do in its death throes. We've still got a hell of a lot of nukes. I can see these old men and women in power who apparently don't give a damn about their kids or grandkids blowing the whole thing up.

  • @alexanderb7721

    @alexanderb7721

    Жыл бұрын

    Because of a little inflation and shortages caused by supply chain inefficiencies? We aren't experiencing anything yet. I don't want to be a doomer but this really is just a prologue for what's to come.

  • @petestanton1945

    @petestanton1945

    Жыл бұрын

    Sounds more like the other KPFA Allstar, Chris Hedges.

  • @RussCR5187

    @RussCR5187

    Жыл бұрын

    @@hollyw9566 Col Larry Wilkerson, chief of staff for Colin Powel, participated in many tabletop wargame exercises during his time in the government. As I recall, most represented conflicts between the US and China. He said that every single one ended with nuclear war.

  • @Guitarpima
    @Guitarpima Жыл бұрын

    It should be pointed out that during the 1970s, the beginning of the lottery, they stated they would put proceeds towards schools. Obviously, that did not happen.

  • @STScott-qo4pw

    @STScott-qo4pw

    Жыл бұрын

    surprise, surprise...

  • @jeankern2646
    @jeankern2646 Жыл бұрын

    Two giants of wisdom, what a pleasure to listen to them.

  • @kaimingraymondchoi9909
    @kaimingraymondchoi9909 Жыл бұрын

    When I was studying in UK, I read a lot of economic papers published by the university of US. I was astonished how advance were those economic analysis. They have highly powerful and comprehensive analytic as well simulation tools to predict how one action could affect the local as well as international economy. I am therefore 100% confident that the President of US was fully aware of the effect when he order sanction against Russian oil - another obvious act to help the rich to become richer and poor poorer. I therefore question if that's the President really wanted by its people or he is only wanted by those controlling the economy of US.

  • @darkroses3479
    @darkroses3479 Жыл бұрын

    We have worked very hard here in the US to keep the East and SA impoverished. Of course our victims are getting strong enough to fight back.

  • @suzanneharris8339
    @suzanneharris8339 Жыл бұрын

    Vijay & Vandana- thank you, India, 🇮🇳 They are stellar citizens & very generous in global truth-telling.

  • @tymanung6382

    @tymanung6382

    Жыл бұрын

    The Patnaiks are also great !

  • @samaval9920

    @samaval9920

    3 ай бұрын

    Radhika Desai, Bikrum ?? , very fortunately etc. !

  • @adinahaun6001
    @adinahaun6001 Жыл бұрын

    I never thought of lottery tickets as a way for the rich to avoid taxes. Thank you Professor Wolff for enlightening us on this and many other topics! Always love to hear the sanity of Mr. Pradesh. He’s on many platforms and always delivers great insights. Recently he was on Useful Idiots for a lengthy valuable interview.

  • @jokers7890

    @jokers7890

    Жыл бұрын

    lottery and casinos.....they collect the money frrom poor to pay taxes instead of paying their fair share

  • @brianwheeldon4643
    @brianwheeldon4643 Жыл бұрын

    Thanks Richard and Vijay. Always a pleasure to listen to Vijay with his widepread knowledge of Asia, Africa, and much of the rest of the continents. Thanks again

  • @joelquaintance9025
    @joelquaintance9025 Жыл бұрын

    This was excellent; please invite Vjay to again speak about US global suicide.

  • @catchow1

    @catchow1

    Жыл бұрын

    "US global suicide" that phrase really captures our situation.

  • @samliew6610

    @samliew6610

    Жыл бұрын

    Vijay is an excellent Speaker with extremely good knowledge of history and geopolitics.

  • @lenuvian

    @lenuvian

    Жыл бұрын

    I can't believe people in US and EU are sitting on their hands, while a handful of lunatics are throwing them under the bus. Something has to give.

  • @winhtut9050

    @winhtut9050

    Жыл бұрын

    Episode 2 with Vjay please

  • @thierrycs1165

    @thierrycs1165

    Жыл бұрын

    & The US want everyone to suicide with them

  • @joeymurdazalotmore6355
    @joeymurdazalotmore6355 Жыл бұрын

    When regan illegally broke the air traffic controller strike it was open season on unions and the past reflects that it had indeed been no holds barred more n faster since then

  • @TexasRiverRat31254
    @TexasRiverRat31254 Жыл бұрын

    I'm a retired union skilled tradesman with two pensions. I worked in the non union sector until my early 30's so I have experience on both sides. The union isn't perfect. There's political BS and "the good ole boys" run both but without my pensions to add to social security I'd be struggling to get my work boots on to hobble off to work. Go union now if you can.

  • @lenuvian

    @lenuvian

    Жыл бұрын

    The FEDs have had their claws in everything with transformative potential for almost a century. They have a money machine and are not shy about using it for absolute control.

  • @josho6038

    @josho6038

    Жыл бұрын

    It wont be there when you go to collect it, but it makes you feel good i guess

  • @basedneeble7350
    @basedneeble7350 Жыл бұрын

    Vijay is so good at painting a picture of the world wide processes taking place right now, I am going to give this many replays.

  • @skellys1948
    @skellys1948 Жыл бұрын

    Costco, whose treatment of its employees originally drew me in, as a customer, seems to be regressing toward Walmart standards. Along with other, more subtle changes, they now include DIY check out areas, which, in time, means one less employee per successful station. Perhaps, it's time for those employees to get together...

  • @polygamous1

    @polygamous1

    Жыл бұрын

    its called unionism in the old days the police would attack the strikers deprive them of most of their freedoms till they desroyed them Now is "BETTER" few "G/men" in black may pay a visit to the leaders wives maybe nutch their car off the road when they are driving their kids to school shopping etc with few words tell hubby if he wants to see his chilren again the strike stops as form today unions are finished now mate the deep state is now Very sinister, why did Canada "confiscated IE stolen" the truckers trucks n put them in prison, its too late for that now either a Nuclear Holocaust or God's Armageddon IE Apocalypse if not we are all stuffed, Planet of the slaves lanet of the apes was a cold run for what they have in store for us

  • @EvolutionWendy

    @EvolutionWendy

    Жыл бұрын

    At first I avoided those self checks (at supermarkets) to go to the regular cashiers, but I noticed they seem to prefer that we go to self checks so they have fewer customers. I feel that is such a backwards thought for them

  • @chloesweet6667

    @chloesweet6667

    Жыл бұрын

    @@EvolutionWendy I have experienced the same. The store has the employees actually guide you to the self check registers and they are too willing to follow orders. I believe they (the employees) are not truly understanding what that new trend means for them. I still go to the regular cashier, leaving the self check as a speedy way to pay when I have 5 items or less and the regular registers are quite busy.

  • @myleshagar9722

    @myleshagar9722

    Жыл бұрын

    @@chloesweet6667 I will not work free for the store and use the self-check, unless I get 15% discount.

  • @denisloukeris2523

    @denisloukeris2523

    Жыл бұрын

    I have asked at Walmart employees about those machines that will take jobs away they say they didn't understand what I was saying .The are always in fog

  • @bellybutton6138
    @bellybutton6138 Жыл бұрын

    Kishore said: The USA cannot share power .. indeed internationally and internally.

  • @jarvisaddison8560

    @jarvisaddison8560

    Жыл бұрын

    Pure facts!

  • @khsaw6679
    @khsaw6679 Жыл бұрын

    One of the most powerful solution for the entire presentation, many thanks to Professor Richard Wollf and well known Historian Mr.VJ Prashad.

  • @georgesais8687
    @georgesais8687 Жыл бұрын

    This was great. Thank you to the both of you. Excellent analysis from you Dr Wolff and from Vijay, clear and methodical as always. From Sydney Australia.

  • @geraldmeehan8942
    @geraldmeehan8942 Жыл бұрын

    Thank you for the global insight professor Wolff

  • @jennifer7204
    @jennifer7204 Жыл бұрын

    Vijay's remarks about the US not making cheaper phones in relation to China hit me hard! Instead of being creative and innovative the US decision makers are just clobbering people. Innovation requires education and that has been made abysmal in the states so... I haven't felt this sad - this kind of sad - in a while (and I'm a school teacher well aware of climate collapse and preparing accordingly). When the Russians beat us into space, I don't recall learning about sanctions and b.s. like visits to Taiwan. I remember we did better. Wow. I'm teary.

  • @nickd4310
    @nickd4310 Жыл бұрын

    Empires end when the cost of maintaining overseas armies exceeds the profits of their colonies.

  • @c.p.haslop2500

    @c.p.haslop2500

    Жыл бұрын

    Well stated! Which led to the downfall of Rome. History does indeed repeat itself, just give it time.

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    That's when the nukes fly.

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    @@c.p.haslop2500 no one will take the place of the United States as the number one economy or number one superpower it's not going to happen. Otherwise the US will get so aggressive that life will end on Earth due to nuclear war.

  • @c.p.haslop2500

    @c.p.haslop2500

    Жыл бұрын

    @@beastmode8203 I agree. The elites will ensure that both the military industrial complex and the Eurodollar remain the major players in global policy. Otherwise, ALL BETS ARE OFF

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    @@c.p.haslop2500 this is why I'm leaving to Puerto Rico. Because tribalism is going to kill us all.

  • @ahsimiksnabac6576
    @ahsimiksnabac6576 Жыл бұрын

    in the UK where i live, we call the lottery, the "stupid tax", i think that says it all!

  • @dannyweilthereisnorussiaga6594

    @dannyweilthereisnorussiaga6594

    Жыл бұрын

    It does if you add desperation to the equation

  • @lenuvian

    @lenuvian

    Жыл бұрын

    ​@@dannyweilthereisnorussiaga6594 It is well documented that living in want and uncertainty blunts your decision making and thinking skills. It was confirmed by several ubi trials. It follows of course that this is a desired outcome for those in power to retain it. People don't organize and strategize effectively, when destitute.

  • @peternyc
    @peternyc Жыл бұрын

    This is the best guest Prof Wolff has ever had!

  • @socialistsolidarity
    @socialistsolidarity Жыл бұрын

    Two of my favourite socialists 🥰

  • @NotAPacifist825

    @NotAPacifist825

    Жыл бұрын

    Each has his strengths. They're a good combination.

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    Fucking tankies.

  • @ottocubed9520
    @ottocubed9520 Жыл бұрын

    Outstanding professor Wolff. Thank you VJ, your the man!

  • @davet9708
    @davet9708 Жыл бұрын

    Two brilliant professors, love it.

  • @Dan-DJCc
    @Dan-DJCc Жыл бұрын

    Around 20 pages of the tax code are how to fill out your 1040. The other 80 thousand pages are exemptions for rich people so they don't have to pay tax. The unpaid tax burden is shifted from rich people to those who don't get those exemptions. Capital gains, which come from having a piece of paper that says you own something which earns you money, like most rich people have, is taxed at a far lower rate than income from providing labor, which is what most of the rest of us have to do. Big money people made the tax laws to favor themselves because enough of the rest of the people believed in deregulation to make that happen.

  • @jgalt308

    @jgalt308

    Жыл бұрын

    How do you know you are a "person"? If that seems like a strange question, it is similar to the question....How do you know you are an employee or employer? Is this a question that depends on common understanding, or has it been "legally" defined? By law an employee is: The term employee includes every individual performing services if the relationship between him and the person for whom he performs such services is the legal relationship of employer and employee. The term includes officers and employees, whether elected or appointed, of the United States, a State, Territory, Puerto Rico, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. If this suggests to you that you are one....( by common usage or understanding ) you are being misled by the first sentence, because the definition of a "legal' employee only applies to those that follows the word "includes"......and while that might be you, it does not include anyone who is NOT WORKING for some level of "government". The source for this is: 26 CFR § 31.3401(c)-1 which is the regulation governing w-4 voluntary with holding agreements. Other excerpts from this regulation are: 1.) (a)Employer-employee agreement. An employee and his employer MAY enter into an agreement under section 3402(p)(3)(A) to provide for the withholding of income tax 2.) an employee who desires to enter into an agreement under section 3402(p)(3)(A) shall furnish his employer with Form W-4 (withholding exemption certificate) 3.) If accepted by the employer as provided in subdivision (iii) of this subparagraph, the request shall be attached to, and constitute part of, the employee's Form W-4. An employee who furnishes his employer a request for withholding 4.) An agreement under section 3402(p)(3)(A) shall be effective for such period as the employer and employee mutually agree upon. However, either the employer or the employee may terminate the agreement prior to the end of such period by furnishing a signed written notice to the other. Now keep in mind that this applies only to those legally defined as being an "employee" by that same regulation., and that there are NO other "regulations" regarding any "other type" of "employees"....and the use of THIS FORM, for the purpose, also defined. The following is the entire regulation and all words that have "legal definitions" are highlighted in blue and linked to that definition. ( link removed to avoid post deletion ) So are YOU a "person" or an "employee"? Under penalties of perjury, I declare that I have examined this certificate and, to the best of my knowledge and belief, it is true, correct, and complete. Employee’s signature (This form is not valid unless you sign it.) So maybe what you "believe" matters.....and in your ignorance of the law, you will commit "perjury".....but don't worry, you WILL NOT be "prosecuted". After all, you just made yourself "liable" for "income taxes" you don't owe......which is a much better deal for the government, and they will prosecute you for NOT paying them. Now you would think that all those people you have voted for or will vote for should know this....but if you have learned nothing else when it comes to the "law", never ASSUME you know what the words mean...because you DON"T. ( although the typical reaction to this "information" will be similar to that of those who deny the reality of a "scam" that has been successfully working for 8 decades and counting. ) So vote early and often.....after all, look what you are getting in return.....priceless.

  • @myleshagar9722

    @myleshagar9722

    Жыл бұрын

    Cleary, Dan is not living in capital gains tax Canada.

  • @slc801
    @slc801 Жыл бұрын

    Two intelligent gentlemen for the people 👍🏼

  • @tuckerbugeater

    @tuckerbugeater

    Жыл бұрын

    Do you think either one has a surplus of goods?

  • @wotwot6868
    @wotwot68683 ай бұрын

    Grats on the team at Democracy@Work. I have seen this channel from the beginning, I have been following Prof. Wolff before this channel existed. Almost 400k subscribers is serious now. Keep up the good work!

  • @summertimesummernight
    @summertimesummernight Жыл бұрын

    Thank you professor Wolf and Mr Pradesh for your honest/truthful interlectual information very enlightening. In my opinion the main stream journalism/ media is full of propergander, thanks to people like you.

  • @andrelemire9915
    @andrelemire9915 Жыл бұрын

    Brillant guest.....

  • @nancyhirsch7768
    @nancyhirsch7768 Жыл бұрын

    As a former TJ's crew member, order writer and store artist, Trader Joes was probably the best retail gig a person can get. HOWEVER, the company has changed a lot from even five years ago. TJ workers need to be protected from the treatment and pressures placed on them by management. The game playing with work scheduling and clawing back worker benefits are just two new tactics going on. Power to the workers! It's crew members taking all the insane crap from customers, not the mates and certainly not captains.

  • @darkroses3479

    @darkroses3479

    Жыл бұрын

    Trader Joe's is trying to survive in an impoverished USA. Your money goes further in other grocery stores.

  • @fortedrummer3026
    @fortedrummer3026 Жыл бұрын

    Thank you, Democracy At Work! This past weekend, I watched Vijay Prashad on a few other KZread channels and wondered when Professor Wolff might interview him - something I was hoping for. Thanks also for examining the flow and distribution of money in state lottery systems. I had wondered about that for a while, but hadn't tried to look into it.

  • @marie-laure.
    @marie-laure. Жыл бұрын

    Rome also declined in violence. The military primacy was key in their decline. The twist is that the US leveraged this to destroy the USSR and apparently they may experience a vintage effect.

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    Far from it our nukes will fly before anyone takes our place.

  • @davidwright8432
    @davidwright8432 Жыл бұрын

    I was incensed at the US stand on Huawei, whose equipment is on technical grounds better than anyone else's. In consequence of US fear, meddling and bullying, Europe and the US is now being forced to buy inferior G5 equipment from 'politically acceptable 'non-Chinese vendors. Some of the Huawei software for its G5 system was developed with the help of UK sources. The idea that non-Chinese equipment is free of 'backdoor' entrances, is laughable. Sardonically amusing that 'Communist' China is out-capitalisting the chief capitalist! If the US was truly interested in competition, it would welcome it, instead of suppressing it. It's not as if they're gong to regain their techno-mojo - CHIPS or not.

  • @c.p.haslop2500
    @c.p.haslop2500 Жыл бұрын

    Excellent content and thought provoking perspectives 👍

  • @oshinoedan5666
    @oshinoedan5666 Жыл бұрын

    Vijay is my favorite person to listen to

  • @johnwright8814
    @johnwright8814 Жыл бұрын

    We have the same cost-of-living crisis here in the UK. I wonder what we have in common, to suffer the same problems. We use the same global corporations to supply us, that's it.

  • @diamon999

    @diamon999

    Жыл бұрын

    We have the same neo-liberal ideological madness too.

  • @darkroses3479

    @darkroses3479

    Жыл бұрын

    No, both countries spend more than they produce and that creates high prices and a weak economy.

  • @johnwright8814

    @johnwright8814

    Жыл бұрын

    @@darkroses3479 Too much happens between "country spend" and "country produce" to conclude with "high prices and weak economy".

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@johnwright8814 western world is living too well, compared to many poor countries... time to take down a peg for you. you always just whine and moan you are having it bad... well... visit India, Africa, even Latin America.... then you will stop complaining so much.

  • @johnwright8814

    @johnwright8814

    Жыл бұрын

    @@diamon999 You should read Professor Richard Murphy's article "Surviving 2023" freely available on his Tax Research UK website.

  • @liberty-matrix
    @liberty-matrix Жыл бұрын

    "This is the beginning of the transition from liberal-globalist American ego centrism to a truly multi polar world." ~Vladimir Putin, - 06/08/2022

  • @mildredmartinez8843
    @mildredmartinez8843 Жыл бұрын

    Your explanation of the lottery was superb. I learned a lot. Great work professor.

  • @SWAZIGOLD
    @SWAZIGOLD Жыл бұрын

    AFRICA THANKS VIJAY PRASHAD !!!...TELL AMERICA ISRAEL FRANCE TO GET BOOTS OFF AFRICAN SOIL !

  • @ashleymcintosh1604
    @ashleymcintosh1604 Жыл бұрын

    Great stuff VJ as always great.

  • @charleskesner1302
    @charleskesner1302 Жыл бұрын

    Always good to hear from Vijay. Thanks

  • @andymolina4016
    @andymolina4016 Жыл бұрын

    Well said!

  • @user-cd2ut4fx1m
    @user-cd2ut4fx1m6 ай бұрын

    Loved this particular episode. Indispensable from the Prof ♥️🕊️♥️(yes, I watch older vids too - again, indispensable).

  • @teckmenglee8060
    @teckmenglee8060 Жыл бұрын

    The interview was very good. Thanks Mr Pradesh for your insightful view of the situation.

  • @andymilic4093
    @andymilic4093 Жыл бұрын

    Hopefully it stays independent, the Teamsters is known for managements graft & corruption, exactly why long islands Amazon warehouse union drives failed initially connected with the teamsters, soon as they tried on their own,they got it!! Good for them

  • @jokers7890

    @jokers7890

    Жыл бұрын

    yup fk the teamsters as much as any corporation, corrupt mofos

  • @breft3416
    @breft3416 Жыл бұрын

    Great stuff! Prashad lends intense clarity to the issues the US faces. Or is it better to say created? As always, thanks Professor Wolfe.

  • @hjalmarschacht2559
    @hjalmarschacht2559 Жыл бұрын

    Thanks!

  • @pad9x
    @pad9x Жыл бұрын

    i love Vijay. easily one of my favourite Communist Intellectuals in the world today

  • @jc9109
    @jc9109 Жыл бұрын

    Thank you professor 🙏

  • @yinchan4185
    @yinchan4185 Жыл бұрын

    Australia's 60 Minutes is one of those mediums that likes to tell a lot of lies.

  • @alloomis1635
    @alloomis1635 Жыл бұрын

    i wonder if a society that only uses adversarial methods of organization is really efficient? the drive to maximize profit seems likely to alienate the entire society. the normal human response is to do as little as possible, while looking for a better job.

  • @oldfan1963
    @oldfan1963 Жыл бұрын

    Lotteries. A subject near to my heart. The Pennsylvania lottery claims to help seniors. Yet, low income housing for seniors has dwindled to the point where there are years-long waiting lists,. The public "free" transport for seniors is constantly being limited or eliminated. The most pathetic site I se, is elderly, shabby people patiently scraping away at the $2 ticket. Who knows what dreams they entertain? Thanks, Prof.

  • @jokers7890

    @jokers7890

    Жыл бұрын

    yup just like casinos are supposedly helping native americans.....BS....its about rich people avoiding paying taxes that should go to support native americans....instead poor people go to casinos and pay the rich peoples taxes for them....including supporting native americans......its pitting poor people against native americans and the rich laugh all the way to the bank.....its disgusting

  • @mijmijrm
    @mijmijrm Жыл бұрын

    "exonmobil earned four times more ..." I object to the use of the word "earned".

  • @josephyoung6749
    @josephyoung6749 Жыл бұрын

    great show, I loved Vijay Prashad's segment

  • @Dr.HelenT
    @Dr.HelenT4 ай бұрын

    Excellent discussion!

  • @HxH2011DRA
    @HxH2011DRA Жыл бұрын

    Best episode of the show yet!

  • @hammadsethi5329
    @hammadsethi5329 Жыл бұрын

    Very informative

  • @BeelP.
    @BeelP. Жыл бұрын

    Vijay Prashad is spot on in pointing out that Reuters, AFP, and even Nikkei are instruments of desperate Western attempts to stave off a decline in multiple dimensions of the manifestation of their power.

  • @madeleineswords704
    @madeleineswords704 Жыл бұрын

    Vijay is just excellent!

  • @sgturner59
    @sgturner59 Жыл бұрын

    Thanks for this.

  • @Sam-ob4vg
    @Sam-ob4vg Жыл бұрын

    It's a degrace many workers are grossly underpaid and they have to top up by the tips given by customers often feeling pitty towards these workers. Meanwhile the bosses are paying less tax than they should have been paying.

  • @STScott-qo4pw

    @STScott-qo4pw

    Жыл бұрын

    and the invisible shareholders make out like phukking bandits.

  • @GnosticCushite
    @GnosticCushite Жыл бұрын

    At my Union it clear among us workers that our Union is only for the interest of the Union and NOT the employees. It's so bad at my job that there is a division between the workers, the ones who get a pension and the ones who don't. The ones who don't get a pension get a 401/457 plan, like myself. Before, every worker at my job used to get a pension. Our union was responsible for that change and division because they are in cahoots with staff. We don't even have a strike fund! Where is my money going and what is the purpose of our union? Our union says they are insurance/protection for in case you get in trouble with staff. Isn't that the same thing the Mob would tell their victims, you need protection? People who opted out the union get in trouble all the time at my job yet they are still here! The union is a scam! I started this job paying 60 bucks a month in union dues and now it's almost 100 bucks a month! Non-pension holders at my job are starting to opt out the union and eventually that's what staff wants so we can be at their mercy but we are already at the mercy of staff. So many people are fed up yet people I think are scared to say or do anything. The way the union talks to us, I literally can't tell the difference between them or staff. How are we going to pay our bills if we go on strike? I'm down to go on strike, I don't have kids plus I have enough savings for rent and food for a whole year but I don't know about everyone else. Where is George Sorros when you need him?

  • @kapilsubedi9872
    @kapilsubedi9872 Жыл бұрын

    this bijaya prasad has knowledge like christ with all the truth ..salute to you..

  • @nadiawheeler4772
    @nadiawheeler4772 Жыл бұрын

    Great post

  • @davidleomorley889
    @davidleomorley889 Жыл бұрын

    Lottery is a tax on people who are bad at Math.

  • @adamjmartinez1349
    @adamjmartinez1349 Жыл бұрын

    Great show, but it's sad to see that the impending ecological disaster does not cut into this discussion

  • @adamjmartinez1349

    @adamjmartinez1349

    Жыл бұрын

    ​@Pat M Climate change is not the only ecological issue we are facing. A recent study has found PFAS--a moisture repelling chemical used in many things from raincoats to pots and pans--at unsafe levels in rainwater the world over. There's also the issue of the saturation of plastics in the environment, of nuclear waste leaking into water sheds and rivers and into the ocean--what's going on at Hanford, WA is crazy. There's also the dead zones in the ocean that are growing because of pollution and overfishing, fish stocks plummeting in fishing communities. The species loss we are witnessing is also incredibly alarming...on and on man. I just think that at this point any discussion about empire and U.S. decadence, and China, etc. needs to also say something about this. Thanks for your reply...I disagree with you.

  • @a_viewerv2069
    @a_viewerv2069 Жыл бұрын

    Thank you, well said !

  • @kdacuna
    @kdacuna Жыл бұрын

    Wonderful segment 👏

  • @JohnSmith-vm8rx
    @JohnSmith-vm8rx Жыл бұрын

    Amazing analysis Wolff!

  • @blueoak116
    @blueoak116 Жыл бұрын

    Vijay is brilliant in understanding and voice.

  • @tonytroiani6599
    @tonytroiani6599 Жыл бұрын

    Brilliant👍🍻

  • @zefengc
    @zefengc Жыл бұрын

    Vjay and professor Wolff! Here we go

  • @penguinuprighter6231
    @penguinuprighter6231 Жыл бұрын

    Top notch analysis..thank you.

  • @douglaszhang7648
    @douglaszhang7648 Жыл бұрын

    Thanks

  • @d.w.stratton4078
    @d.w.stratton4078 Жыл бұрын

    Solidarity and greetings from the hilltowns just a 25 minute drive from Hadley, MA. We are going for greater mutual aid and organizing in the hilltowns, but there is much work to do to get there.

  • @petestanton1945
    @petestanton1945 Жыл бұрын

    Rich people [and smart people] don't buy lottery tickets.

  • @bjornbaron5940
    @bjornbaron5940 Жыл бұрын

    Vijay great guest

  • @samkim8451
    @samkim8451 Жыл бұрын

    Mao. said we Carry all the people in the world in our shoulders until they forget how to walking 🚶‍♂️

  • @Polka_254
    @Polka_254 Жыл бұрын

    I don't play the lottery, but by god, that's quite a revelation!!😲😲

  • @adamcraneguilford6236
    @adamcraneguilford6236 Жыл бұрын

    It is imperative that the citizens of the United States demand our leaders encourage the integration of Eurasia, as that is the only way to assure lasting Peace globally. It would be a shame if the neo-colonialists foolishly copy the British empire's policy of global dividerule and conquer. A policy that has always proven to ensure perpetual and senseless war

  • @549BR
    @549BR Жыл бұрын

    Funny how we promote and are always saying we are a democracy, but ironically, our economic system is about as undemocratic an entity as one could create.

  • @Alan_Dler
    @Alan_Dler Жыл бұрын

    we should just call them the oil mafias!

  • @PonyTrotsky
    @PonyTrotsky Жыл бұрын

    Great episode! Thank you.

  • @maverickbull1909
    @maverickbull1909 Жыл бұрын

    As an American, I don't really care what this country does or what happens anymore. Not my problem.

  • @ednorton47
    @ednorton47 Жыл бұрын

    Will Dr. Wolff be the one in charge when the Revolution comes?

  • @NotAPacifist825

    @NotAPacifist825

    Жыл бұрын

    He should have a place in the cabinet

  • @c.p.haslop2500

    @c.p.haslop2500

    Жыл бұрын

    @YOU KNOW ITS ME good question! Perhaps, every working person stays home (blue collar) or doesn't log on (white collar). Military sets down arms. Then...watch economy screech to a halt, stocks plummet and the elite panic. There's your revolution.

  • @nolitetebastardescarborund9761

    @nolitetebastardescarborund9761

    Жыл бұрын

    I'm afraid he's too old. :(

  • @l.w.paradis2108
    @l.w.paradis2108 Жыл бұрын

    15:03 I missed part of Vijay, needed the timestamp to get back to it. :)