The Rise and Fall of the US Economy A Global Perspective

Excerpt from Professor Wolff's "Wolff Responds" dated May 29, 2024. Discussing the United States' historical economic position .

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[egay]

we're here, we're fucked, get used to it.

[cherylnedrick]

Learning alot when I listen to you. I don't live in America but I want to know why Congress refuses to raise the minimum wage. Biden wanted to raise but Manchin and Senima cooperation backer and owners of business refuses to vote on the policies. Trump owner of hotel is not going to raise the minimum wage.

[McadMcad]

I like when he says, "Around the World"

[BrianGreene-io]

I hope one day you'll have the courage to give us the INSIDE perspective. If you don't ever speak directly to the inner mechanics of this system you'll never be able to change it. Don't need the perspective from the past. The root core mechanical lynch pin must be identified and held to question.

[hamhead]

So what does the average person do?
Sell your house and buy as much gold and guns as you can?

[micnorton]

Whatchoo talkin? The Prof was speaking historically, and now that you mention it the entire American military industrial complex has picked up after the few trillion dollars the Federal Reserve dumped on the market in 2020 and especially blocks of capital for investment groups controlling things like machine shops and machinery factories... Where do you think all these drones in Ukraine are coming from, and all the bombs being dropped on Gaza? There are machinery building plants right now that think they are making components for bobcats or machine shops that think they're producing components for a washing machines or whatever but who are actually working for the military industrial

As for the Russian economy, reportedly it has picked up tremendously since the sanctions started with China and India providing both consumer goods and imports that would be prohibited by the American or G7 sanctions, and investing Mass capital in Russia with plans of developing extremely important resource areas.... Also obviously the massive amount of energy coming out of Russia finds easy markets in both China and India, , and now with the solidified BRICS Chinese industry finally has unfettered access to virtually unlimited resources... Guess Wall Street threatening Russian and Chinese oligarchs wasn't such a good idea, , and they have no one to blame for sticking their own dick in THIS wringer but themselves....

China? Going great guns as always, guess that was another stupid idea by insanely greedy oligarchs who wanted to make more money off importing and retailing than actual manufacturing, , when they themselves gave Chinese business people machines and technology to basically produce unlimited quantities of just about anything, and then expect the Chinese not to develop the tech methods for themselves? China now has the same economic and industrial advantage over the United States as the United States did over just about anyone else in 1945... And while it is true that American ingenuity and directed production can vastly increase the American industrial potential it's going to take time and rebuilding crumbled factories that have already gone to Or making new factories, point is if America wants to get even close to Chinese production, and it is possible, then there's going to have to be big

[MK-ftqt]

And in 1971 the dollar came off the gold standard...how did the world like that?

[Usapropaganda-th]

Reel cut off before he got to the good part which is “🇺🇸 ain’t 💩” Lol.

[suzanapfeifer]

bipolars predatorys
inclusive participativ sustentable share not take by FORCE
BRICS PLUS 🕊🇵🇸🕊🌎🕊💃🕊

[davidcaldwell]

we benefited...no doubt...we also helped others benefit. But....now it's time to pull back, take care of ourselves and let everyone else take care of themselves .... for better or worse. The US will get stronger while the rest of the world will fight each other, as they always did, and get weaker... or seek peace.

[jondoe]

At a time when the US MIC is most in demand, now is when you decide to mention the US economy. Not the Chinese economy. Not Russia's... Not smart....

[s.g.r.]

Well, this was a waste. Dear algorithm, save this for insomniacs