‘Enormously Dysfunctional Catastrophe’: Economy Could Be 'Destabilized' | Richard Wolff

Richard Wolff, Founder of Democracy At Work, discusses Trump's Executive Orders, NAFTA at risk, the Israel-Gaza ceasefire, and the Russia-Ukraine War.

*This video was recorded on January 22, 2025

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0:00 - Intro
2:00 - Inflation and tariffs
9:15 - Tariffs and NAFTA
17:00 - Protectionism and growth
24:00 - Executive action on cost of living
29:25 - Cost controls
35:50 - Israel-Gaza ceasefire
41:10 - Russia-Ukraine war

#trump #economy #geopolitics

[MarcusAurelius-tx]

Come back in 4 years, and you will see how right this man was. He got every single topic right, props! Everyone who has been around for 30 years knows what doom Trump policies will bring over the long term.

[RobertSchaefer-nlxp]

Taxes will never go down.
The cost of Tariff will fall on the consumer.
Prices will never come down.
Industry will never return; if some does, it will be automated, and only benefit the people at the top of corps, not any workers.
Inflation is the only solution to the national debt.
Bitcoin is nothing, and is already diluted by other coins. It will go to 0 very soon.
MSTR is a ponzi scheme, artificially inflating the price of bitcoin through purchasing at any price with the use of leveraged debt. A house of cards that will fall sooner.like now
3 companies own and control 88% of the equities market.
Those same 3 companies own about 30% of RE; and are trying to buy it all with their unlimited buying power.
The gov't spending is out of control, and will get worse.
The debt will fall on the minute middle class, and, growing lower class.
The scales have been tipped too far with all the legislation in favor of those who bribe, ( sorry, lobby).
Our gov't works for the corps only.
Where is the American Democracy that we grew up with?
No longer exists, we live in a corporate oligarchy.
Just some facts to lighten your day....
Haha

[starkiller]

THANK YOU DAVID!

NEVER STOP INVITING PROFESSOR WOLFF!

[bakang]

We need Steve Hanke and Richard on an episode together

[Nuance_No]

finally, a guest who is smart and objective, but frustrated with the stupidity of MAGAs.

[Skimama]

In the constantly evolving global economy, tax laws and regulations can change, affecting how investments are taxed. Staying informed and planning strategies accordingly is crucial.

[aaronjohnson]

David, love when you have Mr wolf 🐺 on your show.

[studiovue]

Wow David - my respect for you just went up by a lot. You are truly willing to engage in discussion with people from the entire spectrum of worldviews. Thanks for engaging in the open exchange of ideas.

[DeidreReed-dc]

Price controls never work and I was around in the 1970’s!!

[angelika]

thank you David and MR Wolff very important discussion!

[geeezer]

one of the best episodes i ever saw on yr show

[chemicalhalf]

"When I'm president I am gonna make all the people do nice things" hahaha. I love him so much.

[pdel]

Very good guest thx. In agreement with all of his answers.

[matbob]

This smart economist clearly didn’t read Art of the Deal, missing the fact threat of tariffs is scare tactics to bring parties to the negotiating table

The idea is, the foreign producers will have to lower their wholesale prices because Americans won't be able to buy the more expensive tariffed goods. Who knows? Let's see what happens. It's a more complex situation than anyone can predict. Whenever someone criticizes, they need to be asked, "What is your better solution". You'll often find out they are crazy.

[RezFaraji]

Best interview I’ve seen you do in years

[UltimateStaredown]

I bet he reads books to the grandkids really well.

[RobertSchaefer-nlxp]

Oh, also...
Interest on the national debt will soon be the largest expense of the govt budget.

[andrewshantz]

Richard Wolf is not an economist or financial professional. He’s a political activist.

[Troy-pe]

This bloke needs to say this at the UN, these politicians need to listen to