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Richard Wolff: “History Is About To REPEAT Itself & It’s Terrifying”
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- เผยแพร่เมื่อ 11 ก.ค. 2025
- Is the United States on a path that echoes the rise of fascism in 20th-century Germany? In this special edition, Richard Wolff dives deep into the historical and economic parallels that make this question more urgent than ever. Bypassing the usual segments and guest interviews, Wolff presents a sobering, systematic comparison between post-WWI Germany and the economic trajectory of post-1970s America-tracing how mass dislocation, political failure, and targeted scapegoating can create fertile ground for fascist movements.
From the disintegration of Germany’s working-class power after 1918 to the slow collapse of stable manufacturing jobs in the U.S. after 1970, Wolff draws a chilling portrait of how economic despair and political vacuum allow demagogues to redirect anger away from capital and toward vulnerable populations. By examining both the historical record and the current moment-with ICE, systemic disenfranchisement, and rhetorical scapegoating-he asks how far the analogy truly extends, and whether the left in America is prepared to counter the dangers ahead.
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Thank you for this. I'm from German descent and have heard this from my grandparents (WW I) & and parents who lived through WWII. Hitler was able to take advantage of German's desperation to come into power. Right now, what is happening in the US feels eerily like 1930's Germany. I feel so much empathy for the UScitizens who did not vote for Trump but have to live through this.
Same here, all this reminds me of the stories I heard growing up around my german father (WWII) & german grandparents (WWI).
My German friend told me we were headed this way about 16 years ago. It’s here now. We’re Germany in 1932-33.
Mother from the Ruhr who lived through the war and hated Hitler ,father from Scotland and they married in 48 and lived their lives in Scotland..I now live in Australia and kiss the ground in Australia when returning from Holidays home ..What’s happening in the US seems to parallel my mother’s life ,when home she would tell me about her early years and so much of her teenage years ..
Mr Wolff seems to have it right ,unfortunately no one’s listening..
it's so messed up.
Lawlessness
Thanks bud - hasn’t been easy to watch. Just have to numb yourself to not go mad.
You say, "We're not there yet?" We're there. People don't know it, don't or won't see it. Now that the President can't be held accountable, all bets are off.
Beginning of the End.
The US is there. It has begun. Only the level of intensity is still low
We are DEFINITELY “there” …. From the BILLIONS of TAX PAYER $$ directed to the terrorist ICE military to the BILLIONS of TAXPAYER $$ going to private businesses for “Alligator Alcatraz”…..
You are right. We have been headed here since the start of the 1980’s and the end has finally begun.
Stop blaming the president alone. Congress and the courts are culpable in creating his immunity. The fed.gov has been broken for a long time.
I am German and know my history and you know what sir? All you say is true! The real truth and not alternative facts.
All gene pools are dangerous predators but GERMANS won the prize
He’s the best and slowly becoming the only voice I listen too… STRAIGHT FACTSSSSS
All we need ❤
Thrump clearly has his father’s Dementia . Why isn’t he already impeached is the question that begs asking. So Democrats are equally corrupt and culpable. We 100% need a new party.
@@A40612 yea thats dangerous thinking and i bet that you would get a telling of by the very man you are listening to. One voice alone can never be right listen to many but learn to interpret in the context of your own morals
From the outside in Australia everyone here can see the collapse of the Empire. As we say it's toast.
Fascism has come to the U.S. 😞
The American Empire is done like burnt toast.
As a Canadian who has studied history, all my 66 years to watch this democracy fall to fascism.
Brown shirts rounding up immigrants and sending to concentration camps including women and children.
I was compair to 1935 Nazi Germany.
Once the United States Treasury Bonds fails in the next year, it will be 1937.
There really is nothing the Americans make that the rest of the world truly needs.
As a yank, You are correct the empire is kaput.
Yet we allow our Australian politicians, to be good little usa and pommy bumboys.
@darrylweidenhofer and so is Australia who is hanging onto the USAdick. OZ is usa bumboy
This man must keep making these videos forever, so insightful about the history and how it relates to present day.
Talk is not enough. There must be action, and it requires real action and not just appearances on TV, or U-Tube or protest and demonstrations of the streets.
History one has to go to college to see.
@@JoYoon-yo4quI agree but spreading education and information is powerful. I wouldn’t expect this gentleman to be on the front lines at his age but he’s doing more than his due diligence.
It is an honor Dr Wolff to hear you say it and call it like it is, thank you 🫵🏆
By the way Great last name 💪🏽
I am 70 and retired after 47 years working as an auto mechanic. My father lived to be 88. I live in section 8 housing in Northern Idaho, really a very nice place to live and a very nice 1 bedroom apartment. I think it would be foolish to believe that I am going to be allowed to live in section 8 housing for the next 18 years. This assumes I live to be the same age as my father. tRump's bill reduces HUD funding by 40%, effectively eliminating section 8 housing. Will the state of Idaho pick up my rent subsidy? I don't think the state of Idaho can make up for losing so much federal aid. Perhaps the state will move me and others like me into some type of group or communal housing. I am going to enjoy my retirement while I can. I don't think I can save enough money to maintain this lifestyle I have now.
My mother passed away on 6/7/2025 she was 80 living under section 8 her rent was $300.00 on a $800.00 income from Social security, things are going to be ruff under Trump, alot of people are going to suffer greatly 😢
@@JoseSilva-um2nk For me in Idaho due to the way Idaho funds "extra help" I am not in danger of losing the help I get with paying my Medicare premium ($185.00) "Extra Help" is a program under Medicaid offered to people that make a bit too much for full Medicaid. For people living in CA and AZ (about 4.5 million people) Extra Help payments are in jeopardy under tRump's bill.
I wish you well. I had a good job, pension, inheritance, avoided any debt. I gave $$ directly to poor locals---saving lives and businesses---but still see severe poverty here in CT. Greed, apathy, corruption runs my state CT. I now live on SSA alone ---live small. I bought a cheap basement condo 25 years ago and plan to die here. I am 76
Good Luck because you earned it after 47 years as a mechanic, which is not an easy job.
😊🙋
@@WendyHamilton-i1eThank You for your humanity 😊🙋
Professor, I often and most times agree with you. The worst punishment ever inflicted on any people is NOT the reparations Germany paid. It is the unjust reparation paid by the Haitians to France for liberating their own bodies from slavery.
I want you to look at the impact of the Haitian Revolution and see its impact on the Western Hemisphere...
It's the most cruel/aggressive economic punishment ever inflicted on any nation. Haiti was then blockaded by the great powers.
It's horrible that people who fought and defeated their oppressors have been forced to pay their oppressor for refusing to be enslaved.
100% correct.
I 100% agree with him no matters what
Ain't no Lie..... unlike the history we've been told. ✌️
Being of german background post war generation, i learned our history . Soon, there will be many americans who will say ' we didnt know' or ' we just were following orders' . My advice - keep their faces and names in mind. It might become important later.
Following orders will not be a excuse that is accepted and saying you didn't know will not be accepted as it was a lack of information it was a choice not to. American here. I see the end coming and a work to not just protest but help everyone I can.
It's hard not to....
@@joestratton3981and yet there are still people who believe that "this is the best economy weve ever had" ive had to many of those arguments
That's why they cover their faces and won't identify
And to them I'll say 'it was right in fucking front of you, AND we had Hidler's horrific acts to warn us'
Unfortunately, people have eyes but don't see, they have ears but they don't hear, they have brains but they don't use it...
It's not the people, is the machine, the Matrix is the propaganda, I bet you wont call stupid people inside the pods.
Three words that a the root cause of the most misery in the world “It was profitable”.
We need a moden day Robin Hood!
@@Nollauno there are plenty of reverse Robin Hoods. The first ballads about Robin Hood he just kept the money for himself.
THANK YOU Dr. Wolff---I met you in New Haven and I met you last a decade ago on 11th St. You said you lived on 15th.
You and I are watching a horror show together. Today I rescued a 27yo man living under bridge in 90 degree heat---I just paid a grand for 4 nights in a local NH hotel---The Marcell. I know he has little hope and a poor future---ditto for me. My family is dead and helping even in a stupid way gives my life a little meaning---all I have left. I will die soon.
Thank you for helping him. May God bless you.
Your actions are inspiring. Much respect.
Like you I'm no chicken but I do what I can. I saw this coming from the 70's. God bless and give you peace.
Thank you, I always wondered what happened with families in US? Family is basic social unit and when families are destroyed you lose most important safenet.
We Europeans had our domestic and collective experience with fascism. The people in the United States did not, although they also fought in WW2. Now fascist tendencies have re-emerged in today's American society under Trump and his maga movement. It's a differenty type of ultra-nationalism ofcourse. American style, so to say.
Europe is having its own reemergence of fascism in more than a few countries.
It’s not just the right that’s showing fascist tendencies, it’s also the left, it’s the recipe for a perfect storm for social unrest, throw in a corrupt, warmongering government that is ran by the corporate wealthy and Zionist elites and it doesn’t bode well for the future of our country.
Just so you know, the USA had many Nazi sympathisers. Some of great economic stature and wealth..... Like Henry Ford!
Thank you for your comment. My parents fought the nazis and Japanese in WWII and then taught me about the war. In private HS, I read THE RISE AND FALL OF THE THIRD REICH and later many many books about the Holocaust and the Gulag. Today few read books and most Americans get poor educations. American foreign policy has failed us and all humanity. I feel shame everyday.
I’m sorry for what you are all going through right now, we know it’s not all American citizens. How in the world a convicted sex offender can become president of the United States is baffling &disgusting As 🇨🇦 we were hurt and angered by DT 🤢 and his merry gang of sycophants
The parallels are obvious, but the majority are wilfully blind. One side cheering him on, the other thinking they will vote him out and just have to sit there and do nothing.
It really isn’t the majority. Never was. He had 22 million votes and he is losing voters at a rapid pace. Those of us paying enough attention knew what was going to happen. This is Project 2025. With any luck, the west coast states plus Nevada, called Cascadia, can become part of Canada
I don’t think he will be voted out as I don’t think legitimate elections will be held.
It’s over here..SCOTUS has seen to that.
Thanks for telling things like they are
3:48 6/10 Americans can't come up with $400-$1,000 in an emergency. Arguably, the 🇺🇲 working class is more vulnerable than the German working class of a century ago
In neighborhoods with high concentrations of people living below the poverty level, maybe 6/100 can come up with $400 to $1000 in an emergency.
It's normal to see people going door to door to raise money for funerals and burials.
@MPeaches1958 that's a good point. When economists say that, they mean out of the individual's resources. Poor people are statistically more generous than rich people, and there's higher levels of community solidarity.
How many homeless people will be on the streets when social security ends?
Richard Wolff, I have listened to you for many many years and I respect your knowledge, 110%. I hesitate to listen now. I'm afraid for my family and flat depressed. I need a solution. I can't find it.and fear for the future..
Many in the background are looking for solutions as we speak don’t despair ❤
Greatest achievement for China is lifting 800 millions out of poverty!
Hahaha. You actually believe the propaganda. Poor fool
And in China corruption is a death sentence by a fire squad. So no one dares to have the same mentality that put the States in this present nightmare.
China is NO doubt going to be the next superpower and MAGA thinks America will be great again, but Im sorry to say we have had our turn and it's OVER and DONE and with what Trump is doing now, he is ensuring America's downfall so much more quickly and what a RUDE awakening it will be when MAGA is forced to finally WAKE UP!!! ⏰
By using Capitalistic techniques.
I've learned so much, thanks from Australia.💪👍🏼🙏🏻
Your macro overviews of the current situation help me immensely. Your frequent posts make the micro news and propaganda perspectives more understandable. My whole awareness of what is going on has broadened and become less judgmental, more philosophical, even positive. Everything is changing but change doesn’t stop. Perhaps, if we get through the next few years, the world will become a better place, until the next time at least. Thank you.
The Stoic philosophy says human cycles repeat. Everything happening has happened before. Seneca and Marcus Aurelius make good reading. Currently, reading about Cicero, and the politics of the Roman empire are run parallel although 2000 has ago. Back then emperors were killed or exiled.
"Germany was the dress rehearsal for the United States."
100% correct.
Hitler praised US eugenics program. Verifiable.
People won't say Trump was like Hitler. They'll say Hitler was like an early Trump.
I love listening to Richard Wolff. He is the best!!
To borrow his own phrase, Trump's not exactly the sharpest bulb.
Bulbs aren't meant to be sharp..
The sharpest spoon.
Not the brightest bulb or the sharpest tool!! lol
@@thelastempire1957 Tell that to demented Trump
His bulb’s been out since before his first term!
In the other instances where fascism took hold it seems that we have a few facts that hopefully will distinguish the US: (1) massive non-violent protests against the proto-fascist; (2) an oppressed population with more guns than people and pride in individualistic tendencies; (3) the geography and population of the US; (4) the internet; (5) the proto-fascist is harming his own base of support in a way that they can draw a causal connection to him personally for their plight notwithstanding what they are told in their media bubbles.
Military is a big unknown.
Geography is probably the biggest difference. It’s comparable to China so looking at China’s history may be more valuable than looking at Europe’s. Europe is full of peer competitors who have throughout history taken turns being on top. Russia looks big but most of it is not very hospitable to human life. China has mostly been regionally dominant and has natural geographic barriers on all sides, so has had isolationist tendencies. If you use China as a model for the US, then we can predict a type of Warring States period in the US’s future.
Ever considered the prospect of a second American revolution breaking up the US?
As we are basically 12 nations in a loose confederacy, as Woodard points out in his book American Nations. Won’t take much to spilt us apart completely.
@@garytorresani8846That's actually a strength.
Dear Mr Wolf,
If you want to warn people about what is happening please do not use words like, 'Demagogue' because the people most susceptible to Demagogues do not know what the word means.
The people who do know what it means will probably not need warning because they are either enlightened enough in which case you will be preaching to the converted or they will not care because they figure that they will not be amongst those that will suffer in which case you will need to stress other issues that may effect them.
I suggest that you define terms like Demagogue or simply say something like; 'Political Leaders that prey upon peoples ignorance and prejudices rather than addressing their concerns with rational and effective policies.'
The very best of luck! (The Demagogues will of course just call you a goddam commie!)
True
This will always keep happening as long as companies keep refusing to give their employees proper wages, benefits and proper retirement. Either in the form of taxes and government programs or provided directly directly.
It's not about my sympathies, it's about history.
For me, as a German, Richard Wolff shows me,
what really happens: History is not finished,
but going on. Illusions did not change...
Did Germany learnt nothing? Listening to German leadership (lighbulb Merz) they are hellbent on going to war with Russia... again? For third time?
Very well said!
Business needs to be reigned in. They are not elected by the people. They must stand their taxes like everyone else. They should not be allowed to destroy families by farming out jobs to wicked regimes that treat their own people like dirt. Instead, those countries must be forced to pay their workers a good wage or their goods will be taxed disproportionately. Organisations that produce goods in the U.S. should be rewarded over those that do not. Those who stand as politicians should accept their salaries as written and not be allowed to make money by passing laws that benefit corporations but to the detriment of Americans. This catastrophe has happened because politicians were mendacious. Hold pols to a high standard. No one forces them to run for power. Then all pols must be allowed an equal stipend to run for office. Once it’s used up then that’s it. This prevents the wealthy from being the only people allowed to run for office, even the president. It will also encourage people who give a damn about right and wrong to have a chance at becoming a politician. Finally the current SCOTUS must be broken up and its new recruits must be chosen on judicial merit rather than by mendacious presidents. Chief justices and Justices on the SCOTUS must not be allowed to accept any bribes, and any hint of corruption must be investigated and when substantiated they should be removed in ignominy, losing all pension rights, favours etc. This would apply equally to Republican or Democrat leaning people. Politics has no place on the Supreme Court.
Not only is China rising as the economic powerhouse in the world, they don't waste trillions on stupid, pointless war after war after war that gets them nothing. All China has to do is wait for America's economy to completely collapse, where they can no longer sustain their massive military spending, and then take what ever they want. The American dollar is tanking. Their bond market is tanking. unemployment is rising and no one wants to lend them money, for both economic and retaliatory reasons. China is 5000 year old society. They know how to wait, and since they own the second most American debt of any country, they could tank the American economy in an instant if they wanted to, just by dumping that debt.
Carney of Canada has said that if Trump continues this tariff bullying, they will, with other countries, massively sell off our bonds. That would be the end of it.
By the time of the Suez Canal situation in 1956, the British Empire was done. So, it is with America.
✔✔✔✔✔✔✔✔✔✔
Agreed.
LOL. Children. Read any world history text. No power without scaring people out of taking your stuff, or your allies' stuff. Warfare is an ungodly, yet necessary type of performance art. Playground politics with nukes, flotillas, squadrons and Corps. Sheesh, grow TF up.
@@chieftain5571 And America has LOST every single war it has fought since WWII. Not one of those wars enriched America, they enriched a handful of military contractors and that's it. Their "performative" show is a deranged joke and the whole world knows it.
Thank you Mr.Wolff the parallels are unprecedented.
No music in the background-please- no need for it - the message is powerful enough
You missed the part where Germany wanted revenge for the humiliation at Versailles. Hitler gave those politicians the promise to take revenge on the French and the British. Never forget who Hitler was, an Austrian who had seen his country dismantled and made to look insignificant. The Germans were only the ally, but suffered just as much, together they wanted retribution. Europe suffered because of Versailles
Sorry Richard the problems in the 1970's was the oil shock and the dropping of the gold standard...the 1980's saw the computer revolution start but the political parties failed to manage the economy and were devoted to "pure" capitalism which demanded lower taxes and globalisation saw a few jobs leave. But the real problem was the failure in the 1980 thru 2010 was the collapse of the real wages for the middle and lower class workers. Hence USA destroyed the middle class and thus its own economy...since Trump we have just seen this accelerate and the latest tax transfer to the wealthy 1% will just reinforce this. Trump uses racism to identify someone to blame.
Great points.
We are there. Born summer of 1942.
Thank you Professor Wolff for speaking the truth.
Divide et impere.
Vive le rasoir national.
Look at American Experience done by 16:53 PBS that we American had Hitler young camps and held largest meeting for supporting Hitler idealogy.
The America First movement of a hundred years ago, also based on rural and southern bigots, German Americans, politicians like Prescott Bush, and celebrities like the Rush of his day, a Catholic priest did indeed try to keep us out of WW2 so Hitler could win. They failed.
History is repeating itself.
Wait for the next episode in Trumps political reality show.
Bless you Prof. Richard! hope they listen?
No chance, even those with a liberal bent will dismiss it as "catastrophising".
DJT is not going to improve the socioeconomic conditions for the MAGA fans, unlike what Hitler was able to do in Germany. Different time, different conditions. Hitler's economic success emboldened him and his supporters. Hopefully, the MAGA's will slowly begin to see through DJT and lose their belief in him. Having said that, what comes afterwards is the most disturbing element of all this. What happens to all that deflated desperation?
We are there.
Obama even got a Nobel Peace Prize ! Imagine!
WHO ?????????
Only self-sufficiency could fix this destruction loop. Every House should produce it`s own energy, it`s own water and it`s own food. And this houses should be build by the state and given to the people very cheap or even for free. The rest everyone can earn with just selling something on the street or digital. This is what taxes should be used for and medical aid, not flocking money to false heroes giving slavery work to people for a bread crump and making yet another Ressource war.
the industrial abundance makes us sick ...
They want to Ai and automate everyone jobs . Trump giving them tax breaks and incentives. Nothing to protect people.then no UBI nothing. One republican said UBI a fantasy. They were used to homeless people.he’s evil !
Realistic and precise:: Mr Richard Wolff's every lecture 🎉
Trump is writing the Fascist Script and is selecting his Actors for his Great Fascist Play .
They want mass immigration in this country for two main reasons:
1) To gain extra congressional seats through population-based apportionment, and
2) To prop up Social Security 15-20 years down the road.
It takes about 2 to 3 workers to support just one Social Security recipient. Right now, there are around 40 million Gen Alpha kids and 73 million Millennials-the largest working-age group heading into retirement.
Do the math. We’re staring down a serious demographic and economic crisis-and immigration is being used as a band-aid for a system that’s breaking.
"Not there yet". I have to disagree, though certainly things may get a lot worse still. But let's be honest about the present. The US electorate is largely amused, or willing to tolerate, the feeding of people to alligators. I refuse to make excuses or minimize the situation and you shouldn't either.
Thanks so much for adding all the fancy stuff to Prof Wolff's info. Well done!! True "Added Value".
It is ironic that it's only taken a hundred years for history to repeat!
80. It’s an 80 year cycle, give or take. Strauss and Howe developed the theory of “The Fourth Turning”. It tracks. Right now we are in the mid 1930s. Definitely take a peek at their book.
@@haleydoe644 that book was written in the 90s.
I hope todays world economies sorts itself out, with out conflict or wars of any kind....
Globalization means the worod coopersting tigether to improve welfare for all. Not dividing and fighting for domination.
Needed that boost. Thank you.
I don’t understand why you keep “We’re not there yet”. We are there!!
Thanks for the update Professor.
I feel bad for the USA I'm in Canada and when Trump leaves it's going to take generations to get USA back up to where it should be Trump thinks he can bully other country's it's not going to work I'm hoping that the United States can be fixed once Trump is out
In a world that is not as defenceless as the Nazis, Generalissimo Trump needs to tread lightly :-)
So far he doesnt no one is holding him accountable.
Never heard this history before. Interesting. 🤨
❤ Well said on every point! ❤
Why does this room look like it’s in Minecraft or is it just me? 3:15
The "peace" settlement of 1919 could have been much worse. It is little known that when the terms of the Versailles Treaty were published, many in France thought they were too easy. Some people denounced Georges Clemenceau for going "soft" on Germany.
Just before the Treaty was signed, French diplomat Paul Cambon wrote that he'd be surprised if Germany refused the treaty because it was giving them such a good deal.
Calling Europe courage-less is a dangerous thing. Remember there is barely a country on earth the British haven't invaded
Every country through proxy states.
Gas at the pump, groceries, prescriptions, POVERTY, HOMELESSNESS, RENT is out of reach do I have to continue
TAX THE RICH OR AMERICA WILL FALL
OOPS TO LATE THE BIG GREEDY BILL FOR BILLIONAIRES HAS PASSED AND IT’S PERMANENT, IF ONLY THE DEMS WERE BOLD ENOUGH TO GET A BILL LIKE THAT FOR THE WORKING CLASS WHEN THEY HAD THE CHANCE ☹️
Taxes *literally* pay the rich.
Another German here, Yes Sir, you are 100% right.
But I may add, that this turbo capitalism is the problem is everywhere. Nobody, no company needs 100s of billions. They should pay ALOT more TAX.
And education is also a big problem, if more people what be able to see things as clear as you see them, there would be a lot less problems.
Thank you professor Wolff ❤
Excellent.
I remember in 1956 as a crewman aboard a NZ cargo ship applying to US customs man to be allowed to go ashore for day off the boat and being asked “” Are you or have you ever been a member of the Communist Party?” If I had answered in the affirmative I would have been confined my cabin on the ship and under armed guard. It happened to a few guy with useless bravado. The USA has always been over harsh with its several policing forces. Fascism has only been hairs breadth away from surfacing. I believe it is now here!!
That sounds like Argentina in the 1970s
History is the best book. In year 1084, a history book titled ' Zi Zhi Tong Jian was published to summarise China history (about 1400 years history).
The foreword said ' History is a mirror and history repeats itself '.
Every secondary student should learn history, hmm world history as well , kn a solid style. It helps to reflect and think.
You are brilliant, inborder to be president. The US should require a test of world history knowledge plus a degree in international relations should be required. The president of USA has no requirements. A janitor has more requirenents
UK should pay reparation to India.. $45 trillion & millions of lives. UK & its 5 eyes built its wealth from wealth acquired from the empire & India was its largest loot.
Bernie been saying it for DECADES.
it is the last one of its kind after this its the stone age.
humanity is dommed to repeat the same mistakes..., over and over....that's History.., that's our FATE🙏
por fin está despertando su pueblo
The reason there is an HR department (Human Resources) is to protect the company from it's employees! A legal shield so Higher ups don't have to deal with the dirty work face to face!
My goodness, I wish I had you as a history teacher. All I remember of my childhood was being chased, bullied, harassed and assaulted due to my Jewish faith. My family came from England to Canada, and since I was a little girl, I was teased taunted assaulted and harassed because of my faith! I went to a strict observant, religious Hebrew school. Yes we were taught about World War II and the holocaust era. My father served in World War II and smuggled children out of Poland and Russia. I don’t think my father ever recovered from that war he died when I was young, however, everything you’re mentioning now makes absolute sense. Less we forget❣️🇨🇦
People seem to think all Jews are rich. Definitely not. Very few people are in the elite of whatever ethnicity.
Absolutely NOT repeating!
...cute sentiment, alas...IT HAS ALREADY BEGUN.
Wether you like it or not all empires finish.
It's just people hate to face the truth@@kaicoleman7948
He just built a concentration camp with alligators!!! And very close people tohim like Lauren; is calling for the genocide of the 65million “Latino” people living in America….. how is it possible? America should be able to be the biggest and greatest nation in the world cuz of its money but no… instead we have just illiterate people voting dragging the country they live in to the fire!!!! Don’t even care they living on the same land they want destroy, it is such a narcissistic self sabotage.
@darrylweidenhofer whether you like to admit it or not your economy is on a s**cide mission. You have elected a known fraud to run your country. What other casino in the world was not profitable and claimed bankruptcy. Implicated with underage children and Epstein, quote tells lady he's so famous he could grab her 🐈 amd get away with it. Shit we thought Tupac was crazy this is your president we are talking about. "DIDDY" "NODIDDY" SAME SHIT DIFFERENT PILE
Anyone who failed so totally in their new job anywhere else would be back looking for work. So why is the most important job in the US exempt from that?
Well, the last president was an Alzheimer’s patient and the media covered it up for four years until their mountain of lies finally came crashing down at the debate, making President Trump seem like the better alternative. Then Kamala’s incompetence was exposed when she was given the nomination.
Richarrd wolff is right. Thanks.
I have to disagree with you to a point. My daughter is a pharmacy technician, and she is seeing so many people suffering under Trump, like people who suffered under Hitler. I would say we have hit the point of being Fascist. Mosillini of Italy said that Fascism and corporations get in bed together. That my friend is what Trump's BBB just did.
It should be emphasized that when you refer to "countries" or "nations" you are talking about the rich and powerful segment of that population. Lip service to democracy, equality and fairness is always used to convince naive people about the benign intentions of their ruling class. We the People have been HAD!
Hey Mr. Wolff,
It is nice to see a man speaking out his clear thoughts about the decline of the US.
If you like to go on where you stopped this video, take a look at Volker Pispers, a brilliant mind of German satire, who explained capitalism to us Germans, when we were full of proud defeating East- German communism and reuniting in old new glory.
It may be time that even in the US Karl Marx should be interpreted as the philosopher he was, and not as a Stalin or Kim Yong Un.
Don't you think that the great reallocation of wealth from the lower to the higher brackets of income and property that's been going on for nearly fifty years now, also has a lot to do with the desperation of the working class? 5:26
Yeppppp
I don’t knew about this.
Business has the concept of "normal profit". I imagine it's still 10% after all costs & deductions. Accounting is much more creative than people think. When demand is slack, prices tend to sag. Valuations are less than before. Well, that value evaporates into the ether. Luckily, tax and business policy changes allow companies to account for slack times. We live with less. Without sales, nothing in business happens. So, for people to have purchasing power, you have to prime the pump. Debt is extendable and refinanceable and bankruptcy doesn't mean the end. Try to freeze a head of lettuce to extend it's shelf-life. Doesn't work. There are rules to keep things flowing and the system is designed for agreements to keep purchasing power humming ... until they fail.
YES SIR we are on that path sadly.
I never understood how Hitler happened. I live in the USA and watch ICE on the news "alligator alcatraz," seeing our social safety nets disappear....I still can't grasp the anger and hate that got us here. I have no place else to go, so here I'll stay, raising my kids and hoping and voting for better. If we even get to vote.
I wish Mr. Wolff would touch on the present economic difficulties of China. Does he think it's just a temporary hiccup or longer term problem ?
Europe isnt courage less, its just the leaders.
That sounds both possible and likely but what is your source? I’d like to look at that.
Yes son.
People of note have said it, but those who need to amplify the words are not listening.
From France fell the same!
Thank yo. I appreciate your insight and thoughts on this explosive world.
Mr Wolff is right change the capitalist system something no one in today's political system wants to do.
I'm glad to be older and will probably AND WILLINGLY, will be consumed by this MADNESS!! 😈😈🤬🤬
The world will NOT lower their prices to cover the Tariffs. Americans will pay the Tariffs and suffer inflation.
WHEN WILL AMERICA ELECT AN ECONOMIST INSTEAD OF A POLITICAL DEMAGOGUE?
Never