We appreciate Richard Wolff’s discussion of the geopolitical situation and its implications for the world economy.
Watch his other recent videos answering the question, ‘Why is Trump a lame duck?”
Wolff gives a few economic reasons why that’s the case.
And from a political perspective, Trump may be a lame duck on both war fronts, the Middle East and Ukraine.
In the Middle East, his hands are tied. Donors connected with the far-right, extremist political party Likud have supported his re-election campaign “donating” hundreds of millions of dollars. And moreover, they did a lot of damage control with the Department of Justice to resolve Trump’s situation.
So, now of course they demand their payback, e.g. prime real estate property development on the Mediterranean coast, and a lot of stolen land in different Middle Eastern countries. And there’s very little that Trump can do about this state of affairs without losing their financial and political support.
On the European war front, Trump’s ability to negotiate with Russia has been severely limited and impaired by the Russia hoax, and the fact that he has already been falsely accused of being a “Russian agent.” That was even more outrageous considering that American academia is replete with actual Russian and Chinese agents pretty much everywhere — and some of them are more ridiculous and pathetic than Austin Powers, in my humble opinion.
If Trump wants to make Putin a reasonable offer to end the war – e.g. political neutrality and no NATO membership for Ukraine; Russia will keep all the conquered territories; the 300 billion dollars of frozen/stolen Russian assets will be promptly returned, etc. – then he will certainly be, once again, accused of being a Russian agent.
We always look forward to the Monday interviews and the Friday roundtable with Larry Johnson and Ray McGovern on Judging Freedom. It’s an excellent YouTube channel, and we highly recommend it. They offer great political analysis, and we’d love to hear them talk about the negative effects of the Russia hoax on Trump’s ability to successfully negotiate with Putin.
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“Richard David Wolff (b. April 1, 1942) is a professor emeritus of economics at the University of Massachusetts Amherst, and a visiting professor in the graduate program in international affairs of the New School. Wolff has taught economics at Yale, City University of New York, University of Utah, University of Paris I Sorbonne, and The Brecht Forum in NYC. […]
To escape Nazism, Wolff’s parents emigrated from Europe to the U.S. during WWII.
Wolff’s mother was a Jewish and German citizen, and his father was a French Jewish lawyer working until that point in Cologne, Germany. He then found employment as a steelworker in Youngstown, Ohio – in part because his European certification was not recognized in the U.S. – and the family eventually settled in New Rochelle, NY. Wolff states that his European background influenced his worldview:
‘Everything you expect about how the world works probably will be changed in your life. Unexpected things happen, often tragic things happen; and being flexible, being aware of a whole range of different things that happen in the world, is not just a good idea as a thinking person, but it’s crucial to your survival.
So, for me, I grew up convinced that understanding the political and economic environment I lived in was an urgent matter that had to be done. And it made me a little different from many of my fellow kids in school, who didn’t have that sense of the urgency of understanding how the world worked. To be able to navigate an unstable and often dangerous world – that was a very important lesson for me.’
Wolff earned a B.A. magna cum laude in history from Harvard in 1963 and moved to Stanford, where he earned an M.A. in economics in 1964 to study with Paul Baran. Baran died prematurely from a heart attack in 1964, and Wolff transferred to Yale, where he received a second M.A. in economics in 1966, an M.A. in history in 1967, and a Doctor of Philosophy in economics in 1969.” Wiki – https://en.wikipedia.org/wiki/Richard_D._Wolff
Prof. Richard Wolff is featured regularly in the media. He hosts the weekly 30-min program, Economic Update, which is produced by the non-profit org Democracy at Work, and it’s also published on YouTube.
FREENVESTING is a YouTube channel with over a million subscribers, featuring prominent economists and investors like Richard Wolff, Ray Dalio, Dave Ramsey, Robert Kiyosaki, Warren Buffett, etc. To get more viewers and subscribers, the videos may have bombastic titles, but the content is quite sophisticated and high tech.