This podcast episode features Richard Wolff discussing the critical role of global economics in shaping historical and contemporary events, illustrating how the decline of the American empire parallels significant global shifts, particularly with the rise of China and the BRICS nations. Wolff argues that understanding economic dynamics is essential to comprehend conflicts such as the Israel-Palestine situation and the Ukraine war, while he critiques Western perspectives on socialism and communism, advocating for innovative alternatives like worker cooperatives. Ultimately, he presents a vision for the future global order, highlighting the necessity for a peaceful resolution between the United States and China to navigate the challenges posed by their evolving relationship.
