Economic Decline Fuels U.S. Political Meltdown

Richard Wolff with Glenn Diesen

On Glenn Diesen’s show, Prof. Wolff discusses the shifting dynamics of the global economy, emphasizing the eastward movement of power and the waning influence of the West. Topics include the U.S.’s denial of decline, its growing debt crisis, and actions like targeting Venezuela and seizing foreign assets. Wolff critiques the contradictions in U.S. policy, examines Europe’s strained alignment with Washington, and explores how economic decay is fueling political fragmentation. The conversation highlights the broader implications of these trends for the future balance of global power.