Monday, 18 November 2024

Richard Wolff: The Decline of the US Empire Is Shown by the Record High National & Corporate Debt

Monday, Nov 18, 2024 | The relative economic decline of the US and its allies (G7) versus China and its allies (BRICS) leads to (1) realignment of global trade and investment, (2) changed global politics and alliances, and (3) basic cultural shifts inside and among nations.

The political crises facing the United States at home and abroad hinge on this question: How will the US manage its decline?



The USA is sinking into the mire. Donnie baby hasn’t got a chance in hell of turning this sinking ship around! If anything, his policies will force the ship to sink further and more quickly! America’s position in the world as the world’s superpower is about to be usurped, I fear. Americans insist on living beyond their means. They insist on believing in their delusion of the “American Dream”. One can but wonder who will take over from the leadership of the “delinquent” USA! – © Mark Alexander