Time for a US-China grand bargain
An old theme within social theory holds that societies with very unequal distributions of wealth can sustain their social cohesion so long as total wealth is growing.
Richard D Wolff in asian news
Where is American empire’s fall taking us all?
The evidence suggests that empires often react to periods of their own decline by over-extending their coping mechanisms.
Capitalism, mass anger and 2024 elections
In the wake of his huge defeat on June 30, 2024, when 80% of voters rejected French “centrist” President Emmanuel Macron, he said he understood the French people’s anger.
The undemocratic reality of US capitalism
Fans of capitalism like to say it is democratic or that it supports democracy. Some have stretched language so far as to literally equate capitalism with democracy, using the terms interchangeably. No matter how many times that is repeated, it is simply not true and never was.
Don’t believe Biden or Trump – tariffs don’t protect jobs
Both Trump and Biden imposed high tariffs on imported products made in China and other countries. Those impositions broke with and departed from the previous half century’s policies favoring “free trade” (less or minimal government intervention in international markets).