To what, only thing BRICS is doing is trading with China not among themselves. And Chinese are only helping themselves. Do you see them trying stop the bombing in Lebanon, or helping other countries. "NO". They gutted Brazil's manufacturing took all their clients.
@@halon7476 very sad that the free world blew up its chance. Many Westerners think political correctness is for internal politics but it’s actually for Americans not to be arrogant and rude when they travel to other countries. It was too late. Nobody I met liked America.
From South Africa. We're tired of the western bullies and their colonizer mentality. South Africans are tired of being treated as 2nd class humans by America. UK and other colonizers. We deserve better.
@@tealsquareof course I agree with you about the corruption....... But at the same time the white race have caused untold pain and misery on the black race.....left an intense hatred of what white people have done. My own grandparents hated them so much as they told us what they did during imperialism. That hatred is still very present in many Africans.
But only if the colonized are not white. No problem with Russia trying to reestablish its imperial colonial hegemony. Goes to show how deep those feelings truly are.
Brazilian here, the world is tired of being treated disrespectful by USA, UK and most of UN. We may have strong cultural differences in BRICS but we all feel the same about this and respect each other soberany, is just a matter of time to all the projects are finalized. And also, one important thing to people realise is that BRICS countries, if they wanted, can be 100% self suficient from food to technology, G7 could never.
De acuerdo, tenemos que cambiar de la dependencia de los Estados Unidos. Todo nuestro apoyo al BRICS desde Perú. Fíjate que he pasado 57 años de la falta de respeto de los americanos hacia los latinoamericanos y estoy ahora yo mismo viviendo este cambio.
I'm so happy that Professor Wolff is having a major impact on people's understanding of our Global issues. He has been persistently breaking down barriers that kept American's frozen thinking and illusional beliefs about the USA in place.
I know, so correct… I learned from him in 20mins what I never learned or knew from school or the news paper- no wonder why we are to be blamed for biases and criminals
This is why BRICS will fail to bare fruit : BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
@@abdulalimomar6116 what's is the condition of women rights and gay lesbian LGBT people rights and other minorities rights in middle East and muslim countries.????
we vietnamese 🇻🇳 have rised up economically in the past few years after a decade of colonization, 25 years of imperialism and countless wars. We fully support peace, the right of self-determination and equal distribution of every countries. We are very happy that the brics was established to help countries not yet developed like us to rise out of poverty and help their own people.
If you support the right of self-determination, you cannot possibly support Russia, a country that is trying to destroy the right of Ukraine to exist. Your post is completely contradictory.
This is why BRICS will fail to bare fruit : BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
I'm an American expatriate... and I hope so. America has some great qualities but it's in desperate need of some humbling. Not everyone wants to live the same way they do... Freedom means allowing others to choose for themselves how they wish to live, even if and especially when you may not agree with it. If they're not hurting anyone? Leave them be.
Absolutely. I think brics is a great thing. The US abuses privilege again & again & is set to be hoist by its own petard. I live in US & the govt no longer serves anyone but itself.
Stop dividing the world into arbitrary segments that you can generalize or speak for. Nations do far from always have the same values and national interests as even their closest neighbors. If you want BRICS to succeed learn from western mistakes, stick to economic corporation, don't try to make it a political entity that blackmail its members into supporting the foreign policy of the economically strong members. Otherwise BRICS will just become everything you hated about the western counterpart.
@@SedriqMiers Or because of the over 100 military conflicts the US has been involved in, the overthrown governments by US agencies or the fact that the US sanctions more countries than EU, UK and Canada combined. Sounds like freedom, peace and prosperity to me/sarcasm.
@SedriqMiers their past history is not much different from the us', yet you Americans love being self righteous and claiming you are the pinnacle of morality
@@SedriqMiersChina has pulled 600 million people out of poverty, and their citizens are free to live in or leave China whenever they like. And the USSR? They collapsed over 30 years ago.
This is why BRICS will fail to bare fruit : BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
American global power and the protection it offered created BRICS and globalization. without US leadership, your multi polar world only leads to war. your dreams are soon to become nightmares.
Just shut up when you are clueless coz South Africa state resources are used by China and Russia. Oligarchs and other Chinese boys are enjoying wealth more than us in our own country
@@AbdirashidAbdirahman-f3w unbiased? I agree with professor Wolff’s politics, but the explanation of the hegemony of the US dollar as us trading nothing for all the goods of the world is extremely disingenuous and under simplified. Our reserve currency most simply provides a way to fund our fiscal deficit. This is biased. Plus, America continues to lead the world in economic growth.
The BRICS+ doesn't intend to replace or sideline the dollar, BRICS+ intends to have an alternative currency. Something they can use when the US blocks them to use the USD. It is completely rational. By the way, why do you sound bitter and frustrated?
Remember the idea of de-dollarization and how it will directly impact your markets. Another way to look at it is as BRICS' reaction to US sanctions. Its more than just decades' revenge
He was excellent! The historical context, the explanation of the dollar and the rise and fall of empires. Pretty objective and sobering - as the truth can be sometimes.
On behalf of the Russian people, I should like to apologize publicly to all American, German,and British officials for our outrageous insolence, our refusal to grovel to outsiders, and our determination to claw our way back from the brink of disaster in the 90s, overcome mass poverty and hunger, rebuild our industries, make life worth living, and feel once again proud to be Russian. I realize how much this must hurt and offend you.
@@palimpalim5291usa has never been anything like a empire calm down they are a rich country ppl are so dumb on yt xD usa couldn’t even beat afgans and farmers in asia other countries are far superior in there military history compared to the usa it’s embarrassing that ppl are comparing usa to rome haha
@@markopecinovic4475for example the level of support given to Ukraine vs support given to Israel. Enough support to draw out a war and expending Ukrainian lives to weaken Russia vs unlimited financial and political support and 10s of thousands of troops sent to the region
@@paulcaikman the problem is people don’t see the difference between government officials and the regular guy. The current Ukrainian administration was put in by the CIA. So it was already bought and paid for long before the war. I highly doubt if regular Ukrainians agree with the position the government take.
Wow. Very, very good interview 👍 As a Boomer born and raised in Australia under the safety umbrella of the US, it’s quite difficult to swallow this type of information, but swallow we must! It’s such a shame one can’t see interviews like this on MSM (Legacy Media) 😔
Yes, it’s very interesting and a little nerve wracking for us here in Australia because we are so close to China but won’t necessarily be accepted by them because of our western history. It puts us in a precarious position. I hope our government realise that it’s time to be more accepting of the differences between our cultures and can make some kind of working relationship with them. I’d love to see the whole world just get along and appreciate each others cultures. It is the fear of change though that worries us all.
That was the most intelligent and realistic analyses heard for a long time.... Thank you Mr Professeur Wolf. Your lecture should be taught in universities all over the world !
Modi Visited Russia, White Russians welcomed Modi with Sanskrit chantings, songs and dances Now Indian must get ready for :- Happiness index 192/192 Press Freedom 180/180 Global Hunger Index 134/134 Democracy Index 166/166 . West can only do this to show their protests against India😅
Great presentation by Richard Wolff!!! And Steve Clemens does an excellent job!!! Mr Clemens asks a few good questions; then he allows his guest to speak without interruption. Well done!!!
Rather good comedy :D Meanwhile last week Putin said that brics currency will not happen and he begged brics countries for investments and technology, but still no one is interested. Brics investments in Russia are negligible and China on state level forbiden investments in Russia and sanctioned Russian financial system. :D Facts matter.
So basically, America never earned the economic superpower status. What happened is that the world decided to rely on the dolar because it was the most stable currency at the time, a result of America not being devastated during the war. This makes it even easier to bring an end to the dollar.
This is why BRICS will fail to bare fruit : BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
@@Etheldreda20 The power from USA will move to Israel and whole world will be globalized, read the Bible. The one President will control the whole world.
Professor Wolff is so articulate, and passionate and incredibly a pleasure to listen to. He delivered complex, historical, global perspectives so elegantly and with such a simplified language. I won’t mind to pay to taking his classes
Professor Wolff may be correct in saying that the GDP of the US still exceeds that of China by several trillion dollars, but when one compares the substance of what comprises the GDP of the US financialized economy, where the increase in the of value opaque financial instruments are included in the GDP and represents a substantial portion while the GDP of China includes more tangible products and services.
To illustrate my comment, I wish to point out that in the last decade, while the S&P increased by over 500%, the stock market in China increased only 40%, but no one can honestly suggest that the US economy grew at 12 times the rate of that of China.
@@jackshultz2024As we can see in the Ukraine conflict, the American military industrial complex can't compete with Russia. Despite the GDP difference, Russia produces more military equipment than the western world combined including Japan.
This professor is very biased, Richard Wolfe is a Marxian Economist, thus a communist of course he will be biased. Though I admit he has a few good points about the past WW2 and about the USA's World Order.
China will implode along with its inflated currency just like the USSR, all politburo's do of whatever hue. Besides Biden is the one responsible for empowering BRICS with his enfeelblement physically and politically.
The world is about power - which US still has - both through the dollar and their huge army. Stand in line. The time of the South & East is not yet here.
@@josue_kay not my big army, I am not american. Yet defending your home turf, and a very mountainous one, with the help of your neighbours hiding you in their country when the Americans come for you is one things. Bringing the entire American empire down is different. Your journey only started, and you got many miles to walk. Good luck !
I am 26 and live in the Netherlands, and I love the fact that the Global South has grown massively in my lifetime and much more to come still! I don't discount BRICS at all, it will be a significant force in world politics in the next century. Why, though, do I sense hostility when I am watching this from a "Western" country?
Jouw euro is direct verbonden aan de dollar. Als de dollar valt, stort de euro mee. Duitsland loopt op z'n laatste benen. De Europese Unie heeft sanctie aan Rusland en China. Als we gaan, dan gaan we naar een gedeindustraliseerde samenleving. Het dagelijks leven wordt erger dan 1920. Hoe minder de niet geïnformeerde burger weet hoe minder weerstand. Hij is bezig met basale behoeften. Eten, drinken, warmte en een dak boven het hoofd.
Great interview! Thanks for bringing in someone like Mr. Richard Wolff, who offers a realistic and practical perspective of what's going on now around the world. It's a shame that most media outlets in the United States don't cover this kind of insight, probably because they're afraid of being marginalized or excluded.
There needs to be balance. The world has for too long been under the dominance of the US backed alliance because of its economic and military hegemony. As a European, I'm not overly enthused about an alliance where a country like Russia plays a significant role, but at this point, I'm willing to entertain the notion that any kind of counter to US led control might at least force a restructuring of the global order, which is much needed in light of what's happening in the middle east.
@ChrisAlbertH47 agreed but be careful what you wish for: a world dominated by China concerns me. Russia is not even a contender - their economy is smaller than Italy ! As for Brazil - they have been on the verge of a first world country since the late 1970's and South Africa is pretty much over now that the blacks have taken control and driven its economy into the ground which white south Africa predicated it would back in the 1980's.
@@revol148 China can be a cause for concern, but they have been more willing to play within the lines so to speak when it comes to international relations. So I'm gonna give them the benefit of the doubt. And since BRICS is more of an economic alliance as opposed to a military or security alliance, there is more incentive to play nice with each other if common arrangements that can be collectively beneficial can be reached. My personal desire is just to see the growth of a strong economic institution to challenge the dollar.
What's happening in the Middle East is the shifting of the global order. Israel is posing to establish itself as a major superpower, after expanding its territory considerably and establishing trade agreements with the Gulf States and India. That's why Hamas is so against normalization: it means making Israel responsible for "national security" in the ME among its allies.
WOW, just WOW. this is about the most honest conversation I've heard about global affairs in a veeeery long time and trust me I'm on RUclips everyday. Thank you Aljazeera and Professor! ❣️
According to the Jehovah's Witnesses who consider themselves authority on everything when in actuality they are the equivalent of what the Catholic Church was to the Roman Empire only they are the religion of the "New World Order". Their founder, Charles T Russell, was a Freemason and they constructed a 6 foot pyramid to be put at his gravesight. The Jehovah's Witnesses had it removed a few years ago because it was "crumbling and dangerous". Anyway back to Babylon the Great of Revelation. It fell in 1914 and now we're waiting for its destruction. Of course, they claim Babylon the Great is false religion and that is everyone except themselves! How convenient, right???
United States External Debt reached 26,467.0 USD bn in Mar 2024. As at the end of March 2024, China outstanding external debt was USD 2512.6 billion. This shows China is by far the biggest net economy knowing US external debt is bigger than its GDP. US government debt is more than 35 trillion USD. Printing Dollar is no more an option.
That's not how it works. For starters, GDP is a yearly output so the US economy creates $23.22 trillions yearly, this with a massive trade deficit even which is surprising.
Yes GDP is bogus , if a real productive economy is compared to a ponzi financial papered over economy . And that also in terms of an inflated fiet currency .
Excellent episode. So informative and easy to understand. Professor Richard Wolff was such a breath of fresh air to tell it like it is. Thank you for this episode.
Mr Wolff, you are a great speaker, the way you explain things, the emotion/enthusiasm and the way you talk and the body language......you make a great teacher. Thank you for your time!
If you want to listen to lies, then yes. Go to the IMF and World Bank websites: Russia's GDP is $8.5 trillion, NOT 2. The Russian economy surpassed Germany and Japan in 2023, and now Russia is the richest country in Europe. And what's more: Russia ranks fourth in the world in terms of living standards. Again: all EU countries are inferior to Russia in terms of the wealth of their population.
If you want to listen to lies, then yes. Go to the IMF and World Bank websites: Russia's GDP is $8.5 trillion, NOT 2. The Russian economy surpassed Germany and Japan in 2023, and now Russia is the richest country in Europe.
Became too stupid to see a decade ahead. Was truly great until the 70's - then it woke up every day, told itself it was still great, and did nothing. Couple years ago it realised another country was catching up and decided all it could do was a global smear campaign to keep them down while they try to figure out how to be great again. Trump might actually be the best thing for America. History always shows great tyrants leading a country to power.
![[DRAGON BALL LEGENDS REVEALS ＆ STUFF] LEGENDS FESTIVAL 2024 Special Edition Part 1](http://i.ytimg.com/vi/mV5bGIswTtQ/mqdefault.jpg)
America shot themselves in the foot. They should have had better diplomacy instead of arrogance and bullying.
Okay bye 😂
To what, only thing BRICS is doing is trading with China not among themselves. And Chinese are only helping themselves. Do you see them trying stop the bombing in Lebanon, or helping other countries. "NO". They gutted Brazil's manufacturing took all their clients.
The white man will lose dollar dominance shocking
You so correct 💯
@@halon7476 very sad that the free world blew up its chance. Many Westerners think political correctness is for internal politics but it’s actually for Americans not to be arrogant and rude when they travel to other countries. It was too late. Nobody I met liked America.
From South Africa.
We're tired of the western bullies and their colonizer mentality. South Africans are tired of being treated as 2nd class humans by America. UK and other colonizers. We deserve better.
As usual, never to lay the blame on the actual problem, your corrupt leaders.
@@tealsquare your view is rather narrow minded… read up on the subject first…
@@ntokozomakhoba6857nah, it's pretty much your corrupt leaders! That's why you don't have lights most of day. Got nothing to do with the US.
@@tealsquareof course I agree with you about the corruption....... But at the same time the white race have caused untold pain and misery on the black race.....left an intense hatred of what white people have done. My own grandparents hated them so much as they told us what they did during imperialism. That hatred is still very present in many Africans.
But only if the colonized are not white. No problem with Russia trying to reestablish its imperial colonial hegemony. Goes to show how deep those feelings truly are.
Brazilian here, the world is tired of being treated disrespectful by USA, UK and most of UN. We may have strong cultural differences in BRICS but we all feel the same about this and respect each other soberany, is just a matter of time to all the projects are finalized. And also, one important thing to people realise is that BRICS countries, if they wanted, can be 100% self suficient from food to technology, G7 could never.
@@TheLunaKeat Go BRICS go,🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦
Totally agreed. As a South African, I'm glad the world is finally starting to move in the right direction.
De acuerdo, tenemos que cambiar de la dependencia de los Estados Unidos. Todo nuestro apoyo al BRICS desde Perú. Fíjate que he pasado 57 años de la falta de respeto de los americanos hacia los latinoamericanos y estoy ahora yo mismo viviendo este cambio.
This was an amazing interview of professor Wolff. His insights are never old or boring. Thank you so much for sharing it!
I find him to be a slow talker and is quite broad.
I'm so happy that Professor Wolff is having a major impact on people's understanding of our Global issues. He has been persistently breaking down barriers that kept American's frozen thinking and illusional beliefs about the USA in place.
You nailed it. He's taught us so much over the years . @kirstinstrand6292
I know, so correct… I learned from him in 20mins what I never learned or knew from school or the news paper- no wonder why we are to be blamed for biases and criminals
“Those of us who do not learn lessons from history, will become
assassins for the history that is yet to be recorded.”
― Ravish Kumar, -----
Freedom to choose is never called a challenge. Everybody deserves freedom.
Freedom from who? America doesn't own your corrupt country.
This is why BRICS will fail to bare fruit :
BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already
BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell
BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of
The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
@@abdulalimomar6116 what's is the condition of women rights and gay lesbian LGBT people rights and other minorities rights in middle East and muslim countries.????
@@MoinRana721 have you ever been there 🙄
@@MoinRana721 : that's their problem retarded, not a valid excuse to go there to STEAL their resources...
we vietnamese 🇻🇳 have rised up economically in the past few years after a decade of colonization, 25 years of imperialism and countless wars. We fully support peace, the right of self-determination and equal distribution of every countries. We are very happy that the brics was established to help countries not yet developed like us to rise out of poverty and help their own people.
Love from South Asian brother
If you support the right of self-determination, you cannot possibly support Russia, a country that is trying to destroy the right of Ukraine to exist. Your post is completely contradictory.
@@tlg5003you're too naive. 🎉
@@vn.4767 Meaningless statement (zero context). Am I supposed to mind-read what you mean?
@@tlg5003Vietnam's people are able to enhance their lives. They vote. No foreign occupying group controls them.
Full support to brics from 🇮🇳
🇷🇺🤝🇮🇳
And yet your country supports Israel and the USA and Modi is basically an obedient dog of the USA and Israel
@@ZenoSamaOmniKing phul sapot
This is why BRICS will fail to bare fruit :
BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already
BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell
BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of
The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
@@Kalankit5409 the coping is REAL
@@Kalankit5409 Now Your Mom will be able to sell her OF in Brics currency too
As a born and raised US citizen, I have studied our history. Nothing to be proud of. I say, "Hooray for BRICS!"
❤✊🏻❤️🤝
You shouldn’t hate your own country
@@Jaapst he doesnt get to decide on who is going to war, what there is to love????
Why not. There were also a lot of people shouting „Hooraay Hitler!“. 🤡
Traitor.
I love the way Richard makes complex stuff sound simple. Thank you.
I'm an American expatriate... and I hope so. America has some great qualities but it's in desperate need of some humbling. Not everyone wants to live the same way they do... Freedom means allowing others to choose for themselves how they wish to live, even if and especially when you may not agree with it. If they're not hurting anyone? Leave them be.
Without usa human rights equality justice can't established only usa help LGBT minorities
Absolutely. I think brics is a great thing. The US abuses privilege again & again & is set to be hoist by its own petard.
I live in US & the govt no longer serves anyone but itself.
💯
We the global south have had enough, its time to stop reliance from the US. Go Brics!
Stop dividing the world into arbitrary segments that you can generalize or speak for. Nations do far from always have the same values and national interests as even their closest neighbors. If you want BRICS to succeed learn from western mistakes, stick to economic corporation, don't try to make it a political entity that blackmail its members into supporting the foreign policy of the economically strong members.
Otherwise BRICS will just become everything you hated about the western counterpart.
Because politburo's of the USSR and China have a history of showing freedom, peace and prosperity to all of its peoples /sarcasm.
@@SedriqMiers Or because of the over 100 military conflicts the US has been involved in, the overthrown governments by US agencies or the fact that the US sanctions more countries than EU, UK and Canada combined. Sounds like freedom, peace and prosperity to me/sarcasm.
@SedriqMiers their past history is not much different from the us', yet you Americans love being self righteous and claiming you are the pinnacle of morality
@@SedriqMiersChina has pulled 600 million people out of poverty, and their citizens are free to live in or leave China whenever they like.
And the USSR? They collapsed over 30 years ago.
America separated India and China but Russia brought India and China together
Together for what? To fight 😂😂
This is why BRICS will fail to bare fruit :
BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already
BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell
BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of
The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
@@Rural9709 Colonial way of thinking.
china has been acquiring land at indian border :)
American global power and the protection it offered created BRICS and globalization. without US leadership, your multi polar world only leads to war. your dreams are soon to become nightmares.
BRICS priority is not to have a hegemon bullying others.
Just shut up when you are clueless coz South Africa state resources are used by China and Russia. Oligarchs and other Chinese boys are enjoying wealth more than us in our own country
1000% true
BRICS does not have a hierarchical structure, or mentality.
Sure, Russia, China, Iran are not bullying anyone. And if they get more power they will be even less bullying! 🤡
China will be the hegemon in BRICS
That guy,Richard Wolff talked about reality in a black and white style,thank you for your candid unbiased explanations.
Janet Yellen disagrees, even though she can't explain why USA is spending or printing $1T every 100days. so, where is real growth??
He is very articulate
@@AbdirashidAbdirahman-f3w unbiased? I agree with professor Wolff’s politics, but the explanation of the hegemony of the US dollar as us trading nothing for all the goods of the world is extremely disingenuous and under simplified. Our reserve currency most simply provides a way to fund our fiscal deficit. This is biased. Plus, America continues to lead the world in economic growth.
The BRICS+ doesn't intend to replace or sideline the dollar, BRICS+ intends to have an alternative currency. Something they can use when the US blocks them to use the USD. It is completely rational. By the way, why do you sound bitter and frustrated?
Remember the idea of de-dollarization and how it will directly impact your markets. Another way to look at it is as BRICS' reaction to US sanctions. Its more than just decades' revenge
Indonesia, Malaysia, Thailand and Vietnam just join BRICs as trading partners
I'm hoping for the PH to join but I remember, we have a US-puppet president in Malacañan.
Better of getting them to join overall, India, Indonesia and Vietnam are the future industrial powers
hello Asians
This is a great example of Being Realistic...
Thanks Prof.
You brought in the best man for the job. Richard wolff is one of the most intelligent and honest economic professors!!!
even among Jews there are black sheep.
I know right!!!
He was excellent! The historical context, the explanation of the dollar and the rise and fall of empires. Pretty objective and sobering - as the truth can be sometimes.
💯 Richard wolff
Prof Richard Wolff delivered 👏🏿👏🏿
On behalf of the Russian people, I should like to apologize publicly to all American, German,and British officials for our outrageous insolence, our refusal to grovel to outsiders, and our determination to claw our way back from the brink of disaster in the 90s, overcome mass poverty and hunger, rebuild our industries, make life worth living, and feel once again proud to be Russian. I realize how much this must hurt and offend you.
@@nelloli8279 nice one 🤓
I support you bro 🇷🇺 🫡
Arrogance and injustice destroyed all empires in the past.
None so fast like the US empire. 70 years is not a long time. Rome lasted for 1.5 millennia.
@@palimpalim5291 wow thank you for passing that information out.
@@palimpalim5291usa has never been anything like a empire calm down they are a rich country ppl are so dumb on yt xD usa couldn’t even beat afgans and farmers in asia other countries are far superior in there military history compared to the usa it’s embarrassing that ppl are comparing usa to rome haha
@@palimpalim5291 an empire is an empire. It's not about the duration.
70 years is long enough
@@ighayinosayi OK Biden....
For Americans ..... friendship is measured according to interests. This is absolutely visible, but not for naive Eastern Europeans.
I'm naive!?
Can you explain what you meant?
@@markopecinovic4475for example the level of support given to Ukraine vs support given to Israel. Enough support to draw out a war and expending Ukrainian lives to weaken Russia vs unlimited financial and political support and 10s of thousands of troops sent to the region
@markopecinovic4475 you're all puppets.
@@paulcaikman the problem is people don’t see the difference between government officials and the regular guy. The current Ukrainian administration was put in by the CIA. So it was already bought and paid for long before the war. I highly doubt if regular Ukrainians agree with the position the government take.
@@markopecinovic4475hmmm, I wouldn’t call it “naive”.
Wow. Very, very good interview 👍
As a Boomer born and raised in Australia under the safety umbrella of the US, it’s quite difficult to swallow this type of information, but swallow we must!
It’s such a shame one can’t see interviews like this on MSM (Legacy Media) 😔
Fair play for your honesty and open-mindedness
Yes, it’s very interesting and a little nerve wracking for us here in Australia because we are so close to China but won’t necessarily be accepted by them because of our western history. It puts us in a precarious position. I hope our government realise that it’s time to be more accepting of the differences between our cultures and can make some kind of working relationship with them. I’d love to see the whole world just get along and appreciate each others cultures. It is the fear of change though that worries us all.
That was the most intelligent and realistic analyses heard for a long time.... Thank you Mr Professeur Wolf. Your lecture should be taught in universities all over the world !
He has exposed us as a military thug , and that's what will be taught ( I hope) in universities .
Thank you for this excellent interview with Professor Richard Wolff.
Modi Visited Russia, White Russians welcomed Modi with Sanskrit chantings, songs and dances
Now Indian must get ready for :-
Happiness index 192/192
Press Freedom 180/180
Global Hunger Index 134/134
Democracy Index 166/166
.
West can only do this to show their protests against India😅
Why Indians would sell their kidney to migrate to the UK instead or the friendly Russia?
@@mercedesbenz3751 By ur words i think u've Zero knowledge of Geopolitics....
White Russians? do you mean the counter revolutionary army 100 years ago? can Modi time travel?
饥饿指数满的哦😂
What's wrong bro We got full marks 😂
Great presentation by Richard Wolff!!! And Steve Clemens does an excellent job!!! Mr Clemens asks a few good questions; then he allows his guest to speak without interruption. Well done!!!
Very insightful. It’s a pleasure to hear a learned American intellectual with his feet on the ground.
Rather good comedy :D Meanwhile last week Putin said that brics currency will not happen and he begged brics countries for investments and technology, but still no one is interested. Brics investments in Russia are negligible and China on state level forbiden investments in Russia and sanctioned Russian financial system. :D Facts matter.
he is a Jew, a black sheep among the diaspora.
This is the best and most honest analysis I've ever watched from an American
Yes, BRICS is a future.
And will lead World economy.
No
@@RajaeRhooms-bu1cj Ppls r very determined in East to break western monopoly & hypocrisy.
Go
@@surojeetchatterji9966 I will rule as a blackman
Yes. China and India will be the two largest economies in the world by 2050. That's what the data from world bank says @@RajaeRhooms-bu1cj
Bravo! This time Mr Steve got a right guest for the right topic 💯
This man is amazing, hes analysis is real, honest, simply and to the point...
Excellent guest speaker. Richard Wolff is VERY knowledgeable and in my opinion, spot on.
Thank you. Always so much to learn from Professor Wolff.
Great Interview! Mainstream American Media should be ashamed. Thank you for providing an outlet for truth. Truth will prevail!
So basically, America never earned the economic superpower status. What happened is that the world decided to rely on the dolar because it was the most stable currency at the time, a result of America not being devastated during the war.
This makes it even easier to bring an end to the dollar.
This is why BRICS will fail to bare fruit :
BRICS countries dont all get along the biggest is india and china still in conflxit over tibet and have gone to war for it already
BRICS is trying to back themselves with gold a material easily mined and chemicly made aswell
BRICS is trying to use new technology like qr codes which is untested and is very vulnerable to threats and being taken advantage of
The only way for BRICS to do anything they would need to invent warp drive engines they still use single use rockets while the usa is already using reusable rockets
and till today the currency dollar is still more reliable and stable than any other currency
All the support for BRICS nation's from 🇺🇸👌
Haha you are delusional.
😂👏
@@abram2535 Says the Delusional one
@@Etheldreda20 The power from USA will move to Israel and whole world will be globalized, read the Bible. The one President will control the whole world.
@@Etheldreda20 Haha says the one who is balanced and sees both sides.
Professor Wolff is so articulate, and passionate and incredibly a pleasure to listen to. He delivered complex, historical, global perspectives so elegantly and with such a simplified language. I won’t mind to pay to taking his classes
Thank you both!
Chapeau professor Wolff
and respect from Serbia.
👍👏
Thank you Mr Wolf for explaining things in layman's terms.
I found this interview very interesting. Much appreciation to you 😊
Absolutely spot on professor Wolff .
This so eye-opening and insightful of the emerging realities of times from Prof Wolf
Thank you for the short question and answer at the start.
Excellent talk
Professor Wolff may be correct in saying that the GDP of the US still exceeds that of China by several trillion dollars, but when one compares the substance of what comprises the GDP of the US financialized economy, where the increase in the of value opaque financial instruments are included in the GDP and represents a substantial portion while the GDP of China includes more tangible products and services.
To illustrate my comment, I wish to point out that in the last decade, while the S&P increased by over 500%, the stock market in China increased only 40%, but no one can honestly suggest that the US economy grew at 12 times the rate of that of China.
@@jackshultz2024As we can see in the Ukraine conflict, the American military industrial complex can't compete with Russia. Despite the GDP difference, Russia produces more military equipment than the western world combined including Japan.
Truly believe your explanation. I just US GDP includes printing money and production military hardware
Wow, Professor Wolff hit the nail on the head in his explanation of the recent evolution of the world order.
30% of China's GDP is a failed housing Market 😐
Real sensible and straightforward
Conversation
Thank you for sharing this informative interview with Dr Wolff. He always explains complex issues so that we all can understand them.
One of the best unbiased explanations by Professor Richard Wolff.
This professor is very biased, Richard Wolfe is a Marxian Economist, thus a communist of course he will be biased. Though I admit he has a few good points about the past WW2 and about the USA's World Order.
Well Brics has been talking forn20 years. Its much talk and little shop… just like this so called Proffessor….
@@nkosipwl 😭
does unbiased mean "I agree with him" ?
@@kerrypolly1252 unbiased and richard wolff is a good one lol.
Fantastic interview, informative and facts highlighting.
China has already perfected this game..... US is late to stop this train, China has plan of the far future.
@@lindokuhlechala8534 lol riiiight
China will implode along with its inflated currency just like the USSR, all politburo's do of whatever hue. Besides Biden is the one responsible for empowering BRICS with his enfeelblement physically and politically.
The far future requires that you make babies... Wops.
Why would India be ok with China domination?
@@freddiecarr7602 Taiwan is already part of China.
Please leave BRICS alone.
The world is not about nor not for the US.
The world is about power - which US still has - both through the dollar and their huge army. Stand in line. The time of the South & East is not yet here.
@@octavianepure8004 Hence the Taliban humiliated your "big army".
@@josue_kaydid they?
@@octavianepure8004 who put it in our heads and minds that, the world is about power? Is it not possible we focus on cooperation?
@@josue_kay not my big army, I am not american. Yet defending your home turf, and a very mountainous one, with the help of your neighbours hiding you in their country when the Americans come for you is one things. Bringing the entire American empire down is different. Your journey only started, and you got many miles to walk. Good luck !
Great interview, thanks
I am 26 and live in the Netherlands, and I love the fact that the Global South has grown massively in my lifetime and much more to come still! I don't discount BRICS at all, it will be a significant force in world politics in the next century.
Why, though, do I sense hostility when I am watching this from a "Western" country?
generally in the west the brics are represented in hostile terms, as a threat...
Force in world politics in the next century? Disagree, and you will be the witness, it will be sooner,
control freaks
@@augustus331 More like next few years not century
Jouw euro is direct verbonden aan de dollar. Als de dollar valt, stort de euro mee. Duitsland loopt op z'n laatste benen. De Europese Unie heeft sanctie aan Rusland en China. Als we gaan, dan gaan we naar een gedeindustraliseerde samenleving. Het dagelijks leven wordt erger dan 1920. Hoe minder de niet geïnformeerde burger weet hoe minder weerstand. Hij is bezig met basale behoeften. Eten, drinken, warmte en een dak boven het hoofd.
Wao, We need more talks like this. Thanks
Very insightful conversation. Thank you!
Great great interview and thank you
American living in Brazil with my family. Our quality of life is way higher here than in the US. This was an excellent discussion
Have you ever been robbed on the Brazilian streets?
sure detroit'er
American living and working in Italy. My husband's Italian. Life is great here compared to America.
Great interview! Thanks for bringing in someone like Mr. Richard Wolff, who offers a realistic and practical perspective of what's going on now around the world. It's a shame that most media outlets in the United States don't cover this kind of insight, probably because they're afraid of being marginalized or excluded.
Excellent economist without any bias talks my favourite man
Richard Sir, well said on every point and topic
This video was phenomenal! Well put together! I applaud you, sir
Wow! The guest is remarkable. I've never seen an American who is so clear, unbiased and outstanding at what he says like Mr. Richard said.
Except he's wrong. The war didn't make America richer, we just lost less. We had inflation with the war.
I am so glad to have access to Al Jazeera and your great journalism. Thank you and carry on uncovering the Truth.
Well done. Lovely conversation. Informative, fair, conversant and factual. 👍👌
There needs to be balance. The world has for too long been under the dominance of the US backed alliance because of its economic and military hegemony. As a European, I'm not overly enthused about an alliance where a country like Russia plays a significant role, but at this point, I'm willing to entertain the notion that any kind of counter to US led control might at least force a restructuring of the global order, which is much needed in light of what's happening in the middle east.
@ChrisAlbertH47 agreed but be careful what you wish for: a world dominated by China concerns me. Russia is not even a contender - their economy is smaller than Italy ! As for Brazil - they have been on the verge of a first world country since the late 1970's and South Africa is pretty much over now that the blacks have taken control and driven its economy into the ground which white south Africa predicated it would back in the 1980's.
@@revol148 China can be a cause for concern, but they have been more willing to play within the lines so to speak when it comes to international relations. So I'm gonna give them the benefit of the doubt. And since BRICS is more of an economic alliance as opposed to a military or security alliance, there is more incentive to play nice with each other if common arrangements that can be collectively beneficial can be reached.
My personal desire is just to see the growth of a strong economic institution to challenge the dollar.
What's happening in the Middle East is the shifting of the global order. Israel is posing to establish itself as a major superpower, after expanding its territory considerably and establishing trade agreements with the Gulf States and India. That's why Hamas is so against normalization: it means making Israel responsible for "national security" in the ME among its allies.
Germany could have been a powerhouse for Europe, but they've bent the knee. Russia is like david in this situation.
The Middle East is paying the price for just being a neighbor of Europe
Lovely.. Great conversation.. very well explained by Mr. Wolff
WOW, just WOW. this is about the most honest conversation I've heard about global affairs in a veeeery long time and trust me I'm on RUclips everyday. Thank you Aljazeera and Professor! ❣️
Great discussion.
Bravo ! Professor Wolff.
Much needed change in global order !
Thank you Richard
Very much enlightening. Thanks
Babylon is falling
@@dalac_93 👑💜💪🏾.......😤
According to the Jehovah's Witnesses who consider themselves authority on everything when in actuality they are the equivalent of what the Catholic Church was to the Roman Empire only they are the religion of the "New World Order". Their founder, Charles T Russell, was a Freemason and they constructed a 6 foot pyramid to be put at his gravesight. The Jehovah's Witnesses had it removed a few years ago because it was "crumbling and dangerous". Anyway back to Babylon the Great of Revelation. It fell in 1914 and now we're waiting for its destruction. Of course, they claim Babylon the Great is false religion and that is everyone except themselves! How convenient, right???
Rome is falling
@@chtadow13 *BINGO* All Empires fall...unfortunately, "The West" seems to not understand this logic...smh.
China is rising and more and more countries are in their pocket.
Great Insightful & Intellectual conversation!
Brilliant... Very insightful... Thank you sirs....
Great interview with a realstic scenerio!
learned a lot from this video. thanks
It’s good for changing. It's natural process.
United States External Debt reached 26,467.0 USD bn in Mar 2024. As at the end of March 2024, China outstanding external debt was USD 2512.6 billion. This shows China is by far the biggest net economy knowing US external debt is bigger than its GDP. US government debt is more than 35 trillion USD. Printing Dollar is no more an option.
That's not how it works. For starters, GDP is a yearly output so the US economy creates $23.22 trillions yearly, this with a massive trade deficit even which is surprising.
Us Debt is 35 trillion.
Chinese debt is 11 trillion.
@@YouReadMyName Woah, GDP is bogus... Jeez , thanks for clarifying Mr. Economics Nobel Prize.
Yes GDP is bogus , if a real productive economy is compared to a ponzi financial papered over economy . And that also in terms of an inflated fiet currency .
Indian economy isnt loan driven one !
Great journalism. I appreciate it.
Excellent presentation of ideas. Thank you.
Professor is awesome. Such great insights.
The Wolff man always smashing us with the hard facts.
Excellent episode. So informative and easy to understand. Professor Richard Wolff was such a breath of fresh air to tell it like it is. Thank you for this episode.
Great explanations ! Thank you Professor
Mr Wolff, you are a great speaker, the way you explain things, the emotion/enthusiasm and the way you talk and the body language......you make a great teacher. Thank you for your time!
If you want to listen to lies, then yes. Go to the IMF and World Bank websites: Russia's GDP is $8.5 trillion, NOT 2. The Russian economy surpassed Germany and Japan in 2023, and now Russia is the richest country in Europe. And what's more: Russia ranks fourth in the world in terms of living standards. Again: all EU countries are inferior to Russia in terms of the wealth of their population.
If you want to listen to lies, then yes. Go to the IMF and World Bank websites: Russia's GDP is $8.5 trillion, NOT 2. The Russian economy surpassed Germany and Japan in 2023, and now Russia is the richest country in Europe.
Thank to your quest for sharing his thoughts and analysis
Wow, such a great diplomatic analyst
I could listen to Professor Wolff all day
Dr. Wolff often makes a lot of sense. Today is not an exception.
Excellent presentation. Understood everything. Thanks. 🙏
Thank you Al Jazeera
What a truthful interview, and the guest Richard Wolfe was forthcoming with the truth!
The US and UK both lost 500,000 people in WW2. The Soviet Union lost 24,000,000. China lost 19,500,000.
@DrVictorVasconcelos the Chinese lost 40-60,000,000 in the second world war !
Most of the soldiers of the British were from its colonies.
India Lost 4 million people in WW
@@asmitkarpit5689 how ? Neither the Germans nor the Japanese went that far.
and those that the soviet union lost are then counted by americans as "victims of communism".
US is doing it to it self
Became too stupid to see a decade ahead. Was truly great until the 70's - then it woke up every day, told itself it was still great, and did nothing. Couple years ago it realised another country was catching up and decided all it could do was a global smear campaign to keep them down while they try to figure out how to be great again.
Trump might actually be the best thing for America. History always shows great tyrants leading a country to power.
Well said... Hope more people listen.. we're at a tipping point.
Thank you so much to both of you
Great analysis
Intellectual integrity n clarity of thoughts is simply great.
Thank you for saying the truth
Hurra!
Do not Harm
Is what the prostitute said when she cried out loud selling her vag to the highest bidder.
May God bless you for telling the truth professor Wolff.