‘The Empire is Over’: America's Long Economic Decline

2 months ago
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In this week's episode of the New Rules podcast, Professor Richard Wolff explains why you should not believe the media hype about the US economy’s “strong performance." Despite recent upbeat statistics, an economic and geopolitical storm is brewing – one that Biden can’t handle.

"I think when it's all over that the American people do already understand. Even if they can't explain it yet. That the Empire is over, like every empire before. And nothing is more typical of the decline than leadership which undertakes military adventures that they no longer can afford, but the leaders don't want to face what it means that they can't afford it anymore."

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