Global Capitalism: The US-China Trade Wars: Causes, Prospects, Risks [September 2019]


Democracy At Work has produced the video Global Capitalism: The US-China Trade Wars: Causes, Prospects, Risks [September 2019].


Professor Richard Wolff explains the economic and political factors that are driving the economies of the world. Believe it all or not, he gives you more than enough to think about for the next two months until his next lecture along these lines.

If you like his style of humor, it is also entertaining to watch. I probably ought to warn your that he and I have an odd sense of humor.

I should also point out that understanding Modern Money Theory is not the forte of Professor Wolff. Although he uses the wrong reasoning about the money aspects of the balance of trade between the USA and China, I can’t really fault the conclusions he comes to. Maybe it is my engineering training, but I one time got marked down in an exam because I came up with the right answer using the wrong methods.

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