Chris Hedges and Richard Wolff: The Coming Collapse of the American Economic System

Josiah Says Defeat Capitalism

Image by Dandelion Salad via Flickr

Dandelion Salad

Previously published April 1, 2018

with Chris Hedges

RT America on Jul 7, 2018

Economist Richard Wolff discusses the coming economic collapse of the United States of America with journalist Chris Hedges.

From the archives:

Michael Hudson: China’s Export Competitiveness = Underpaying Women + Trump’s Trade Wars: An Opportunity to Refashion the Intellectual Property Regime?

Inequality, Social Dysfunction and Misery by Graham Peebles

Socialism: Our Alternative To The Madness Of The Market by Eric Ruder

Chris Hedges and Richard Wolff: An Unsustainable System

What is Wage Slavery? by The Anti-Social Socialist

Michael Roberts: OECD Advises Countries to Curb Extreme Inequality

Mystery: How Wealth Creates Poverty in the World by Michael Parenti

Destructive Stock Buybacks—That You Pay For by Ralph Nader

Chris Hedges: Aftermath From The Loss of Thousands of Union Jobs

Michael Hudson: Corporations Are Taking The Money and Running + Transcript

14 thoughts on “Chris Hedges and Richard Wolff: The Coming Collapse of the American Economic System

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  12. I’ve always appreciated Chris Hedges. I’m glad someone like him with as much as he’s written attacks these issues hitting them head on.

  13. Sobering to say the least. Nature abhors a vacuum, Aristotle allegedly declaimed ~ a contextual hypothesis contemporary quantum ‘realists’ now split their metaphysical hairs about.

    Whatever our physics, in politics we may be sure, nothing stays exactly the same for very long. The name of the game, if a sporting analogy is allowable, is (strategic) power…and in the world of capital flows, that power resides in the hands of those who purport to wrestle with the controls; the venture capitalists, reactionary fanatics, but also the entrepreneurial elites and social reformers.

    Will this impending crisis be characterized by (further) urban chaos in the US, or does the inevitable ‘collapse’ of an imposed neo-liberal consensus mean radical social opportunity ~ a chance to respond with innovation, better ecologically inspired (politically-motivated) design and a more coherent universal outlook? In short, where does healthy political imagination reside, these days?

    If the front-line is economics, what exactly is the guiding (quantum-biological) vision that will satisfy all (our) needs?

    Do we have a realistic global outlook that can withstand the shock-wave of arguably, immense and irreversible international turbulence; when devastating weaponry is everywhere ‘on guard’ & liberally distributed with a pathological enthusiasm bordering on total insanity? Just as serpentine Eurasia convulses with feverish desperation to emulate the ecocidal West, to get even richer than its colonial conquerors, yet remain aloof & inscrutably dodge the ecological tsunami that must necessarily ensue….?

    I propose to defer, temporarily, to Daniel Ellsberg’s Doomsday Machine, before I venture an informed opinion on all that. We are hostages to (planetary) evolution, and all the evidence at our disposal shows that Nature knows best, and always will. If human beings aspire to universal sovereignty, we had better heed our greatest teacher, Life Itself; in all its mystifying, magnificent diversity.

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