“I TOLD You Something is COMING & Now It's HERE…” | Richard Wolff

In this powerful lecture, Professor Richard Wolff dissects the reemergence of tariffs as a central feature of U.S. economic policy, exposing them as a covert tax on the very workers they claim to protect. Under Donald Trump, the Republican Party—once the banner of small government and free markets—has turned to massive tariffs, federal purges, and reckless borrowing as instruments of “economic nationalism.” Wolff contends that these moves are not evidence of renewed strength but of imperial decline: a desperate attempt to sustain global dominance amid stagnation at home and rising challenges from China and the BRICS bloc.

Wolff traces how tariffs and trade wars function not as patriotic defenses of industry but as mechanisms of class warfare, shifting the costs of crisis from corporations and elites onto ordinary Americans. Beneath the rhetoric of “America First,” he reveals an economy trapped in contradictions—shrinking global influence, ballooning debt, and a populace losing faith in the capitalist promise. The real question, Wolff insists, is whether Americans can confront this reality before the decline becomes irreversible.

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