Richard Wolff: “History Is About To REPEAT Itself & It’s Terrifying”

As public trust in the U.S. government plummets, the current administration appears increasingly bold in its attempts to preserve a system many now view as legalized political corruption. Economist Richard Wolff argues that the consequences of this overreach will arrive swiftly and decisively — not in years, but in months. In this wide-ranging lecture, Wolff draws a sharp comparison between America’s declining economic credibility and China’s rise from poverty to industrial dominance, exposing the myth of American exceptionalism in the process.

China’s economic model, he contends, proves that a strategic blend of state and private enterprise can outperform a purely profit-driven system — especially when private interests neglect national needs. Meanwhile, U.S. leaders continue to weaponize tariffs and scapegoat immigrants to mask deeper systemic failures, punishing the public with higher prices and fewer opportunities. Wolff dismantles the illusion that deregulated capitalism will self-correct, showing instead how ideology has blinded policymakers to the real roots of economic distress. As the American Dream evaporates for the majority, he urges viewers to confront the political and economic structures that perpetuate inequality, not the immigrants or foreign competitors wrongly blamed.

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