Wolff explains the decline of the American Empire and why Trump can't stop what Trump doesn't understand.
The US inherited "The Empire" from Great Britain. American Empire lasted to the end of the 20th century. But capitalism moved American Industry to China putting China in the lead. The decline began about 15 years ago.
- Vietnam won.
- Afghanistan won.
- Iraq is governed by the Shia and Sunni, they won.
- The US is losing in Ukraine.
- The US is losing to Yemen.
- US GDP (G7) -- 28%
- There are 22 members of BRICS -- GDP 37%
- Every African country trying to build a railroad goes someplace other than the USA (G7)
- IMF 2024 GDP growth 2.8% China 5%. India 7%
- Europe now buys Russian Oil and Gas through Azerbaijan at an inflated price. The West didn't understand this was going to happen.
- European economies are in deep decline.
- Trump can't fix this. His best option is to be honest with Americans.
- During the empire's decline the Oligarchy will force the "rest of us" to pay the costs.
- Trump is going to cut social programs. How does this benefit anyone but the Oligarchy.
- American's are in denial. (especially on this sub)
- Ursala von der Leyen, president of the EU, declared before the WEF that the price of freedom (in Madeline Albright's sense) is worth it. Her support of the Ukraine war has cost Europe its future. They will be unable to recover.
- Putin did not cut off oil and gas exports. The American sanctions did.
- China is not afflicted by inflation.
- The US is raping Europe
- Trump's tariffs only benefit the Oligarchy. Inflation will rise. Europe will no longer be able to sell to the US.
- BYD has sold many cars to Europe.
- Getting to the White House by being mean and nasty doesn't work when you are there. Canada and Mexico have provided firefighters to LA. Trump is still threatening them.
- No one next to Trump is willing to tell him how tariffs will hurt Americans. That's because they are members of the Oligarchy (there are 13 billionaires in Trump's administration), they are stealing the wealth created by American Labor.
- The price of US exports will rise. The world will buy from China as America becomes more and more uncompetitive.
- When empires go down, the Oligarchy will force everyone else to pay for it.
- When Trump raises tariffs, the countries he imposes them on will impose tariffs on American goods. Everyone's economy suffers.
- We don't know exactly what is going to happen. There are too many variables, but it will not be good.
- BRICS again BRICS, BRICS, BRICS
Trump is using his braggadocio with Canada, Mexico, and Denmark, to cover up the truth of the Empire decline.