Ask Prof Wolff: What Europe Got Wrong about Sanctions on Russia

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Democracy At Work

Democracy At Work

Күн бұрын

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A Patron of Democracy at Work asks: "Why, in your opinion, did European countries go along with the USA on sanctions on Russia after the Russian invasion of Ukraine last year? Did European leaders miscalculate negative impacts that these sanctions will have on Europe or counted on some benefits that will be worth the losses? Are any benefits present?"
This is Professor Richard Wolff's video response.
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Пікірлер: 2 000
@truthseeker8894
@truthseeker8894 Жыл бұрын
And as a citizen of Finland I am thinking - what have our stupid politicians done??? We should have stayed a neutral country not joining NATO. 😢
@afie8894
@afie8894 Жыл бұрын
There is where the money is...by joining nato,,,, those politician will get the money to stay in power They will not think for the best of the people , they only think the best for their own pocket and benefit
@afie8894
@afie8894 Жыл бұрын
Good luck for the people in Finland
@jgarbo3541
@jgarbo3541 Жыл бұрын
Demand your next PM not use cocaine before breakfast.
@ritarossi1805
@ritarossi1805 Жыл бұрын
Non siete soli... ditemi dove si nasconderà la premier Meloni quando andando in giro per il mondo..."temere loqui".. incontrerà la Costituzione italiana e suo figlio. ( negletto ) l"art.11???
@reyteeuniversalvlogs1154
@reyteeuniversalvlogs1154 Жыл бұрын
You right. I also met a Sweden civilian, they as civilians do not want to join NATO, it put you automatically in conflict and imminent danger as opposed when you stay out of it by being neutral. Politicians have a mental syndrome, power and greedy over powers them.
@hafifi57
@hafifi57 Жыл бұрын
I have the same question, why Europe is aligned blindly with the United States despite the widespread political corruptions, violence, and ignorance !!
@etbuch4873
@etbuch4873 Жыл бұрын
Because birds of a feather flock together. And the corrupted, the violent, and the ignorant tend to flock together, too.
@balalajkeaccordeone4711
@balalajkeaccordeone4711 Жыл бұрын
for same reason as cancelor sholze pretend he doesnt know who crashed nord stream. pure terroristic attack on his country - and he has no reaction
@JanWasp
@JanWasp Жыл бұрын
European elites are naive and/or cowardly, it really is that simple. If they had refused Bush in 2008 in promising Ukraine and Georgia that they would be accepted into NATO, the war wouldn´t have happened!
@luckmanyo
@luckmanyo Жыл бұрын
Because if you not the puppet, you're are the enemy. Coupled with short term interest and mass media, government with 40-50% popular vote easily toppled over. Latest example is new Zealand leader ousted
@oliviasukamto947
@oliviasukamto947 Жыл бұрын
Whenever the yank poops the euros scream DINNER . More pls !
@evelynread3156
@evelynread3156 Жыл бұрын
Russia has been expecting this for years. They were prepared for this exact moment.
@louise_rose
@louise_rose 10 ай бұрын
Certainly much better prepared than NATO, yes. Also, I think NATO were fooled to some extent by the enthusiasm and will to deliver all the right answers among the Ukrainian "new elite" the West has been training over the last ten years. It must have made the Americans and west Europeans think "yes, these guys are going to make it! They're able to defeat the Russians if we'll just give them the right equipment!".
@mavishadebe911
@mavishadebe911 Ай бұрын
Kkkkkkkkk,does NATO have a backbone? Why are they swelled in whatever direction the wind blows? Where is the integrity?
@genelarson6849
@genelarson6849 28 күн бұрын
​@@louise_rosesure dummy except what's taking Putin so long it's close to 2 1/2 years since that the special military operation began?
@genelarson6849
@genelarson6849 8 күн бұрын
​@@louise_rosePutin played the fool invading Ukraine thousands of young men are dead because of that asswhole pardon my spelling the fine Russian citizens deserve better than that flaming jerk
@genelarson6849
@genelarson6849 8 күн бұрын
Wolff is a joke as a valid economist his dialogue is a muddled hodgepodge of discarded marxist assumptions
@redemissarium
@redemissarium Жыл бұрын
sanctioning isolated Russia is like stop talking to an introvert people, they feels nothing at all😅
@michaelparris5399
@michaelparris5399 Жыл бұрын
Europe thought they could pivot to Africa but Africa had already pivoted to China
@ujin981
@ujin981 Жыл бұрын
Europe has been in denial for over a century now not having what it takes to admit that the US manipulates European politics to its advantage at the expense of the hard working European folk.
@skp8748
@skp8748 Жыл бұрын
France is literally the only country that has even attempted not bend over and smile... But France without a soverign Germany is hamstrung
@Camcolito
@Camcolito Жыл бұрын
You think the hard working European folk run Europe?
@chloeprice5418
@chloeprice5418 Жыл бұрын
Europe think they're cooler than USA. Delusional
@plau2007
@plau2007 Жыл бұрын
Putin wanted the empire back. They asked NATO out of Eastern Europe and US army out of Europe.
@scalarnai
@scalarnai Жыл бұрын
Europe has lost its marbles and sadly are vassals to the US
@Dare2Blink
@Dare2Blink Жыл бұрын
Great contribution Prof Wolf but I think you missed two very important contributing factors to the backfiring of the sanctions: The first one is this Russia has been preparing on many levels against sanctions by creating their own financial system independent from SWIFT, as well as becoming self sufficient in virtually all technological aspects. Russia had been under sanctions for a very long time and knew there was a sting possibility that even bigger sanction were on the way. The second big miscalculation was to trust the almost meaningless GDP measuring system that can easily be manipulated and inflated by adding factors that actually don't contribute to economy or output of any country. What really matters are 3 things: energy independence, having a highly qualified population and having a strong industrial base. Russia has all three and therefore could sustain any sanctions even without their allies in Asia (which definitely helped I'm not discounting that)
@freefree1219
@freefree1219 Жыл бұрын
The main factor is naivety of Europe to think sanctions can crush Russia. As examples, North Korea and Iran are sanctioned for 20+ years and counting. The don't have the favourable factors and they're still not crushed. However for US the war does serve the purpose to distooth Russia and Europe so that they are no more a challenge to US. For Europe this is a stupid war to get involved, losing a lot economically, significantly increased security risks for no good reason, and have a huge drag in future growth.
@truthseeker8894
@truthseeker8894 11 ай бұрын
Finland for example is loosing 500-600 millions euro per year because of these stupid sanctions. That's a lot of money for a small country like Finland but peanuts to Russia. We are shooting ourselves in the foot for believing in these stupid sanctions.
@kiwitrainguy
@kiwitrainguy 10 ай бұрын
Cuba has been under sanctions for over 60 years and it has not been crushed either.@@freefree1219
@cpx9707
@cpx9707 6 ай бұрын
China, India and the global south will not care NATO sanctions Russia. We know who the real trouble makers are. It is definitely not Russia.
@zatoichison6420
@zatoichison6420 10 ай бұрын
Superb !! What a mind !! Perhaps the Americans and Europeans do not like to hear the true but this is the true !! Thank you professor !!
@robertbennett9949
@robertbennett9949 Жыл бұрын
Thank you for your valuable video. In my opinion, the US NATO trapped Russia into war in Donbass by pretending to support the Minsk Agreements, while at the same time arming the Ukraine regime to NATO standard. Russia was expected to disentegrate after President Putin was deposed. Then there would be a scramble for Russian resourses by the EU and US similar to the 1880's colonial Scramble for Africa. They envisaged an area from the Dniper River right thru the component states of the former Soviet Union to the border of China. But, Russia has not collapsed. Now, the threat to the EU NATO is that a new polarity is being established by BRIC countries. It it something to look forward to.
@philiphoactuallyitstartedb3457
@philiphoactuallyitstartedb3457 Жыл бұрын
Well said
@hassanharith6820
@hassanharith6820 Жыл бұрын
. . ." & The Country / Countries Applying for the Brics."
@loveblindhate9318
@loveblindhate9318 Жыл бұрын
Nice to see someone understands geopolitics...
@VoloGeddarm
@VoloGeddarm Жыл бұрын
So they trained ukraine to NATO standards and then predicted if russia invades, kiev would fall within days? Ok dumbo. And if the BRICS countries hate the west so much, let's see how much they will like their new chinese overlords. Third, none of those countries have a stable goverment or a proper democracy - lets see how long the chinese investments last. P.S. read up on Sri Lanka, donkey
@user-wk5gp8pw8e
@user-wk5gp8pw8e Жыл бұрын
Exactly.
@tschoong3897
@tschoong3897 Жыл бұрын
Yes, Professor, you are right. Europe thought that Russia would collapse and Europe will be sharing big chunks of the collapsed country's resources and wealth with the US. Unfortunately it did not turn out as always in the past, and instead today Europe is losing its competitive edge in the world and would have to struggle day by day to make a living.
@ritarossi1805
@ritarossi1805 Жыл бұрын
From christian catholics crusades against Nevsky 's christian orthodox russian people to New crusades ( AMERICA EU Israel vatican). Against putin's Cristian orthodox COMUNIST RUSSIAN PEOPLE nothing Is changed.....
@lukebandolino882
@lukebandolino882 Жыл бұрын
>"Europe thought that Russia would collapse" Take a look at other sanctioned countries, which are smaller and poorer than Russia: Cuba, North Korea, Iran. These countries were SANCTIONED FOR DECADES, and they did not collapse: Fidel Castro remained in power for 50 years in Cuba; the ayatollahs remained in power in Iran; the Kim family remained in power in N. Korea. No politician could have believed that Russia was going to collapse in 1 year, because of sanctions.
@mariaadelecagna3540
@mariaadelecagna3540 Жыл бұрын
Europe acted stupidly and Now they get what they wanted from the west and Europe was really stupid...
@andreycham4797
@andreycham4797 Жыл бұрын
Russia did not collapse in 90th of last century and it had not any reason to collapse under new sanctions since Russians have been under western sanctions over more than last 100 years and they had over 500 billions in reserves .He is pushing propaganda on you to make you believe that it was a mistake but puppets can not make mistakes they do what a master makes them to do
@hkiani6853
@hkiani6853 Жыл бұрын
Only Sub servant European politician would have thought Russia, will fall a part, and Glory to NATO. They certainly under estimated Russian friends, all the Countries under USA, and Europe sanction. All the Countries that trying to get rid of DOLLAR from their trade, All the countries that have seen enough of Hypocracy and war machine of the West.
@Vantageman225
@Vantageman225 Жыл бұрын
It puzzles me to realise that the economic growth of Russia in the last 12 months is bigger than that of many European countries despite all the sanctions against Russia.
@felixbruette4793
@felixbruette4793 Жыл бұрын
Since the days before Rome, commerce requires peace and stability. What is war without profit?
@Rubinrus
@Rubinrus Жыл бұрын
Russia took over the western assets within itself. They had a choice either to continue doing business, either sell it to someone for cheap (sometimes as cheap as 1 Ruble). If you just close it - they can get seized. They still can get it back afterwards, but the technology is already something that would stay in Russian businessmen' hands. Either way, with giants out of the market, some new locally produced stuff does stand a chance now (the most obvious example - coca cola. If before sanctions there was only coca and pepsi, now there are a few dozens, including old brands returning). This way Russia did manage to boost it's economy by seizing low-mid tech production, however, high tech is out of the reach, since it wasn't produced there. Basically they've exchanged potential technological advance for an instant economy boost. Importing high-tech & state-of-art tech would be incredibly hard & expensive. The collapse won't happen due to a fact that one of the few main lessons of USSR experiment was learnt - always produce more food & water than you can consume. As long as those are present and government has the means of controlling their prices (and Russia does have as a remnant of a plan economy), the nation wouldn't fall. Food, drinking water and electricity is a triad of must-have resources and Russia does have an abundance of them.
@reedOsama
@reedOsama Жыл бұрын
Wtf, you're straight up lying and people believe this shit? Russia's economy has done terribly in the past 12 months
@genelarson6849
@genelarson6849 Жыл бұрын
​@@felixbruette4793who says Russia has economic growth where did this fact come from? I know the Kremlin
@felixbruette4793
@felixbruette4793 Жыл бұрын
@@genelarson6849 you have been sleeping on the job, your fears are not mine of Russia economic progress. It is the same with China and India. Americans got lazy become arrogant, by the policy of America. Commerce by military intervention 😁😄
@gabrielaelizabeth8349
@gabrielaelizabeth8349 Жыл бұрын
I am german, living in Greece . This Question of european following so closely the NATO US " politics '" is very urgent to me. I dodn t understand al those german " Politicians " at all. Thanks a lot to Mr Wolff
@tutotutot5193
@tutotutot5193 Жыл бұрын
as an african i am amazed at how much racism is entrenched in the western world that you can say so much and not mention africa at all, we have so much oil and gas but we need longterm contracts but they are refusing to sign. europeans want it all for free. todays professors are such a let down. germany came here wanted oil and gas we were all willing to supply but they wanted short term contracts and ended up signing the same longterm contract with qatar, they couldnt imagine enriching an african country. worth mentioning i think
@b3drasse885
@b3drasse885 Жыл бұрын
Africa is 1.3billion people, why don't we first think of trading among ourselves, Africa is importing oil from Russia, Saudi Arabia when we have Angola, Nigeria , Libya.
@NoRockinMansLand
@NoRockinMansLand Жыл бұрын
Bro this video isn't even about Africa so I'm not expecting him to speak about it
@tutotutot5193
@tutotutot5193 Жыл бұрын
@@NoRockinMansLand you missed the point completely.....
@grahamt5924
@grahamt5924 Жыл бұрын
Do you work in the oil industry?
@GreaseWood-px4gk
@GreaseWood-px4gk Жыл бұрын
Africa must do what's best for Africa! Let Germany sink in the toilet! I am a native American from a reservation in Arizona, racism is the American way! We no longer have our land but Africa has everything to surpass the world! 💙💚💛
@thetruthinquirer
@thetruthinquirer Жыл бұрын
Prof. I am convince China is on the moved on the same track as you have mentioned. Xi said to Putin at the doorstep of Kremlin, "Right now there are changes that we haven't seen for 100 years, we will be the ones driving the changes together". And Putin Agrees....With China's Road Map and Russian Muscles its not going to be difficult to get things done.
@KayyHong
@KayyHong Жыл бұрын
China's goal is the dismantling of a Unipolar World where one country dictates to all and replace it with a Multi-Polar World where all countries have a say in and input in "International Laws."
@HM-hu4hu
@HM-hu4hu Жыл бұрын
Russian muscles? 🤣 Russia and China are both headed towards demographic collapse.
@kobked-x
@kobked-x Жыл бұрын
Agreed. RIP American hegemony
@HM-hu4hu
@HM-hu4hu Жыл бұрын
@@kobked-x RIP China and Russia. Demographic collapse coming up.
@edmundtumaca2334
@edmundtumaca2334 Жыл бұрын
Billions of money are wasted by US and Western countries for this war and it will Not take that much to promote peace. That amount of money should be used for building economy. Are western leaders all idiots? Can't read the evil and selfish intention of the US. Their economy is destroyed. They pretend to be wise but are foolish they thought they are strong but found to be weak. Pity to your children and your children's children. What would be the future of your country. 😢
@robertoalcala1105
@robertoalcala1105 Жыл бұрын
As a European, I agree with everything he says in this video. Europe is now being charged for all the years it piggybacked on NATO with little economic effort. USA is now trying to rip apart Europe for its own benefit and to avoid a strong economic union between Europe and Russia that won't happen. There is censorship subtly taking place in Europe and journalists who speak against the norm are brought to court. Thanks for sharing this great analysis from Richard Wofff in the USA.
@The_First_Sean
@The_First_Sean Жыл бұрын
One day you will be turned into slaves and pay for your past, your mom, sister daughter will be sex slaves, get ready for it😊
@eddiemawa6914
@eddiemawa6914 Жыл бұрын
Thanks Prof for your honesty and telling the Western European countries where they went wrong and still have time to redeem themselves
@iitzkryy9599
@iitzkryy9599 Жыл бұрын
Imagine Russia builds a "defensive block" like NATO, from Columbia all up to Mexiko. I would love to see the U.S. reactions 😂
@johnwright8814
@johnwright8814 Жыл бұрын
That could happen, if they all join BRICS. By that time the USA would be powerless to act, too busy propping up the dollar.
@1freeze229
@1freeze229 Жыл бұрын
1962 Cuban Missile Crisis
@iitzkryy9599
@iitzkryy9599 Жыл бұрын
@1 Freeze I know. I'm talking all countries, from Columbia to mexiko. the boarder to mexiko is on land, and twice as big. back then, they handled it perfectly.
@janicedelacruzjian8105
@janicedelacruzjian8105 Жыл бұрын
I’m looking forward to a multi polar world goodbye Uncle Sam 😂😂😂
@Sagbotgamot
@Sagbotgamot Жыл бұрын
That's the Unipolar world thinking Russia and China is doing without it.
@anirbanghosh5454
@anirbanghosh5454 Жыл бұрын
The Western leadership, which considers only a small percentage of the Western population to be the international community and dreams of making that small percentage of opinion the world's opinion, excluding the populations of India, China and Asia, still has a lot to see. Long live India Russia 👍
@J.M.254
@J.M.254 Жыл бұрын
Although, the West will keep trying to put a hedge, between the friendship of India and Russia. I believe, both governments know this.
@alibalaabdullahi6531
@alibalaabdullahi6531 Жыл бұрын
Long live emperor Putin. we love you from Africa
@pier3800
@pier3800 Жыл бұрын
The fact is, the so-called Western world is relatively more advanced than any other part of the globe. However, it is undeniable the "decline of the West and its core value"; furthermore, some less advanced countries step up the ladder. The gap is getting narrow every single year. Briefly, there are a lot of changes from a geopolitics perspective.
@robertkelly-jh9zu
@robertkelly-jh9zu Жыл бұрын
Well said
@ahhahchuang5926
@ahhahchuang5926 Жыл бұрын
​@@pier3800😊
@3800ThaBizz
@3800ThaBizz Жыл бұрын
As a American of African descent I absolutely love it. To hear the government talk about helping Africa in hopes to persuade them from doing business with China is the funniest thing ever! We’re living in a unique time, it’s definitely a humbling experience for some. we are going to see a regime change🎉😂.
@ezzatmorsi768
@ezzatmorsi768 Жыл бұрын
From Canada: the analysis you have mentioned is great. It's good to understand the difficult situation in the war of Ukraine.
@grahamt5924
@grahamt5924 Жыл бұрын
It's not a great analysis as a European. You go live in Russia if you think being under Russian control is so great. They don't give you freedom in Russia.
@JanWasp
@JanWasp Жыл бұрын
Professor Wolff, thank you so much for coming out and explaining quite clearly and bluntly what exactly is wrong with our European leaders. As yet, we don´t know when they will realise what they´ve done wrong, and work out how to get us out of this mess, yet there is a glimmer of hope when individuals such as yourself discuss issues in the open. We can disseminate this information, then people will start talking about it and it will make a difference.
@HM-hu4hu
@HM-hu4hu Жыл бұрын
Wolff is a fascist, imperialist propagandist at this point.
@J.M.254
@J.M.254 Жыл бұрын
Europe and the West, have never integrated Africa, Asia and the Pacific block into their system. These areas were always exploited by them. They ignored the better way of living equally. Now we see the backlash and it's moving rapidly.
@ritarossi1805
@ritarossi1805 10 ай бұрын
Gli americani sono colonizzatori da insediamento figli derelitti dei poveri europei.... quindi NATO e USA stesse radici guerrafondaie...
@paulmacleod3559
@paulmacleod3559 Жыл бұрын
Brazil, Russia, India China and South Africa, are the BRICS Nation's, now Iran, Saudi Arabia and Mexico wants to join them and now a few more African nations wish to join them also. So my question to all is this, what happens to US Hegemonic rule, when more African nations and others around the globe seek to join BRICS?
@hakoskosko2053
@hakoskosko2053 Жыл бұрын
Interesting
@mouradbelkas598
@mouradbelkas598 Жыл бұрын
US Hegemonic rule is dead... The US-African summit of 2022 proved it.. So did the speech of the Mexican president.
@Phil-fw2ib
@Phil-fw2ib Жыл бұрын
@@petroskyrillos illegal immigration
@johnnyoravec
@johnnyoravec Жыл бұрын
You are smoking crack if you think Mexico wants to fuck up relations with USA.
@oliviasukamto947
@oliviasukamto947 Жыл бұрын
What happen ? We’ll the yank needs to get used to hear “ click “ when they phone countries . Nobody cares !
@robinpoole6918
@robinpoole6918 Жыл бұрын
Brilliant as usual. Easy to understand clear and precise. If only he could be on mainstream media,the "sheeple "might become individuals and and realise how they've been duped and start thinking for themselves
@jimmyradebe-ub2rq
@jimmyradebe-ub2rq 11 ай бұрын
Thank you so much Prof Wolff for the truth , when US and EU sanctions Russia they thought Russia would be on its knees in 3 weeks , Russians are very much intelligent they knew all about what US is planning . So they were prepared at the moment the Russian economy is growing fast , thanks again Prof Wolff for your POWERFUL KNOWLEDGE cheers
@rais1953
@rais1953 Жыл бұрын
Prof Wolff thank you for your analysis. One thing - the rapprochement if it happens between Saudi Arabia and Iran is not between the Sunni and the Shiite Muslims. The Wahhabi sect that dominates Saudi Arabia is as inimical to Sunni teaching as it is to the Shiites. Rather it's a political move that sets aside the religious differences between the two. We'll see if it works but I'm sure there are forces in the West and in Israel who will pull out all stops to ensure that it doesn't.
@samstone4320
@samstone4320 Жыл бұрын
The satanic trinity of the USA UK and Israel will not be happy.
@fannyalbi9040
@fannyalbi9040 Жыл бұрын
if it cracks happen again, then muslim r stupid than they thought they r smart
@barquerojuancarlos7253
@barquerojuancarlos7253 Жыл бұрын
Ooo ... yes, the US has had many years of practice (particularly in Latin America) in supporting, then co-opting and then building on nefarious, or not, elements within societies so that eventually it'll leads to revolutions and coups. It's currently using that same strategy in countries in SE Asia.
@PhiloSurfer
@PhiloSurfer Жыл бұрын
It should work because the religious divide is artificial and imposed for power and control. If Protestants and Catholics can stop killing each other, so can the Sunni and Shiite. However, as you pointed out, the US and Israel will do their darnest to sabotage this peace deal.
@mamounali5707
@mamounali5707 Жыл бұрын
You are right. And this will open another war ground similar to Ukraine. In the middle east. THE ONLY WAY FORWARD FOR ISREAL EU AND USA IS TO WAGE WARS In order to remove china from being a major player in international affairs. They European Isreal usa cant lose world hegemony.
@okoelsaidi5203
@okoelsaidi5203 Жыл бұрын
No language barrier to wisdom
@yvonneyork1263
@yvonneyork1263 Жыл бұрын
Professor Wolff is such a calm rational and even compassionate commentator of geopolitical realities. He is an economist who sees that balance and cooperation across global economies is necessary for world peace.
@philiprenshaw9184
@philiprenshaw9184 Жыл бұрын
Brilliant analysis by Prof Wolff, the tide is shifting and we have only ourselves to blame for this debacle
@rolandkaschek9722
@rolandkaschek9722 Жыл бұрын
In my view you have left out one important point. I hypothesize that that leading EU-europeans believe that after breaking up Russia into 5 parts the US will allow them preferable terms concerning the exploitation of the riches of Russia.
@etbuch4873
@etbuch4873 Жыл бұрын
If that was the plan the Europeans and the politicians and oligarchs of the US regime have hatched, they were treating Russia like how the European colonial regimes treat Africa back during 16th through 19th Century. Well, quite a few European regimes and the US tried on China during 18th through 19th Century, but they failed. One would wonder what makes Europeans and those in power in the US regime think they could do it again and Russia was their target doomed to be victimized by them?
@mouradbelkas598
@mouradbelkas598 Жыл бұрын
yes, like they did with France building the Submarine for Australia and many other deals..
@johnparry9636
@johnparry9636 Жыл бұрын
I completely agree with this view and it’s one I have expressed myself. I’ve no doubt the Europeans were promised a quick end to hostilities, so no cost to them. US sanctions would quickly cripple the Russian economy and a more compliant leader would replace Putin. US and EU businesses would profit mightily from the return of corrupt oligarchs and Russian wealth would be stolen once again, as it was under Boris Yeltsin.
@johnnyoravec
@johnnyoravec Жыл бұрын
Russia is carving up Ukraine f face. 🇺🇸🇺🇦🇪🇺🇩🇪🇵🇱🇭🇷
@grahamt5924
@grahamt5924 Жыл бұрын
That sounds completely nuts.
@williambianchi6231
@williambianchi6231 Жыл бұрын
Prof Wolf. A question you didn't bring up is what are the sanctions costing European economies? At one time, Russia and Iran were substantial markets for European businesses. How are they making up the loss of those markets?
@mouradbelkas598
@mouradbelkas598 Жыл бұрын
Check they industries, they are in ruins. They are trying to make up those losses with China, but they have to seek permission from their master first...The objective of Ukraine's war is also to destroy EU economy and make it weak.
@HM-hu4hu
@HM-hu4hu Жыл бұрын
No they weren't.
@mouradbelkas598
@mouradbelkas598 Жыл бұрын
@@HM-hu4hu They back fire at their economy and commit a political suicide
@mgronich948
@mgronich948 Жыл бұрын
Europe wanted to reverse Trump's pull out of the JCPOA. Didn't happen. Western oil companies pulled out of Russia at a cost to the companies of many 10's of billions of dollars. The oil companies however made up for their losses and much more by gouging European consumers and businesses with ultra-high energy prices. Europe likely paid an extra trillion dollars for energy in 2022. But Europe is now an economic basket case. 100,000 strong protests in France. Massive rail and transport union strike in Germany. Large strikes by multiple unions in the UK. That and a looming bank crisis. Later in 2023 the BRICS will announce a BRICS buck, which will be used for international trade outside of the G7. The need for dollars will shrink dramatically.
@goodlife6277
@goodlife6277 Жыл бұрын
​@@HM-hu4hu Wrong
@Freddie19008
@Freddie19008 Жыл бұрын
One of the best explanation on the current situation between Western countries, Japan, S Korea, Australian and country of the South .Keep up the good works.
@ngezas100
@ngezas100 Жыл бұрын
"The world is changing" I thought I should just grab that part because to me it captures perfectly your message and I'm afraid that Europe and America will not change simply because as u said those politicians grew up with a mindset that is fixed on what they've been doing over the years. My worry is their populations will suffer as a result.
@rezamehr9379
@rezamehr9379 Жыл бұрын
Prof. Wolff very strong message.. Definitely send your message to many people around two countries Sweden and Iran.. With all respect for Prof. Wolff
@CK-jo9im
@CK-jo9im Жыл бұрын
Prof. Wolf, I will hope that the Europeans watch and listen to your analysis. Its a bitter pill but objective
@HM-hu4hu
@HM-hu4hu Жыл бұрын
Of course they won't. Europeans don't support a fascist dictatorship's imperialist war in Europe. Wolff is clueless.
@beingnonbeingincludesexistence
@beingnonbeingincludesexistence Жыл бұрын
I am dutch (Netherlands), i have listened for a long time to Richard wolf and for some time Michael Hudson, that guy is pure gold, wollfe also ofcourse🙂. The only problem i have my parents and others think i am a conspiracy theorist lol i just say it like it is, it's quite sad and do feel alone in this, there are not many people who see this. People don't believe that the corporate sector has its hands in government for quite some time, my parents think that mainstream media is trustworthy etc etc it's sad😔.
@ciararespect4296
@ciararespect4296 Жыл бұрын
Too late
@beingnonbeingincludesexistence
@beingnonbeingincludesexistence Жыл бұрын
@@ciararespect4296 yep i think that too
@falloftheeagle8645
@falloftheeagle8645 Жыл бұрын
Usa n western warmongers all are not welcomed in Asia.... your evil intentions are easily recognised by all Asia with the exception of your famous p@riah slaves in india
@teckmenglee8060
@teckmenglee8060 Жыл бұрын
I believe that the European leaders know, by now, that their choice to support USA in punishing Russia is very damaging to their own economies. But the key reason why they don't back down is because their personal political reputation would be at risk if they do back down and also because it is "OTHER PEOPLE's MONEY". They don't care as the millions of ordinary people are paying for it.
@paulvandijck6476
@paulvandijck6476 Жыл бұрын
Respect for you, Dr. Richard Wolff! Greetings from a Dutchman!
@hujiannong
@hujiannong Жыл бұрын
FACT : Europe is a semi American colony 😢 Colonies don't "choose", they never have a choice. European policy on Ukraine was not out of choice. NATO states do not have sovereignty to choose.
@cheguevara5560
@cheguevara5560 Жыл бұрын
Very valid point ,so simple ... Once those ex eastern block countries joined NATO they loose they soveregnity very true They did have choice / Not to join NATO in the first place ,very shortsighted decision with huge consequences for everyone involved
@hujiannong
@hujiannong Жыл бұрын
@@cheguevara5560 not to mention those US military bases inside many NATO states. One can't call self a sovereign country with foreign military bases within its borders, they are literally occupying parts of those states
@cheguevara5560
@cheguevara5560 Жыл бұрын
@@hujiannong What can I say .... I served two years in Warsaw pact army in Czechoslovakia in early 80es very close to West German border and we were aware they were NATO troops on the other side but no one really cared , The ballance of the power between west and east mean security for whole Europe at that time . Fast forward to 89 Berlin wall and collapse of USSR and this " balance of power " was destroyed by NATO expansion The consequences are the war in Ukraine ,where anti Russian sentiment was fueled prior to the war ,US medling in Ukraine internal affairs 2014 Maidan in Kiew ... Nothing new here ,select pro US western liberal politicians in those "eastern block" countries put them on your payrol and within few years they will open they borders to NATO and that exactly what they did . They become vazal states and vazal is not a free person to decide his faith and future
@player627
@player627 10 ай бұрын
NATO states joined voluntarily and can leave voluntarily. Your statement that they lack the sovereignty to choose makes no sense. What is a semi-American colony?
@dinosgsideras3158
@dinosgsideras3158 Жыл бұрын
You are very right it puzzled me from the beginning but you thoroughly explained it the educated way and I know now how stupid Europe was and instead of wholeheartedly approach Russia and benefit from the rich resources pushed her into the arms of China and soon EU will be bankrupt
@arvothomson9339
@arvothomson9339 Жыл бұрын
yeah, Dinos, why let ethics interfere with commerce! you would have recommended doing trade with Nazi Germany and "benefit from the rich resources" which thy had violently conquered from the countries they invaded! good for you , ppeople with no moral compass have an easier time getting rich!
@grahamt5924
@grahamt5924 Жыл бұрын
We have banned petrol and diesel cars by 2030 and gas boilers in new homes with the idea of net zero by 2050. The leaders in Europe are trying to run in all directions at once.
@jensholm5759
@jensholm5759 Жыл бұрын
But thats the whole point. None of this areas/countries was benefitting. There was so little benefit, that there were nothing to share. Low and uneducated people cant raise livingstandards apart from 0 to a very low level. Nothing new were implmented. It was a lazybum system with no responsible and loay people to increase anything in most levels. there by that were no structures for production and distributioin. Putin cvanrt even get in tax to the dying healtcare sector.
@user-dr9wv7if2o
@user-dr9wv7if2o Жыл бұрын
Russia is not only resources, but also a huge scientific potential. Two-thirds of discoveries in the last 30 years have been made by Russians. Even the modern production of microchips is a Soviet development. Russia has learned a very useful lesson. You can not rely on anyone, so everything from modern raw materials to the final high-tech product will be produced in Russia.
@grahamt5924
@grahamt5924 Жыл бұрын
@@user-dr9wv7if2o You are also going to learn that war is expensive
@sandrajones1609
@sandrajones1609 Жыл бұрын
I have just found your site today and am so grateful for your time, knowledge and willingness to share with all
@sariputri9687
@sariputri9687 Жыл бұрын
Thank you so much Prof Wolff 🙏🏽🙏🏽
@andreamalaguti64
@andreamalaguti64 Жыл бұрын
The anguish in Europe is not "Did we choose wrong?" It is: "When the nuclear war starts, we get nuked and the US don't."
@theprisonerofzenda2862
@theprisonerofzenda2862 Жыл бұрын
A wise teacher is a gift from God. Thank you, Professor.
@kellysalvador0210
@kellysalvador0210 Жыл бұрын
Prof Wolff very well said, very clear, thank you very much, how i wish everyone would have seen this report and comment of yours. thank you really.
@numerouno8593
@numerouno8593 Жыл бұрын
Great explanation as always from prof. Wolff. Thank you. 🙏🙏👍👍
@Shining237
@Shining237 Жыл бұрын
❤️ Professor Wolff - very accurate, and well said 👍
@liftrucs
@liftrucs Жыл бұрын
Extremely well analysed and well explained, but as a UK citizen I'm still not sure why we have skin in the game.
@user-rc4he4un2y
@user-rc4he4un2y Жыл бұрын
Thank you, professor, for your deep analysis of the current situation. I share your video with my students.
@edreeves6440
@edreeves6440 Жыл бұрын
Europe still has a colonial outlook. Another disastrous decision they took was to take Indonesia to the WTO over Indonesia's 2020 decision to stop the export of unprocessed minerals, the key one being nickel, Indonesia being the world's largest producer and exporter. This cost European refineries dearly and they weren't going to take that decision lying down. In fact Europe won their case, but they won't be getting any unrefined ore from Indonesia, all they've done is make one more enemy to add to a long list. China was also affected by this decision, so what did they do? Build refineries in Indonesia!
@lawrencenoctor2703
@lawrencenoctor2703 Жыл бұрын
Thanks again for a crisp and clear appaisal.
@iniobongjackson
@iniobongjackson Жыл бұрын
Listening to you has helped me tremendously in my studies as a Political Economist.
@ezzatmorsi768
@ezzatmorsi768 Жыл бұрын
From Canada I follow you in every video you have made. Thank you professor.
@rakeshmaskare5050
@rakeshmaskare5050 Жыл бұрын
As a citizen of India, I think my country is better placed in the world today than many countries which are part of either of the blocks.
@johnnyoravec
@johnnyoravec Жыл бұрын
You duckers better decide who’s side you are on. You took American jobs and side with Russia. Good luck.
@miliaurora1038
@miliaurora1038 Жыл бұрын
@@johnnyoravec Indians living in India has nothing to do with those who leave the country and go to US। If you people don't like them, kick them out। We don't care। Hope that solves the problem। And about taking side: nope thank you। Mind your own।
@johnnyoravec
@johnnyoravec Жыл бұрын
@@miliaurora1038 I was talking about the ones working the boiler room phone banks in India aka our customer service lines.
@cuttingedge7688
@cuttingedge7688 Жыл бұрын
@@johnnyoravec don’t give them that’s it
@johnwright8814
@johnwright8814 Жыл бұрын
You don't know how distressing it is for me to see my country, headed by the unelected Rishi Rich Sunak, be the most enthusiastic puppy dog of the United States. Now we have pledged depleted uranium shells, I despair, what will become of Britain.
@user-nw8oi9vn9y
@user-nw8oi9vn9y Жыл бұрын
Recently, the SCO (Shanghai Cooperation Organization) accepted Iran's membership which comes in with its oil-bourse. Meanwhile, Iran is selling giant gas turbines and cars and other things with Russia. Remember, Iran has decades of experience and accumulated knowledge in circumventing sanctions and can not only trade with Russia, but teach them some sanction busting techniques. In return, Russia is helping Iran build its peaceful nuclear infrastructure to create energy and medicines. Russia is now also able to access Iran's warm waters. The North-South corridor is shipping goods from St. Petersburg to Chabahar port and then shipped off through the Arabian sea. That's just the tip of the iceberg of new relations that Russia has available to it. BRICS is significant, but there are many other countries that prefer doing business with Russia. Each country by itself might not be a game-changer, but together with other countries, they give Russia more than it had before. Also, these countries are trading in local currencies and bartering. This is good news for the world. The petrodollar hegemony is fading.
@felixbruette4793
@felixbruette4793 Жыл бұрын
Thank you sir for your time and information😊
@steventan2550
@steventan2550 Жыл бұрын
Excellent analysis Prof. Wolff. Thank you.
@jensholm5759
@jensholm5759 Жыл бұрын
Whe You start with false anything after is true even its false too.
@sergiocastaneda6
@sergiocastaneda6 Жыл бұрын
As clear as water, thanks professor Wolff for sharing tour knowledge with us, all the best and keep spreading the word.
@Junksaint
@Junksaint Жыл бұрын
We have to do our part too spreading it comrades ✌️
@bibekjung7404
@bibekjung7404 Жыл бұрын
KABIR ALMIGHTY GOD is CREATOR of all souls
@falloftheeagle8645
@falloftheeagle8645 Жыл бұрын
@@YTcensors what about that thing being the creator of all corks n cants
@falloftheeagle8645
@falloftheeagle8645 Жыл бұрын
@@Junksaint the fall will be hard Why not help make it easier by speeding up the process of decolonizing usa n europe
@eentun9340
@eentun9340 Жыл бұрын
@YTCensors 😮😮😮😮OMG , I hope someday soon you’ll find your soul and find out how WRONG this statement of yours is.
@davidwright8432
@davidwright8432 Жыл бұрын
Thanks once again, Prof Wolff! Short, clear, persuasive, and to the point. Between you and Yanis Varoufakis, I'm getting a good foundation in economics, and global politics.
@mrfoo5827
@mrfoo5827 Жыл бұрын
Very good and frank and knowledgeable video. Watching from Singapore
@LB-mu8hh
@LB-mu8hh Жыл бұрын
I'm thankful that the US & Europe did not turn a blind eye to human atrocities resulting from Russia's unprovoked invasion of Ukraine. It is not all about economics professor and Europe choosing a different partner. You still have to live with yourself.
@Jonathantuba
@Jonathantuba Жыл бұрын
No doubt Russia has committed atrocities, but so has Ukrainian, committing genocide shelling their own Russian ethnic people in the Dombass for the last 8 years killing over 14,000 civilians. Ukrainian is not some innocent country invaded without reason
@peachychoc7905
@peachychoc7905 Жыл бұрын
And you and so called western world turned a blind eye on the destruction of Iraq, Libya, Afghanistan, Syria, Haiti, Yemen, Somalia
@nkhensanibaloyi840
@nkhensanibaloyi840 Жыл бұрын
I am thankful Russia decided to step in and stop the killings of people in the Donbass by the Kiev neo Nazi terrorists.
@torhec1804
@torhec1804 Жыл бұрын
Thank you Prof. Wolf. Your analysis is as clear as water.
@POENARUEDAN
@POENARUEDAN Жыл бұрын
Thank you Professor Wolff !
@mdchowdhury236
@mdchowdhury236 Жыл бұрын
My salute to Professor Wolf 🐺!!
@richardtung4109
@richardtung4109 Жыл бұрын
Well said. Keep it up Proffesor Woff.
@iniobongjackson
@iniobongjackson Жыл бұрын
I love watching and listening to Prof.
@juliorubido6336
@juliorubido6336 Жыл бұрын
Prof Wollf; thanks for all the clear informa- cion that you provided on the present report. At least, we your conversation, we are able to see the light at the end of the tunnel.
@wayneanderson6370
@wayneanderson6370 Жыл бұрын
Very good analysis and commentaries.
@user-vn6jh2jg9w
@user-vn6jh2jg9w Жыл бұрын
I really like your way of making even complex matters seem easier to us Thanks for the video it helps to understand what's going on and to predict the future Thanks again
@noellaw3477
@noellaw3477 Жыл бұрын
Wow! This is a awesome presentation!
@7777wilson1
@7777wilson1 10 ай бұрын
Excellent presentation❣️God Bless you Prof Wolff... P.S...I'll hit up your website & sign up👍
@nevergivein-nevergiveup2u
@nevergivein-nevergiveup2u Жыл бұрын
Powerful insight as usual, professor.Thanks.
@livklopp2526
@livklopp2526 Жыл бұрын
prof. This is so meticulously spot on.
@barquerojuancarlos7253
@barquerojuancarlos7253 Жыл бұрын
i certainly hope European governments take time to reflect on their relationship with the US and begin thinking about the needs and wants of their own citizens
@profzvezdochkin5739
@profzvezdochkin5739 Жыл бұрын
Thank you for these words of wisdom. Signed up with pleasure!
@michaelt2397
@michaelt2397 Жыл бұрын
Outstanding commentary. I really enjoyed the perspectives presented. Thoughtful, well reasoned and provocative
@sivalir
@sivalir Жыл бұрын
Brilliant analysis as always from Prof Wolff; thank you very much
@bellybutton6138
@bellybutton6138 Жыл бұрын
I hope the world will work together to benefit mankind. Even if we cannot get along, there is no need to be enemies.
@dubjubs
@dubjubs Жыл бұрын
Sadly you have people in this comment section wishing America to fall and not even considering that American citizens don't even want this war either so honestly I feel it'll always be two sides fighting regardless of who's involved over things that we shouldn't care about. It's the Elites vs Citizens
@narendramurty5186
@narendramurty5186 Жыл бұрын
Thanks Dr Wolff. Had been a long time admirer of yours
@billtev9846
@billtev9846 Жыл бұрын
Panama belongs to Columbia it was stolen in 1905, please talk about this issue
@jrshield7793
@jrshield7793 Жыл бұрын
I agree with you Professor they did it out of habit, but they also did it out of venality in the form of cash stuffed envelopes and other goodies. What else could it possibly be ?
@ciararespect4296
@ciararespect4296 Жыл бұрын
Exactly. Uk top dogs selling the Uk people out. Even before they loved the oligarchs. Follow the money as usual
@KayyHong
@KayyHong Жыл бұрын
German automakers like BMW. Volkswagen and Benz would be in big trouble without the U.S. market and the Germans know it.
@emerdigiorgio3594
@emerdigiorgio3594 Жыл бұрын
@ BooBoo...Personal greed and betrayal.
@artemiovelaochaga2209
@artemiovelaochaga2209 Жыл бұрын
Thank you!!!
@leonbishop7404
@leonbishop7404 Жыл бұрын
these videos are great, but I strongly encourage everyone to rewatch them every set period of months, so you have more perspective on whether these assessments were correct and to what extent
@ibmoran
@ibmoran Жыл бұрын
Wonderful post!.....thank you!
@kjv444
@kjv444 Жыл бұрын
Excellent posting. Shared to my Twitter page
@Canelitapo
@Canelitapo Жыл бұрын
Thank you so much
@edgardogabrido5907
@edgardogabrido5907 Жыл бұрын
You are right of what you have said Sir. Thanks for sharing your thoughts and wisdom.
@dilipshah5882
@dilipshah5882 Жыл бұрын
Now Europe will be even more dependent on USA for energy. Times ahead are going to be very difficult for Europe
@ahmedbekri3125
@ahmedbekri3125 Жыл бұрын
Excellent analysis!!!
@ronalddippenaar2381
@ronalddippenaar2381 Жыл бұрын
Brilliant analysis professor Wolff.
@ngandosambalundula8183
@ngandosambalundula8183 Жыл бұрын
Thanx for your succinct, on the target brilliant summary of a complex situation!
@felipemasong3216
@felipemasong3216 Жыл бұрын
Yes. I totally agree with you sir. I have shared your video on my fb
@GaryHudsonsMusic
@GaryHudsonsMusic Жыл бұрын
Didn't Putin do the "miscalculation?:
@fairt.r5254
@fairt.r5254 Жыл бұрын
No he didn't. He did what he was supposed to do except he was more humane and never wanted a dead Ukrainian. He believed in humanity and presumed that the ruler in Ukraine would have at least an iota of respect to Ukrainian lives and so would agree to the Minsk treaty they signed. He ended up sacrificing his own soldiers before convincing himself of the savage nature of NATO.
@Who_Let_The_Dogs_Out_10-7
@Who_Let_The_Dogs_Out_10-7 Жыл бұрын
Thanks!
@orlandomass4553
@orlandomass4553 Жыл бұрын
Thank you very much. Your ideas are very clear and easy to undestand.
@mosespeace8786
@mosespeace8786 Жыл бұрын
You nailed it professor Wolf😂😂😢😅. Always On the money 🤑💰
@ariananewcombe7737
@ariananewcombe7737 Жыл бұрын
Excelent insights, Sir! Thank you for sharing them! I have just become a subscriber!
@nittos49perciste2
@nittos49perciste2 Жыл бұрын
Bravo ,spot on ,.
@MariaSerenaParadiso
@MariaSerenaParadiso Жыл бұрын
wow!!! what a true piece to analysis of the current geopolitical situation.
@Love.life.ashigzoya
@Love.life.ashigzoya Жыл бұрын
Very insightful of Dr Wolf Have shared chore thoughts on Ukraine . Thanks maj Gen IA
@criticalcookie2579
@criticalcookie2579 Жыл бұрын
As my dad always said, "You lie down with dogs, you get up with fleas".
@etbuch4873
@etbuch4873 Жыл бұрын
"dogs infested with fleas" only.
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