China Has to Make a HUGE Decision Now | Richard Wolff

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Thinkers Forum

Thinkers Forum

20 күн бұрын

#economy #neoliberalism #china #usa
Neoliberalism has allowed big American capital to profit enormously, but at the same time it has caused mass worker unemployment and economic collapse. Professor Richard Wolff points out that American politicians have found two scapegoats - immigrants and China - to divert attention from the real causes.

Пікірлер: 629
@magicsmurfy
@magicsmurfy 17 күн бұрын
China helped making a lot of Americans rich. Unfortunately, these richer people who got their wealth from China, did not share that money with the rest of the American people. That is the problem of United States.
@albertcadgame8314
@albertcadgame8314 16 күн бұрын
you can see the same thing about the universe - from the beginning everything is evenly spaced out in all direction of the universe. As time goes on, things become more concentrated becos of black hole pulling things into them. Things become more uneven. Same goes to the wealth of people around the world. More and more people are very very rich but only a small % of them while the rest is getting poorer and poorer. All things in the universe will become uneven. The only thing to balance this is that the super-rich do their part by giving back to the society so to make things more balance.
@magicsmurfy
@magicsmurfy 16 күн бұрын
@@albertcadgame8314 My point is, China does not owe USA anything. We have already paid you guys, but it's your own elites who are not dishing out his wealth back to the society. That is not our fault. Our people have been taken advantages out of already, so pls don't call us the Chinese people evil. We slave ourselves for the Americans so American kids could have a decent life. Now we are called the evil axis. That is not very fair to us.
@kokkintang9983
@kokkintang9983 15 күн бұрын
This how capitalism works in the US.
@user-sf1nq9uj7p
@user-sf1nq9uj7p 15 күн бұрын
Well, Ronald Reagan believed in "trickle-down economics" and promoted the enrichment of the wealthy 1% in the mistaken belief that the wealth will flow down to the rest and unfortunately, many bought into this sham. Trickle down economics never happened and will never happen. The greedy gets only greedier and nothing is ever enough - which is the real truth of the matter. "Reaganomics" was scam economics and only the wealthy believes in it.
@arthurlincoln9093
@arthurlincoln9093 8 күн бұрын
Its the other way around. We made some Chinese rich while 800m live on $140 a month and the old cannot afford to retire. How much do you think Xi Jinping and Vladimir Putin are worth as a result of relations with the free world? I can tell you. Billions. And you can be jailed in both countries for speculating about their fortunes.
@davidlee9493
@davidlee9493 18 күн бұрын
Having observed the mistakes of the U.S. Empire, China has no desire to repeat them.
@voonjanted5043
@voonjanted5043 18 күн бұрын
That is exactly what the US empire is scared off or fearful about --- to be colonized by China, but US fails to read China's mindset correctly, even if they are world No.1, they will never act the same way US acts now!
@popocucu4829
@popocucu4829 18 күн бұрын
China was on its way to destruction like US and EU until the government intervention. Many Chinese entities over leveraging....
@thechloromancer3310
@thechloromancer3310 17 күн бұрын
China also has its own traditions to guide them. Most Chinese dynasties are characterized by an inward focus. Their foreign policy was about placating foreigners and keeping the regional peace rather than going on geopolitical adventures.
@gapho5198
@gapho5198 17 күн бұрын
One would hope.
@snowlee-ml7rr
@snowlee-ml7rr 17 күн бұрын
@@thechloromancer3310 你对中国比较了解啊。远胜西方那些所谓的中国专家(不会中文,也没到过中国的专家……)……
@markc6140
@markc6140 18 күн бұрын
Sorry America blamed everyone for their predicaments but not themselves. Pathetic US lawmakers.
@theprophet489
@theprophet489 17 күн бұрын
Every other countries is a threat and an enemy to them at the same time they are seeing that the world is changing dramatically and they have become the enemy of the world 😂😂😂😂😂just love how God works 😂😂
@HarrySmith-hr2iv
@HarrySmith-hr2iv 15 күн бұрын
USA Law makers are controlled by AIPAC.
@charliecheng3340
@charliecheng3340 15 күн бұрын
Complete Paranoia
@user-sf1nq9uj7p
@user-sf1nq9uj7p 15 күн бұрын
@@charliecheng3340 Exactly what I have been saying for years. The U.S. sees a "bogey man; under every bed and every cupboard, waiting to leap out and attack them in their beds. Totally mental. Probably born from the days when they stole the land from the American natives and have been harbouring a guilt conscience that one day, the same may happen to themselves too!
@Howardlifts
@Howardlifts 9 күн бұрын
Typical boomers
@eman67rp
@eman67rp 18 күн бұрын
There were no technology theft by China, those were negotiated technology transfers. Old technology BTW. By the G7 in exchange for excess to cheap labor.
@inkbold8511
@inkbold8511 18 күн бұрын
It’s like asking factory to produce a product for them, they need to provide the damn schematic to the factory first or else factory doesn’t know what spec what you in the product.
@inkbold8511
@inkbold8511 18 күн бұрын
If technology was so easy to steal, then we would be seeing everyone in the world already knowing how to produces everything from nukes to missiles for moon landing in every country!!
@widodoakrom3938
@widodoakrom3938 18 күн бұрын
True
@woaishouju123
@woaishouju123 16 күн бұрын
China, a country with a population of 1.4 billion and an average IQ of 118, is unstoppable as long as it completes industrialization. So everything that is happening now is in line with objective laws.
@ZzXZ636
@ZzXZ636 15 күн бұрын
Well said
@andiy2521
@andiy2521 16 күн бұрын
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
@MaryLou5239
@MaryLou5239 4 күн бұрын
That's interesting. Thanks for the information
@112313
@112313 3 күн бұрын
Ming dynasty in the person of admiral zheng he made 7 voyages in huge gigantic ships numbering in the hundreds (around 300++) to various kingdoms and empires in south east asia to india to africa....and brought back tributes and exotic fruits ands animals....but he did not bring war to them...unlike the europeans.
@beamazed1162
@beamazed1162 Күн бұрын
@@MaryLou5239 1. There are not a large number of bronzes unearthed in Egypt. The latest archeology of the pyramids proves that they were built by construction workers, not slaves. Slaves could eat high-quality beef and be buried near the pyramids. 2. There is no history of bronzes in Europe. There are only a small amount of bronzes picked up from the water or bought from antique markets. In this way, it is impossible to do carbon 14 testing (compare Sanxingdui in China to see what bronzes can be carbon 14 tested), or natural copper products. Not smelting. 3. There is no astronomical calendar in Europe, so ancient Europeans did not know the exact time and could only roughly estimate a period of 6,000 years (there are many observatory sites in China, and there are no such sites in Europe. It takes hundreds or thousands of years of continuous observation and calculation , only through accumulation can we have a calendar. The history of civilization alone can be recorded to nearly 5,000 years, of which 3,000 years are not stories, but almost completely real history, verified by multiple evidences) 4. Europe does not have unified weights and measures, but China has unified weights and measures. It has been more than 2,000 years, and many measuring instruments have been unearthed in China. There is no unified weights and measures in Europe, so where can advanced arithmetic come from? 5. There is no writing in Europe that can record history. Language expressions are different in different places and in each period. The only writing in the world that has recorded history is Chinese characters, which are Chinese characters in China, Korea, Japan and Vietnam. Moreover, speaking and writing are separate modes, and the writing mode has not changed for thousands of years. Only in this way can history be recorded. Can anyone overturn the above points? If it cannot be overturned, then ancient Babylon (has any ordinary person obtained a cuneiform dictionary and translated the clay tablet text?), ancient Egypt, and ancient Greece are all stories. Can the stories be discussed as real things? Ancient Rome (in northern Arabia), which China called fulinguo (purum), was not called Rome (rum). It had a certain degree of civilization, but people in the Song Dynasty also thought that their technology was ordinary and crude (Sharaf al-Zamān Marvazī: "Tahā'l al -hayawan"), Europe is likely to rewrite this as the Roman Empire. If you look at the technology of China's Song Dynasty and the Sanxingdui ruins, you will know why. Note that the first steam engine-driven car also appeared in China, but it is a pity that the Ming Dynasty, the creator of civilization, had the technology stolen by the barbarian Manchus and European missionaries, and forged a false history. 6. If the Babylonian civilization was as great as described in the textbook, why was the writing still written on clay tablets? Why not use noble sheepskin? 7. There is no such grammatical dictionary for cuneiform writing. With the help of grammatical dictionaries, ordinary people can translate these clay tablets into modern writing. Without such a dictionary, they can make false claims at will.
@user-ig1kv2qx7z
@user-ig1kv2qx7z 5 сағат бұрын
Zheng he was muslim dude. Relearn your history. He wasn't chinese. He worked for the chinese
@beamazed1162
@beamazed1162 2 сағат бұрын
@@user-ig1kv2qx7z 1 Zheng He used Chinese technology, 2 Zheng He was an official of the Ming Dynasty , 3 China is a culture that allows for multiple religions, 4 Zheng He was Chinese, and 5 you've been brainwashed too much
@nedthumberland
@nedthumberland 18 күн бұрын
I don't think the Chinese are interested in that. Unlike the U.S., it is not focused on unbridled capitalism that serves only the greedy rich. They tend to choose "cooperation" over "domination" as they have learned from the Qing Dynasty and previous empires that "domination" doesn't last as long as "cooperation."
@jackcat3745
@jackcat3745 18 күн бұрын
The Manchuria, a Mongolian tribe established Qing Empire. The Manchuria ruled China for 300 years till 1911.
@jacksonzhang6938
@jacksonzhang6938 18 күн бұрын
​@@jackcat3745 Manchus are not Mongols, they are different ethnic groups and speak very different languages have different cultrures. Manchuria is a geographic location to the east of Monglia and in the northeast of China. Mongols established the Yuan Dynasty and Manchus established the Qing Dynasty. Between them is the Ming Dynasty. Yuan is solely governed by the Mongols, and Qing is governed by both Manchus and Han Chinese. Manchus also recognize them self as Chinese and the Qing Emperor called himself the Chinese Emperor.
@kaehlqin877
@kaehlqin877 17 күн бұрын
@@jackcat3745And? Copy pasting random wrong info from the internet, expressing no opinion whatsoever, cool vibe
@Thanatar13
@Thanatar13 17 күн бұрын
@@kaehlqin877 other than the "Mongolian tribe" bit they're not wrong tbh. The Chinese dynasties that were particularly aggressive, were Manchu (Qing) and Mongol (Yuan). Otherwise China has generally looked inward, and sought cooperation abroad. Look at the behavior of, say, the Chinese treasure fleets, vs. how Europeans behaved when they arrived in the Indian Ocean (or how they constantly behaved amongst themselves).
@bennyxu970
@bennyxu970 16 күн бұрын
That is an interesting point and a big difference. I heard someone stated, "In USA, the nation is a tool to make the market run well; In China, the market is a tool to make the nation run well.". That is quite true, that Chinese goverment is not interested in capitalism, the CCP prioritizes the target "common prosperity" as the first one.
@jparsit
@jparsit 18 күн бұрын
Dr. Richard is correct but more than half of Americans are asleep.
@Africanchild825
@Africanchild825 18 күн бұрын
Asleep, ignorant, arrogant and helpless.
@theblackdog2399
@theblackdog2399 18 күн бұрын
Far more Americans are not stupid like you.
@JD-yz4kr
@JD-yz4kr 18 күн бұрын
You cannot wake up people pretending to be asleep. Americans are willful participants in their government's deception.
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
dr Richard is an idiot
@user-ed9so2rb4k
@user-ed9so2rb4k 18 күн бұрын
"Stupid America" is a real indicator of the current scenario of that nation. It seems a joke but it is really the true reflection of the US education system which is overshadowed by the input of outsiders who are taking advantage of the powerful dollar! It seems her economy is based on basket ball, their version of football and golfing and of course her military might. Though Putin is putting the last item to a test!
@johnlaw6735
@johnlaw6735 18 күн бұрын
They ALL lied, just to increase revenue for themselves.
@boonteoh7240
@boonteoh7240 18 күн бұрын
Who doesn't, ask U Kissinger 😢
@user-qx2el4wh7i
@user-qx2el4wh7i 18 күн бұрын
If America lose power, every dark secret they've committed will be exposed to the entire world.
@petergreen5337
@petergreen5337 17 күн бұрын
Exactly
@tuber6382
@tuber6382 18 күн бұрын
Exactly. The US government and capitalism has failed the American people
@gregwang8628
@gregwang8628 18 күн бұрын
Individualism and US style capitalism both are the recipe for today’s chaos.
@inkbold8511
@inkbold8511 18 күн бұрын
IRS and Treasury have stolen everything from the tax payers
@remedytee
@remedytee 18 күн бұрын
What do you mean? The American people have benefited greatly for the longest time. Ongoing wars, unfair labour prices offshore, manipulation of the dollar / oil, monster profits on the stock market,... You mean... you never expected it to end and it's a pity it's a chapter about to be closed? There... corrected it for you.
@alexanderpo185
@alexanderpo185 18 күн бұрын
"...has failed the American people".. Bullshit! The American people failed themselves for being arrogantly complacent believing the world owe them a living!!
@remix-yy1hs
@remix-yy1hs 18 күн бұрын
Zionism screwed you
@xiaomingguo6826
@xiaomingguo6826 18 күн бұрын
In China, there is a saying that only socialism can save China. The same is true today: only socialism can save the US and the world. Common prosperity is socialism. Win-win cooperation in the international relationship will keep the world peaceful and prosperous.
@Luisarrietaso123
@Luisarrietaso123 18 күн бұрын
Wrong. China is a homogeneous society, so it works there. In diverse societies socialism does not work.
@horridohobbies
@horridohobbies 18 күн бұрын
@@Luisarrietaso123 Wrong. Socialism can work anywhere. It has nothing to do with diversity.
@choifayue9848
@choifayue9848 18 күн бұрын
@@Luisarrietaso123 Wrong. with 56 ethnicities China is more diverse than u think, if u have time go visit there have fun PEACE
@pabloandresmalverdesahd9081
@pabloandresmalverdesahd9081 18 күн бұрын
@@choifayue9848 exactly. Furthermore, many of them speak different dialects and don't understand each others. China is a continent in itself, in terms of territory size, diversity and population size.
@kaimanyu586
@kaimanyu586 18 күн бұрын
@@Luisarrietaso123 China has 56 ethnic groups and the reason why socialism works is because Chinese are united. It's not because of being homogeneous, it's because Chinese society doesnt emphasize individualism, instead it emphasizes the collective, this is because of the influence of Confucianism. China doesn't do identity politics like the West, because this will only divide the people... China is all about uniting people. The multi polar world is also a chinese idea. As you can see, it follows the same concept. Prosperity for all, and equality for all, no matter if you are a small or big nation... We all deserve the same, it's about the collective. This is rooted from Confucianism and Socialism. If you divide the people and tell everybody that they are special and put emphasize on, its all about what you as an individual want in life and don't care about what others think. It's all about the individual, everybody is special in the West... Yes, the West has this mentality, that's why socialism will never work....
@user-qd8yg1fp7i
@user-qd8yg1fp7i 18 күн бұрын
Study China's long history and u'll b enlightened. Kudos to this Prof tho.
@johnlaw6735
@johnlaw6735 18 күн бұрын
How can they call themselves intellectuals when they don't understand or see the whole picture?
@elianamckee
@elianamckee 18 күн бұрын
They are “Think Tank” experts.🤢🤮🤢
@JB52520
@JB52520 18 күн бұрын
Intellectual specialization can be quite isolating. No one has the time or memory to learn everything about everything. If people haven't had a chance to look into globalisation and China, and society feeds them a steady stream of lies, then it might not occur to them to investigate this one aspect of reality when they're so busy with another.
@chongdi6140
@chongdi6140 17 күн бұрын
Is not that the so-called intellectuals don't understand, they actually don't want to understand, get it?
@ExcitedDuck-ii5zx
@ExcitedDuck-ii5zx 17 күн бұрын
@@elianamckeeThink tank is really an oxymoron. A bunch of oxidized morons rusting away in the basement.
@ExcitedDuck-ii5zx
@ExcitedDuck-ii5zx 17 күн бұрын
@@JB52520They are really the manufacturers of lies. They think it up, and pass it onto the mass media, which feeds it to the people on the street.
@Whitfield369
@Whitfield369 18 күн бұрын
When the Chinese economy took off in the recent decades, you can see the ASEAN countries all followed. Today ALL of them have China as their biggest trading partner. They built the new railroad from China to Laos so Loas can export their agricultural products to the huge market in China, no longer just a poor land-locked country. That also helped Thailand to borrow the connection. The B&R has benefited all partners with the win-win opportunities, despite the smearing of "debt-trap", which had been debunked by many Western scholars and even media. But the American approach had been "providing security", thus military protection, which is more for our control over the world than to help the poor countries to get prosperous. That is what the differences are.
@SPECIALmouTH
@SPECIALmouTH 17 күн бұрын
don't forget united states of hypocrisy has slaves in ASEAN called pinoy the white wanna be.
@danlan3433
@danlan3433 16 күн бұрын
Except for the country name Ph. Sorry place.
@user-sf1nq9uj7p
@user-sf1nq9uj7p 15 күн бұрын
@@danlan3433 That place named "Ph" decided to make their bed with the Americans and will have to lay in it.
@user-sf1nq9uj7p
@user-sf1nq9uj7p 15 күн бұрын
The U.S. Americans are like some Chicago mobster boss with his standover men with machine guns and knuckle dusters, offering "protection" to all the businesses in his "turf".
@Whitfield369
@Whitfield369 15 күн бұрын
@@danlan3433you have to feel sorry for them. They are like a lost child clinging to a parent who doesn’t give much a shit about them. China is their biggest trading partner for their fruits, yet they bit the hand that feeds them. They have no need for military protection because the only wars are internal. It is just the Stockholm Syndrome at its best illustration.
@jimmylam1486
@jimmylam1486 18 күн бұрын
Right Professor! Multi-polar world. No hegemony.
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
he's only bipolar, not so multi-polar
@rickace132
@rickace132 18 күн бұрын
China will expand their empire, but not in the way were all familiar with. China will invest money all over the world, build better relationships and make a better life for themselves and for others.
@henriettasecker-shao
@henriettasecker-shao 18 күн бұрын
Yes!
@ExcitedDuck-ii5zx
@ExcitedDuck-ii5zx 17 күн бұрын
Not an empire, but relationships. Empire is parasitic but relationships are about give and take.
@andiy2521
@andiy2521 16 күн бұрын
About 600 years ago, Zheng He, the Chinese navigator of the Ming Dynasty, led a huge fleet on seven expeditions, passing through Malaysia, Singapore, the Strait of Malacca, and reaching India, the Red Sea, and the east coast of Africa. But what he brought with him was silk, pepper, and porcelain. , trading with countries along the way. About 100 years later, the Spanish navigator Columbus led a fleet to the American continent, but what he brought with him was war and killing. The nightmare of the Indians began.
@jozette-pierce
@jozette-pierce 16 күн бұрын
Well the ROTHSCHILDS own the Central bank of China, so expect endless war like in Europe under the ROTHSCHILDS. Wakeup
@tofdao
@tofdao 10 күн бұрын
所以中国至今仍得到来自丝绸之路和郑和的红利。 如果交易不公平,那就不可持续,就没有生意了。这在全世界每个国家每个村庄都是真理。
@gelinrefira
@gelinrefira 18 күн бұрын
When the western liberal system say it is all for freedom and economic growth, you should follow up with the question "Freedom for who? Economic growth for who?"
@user-jp7gk6pz5e
@user-jp7gk6pz5e 18 күн бұрын
Don't be fooled by the name of Western Liberal system. Democrat Liberals in Canada, Democrat Party in US, Western UK (Conservative or Labor parties). They are actually Left Liberals, with Woke Ideology. Communist Totalitarian in disguise.
@serriajohn
@serriajohn 18 күн бұрын
It is hard to believe that USA has a professor with fundamental knowledge about Karl Marx theory and the vision of world economy , surprising!
@dontaskmewhy100
@dontaskmewhy100 18 күн бұрын
There are still quite a lot Marxist intellectuals in the West but as usual being marginalized.
@elianamckee
@elianamckee 18 күн бұрын
He’s the best
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
@@elianamckee lol
@yu-jd5jg
@yu-jd5jg 18 күн бұрын
A new Chinese Empire? Certainly not, as the Chinese had left its Dynastic Era in China's long and well-recorded history. Beijing Leaders have repeatedly said in public and in private that China supports a Multipolar Multilateral no-boss peace-loving common-prosperity World for humanity with a shared future
@eveningchaos1
@eveningchaos1 18 күн бұрын
China has not fired a shot on foreign soil since 1979. They aren't a threat to world peace, and they have no intention of bogging their economy down in militarism like the US. They see that as folly and will use their soft power to secure economic alliances. They offer a much better deal to developing countries than their Western counterparts, by not tying aid with vulture capitalism like the US does. This kind of foreign policy is much more peaceful and sustainable. I will welcome this new age in global politics, once the US wanes into irrelevancy.
@ex0duzz
@ex0duzz 16 күн бұрын
I agree but when you really think about it, isn't it somewhat self contradictory or paradoxical to support "multipolar" world, but also no "bosses" like it's an equal world where no country throws its weight around or has greater say than others? Just take the word "multi-polar". It means multiple "poles". What are poles? They are the great powers, poles of power and strength and greater size and wealth and technology. Ie China, USA, and possibly EU but mainly those 3 since EU is not a country nor united. So in reality multipolar world has 3 bosses and 3 poles or spheres of influence. China claims it does not support creating or joining blocs or cliques etc, but even if China doesnt support or join, those weaker will naturally flock to China for protection or because they support China's vision of the world, and thus that can be considered a bloc or clique in itself even if we consider it a good one lol. It is similar to stuff like "NAM" or non aligned movement which historically was considered to be led by india. even in the UN itself where they have equality charters for humans, in reality we still have blocs or cliques known as "countries", and 5 countries have more rights than others like the 5 permanent security council members because while we can dream and support the idea that everyone is equal and every country is equal or should be equal, in reality every individual or country is different and each have their own level of power and strengths, and to ignore or not take advantage of this is detrimental for not just the individual, but the country or world itself. We can see it in the gender equality debates. Would a woman be suited to being brick layer? Should men and women compete together in the same sports? The women would just get destroyed 99.999% of the time. And so what is the alternative? Ban all competition and sports so it is fair? That would be a loss for the world imo if we were to ban sports or competition itself. War itself ja a competition at the end of the day.. and currently the highest level of war falls under "great power competition" which stays cold because of nukes and MAD. And because of that cliques and blocs form naturally around the "poles" so they can also hopefully be protected under the shadow of the poles which stand tall and cannot be attacked or destroyed easily. And ultimately, while china may claim that it's not a participant in any Great power competition, in reality it is. And imo they know the are and they are playing to win. They just have a different type of strategy, a higher form of warfare/competition which is not reliant on brute force or zero sum ideology or using strategies or tactics which hurt their enemy or opponent. Instead China wants to help their opponent to all win and develop together and live in a win win symbiotic relationship. This may not seem like it is a competition, but it is, because by definition great power competition is about achieving your goals at the end of the day, and the enemy or rival poles trying to achieve theirs. USAs and others goals are to dominate the world by force, to divide and conquer and ultimately get hegemony for their nation state and they can then dominate and continue playing the game forever. China's goal is to win the game and ultimately destroy the game as it's currently played in terms of nation states. That's what makes China different and special, and what makes people who know China support China and want to be part of this great movement or great ambitious goal. it will hopefully end all hot wars at the end of the day and end all exploitative and immoral or abuse relations that currently exist under the nation state system we have, and which China itself sees itself as or operates under. China sees itself as the "peoples party", and ultimately the "peoples country". Ie true democracy, which caters to and protects the majority which are usually the least powerful and most vulnerable. Most countries cannot even do this for their own people/country which is just one nation state, so fbey obviously won't be able to do it for the whole world and all nation states.. But the way I see it, China has already succeeded on a nation state level in China, and now they have moved into the next stage of the competition/game while everyone else is still stuck on the first stage. Most countries even uc they have passed stage 1 and solved their countries problems have done it using a short term strategy which in the long run means they can never go past stage two let alone finish the game. In the end they ultimately die or get defeated by someone else and this keeps getting repeated until today because we finally reached a point in the game where we got to the last stage.. with some poles which are so strong now that they can destroy everyone in the world multiple times over due to nukes. And so now this time it is everyone playing to win having bet the highest stakes but most have yet to figure out a way to progress and beat this final level of the game. I believe that china has figured out a winning strategy and is currently executing their strategy which took them from stage 1 to the last stage in only 70 years or so. I am confident that in another 70 or 100 years, we will have finally solved this game and no longer need to play or worry about stuff like wars between nation states.
@yu-jd5jg
@yu-jd5jg 16 күн бұрын
@@ex0duzz Hopefully, the future world will only have Dominant Countries but no more Dominating Countries or World Empires like for the past 500 hundred years
@vivalaleta
@vivalaleta 18 күн бұрын
Our government is full of fools.
@slimjim394
@slimjim394 18 күн бұрын
...and more fools as the days go by.
@jimmielin1141
@jimmielin1141 18 күн бұрын
They are not actually fools they know what they’re doing they are just pretending to be fools. Really good acting though.
@GavinQuan
@GavinQuan 17 күн бұрын
No. Most Americans are fools to be mislead.
@raymondpomfret4214
@raymondpomfret4214 16 күн бұрын
You mean maniacs
@ThomasOrtlaufpg
@ThomasOrtlaufpg 6 күн бұрын
..full of much too old, "blast from the past" politicians (would Trump leave the Paris Climate Agreement again??).
@Empireoflies1984
@Empireoflies1984 18 күн бұрын
Not in China/Chinese dna to invade and conquer another country. If it was in their dna, they would have invade and conquer Asia already. But they didn’t. You know who did invaded and conquered Some of the countries in Asia? It was the Anglo Saxon Empire.
@henriettasecker-shao
@henriettasecker-shao 18 күн бұрын
Oh so true. You have hit the nail on the head.
@davidguntoro72
@davidguntoro72 17 күн бұрын
Japan.
@kaehlqin877
@kaehlqin877 17 күн бұрын
@@davidguntoro72Japan were heavily influenced by European culture. In fact, that’s the only reason why they could develop fascism and invade China in WWII.
@Empireoflies1984
@Empireoflies1984 17 күн бұрын
@@davidguntoro72 what about Japan? That they keep invading China? And yes, They owe China some Chinese bloods. Japan is the only country on planet earth that should fear from existence. Not Israel in West Asia. All because it’s their past sins toward China.
@MegaCavatina
@MegaCavatina 17 күн бұрын
@@kaehlqin877Japan wanted to invade China several times. There’s even one Japanese version of history that says that the Japanese were the dominant force and China borrowed everything from the Japanese.
@Ace1000ks19751982
@Ace1000ks19751982 18 күн бұрын
China never really had a history of colonizing other countries. China had tributaries which they regularly traded with other countries.
@Zerpentsa6598
@Zerpentsa6598 18 күн бұрын
These "tributaries" in turn received protection from China, but hardly any political interference.
@PhiloSurfer
@PhiloSurfer 17 күн бұрын
They offered the emperor tributes, but they can bigger and better tributes in return.
@Ace1000ks19751982
@Ace1000ks19751982 17 күн бұрын
@@PhiloSurfer Exactly.
@vlhc4642
@vlhc4642 16 күн бұрын
China don't colonize, no, because China doesn't' mess with people who don't mess with China. But the other part of China that people tend to forget is, China also don't forgive, and China ALWAYS mess with people who mess with China. History has a long list of dead languages and cultures from groups who made the mistake of invading China.
@112313
@112313 5 күн бұрын
It is a very hard fact to accept....powerful as china was in ancient times, the chinese dynasties the. Often has to pay crushing tributes to the barbarian nomads to the north and west. The tributes (and sometimes hostage brides) were sent to prevent those same barbarians from raiding their border provinces and genociding entire villages/towns/cities to get the richest those chinese dynasties has accumulated.
@alexanderpo185
@alexanderpo185 18 күн бұрын
LOL!! Tariff is imposed to protect mediocrity and guarantee for our moribund industry just to carry on because we can't compete internationally!!
@charleskesner1302
@charleskesner1302 18 күн бұрын
It's always good to hear from Professor Wolff.
@henriettasecker-shao
@henriettasecker-shao 18 күн бұрын
Absolutely he is a gem.
@mmojave
@mmojave 17 күн бұрын
While the US entrepreneurs wanted more profits, so did the American workers, who wanted high wages. But the American competitiveness couldn't keep up with the desire of US entrepreneurs for higher profits. So if the US wants to keep those manufacturing jobs, they need to examine if they are still competitive vis-a-vis the rest of the world.
@songasalimsaleh1035
@songasalimsaleh1035 18 күн бұрын
*This is very CANDIDLY expressed!* *This is the beauty of having economic background, it makes you analysis things empirically!*
@antonykalawangi7538
@antonykalawangi7538 18 күн бұрын
Thank you so much Prof. Richard Wolff for sharing this insightful talk!
@mohammadinamullah9380
@mohammadinamullah9380 17 күн бұрын
Chaina has made a huge investment in qualitative and quantitative development of human resources.
@eymaslacker
@eymaslacker 18 күн бұрын
15:20 That requires the electorate to actually use their brains and not fall for simplistic "not you problem, is them bad" explanations so the answer is no. Democracy requires an educated electorate and educated means at the least, the ability to think though at this point, the USA not being a democracy is pretty obvious to everyone
@stevenlai1199
@stevenlai1199 13 күн бұрын
Jai hind
@EternalRocks
@EternalRocks 18 күн бұрын
Thank you Sir for being a truth bearer!
@edwardallan197
@edwardallan197 18 күн бұрын
I do not see a historical case for a Chinese " empire". There is more to defining a society than " large and successful". There is it's ideology. Conquest flows from Western ideology, not Chinese.
@gelinrefira
@gelinrefira 18 күн бұрын
LOL the Chinese will be the first to tell you why the heck will they want a global empire, they have enough problems at home.
@seawater1322
@seawater1322 18 күн бұрын
western ideology dominates because English is the lingua franca of the world.
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
yeah, the mongols, Arabs, ottomans, Inca, Persians, Japanese and many others never conquered anybody; go get some sleep, history is over your head
@seawater1322
@seawater1322 17 күн бұрын
@@bogdanpopescu1401 the age of empires through land conquest and colonising is long gone. You've been playing too may computer games.
@bogdanpopescu1401
@bogdanpopescu1401 17 күн бұрын
@@seawater1322 I don't play video games, sorry to disappoint; and your comment makes no sense as a reply to my reply to edewardalian197
@georgeqi602
@georgeqi602 18 күн бұрын
The CEOs make more than 400 times in salary than average workers.
@PhilipWong55
@PhilipWong55 18 күн бұрын
Each day, in every possible way, China is contributing to a better world. Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. Is this what success looks like in the world's richest country with the most expensive military? Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing inaffordability, homelessness, the opioid epidemic, and gun violence. Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order. Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.
@e-magineerAllThings2003
@e-magineerAllThings2003 18 күн бұрын
The US ruling class turns away from the advice of the founding father, George Washington in the farewell address, "The nation which indulges toward another an habitual hatred or an habitual fondness is in some degree a slave.”
@delir.6488
@delir.6488 9 күн бұрын
Professor I am glad you are here, explaining to the whole world 🌎 and telling the truth. Professor, what a horrible crime Washington committed with Julian Assange. His lost of 12 years in prison 😂😂😂
@swapansinha5717
@swapansinha5717 18 күн бұрын
Capitalism is making all the problems. American people should have started to learn about socialist government work .........
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
haha, keep dreaming comrade, someday it may come
@ExcitedDuck-ii5zx
@ExcitedDuck-ii5zx 17 күн бұрын
The US mass media have made the word”socialist” a dirty word. It’s a gateway word to the “C” word. 😂😂😂😂
@notme9816
@notme9816 15 күн бұрын
Nordic countries entering the chat.
@stevenlai1199
@stevenlai1199 13 күн бұрын
JAI HIND ​@@bogdanpopescu1401
@MaryLou5239
@MaryLou5239 4 күн бұрын
Thank you Mr.Wolff from Germany ❤ You are the only one who explaines the real roots for the desaster we are living in.
@JimmyDoyel-by2cp
@JimmyDoyel-by2cp 18 күн бұрын
can't be worse than the Zion-Saxon empire
@freetheworld2671
@freetheworld2671 16 күн бұрын
Badabing.
@delir.6488
@delir.6488 9 күн бұрын
Wauuu. Professor, you finally explained well the whole enchilada. I am an immigrant went to college in 1984; there were tons of foreigners students. Arabs countries, Japanese, Chinese, Asia etc.. I did two years of Business studies. I remember the year apple 🍎 moved all his factory to China; because the taxes in USA 🇺🇸 were to high. Workers demanding $35/hour. Then another company moved to China 🇨🇳 and on and on. I always knew that the lost of jobs in USA was because all of those companies moved out of USA. But the miserable News never blamed those USA companies. Instead Trump started an Economic war with China with Tariffs back in his first Presidency. I noticed that the country started to get worse. But never explained to the public the lack of jobs. And the Media and Government never blamed those industry companies, like Apple ( Steve Jobs) moving American jobs to China 🇨🇳 . The illegal Latinos were to blamed. And of course, you said it, the Chinese are to blame to 😂 New: Today, USA posted on the news that China 🇨🇳 is to blame for the ongoing war in Ukraine 🇺🇦. USA 🇺🇸 is always looking for a Scapegoat. A month ago a Senator from Texas said: “Mexico 🇲🇽 has to do what we want. AMLO replied “of course not”
@ZxZ239
@ZxZ239 17 күн бұрын
Good content, but I don't think the title is correct, China don't have to make any huge decision now, they have a long term plan and they are working on this plan to their benefit. US is the one that have to make a huge decision on how to run its policy from here forwth.
@sguser65
@sguser65 5 күн бұрын
the Chinese have a saying, if it is not mine, i don't want any of it, but if it mine, i won't let go of it, even an inch
@vlhc4642
@vlhc4642 16 күн бұрын
While China historically had little desire to be an expansionist empire, choosing to build the Great Wall and isolationist instead of exploring and colonizing distance lands. Another side of China that people tend to forget is, China has a long collective memory and China doesn't believe in forgiveness. While China did build the Great Wall, China also eventually annihilated every tribe they built the wall for.
@Leoq-zk6wt
@Leoq-zk6wt 17 күн бұрын
Partner, Chinese partners, just Partners! We like to be partners, treated like one, trusted like one, and working together like one. How bad is that? huh?
@dharmalearner7396
@dharmalearner7396 17 күн бұрын
Thank you Prof Wolff for this video. To be fair, the title is only click bait but that is not the main concern of mine. I am not a college graduate so I do not want to appear disrespectful to a professor, my question is China has a history of dominance in their sphere of the world. Being an American fed America information during my life, why would the Chinese government now become a leader of a community of nations. It appears they were the dominant player and would want to rise to that once again. Again my ignorance is part of my question. Thank you and watch your own channel often.
@HarrySmith-hr2iv
@HarrySmith-hr2iv 18 күн бұрын
We will have a new trading bloc which is formed from China+Russia+BRICs. And China will have a dominant role in its trading management. But it will not be an Empire. Empire is an outmoded word, more apt to describe past power blocs which ruled their Hegemony, eg Ancient Greek Empire, British Empire, Persian Empire. Ottoman (Turkish) Empire., Indian Hindu Empire et-al.
@gregorydessingue5625
@gregorydessingue5625 18 күн бұрын
Discovered Richard today, HUGE FAN
@henriettasecker-shao
@henriettasecker-shao 18 күн бұрын
So very glad you discovered Prof today. He will give you lots of truthful and eye-opening info.
@inkysteve
@inkysteve 17 күн бұрын
Ironic to hear Trump say "intellectual".
@shanemorrison9002
@shanemorrison9002 18 күн бұрын
Not an expert on Geo politics or Socialism ,only in to my 6th decade on this planet,so my Knowledge of humanity is very small.I understand this , When your major exports are Weapons, Sanctions, Political and Military Manipulation and occupation, America has no equal.China is no Angel and Im certain Individuals Crave Capitalism.CCP has many Faults,So Actions Speak, Hospitals, schools, libraries, Infrastructure and Sport Venues along With Museums ,and Civic centres well you decide what's the lesser of the two Evils!!!
@edelweis303
@edelweis303 16 күн бұрын
When it comes to Geopolitics, there are no angel or demon, no good or bad and no country in the world will work for free without fulfilling their own interests. There are only interests, so pick which one aligned the most intending to avoid World War and unnecessary nuclear armageddon.
@shanemorrison9002
@shanemorrison9002 16 күн бұрын
@@edelweis303 I don't agree there are good people who do bad, and Bad folks who can do good,It's not political it's choice.What good are the interests of a Nation that's detrimental to the World. My interest is in those I care about,are you interested in that too.Politics like Democracy can be manipulated by the few by deceiving the many.Armageddon as you say is in the Nature of People and happens everyday, everywhere in everyones life .
@dannydenison6253
@dannydenison6253 14 күн бұрын
Richard wolf has to be one of my go to economists
@kortyEdna825
@kortyEdna825 17 күн бұрын
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@brucemichelle5689.
@brucemichelle5689. 17 күн бұрын
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
@carssimplified2195
@carssimplified2195 17 күн бұрын
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
@KaurKhangura
@KaurKhangura 17 күн бұрын
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
@carssimplified2195
@carssimplified2195 17 күн бұрын
She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
@KaurKhangura
@KaurKhangura 17 күн бұрын
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
@organizer14
@organizer14 18 күн бұрын
Great points!!!
@mostbestjia627
@mostbestjia627 5 күн бұрын
It’s sad there’s no mention about trickle down economics in the 80s, 4 decades in, the trickle down did not happen
@saicheongko8198
@saicheongko8198 16 күн бұрын
Good to get reminded that the South Western States of the U.S. originally belongs to Mexical. So, these people are merely coming home.
@user-sf1nq9uj7p
@user-sf1nq9uj7p 15 күн бұрын
Those states were ceded to the U.S. by war - which the Spanish and the Mexicans lost. What belonged to someone but was lost cannot be returned as the ORIGINAL inhabitants of those lands that were owned by the Spanish and Mexicans also used to belong to the native indigenous people - the Paiutes, the Karoks, the Maidus, the Cahuillenos, the Mojaves, the Pomos, Yokuts, the Modocs, the Kiowas, the comanches, the Apaches, the Karankawas, the Caddos and the Wichitas. Should those states be returned to those rightful original owners? Or what of Hawaii - which was actually illegally taken over by the U.S. and in which there has been a growing chorus of voices from Hawaiians demonstrating for their independence? History is not fair or equitable. It is a harsh recorder of man's inhumanity to man and in which, the records are often written or re-written by the victors.
@ruorick
@ruorick 3 күн бұрын
Any empire of any kind is never a good thing.
@adrianreyes2318
@adrianreyes2318 2 күн бұрын
I wish Wolf had gone into more detail about what a "genuine" multi polar world looked like
@jackchiu7560
@jackchiu7560 18 күн бұрын
In May 2015, Xi Jinping, new to the helm as President of the PRC since March 2013, told visiting U.S. Secretary of State John Kerry in Beijing that "The broad Pacific Ocean is vast enough to embrace both China and the United States." Also in May 2015, China announced its "Made in China 2025" initiative under its 10-year plan to upgrade China's manufacturing base to reach the status of an advanced economy. And in his state visit to the U.S.A. in June 2017, Xi once again mentioned he still believes that "the vast Pacific Ocean has enough space for the two large countries of China and the United States" in front of Barack Obama. Unfortunately, American media soon after trumped up the charge that "Made in China 2025" is a threat to global trade and everything went downward ever since. China pushed on with the initiative and purchased all the components and chips and equipment and materials it needs in the misplaced belief (and somewhat naivety) in much heralded "free trade" and "fair competition" by the West. "A thief believes everyone steal" is an axiom that accurately describes the mentality of the U.S. that believes China plans to subvert America and to steal the crown of "leader of the world" from them. Things went from bad to worse ever since, with Trump's trade war and Biden's decoupling efforts to try to contain the Chinese nation. Who else to blame but the U.S. itself? In hindsight, China should show appreciation to contemporary U.S. goverments from Barack Obama to Donald Trump and Joe Biden for waking up all Chinese to reality and working hard to achieve self-sufficiency in everything it needs -- one more time, everything it needs.
@kmich7660
@kmich7660 17 күн бұрын
Watches your program often as it provides an honest assessment of every topic discussed. US politicians are covering up the information that many critical US government departments, especially the Pentagon, are asking waivers and getting them for permits to buy sanctioned Chinese products, without which they can't work. Yet the commoners aren't allowed to buy a cheap quality phone from China.
@beamazed1162
@beamazed1162 Күн бұрын
1. There are not a large number of bronzes unearthed in Egypt. The latest archeology of the pyramids proves that they were built by construction workers, not slaves. Slaves could eat high-quality beef and be buried near the pyramids. 2. There is no history of bronzes in Europe. There are only a small amount of bronzes picked up from the water or bought from antique markets. In this way, it is impossible to do carbon 14 testing (compare Sanxingdui in China to see what bronzes can be carbon 14 tested), or natural copper products. Not smelting. 3. There is no astronomical calendar in Europe, so ancient Europeans did not know the exact time and could only roughly estimate a period of 6,000 years (there are many observatory sites in China, and there are no such sites in Europe. It takes hundreds or thousands of years of continuous observation and calculation , only through accumulation can we have a calendar. The history of civilization alone can be recorded to nearly 5,000 years, of which 3,000 years are not stories, but almost completely real history, verified by multiple evidences) 4. Europe does not have unified weights and measures, but China has unified weights and measures. It has been more than 2,000 years, and many measuring instruments have been unearthed in China. There is no unified weights and measures in Europe, so where can advanced arithmetic come from? 5. There is no writing in Europe that can record history. Language expressions are different in different places and in each period. The only writing in the world that has recorded history is Chinese characters, which are Chinese characters in China, Korea, Japan and Vietnam. Moreover, speaking and writing are separate modes, and the writing mode has not changed for thousands of years. Only in this way can history be recorded. Can anyone overturn the above points? If it cannot be overturned, then ancient Babylon (has any ordinary person obtained a cuneiform dictionary and translated the clay tablet text?), ancient Egypt, and ancient Greece are all stories. Can the stories be discussed as real things? Ancient Rome (in northern Arabia), which China called fulinguo (purum), was not called Rome (rum). It had a certain degree of civilization, but people in the Song Dynasty also thought that their technology was ordinary and crude (Sharaf al-Zamān Marvazī: "Tahā'l al -hayawan"), Europe is likely to rewrite this as the Roman Empire. If you look at the technology of China's Song Dynasty and the Sanxingdui ruins, you will know why. Note that the first steam engine-driven car also appeared in China, but it is a pity that the Ming Dynasty, the creator of civilization, had the technology stolen by the barbarian Manchus and European missionaries, and forged a false history. 6. If the Babylonian civilization was as great as described in the textbook, why was the writing still written on clay tablets? Why not use noble sheepskin? 7. There is no such grammatical dictionary for cuneiform writing. With the help of grammatical dictionaries, ordinary people can translate these clay tablets into modern writing. Without such a dictionary, they can make false claims at will.
@alliswell3711
@alliswell3711 18 күн бұрын
What do the governments of America and European Union think about the progress of the farmers there?
@peterlim1972
@peterlim1972 18 күн бұрын
China's 5000 years history even when they were the world's largest economy have shown that the Chinese have never and will never be interested in being an empire like the US and European countries. Till today the Chinese have shown that they're a mercantile country that's only interested in trading which is a win-win for countries involved.
@axli13
@axli13 18 күн бұрын
Well said as that is the truth that we are unable to fathom and accept
@user-gl2wu2fs8h
@user-gl2wu2fs8h 17 күн бұрын
No thanks! China is a big country and is happy in making sure that 1.4 billion Chinese are taken care at home. China is the oldest continuous Civilization on Earth. Historical evidence abounds. China has never been a colonizer even when it was at its pinnacle of prosperity and power spanning thousands of years. China is knowledgeable about History and deplores colonialism and imperialism overseas sustained by military aggression and exploitative capitalism. There's enough destruction of peace and harmony perpetuated over centuries by the Ottoman , Roman, British Empires as well as the declining American Empire . China doesn't want to repeat this dark History against Humanity.
@trulyso734
@trulyso734 16 күн бұрын
Im afraid they might be pulled by any of the mentioned empires though. Will just see how all this plays out. Wars and rumours of war tensions still beating about separate to the trade aspects
@rileex
@rileex 5 күн бұрын
this clip is by far the most comprehensive discussion in YT of the status quo of the world economy we are in now, thank you sir for the ingsightful and enlightening speech
@ronaldphoong
@ronaldphoong 18 күн бұрын
Very likely it will be a multipolar world. China knows that people are different and each have their unique or culture ways which should not be changed. To see that, their own people has to be the ones to run their country, not China.
@TimYong2
@TimYong2 9 күн бұрын
How exactly does letting thousands of "migrants" into the US benefit Americans and the country as a whole? Besides cheap labor which benefits the businesses.
@KokHow-dr8jm
@KokHow-dr8jm 18 күн бұрын
TQ Prof. Richard Wolff for a good lecture and hope the majority of US citizens wake up to realities.
@inktownfishing4505
@inktownfishing4505 18 күн бұрын
Well said and explained. Thank you Mr. Wolff.
@tonylam5322
@tonylam5322 18 күн бұрын
Well said, Sir.
@voice4voicelessKrzysiek
@voice4voicelessKrzysiek 17 күн бұрын
It's a conundrum. Allow the Chinese to flood the market with cheap products and thus improve the lives of the poorest but at the same time cause American companies to go bankrupt and hurt some part of the population or impose tariffs and tax the poorest. There must be some middle ground but I have no idea where that middle ground is.
@Glumclam
@Glumclam 17 күн бұрын
It’s right in front of your face, it’s called socialism.
@arbpaninken6719
@arbpaninken6719 16 күн бұрын
The solution is quite simple. Much higher taxes on corporations and the richest 10%, both of whom have been draining the tank for the past 40 years.
@voice4voicelessKrzysiek
@voice4voicelessKrzysiek 16 күн бұрын
@@arbpaninken6719 What about tariffs?
@arbpaninken6719
@arbpaninken6719 16 күн бұрын
@@voice4voicelessKrzysiek Limited tariffs to protect some markets may be necessary. But tariffs on Chinese EVs for example does not benefit the American people. BYD in the US market without protectionist gov intervention would promote fierce competition, Ford, Toyota etc would be forced to lower prices and the consumer would benefit. As it is, as Prof Wolff here explains, the consumer pays for the tariffs not the Chinese, and electric cars don't get any cheaper.
@voice4voicelessKrzysiek
@voice4voicelessKrzysiek 16 күн бұрын
@@arbpaninken6719 So the question is: how much tariffs is too much? In my mind the 100% biden's tariffs are ridiculous.
@ZincFold
@ZincFold 18 күн бұрын
The Chinese understand full well that when you help your customers to become wealthy, they can afford to buy more of your products. 😂 They are all about cooperation and win, win situations not domination.
@user-oq7dl1co2u
@user-oq7dl1co2u 2 күн бұрын
Americans have their own aristocracy, I like to see people working honestly instead of holding wine glasses like vampires.
@Gustav641
@Gustav641 14 күн бұрын
There is a simple saying that fits in this, and it goes like this, 'this is how it is, even if it looks like it' Yes, China was very successful in that process. Gained know-how that way, and raised its masses from poverty. China got the factories, and the west was left with money printing. I would definitely choose those factories and skills that come with it over the ability to print money.
@williamwilliam
@williamwilliam 16 күн бұрын
History has shown that if China is an expansionist nation, they would have done that when they were the most powerful nation in, at least, the Asia Pacific region especially during the early Ming dynasty (1368-1644), they would have done that.
@user-kq5ph8np9p
@user-kq5ph8np9p 18 күн бұрын
For quite some years, China has been advocating "Building a community with a shared future for mankind." Brics may be such a structure.
@johnlay3040
@johnlay3040 18 күн бұрын
What they have now is an empire. It is called Tsung Kuo, Central Country (or Middle Kingdom as commonly translated). I don't think they want to expand it like the Roman, Ottoman, British, American, or Japanese hegemony style, as it is detested. So it is highly unlikely they will copy it. However, I think they would like to lead for the betterment of the world.
@andiy2521
@andiy2521 16 күн бұрын
I don't think China is interested in leading the world, because 600 years ago Zheng He, a Chinese Ming Dynasty navigator, led ships from the Pacific to the Indian Ocean just to trade with countries. The Chinese only want to engage in trade and are not interested in leading the world.
@srinigypsy
@srinigypsy 5 күн бұрын
Trump warned about this exact scenario in 1980s interviews and was dismissed. So did Ross Perot in 1990s
@hoongchen8103
@hoongchen8103 17 күн бұрын
China is great
@HarryMonn
@HarryMonn 16 күн бұрын
If cheap goods come at the expense of no well paying jobs, I'd rather have the jobs.
@jotai99
@jotai99 18 күн бұрын
The problem with short people, is that they can't reach higher. The problem with short-sightedness is that they can't see beyond a distance. China have the chance to rule the world but they didn't in the past. The European in contrast, remove other people and took their land, this might be great for a while but will not be sustainable over time. China have no such intention historically speaking for what ever reasons. Will the China today develop such ambition? Hopefully not, cause if they do, they will be just another Empire and will fall in the future.
@philipyaukeechui9810
@philipyaukeechui9810 18 күн бұрын
The top philosophy of Chinese civilization is Da Tong (universal harmony) or (greatest harmony). Only an empire build on Da Tong can last long. Because it's for the good of the people. Rulers are just workers for achieving this target.
@user-it8ps1yv3u
@user-it8ps1yv3u 17 күн бұрын
To say there is no theft is incorrect! Look into the matter on you tube and federal investigations, and lawsuit’s levied at Chinese companies
@ralphzoombeenie2330
@ralphzoombeenie2330 17 күн бұрын
China is the future and has no present interest in an empire. I returned a week ago and found the Chinese people generally happier than Americans and Europeans. Their socialist system (communist only in name) works well led by well educated professional people who spend their time governing for the people not fund raising or entertaining lobbists. China has efficiency and high productivity, it has not wasted resources on wars but invested in education, R&D,and infrastructure decades ahead of the US which benefits industry and the people.. Public transport is on another level ,housing and healthcare affordable. US companies established in China seem to be well accepted and profitable. The US needs to learn from China and co-operate rather than trying to hold back development.
@ssake1_IAL_Research
@ssake1_IAL_Research 3 күн бұрын
Thank you for very clear explanation.
@NightnDay402
@NightnDay402 6 күн бұрын
Hopefully, US Politicians listen to Prof. Wolff’s Lectures.
@alykkw
@alykkw 17 күн бұрын
The money does not go to China, it goes to the multinational corporations, which are actually mostly owned by the Jews. It is the Jews that are profited by Globalization. There was a saying in China that for goods sold USD100 in US, Chinese factories are only earning one US Dollar. I used to work in a Boston based multinational corporation that moved its factory from US to UK, then to Belgium, then to Italy, then to Hong Kong, and finally to China. The cost of manufacturing was decreased from USD350 per ton in Belgium to USD250 per ton in Hong Kong, and finally to USD150 per ton in China. And out of the USD150 per ton production cost, more than half are raw material imported to China, China only earns a very small fraction. But the selling price to the Western world remained the same throughout the years, in fact increasing steady with inflation rate. The money did not go to China, it just goes to the Jews. The enemy of the American people is not China. It is the Jews.
@HashimHashim-dg2yk
@HashimHashim-dg2yk 17 күн бұрын
GOD CHOSEN RACE IS SEMITIC ,JEW & ARAB SONS OF PROPHET ABRAHAM. JEW IS RICH BCUS LENDING & INTEREST RATE IS 2 % PER MONTH? ARAB IS LUCKY HAVING OIL & THEIR INTEREST RATE 2.5 % PER YEAR?
@summerchina6568
@summerchina6568 17 күн бұрын
The sad state of US democracy is to get elected is not about helping ordinary citizens but rather pleasing special interest groups that have the ability organize minority groups to elect or kick out candidates based on narrowly defined political agenda. This is not a government of the people, by the people, for the people. China on the other hand is an autocracy that does not have to please any special interest groups and their ability to stay in power permanently relies entirely on their ability to please the majority. What an irony. The end result is clear for everyone to see. Just to visit China and US. See for yourself how the lives of ordinary citizens in each country , especially those in the middle to lower income groups. Ask around whether their lives have been better or worse in the past 5 to 10 years. The verdict is quite clear.
@hsingchen5141
@hsingchen5141 18 күн бұрын
Such a great video with hope for a better and peaceful world for humankind.
@bogdanpopescu1401
@bogdanpopescu1401 18 күн бұрын
sure
@futuresmkt
@futuresmkt 18 күн бұрын
Discuss the existential economic rationale of Capitalism and how it intersected with, "democracy" over the last 100 years in the Western hemisphere.
@Angeprof
@Angeprof 6 күн бұрын
But isn’t protectionism and nativism the default political strategy used by the US when the economy isn’t fairing well? There could be another strategies for the increase traffic of immigrants. The tariffs is a punishment on the Chinese for succeeding and the American people for not being able to afford more than what China produces.
@kanpakloykan7105
@kanpakloykan7105 16 күн бұрын
Not chinese empire but a chinese legacy
@steventan2550
@steventan2550 16 күн бұрын
Me too, Prof Wolff.
@112313
@112313 5 күн бұрын
When chinese immigrants to the beautiful country in the 1800s....they helped built the extensive transcontinental railroad....but they were left out in the final connection photos...and were not mentioned in their commemoration. So many chinese wanted to go to the beautiful country to help it grow, that the government of the day got so bloody scared of them that they enacted the Chinese exclusion act of 1882(???). Therefore i would say that the american racist hatred of the chinese gpes back centuries...
@MaryLou5239
@MaryLou5239 4 күн бұрын
The low wages in the west are only possible because of the cheap chinese imported things. Otherwise the companies had to pay more to workers
@livondiramerian6999
@livondiramerian6999 17 күн бұрын
All history has been based on profits, but profits come with dire consequences which are loses for the majority. Profit is an inhuman attitude towards others, it's based on hatred towards others, only love could establish a fairer societies. Hate is a sickness that will destroy the hater.
@user-rk9it9hz6g
@user-rk9it9hz6g 2 күн бұрын
China already is an empire... Tibet, Southern Mongolia, Xinjiang... A genuinely multi polar world? Led by a country which believed and wishes to revive Tianxia? OK
@michaelleong100
@michaelleong100 16 күн бұрын
China only need to progress in their own pace while strengthening themselves militarly. there is no hurry to do anything drastic
@alexlau777
@alexlau777 18 күн бұрын
China has the most KFCs in the world
@baunguyen2270
@baunguyen2270 12 күн бұрын
Professor Wolff… what a powerful message. One of the brightest man I’ve ever have the honor to watch. So so so incredibly grateful to your teachings
@Retsler54
@Retsler54 12 күн бұрын
Listen to all of this. I remember these promises of economic growth and more wealth as a result of de regulations of finance, lower taxes and above all, the membership into the EU. Nothing has worked. I experienced top wealth when I was a child, the 1970s, and when I was a teenager in the 1980s. Since then / decline, worsening decline / Sweden
@ojjocson7018
@ojjocson7018 18 күн бұрын
Well said👍
@tiagoleal-toledo9262
@tiagoleal-toledo9262 18 күн бұрын
Great talk as usual
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