The Dangers of a U.S. - China Cold War - Richard D Wolff

Prof Wolff explains how the U.S. political decision to ratchet up nationalist and anti-communist sentiments against China is dangerous for both country's economies and more. Can we learn from historical examples about the dangers of initiating conflict and the benefits of keeping a positive trade relationship?
“It is my hope that we do not let petty political calculations of scapegoat artists like Mr. Trump, and like Mr. Biden sometimes threatens to become, undo a cooperative mechanism.” - Richard D Wolff
This is a clip from the lecture "The Challenge of China [July 2021]." In the full lecture, Prof Wolff discusses the following topics:
1. China’s Economic Growth since its Revolution (1949)
2. China’s Economic “Model” and the Global Economy
3. China, Capitalism, and Socialism
4. China versus the US: Options versus Threats
Watch the full lecture: • Global Capitalism: The...
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“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
- Richard D. Wolff

[@lttan2867]

When a country economy were built around military supremacy, the last word they want to hear is peace.

[@sonofgreatsteppes9497]

Or rather, the last word they utter is peace

[@sonofgreatsteppes9497]

@soul reaver Military can be a great deterrent and thus guardian of peace, but should you take it to extreme you can cause the other sides to become paranoiacal and militarise themselves. It is actually good that there are bases in the Oceania 'cause later they can be converted to airports and naval ports but if you're to out right build them in the territories very close to your potential rival this will not make them more complaint but oppositely more resistant and aggressive. China feels the breath of the Age of Humiliation behind its back, and it doesn't want that. Either way it's not good that both sides are militarising and can't find peace right now and incthe future. Or this might be the so-called "kick in the balls" for them who knows.

[@sonofgreatsteppes9497]

@soul reaver What? I don't understand. How am I making KZbin delete comments?

[@mohmoony3918]

US' biggest export for the last 70 years straight has been death & destruction. All empires fall, the US is no different.

[@randybest9187]

@@mohmoony3918 You are 100% right. Now all we export is Boeing aircraft, GMO soy beans and war.

[@saraman1231]

All I can say is that Sir you’re a great human being, a great American. So is Mr. Jeffrey Sachs. I could attend lectures from you two with no loss of attention for hours and hours! Always leave away wiser every time I watch your videos. Hopefully more and people , especially Americans will be watching you and benefit from your immense wisdom and knowledge.

[@mottscottison6943]

Jeffrey Sachs conned the Russians by advising them to adopt shock therapy post Soviet era. Almost wiped clean by Wall Street in instance. Don't be fooled by him being 'reasonable' at the moment.

[@keithmoschetto3566]

This guy promotes Marxism. I suggest he retire in Cuba and have a great life. Remember that if you make money from your book it will go to the corrupt. Stop spreading your lies!

[@mottscottison6943]

@@keithmoschetto3566 What's wrong with Marxism? So you are making fun of Cuba being poor after sanctioned and blockaded by the US since 1960s?

[@staatsfeindlich9939]

@@keithmoschetto3566 You mean Cuba, where everyone gets healthcare and free education, nearly eliminated illiteracy and increased life expectancy despite the insane brutal US blockade? Whose leader we tried to assassinate hundreds of times? You mean the same Cuba that faced invasion by the US on multiple occasions? The country that sends doctors to other nations while we send bombs and drones? You mean the country with some of the happiest on earth? Sounds like an idea. But another option would be to make our country better

[@keithmoschetto3566]

@@mottscottison6943 I suggest that everyone that likes Cuba move there where doctors are paid 80 dollars per month. A taxi driver in the tourist area can make 80 dollars per day. That's messed up!

[@zoomzoom3950]

To see reality: Look at the locations of all the US military bases and military exercises near China and Russia; now, look at all the Chinese and Russian military bases and military exercises near the USA. Notice any difference? Who's the aggressor? Imagine if Russia and China held joint naval exercises in the North Sea and Gulf of Mexico. How would that be different from US and UK actions?

[@Clusterboy]

We are very provocative. Ukraine is an example. The threat to bring them into NATO more than justifies Putin response. We are responsible for the loss of Crimea. If I thrust my angry pit bull at your loins would you blame the doggy?

[@zoomzoom3950]

@@Clusterboy Crimea was part of Russia long before Stalin combined it with Ukraine to simplify rule and administration. Crimea is where it belongs, in Russia. Hong Kong and Taiwan are China, and have been long before the UK and US even existed.

[@transsylvanian9100]

@@zoomzoom3950 Ukraine was also part of Russia, they even speak the same language, with minor dialectal differences.

[@zoomzoom3950]

@@transsylvanian9100 yes, but Crimea annexation (1783) pre-dated that of Ukraine. Georgia also was part of the Tsarist Russia. In 1954 Crimea was transferred from Soviet Russia to Soviet Ukraine in an administrative move.

[@maxwell4431]

@@zoomzoom3950 Taiwan has been self-ruling by the defeated government of China before PLA came on the scene...so sure it has that Chinese history but it has never been ruled by this current government of mainland China. good to make a bit of nuanced distinction here.

[@ShianTan1]

When your enemy is making mistake, don’t interrupt them. - Sun Tze

[@shemirama1408]

Explain that to our new woke narcistic metro-sexual non-nationalistic generation - by the time you do, they'll be kicking themselves in their 40yr old Chinese colonized asses screaming something about freedom from tech surveillance. 🙄

[@patrickmccormack4318]

Who was Sun Tzu? We think he was the man behind the philosophy for The Art of War. Ironic that a man, who may or may not have been, had an acumen for business. If that wisdom/philosophy is relevant, what can be said about the relevance of Might Is Right, by Arthur Desmond. He did exist. He was the author of Might Is Right. He may or may not have been successful. If he was successful, for what? Is the philosophy of either Arthur Desmond or Sun Tzu...model of good-n-wholesome business. Personally, I follow the philosophy of Malcolm Reynolds, the captain of Serenity. Fictional characters allow us to mishmash the good-n-wholesome of anything and everything, especially during times when we send ourselves on The-Quest-for-Identity. Take care. "I aim to misbehave" - Malcolm Reynolds kzbin.info/www/bejne/Z4e1ZHSsbtaZkMU

[@charlesballiet7074]

Read Unrestricted Warfare to see the war. Read The Naked Communist to see the plan. Read Unmasked to understand the domestic enemies. Read Covid-19: The Great Reset, to understand 2019 - 2023 - no matter who you are, or where you live.

[@shemirama1408]

@@charlesballiet7074 Ahh .. yes, "The Great Reset" - Schwab's, now, infamous battle cry, *"You will own nothing but share everything,"* has awakened every socialist fascist Marxist nut jobs out of the woodworks - celebrating w/ mock guillotines, knocking down statues, burning businesses n churches thru their Lord of the Flies gen Z's - while they write NYT OP Eds "There Is No Good Reason You Should Have to Be a Citizen to Vote." This to the bafflement of newly naturalized immigrants who left everything behind to come to the land of milk n honey - saying, 'wait, wha jus happen!?' I always answer - surprise suckers!

[@theredbar-cross8515]

That was Napoleon.

[@aetnat0k1y0]

Dr. Wolff, you are a scholar and a gentleman!

[@heronimousbrapson863]

A cold war with China would be disastrous for the US. In the cold war of the sixties with the Soviet Union, the US didn't depend on the eastern bloc. Today, their economic dependence on China is too great for anything good to come out of any hostile sentiment.

[@earlgibbs7083]

Nuclear war would guarantee the extinction of most life on earth.

[@yungng1864]

@@earlgibbs7083 Sadly we are constantly pushing the bear and the dragon. Like you said any miscalculation will end most life on earth. We wasted over $2,000,000,000,000.00 in 20 years in Afghanistan.

[@popasmurf6834]

cold war is also just an excuse to spend more in weapons/military how else would you justify a trilion dollar budget for the defence industry if there was no war at all

[@madelines4911]

Well said.

[@user-th2lx3wl6s]

McDonald's, KFC, BurgerKing, Starbucks, Apple, Cocacola, pepsi,Volkswagen,Nike,Adidas...etc. These big companies are making a lot of money from China, but the federal and state governments are not putting their good finances to right use for Americans. We also fought pointless wars for decades and President George W. Bush brought one of the world's largest economies into the fxcking wars in middle east, and so did Obama. This is why we got here today. According to the latest Chinese poll data, more than 70% of Chinese people hate the Biden administration, which is 10 percentage points higher than the Trump administration, suggesting that Chinese people will stand with their government. Don't confuse Pompeo's lies, the number of Chinese who oppose the CCP is probably not more than a million.

[@Coracora-he9pz]

I would guess it’s more than a million, based on how many people they have, but I definitely agree with you on the fact that they probably have a lot of support and not much real opposition.

[@rmac101]

Thank you to Prof. Wolf for giving us the brilliant insights.

[@963TshirtsAndClothing]

China owns roughly 1.095 trillion dollars in US debt (China bailed out the US after 2008/2009 finacial crisis). Fill the blanks as Professor Wolff says!

[@ElBandito]

Whatever happens, the common people on both sides will suffer the most.

[@Clusterboy]

@martinofkg If not for its leaders the world would be at peace. Explore Rwanda history for a vivid example. We all know re Vietnam and Iraq.

[@gunthervonhoffman6453]

@martinofkg Well, to be fair, if the prior rulers of China from the various emperors to the Kuomintang Party had taken care of its people properly, there wouldn't have been so many revolts against social, economic, and political inequality in the country, you wouldn't have a large Chinese population overseas fleeing the country after all those revolts, and the Kuomintang Party wouldn't be stuck on Taiwan since the end of 1949

[@ivanho7268]

US had won the cold war on USSR and Russia, that give US the confident to embark the next cold war on China. But US may have underestimate the position of China who is very different from USSR or Russia. Embarking cold war on China is draining US's energies and resources, but choose to work with China will bring numerous merits to US. But sadly US politicians had chosen confrontation which may lead to dire consequences.

[@ristekostadinov2820]

How will you fight China when they have penetrated literaly the whole world's market, USSR didn't have chance to grow because many of the capitalist countries were puppets to the US and didn't bothered having trade deals with the soviets. Now you have China who is producer probably over 50% of the clothing world wide, at least 20% of the semiconductor industry, LED panels, BYD and CATL are the biggest producers of car batteries in the world.

[@ivanho7268]

@@ristekostadinov2820 well said. China is not perfect, but US do have genuine domestic challenges, hence without strong domestic strength, wedging war on China will risk hurting US more than China. Though the whole world will head into serious instability, and a big lost for mankind as all are supposedly to focus in preventing a climate change disasters.

[@Clusterboy]

I don’t think we prevailed re Russia. They are hacking us to death and we have no defense, no clue as how to respond. And if these two don’t explain, we have no backbone. A cooperative China relationship will neutralize Russia. Just as the Arab states, Russia is incapable of democracy, just as I am incapable of an Olympic gold medal.

[@thewickedwitchofse8998]

@@Clusterboy What was that blibber about? SMFH, you are also incapable of reading books apparently, you might want to work on that.

[@walentystankiewicz8486]

@@ivanho7268 If China is not perfect , but try to do their best for the people of China and people around the world who like peaceful coexistence.

[@michael511128]

"When war is business, peace is enemy", someone said.

[@superpoower.5487]

PRC is not Soviet Union. American warmongers are picking a fight with the wrong country this time 😁

[@cellphone7223]

@Resurrected Again No money in winning wars, only sustaining them.

[@geraldmeehan8942]

I am from U.S. If I talk to someone from China on Facebook we get along fine. Why should it be any different for our 2 countries?

[@user-th2lx3wl6s]

No way, because MSMs are propaganda for party and government. In fact, McDonald's, KFC, BurgerKing, Starbucks, Apple, Cocacola, pepsi,Volkswagen,Nike,Adidas...etc. These big companies are making a lot of money in China, but the federal and state governments are not putting their good finances to good use for Americans. We also fought pointless wars for decades and President George W. Bush brought one of the world's largest economies into the swamp and so did Obama.

[@kevinthegreat3572]

Thank you Professor Wolff your 5 minutes video make more sense then all US politicians combine.

[@cliffordnelson8454]

And you know how little China gets for the products that it sells in the US when the product has an American label. Not much. The American companies take all that profit

[@whirledpeas1663]

US multinationals pay Chinese manufacturers about $5 for an iPhone, $2 for a pair of Nike shoes and $1 for a Nordstrom sweater. That’s how much China gets.

[@AO-ow6tt]

The million question to the US politicians: What has gone wrong with their mind for being so jealous, obsessed and paranoid about China's development success and rise to prominence?

[@georgefurman4371]

The arms industrial complex is drooling at the perspective of a war that will boost the economy. They think will come out clean.

[@reverenceforall]

The American ego is bigger than everything else.

[@laicheewai8264]

Americans cannot bare it if they've become No. 2.

[@georgefurman4371]

@@reverenceforall I don't see China advances as a success of their leadership. In any case is a common agreement between the corporate class and the Chinese government to work together in detriment of the american working class that resulted in a more favorable production in the GDP of China in comparison to the USA. The overall benefited is the corporate class. Condemning the USA to be second in their priorities. Profits are first. The bigger success is for the wealthy. The Chinese working class got more employment but doubt resulted in a great betterment of their lives. The political arm of the wealthy takes it as an opportunity for war mongering. In case of a war they won't loose. It will be another opportunity. As the trade war has been. We end up paying for the political instrument it is. The public believes the lies while we pay the losses At the end of the day China still will be targeted to be the scapegoat in the eyes of the public pic. China is not the proper term when analysing the issue. Is in terms of class warfare that this can be understood.

[@georgefurman4371]

@@laicheewai8264 the American corporate class is the fundamental and important issue in this. They don't see themselves as second. China for them is but a partner they could at any moment stab in the back. China is been used by them. While they permit war mongering in the USA and the public front. They are profiting in China. Is like Trump blaming China while his daughter and himself have personal investments in manufacturing there. Trump have bank accounts in China's banks. And many corporate class investors as well. The corporate class allows and even encourages blaming China if the USA problems and still profits there. There are no such problems of the important power players seeing themselves as loosing in this relationship with China. The American people should know that is the wealthy the ones manipulating the ignorance of this for political gain and war mongering.

[@philclock6361]

Yes, Professor Wolff has pointed out the truth. 👍

[@coolguy007171]

Hahaha, the U.S. will pay a huge price to learn their lesson again.

[@madelines4911]

China is a different story. We are witnessing miracles in China: Succeed in the war of poverty, belt and road strategy, carbon reduction through sand afforestation&forestation, and development of infrastruction. I do believe those miracles benefit both humankind and the world.

[@nizicike759]

If both side can cooperate, in the first cold war there would have an cooperation . The question is, even if China is willing to cooperate, will the United States give up McCarthyism?

[@bungkusi2432]

The China is always willing to corporate. Corporate means no backstabbing. US backstabbing China with creating Uyghur, hk, taiwan, tibet problem must go away. For China, US is like a friend that always tell bad things about you. And worse, USA is a persin who create fake bad things about you.

[@movimentoamazonialivre9838]

@@bungkusi2432 The "Taiwan Problem" is that the cold war was loyal to Taiwan not to the mainland. You want USA to backstab Taiwan and stop saying bad things about you. Which goes to show your analogy was flat-footed even if countries were people.

[@bungkusi2432]

@@movimentoamazonialivre9838 The Taiwan problem already solved in United Nation Magna Carta. You were the one that think you must pro Taiwan because you hate China. This is the same things as Israel Palestine problem. Only USA side with Israel.

[@movimentoamazonialivre9838]

@@bungkusi2432 This is called a Straw Man. I don't think anything, the USA military is pro-Taiwan. For me it makes no difference if you have enough money to buy that island ten times but decide instead that you don't have to pay, you only have to send the inhabitants a tax invoice in the mail so they can pay you.

[@soothsayer2406]

Thank you for your great insights and wisdom in your report

[@justinlee9789]

What's different about this round of the second cold war and the first can be described as such: In the first cold war, the US exported development, while ths Soviets exported revolution (relatively speaking) In the second cold war, the US is exporting revolution, while the Chinese are exporting development. When we consider such a relative reversal of roles, the danger is that the US may end up isolating itself rather than China, simply because of the extent China has intertwined itself with almost every country economically.

[@silversurfergw]

reason has left US

[@davidlazarus67]

It left decades ago. I could see the serious decline before the millennium but it took years for others to agree with me. It’s entirely down to corruption of its electoral process and its judicial system by the elites. The real question now is how and when the country collapses into civil war or revolution. It’s collapse is guaranteed and requires no external influences. A Cold War will just guarantee a bloody civil war.

[@SuperMikado282]

@@davidlazarus67 Well said Sir.

[@davidlazarus67]

@@SuperMikado282 Thank you.

[@England66hs]

Prof. Please deliver this speech to Biden. He doesn't get it yet. Thanks from Malaysia

[@user-hj2pc8nq2m]

of course Biden knows this 100X better than u, just he has 0 space to maneuver in the current political climate, actually it is a political suicide for him if he makes any pro-China move, he might have a chance after the middle term election if the inflation has not crippled america by then.

[@helpyourcattodrive]

Thanks, wolfe.

[@jimmyng3853]

Wolfe, u r the man! Very well said.

[@jamesteh829]

Prof Dr Woff , you are really great and well said

[@borissergijevic7357]

Brilliant man

[@bungkusi2432]

Thank you 🙏🏻🙏🏻🙏🏻 Proff Wolff I'm in south east asia, and we really against the modern era of imperialism. We do hope all of us can live peacefully accepting the differences between nation. And all can have win-win corporation.

[@davidwoon6402]

Be very respectful to Prof Wolff. He is also one of the last few Godly Americans.

[@Dare2Blink]

I don't know what you think godly means... But it's definitely not something you can apply to Prof Wolf. He is far above any surpertitious nonsense.

[@davidwoon6402]

@@Dare2Blink FYI, he is consistently identifying and speaking the saddened truth about the present stage of America without fear and favour in which ordinary Americans couldn't stomach..!

[@bobcharles7716]

Well said. I hope people hear that!

[@sgriffin9708]

Excellent examples with the British. You're absolutely right. I hope leadership is paying attention to these words. Thank you Professor Wolff.

[@khalidumar9752]

Summed it up so precisely.

[@pennyforahburnoutswarstory1017]

No he didn't at all and they censor people who tell you the actual truth well masquerading is some sort of democracy! They learned their leftoid values well Lies deceit censorship most importantly backstabbing an in fighting

[@Clusterboy]

@@pennyforahburnoutswarstory1017 ?

[@CJ_102]

Please keep posting these videos, perhaps even more comprehensive ones too. They are the lectures we need that traditional textbooks and schools no longer provide.

[@bruceadam5632]

I have always admired you, Prof. Wolff, for the knowledge and correct view of the current world that you share since come across your videos close to 2 years ago. Always to the point and precise and in simple terms so that everyone from having an IQ of 5 to 200 can understand. Sadly there are some falls outside that range that you can not reach out to. Always a pleasure to listen to your wise views and analogies in plain terms.

[@tbseow344]

Well said, Prof.

[@whirledpeas1663]

US multinational companies pay Chinese manufacturers about $5 for an iPhone, $2 for a pair of Nike shoes and $1 for a Nordstrom sweater. Products made in China are indeed cheap.

[@qz7699]

Sir, I am Chinese and I want to express the thought that many good Chinese have here, we want a peaceful world rather than a war(hot or cold), we want a unification of the global people, so we can help each other to fix the problems, improve the system and live a better life, rather than doubting each other until this world end......

[@SKoh-888]

Thank you for the Video, you have a great visions of US & China Cold War, Very well done and great respected to you, hope the next 40 years will be a better World.

[@ramonng7054]

the whole US should listen to you, sir and be wise..work with and prosper along with China..

[@_-martin-_]

I would love to see Jimmy Dore arrange a political discussion on the future of USA with Richard Wolff, Chris Hedges, and Jeffrey Sachs! The great truth speakers of this time!

[@Mr1stcat]

I think that's just unfair and maybe even illegal 😂

[@popasmurf6834]

there are many more even greater truth speakers and there always have been however we should stop putting our faith in our so called hero's and start trusting in ourselves following other people and blindly putting our power behind theirs results in the world we live in today

[@bobriemersma]

Even better, add Peter Zeihan the Great Explainer into the mix. Perhaps then your eyes might open.

[@WackadoodleMalarkey]

John Michael Greer, James Howard Kunstler and Dmitry Orlov could provide _actual_ edification shnaaaarff

[@Monk-Amani.]

The 🌎 needs to a "Happy Medium" or its ability to function with cohesiveness will diminish. Great sacrifices and compromises are needed. Those with, should support to those without. Unfortunately, profits prevails. 📈

[@iamstartower]

I ve been waiting for the end for many years, i have pop corn ready...

[@lilydev2808]

US Admin can't go wrong by respecting the opinions of this great economic guru who can comprehend both economic systems. But China seems to follow a system refined from both.

[@lewissiusankwong]

I hope more Americans are like you.

[@user-yr6de4ht2r]

Обожава те један СРБИН.. wish you LONG LIFE

[@bsands116]

may i respectfully disagree, usa is acting the way it does precisely because the torries reconquered usa trough the banking sector. but i guess it is very hard for an american to realize that they are no more than the continuation of the old empire.

[@tylerlarkey384]

For many in the United States, myself included, it's been difficult to come to terms with threats on US sovereignty. I know that I'm worried about political suppression, loss of free speech etc. With that said I think you're right. We shouldn't be going to war. Whatever threats will come will come but we shouldn't be legitimizing actions we know that are wrong.

[@ac7205]

Let's reflect heavily on our intellect and make and maintain a communication, a relationship with China. China's was the resurrection and rebirth of revenue streams, Pure Capitalism, the insatiable Void = Greed is filled. On the backs, and in the blood of the Good People of China. No matter where We are it is the Corporations We have to be wary of. Because the intentions of the Few never Will include the many....

[@madmanjshum]

Prof Wolff the sensible voice in a nonsensical world.

[@user-kh8vc1tz4f]

HAIL to you SIR !

[@MrAstrojensen]

A Cold War with China would serve the interests of the military-industrial complex in the US just fine, it's just what they want. The last Cold War (with the USSR), made a lot of people very rich and many generals had excellent careers. It's their wet dream to recreate those decades, perhaps ad infinitum. Ah, you say, but the US import a lot of goods from China! Yes, and that will continue. China needs the US market right now, so they will accept the tariffs, but they're growing very tired of the situation, so they're trying to tie the whole South East Asia, Europe and Russia together with their new Silk Road plan. The final plan is to make the SEA rich enough and a big enough a market, that they no longer need the US consumers! Then the US will have no power over China.

[@greentraveler4114]

But the USA authorities has been notorious for banning sanctioning and destroying its strategic competitors. Japanese French now Chinese.

[@ershenlin1774]

The real danger of a cold war is that it could evolve into a hot war under certain socioeconomic conditions as per Germany in 1930's; while the benefit of a hot war is that it could provide relief for population pressure - as Malthus saw it - and overcapacity.

[@singhnitesh]

Greed the word is greed.... If you have a physical boundary based on gdp per capita... War is inevitable.

[@Cpop1919]

Just wondering … even if what you said is 100% correct, anything rational can detour this dangerous route? This is the dilemma. We can talk & talk, but nothing, in the end, can make a change.

[@musicman7773]

Inflation is one thing, now doing with out is another.

[@MrDXRamirez]

At the same time, the amazing power of labor productivity of the US causes value to spread across a great amount of goods. Capitalism expresses this attribute of labor in gluts in the face of disparity but if workers exploited this attribute of their labor it would be a springboard into a completely changed society because workers have only one aim and that is to promote their productivity of labor. There is a real difference and what I see is the root of all the social inequities in capitalism's labor relations. The difference is surplus-value between the labor productivity workers give employers and the shrinking average labor time employers pay workers for longer hours of work! Therein is the battle.

[@laicheewai8264]

Human talking.... He talking "MULTILATERALISM"...... A move that would benefit all mankind, as long as we are willing to work.

[@davidwright8432]

We - the US - have to figure out how to live cooperatively with the People's Republic of China. We are no more going to persuade them to do things differently, then they are, us, when it comes say to health care. But if we can't figure out how to cooperate over climate change, we're all screwed,. Right now, it don't look so good.

[@williamforrestall2161]

xPoor old Richard --- sad.

[@henryyip1]

⭐️⭐️⭐️⭐️⭐️Great Golden China - Number One Power 1,800 of The Last 2,000 Years , NOW AGAIN NUMBER ONE ⭐️⭐️⭐️⭐️⭐️

[@gregwooten2420]

We need to hear more like this truth!

[@darthjarjarbinkstherealsit6832]

Feed the algorithm

[@h2t26]

Wait did he just say that Walmart was good for America? starting at 3:20 ending around 4:10

[@Clusterboy]

Irony. Yes he did but saving the world from a war with China prevails. He will continue to preach re evils of capitalism and I will continue to be present so as to be exposed to his wisdom.

[@MDJButcher]

I thought that was odd too. Walnut's expansion has done a great job of crippling smaller businesses and local economies. Cheaper goods, sure, but it has led to more low-paying jobs. That's good for capitalists and corporations, but I fail to see how that's a net gain for Americans as a whole.

[@sunnyjames9658]

War always been used as a formula for a bankrupt fed to save a sinking economy. I watched the exchange on the WEF between Xi, Putin and other European moderators and leaders, Biden mysteriously absent; anyhow it was the most curious exchange. They all offered opinions on global governance, each desiring the shape to be more characteristically Chinese, Russian, European etc. But in the end, it seemed they sighfully concluded that well a cold war might be dangerous, but it's great for production and historically a war economy is a good economy, so let's play Russian roulette with the Planet. G-d please come and deal with these greedy devils and what they willy nilly do to this planet and to your son's and daughters of earth.

[@AnnieT369]

China used the benefits from trade to develop their country and the Chinese people reap the benefits. Walmart kept almost all the benefits for itself and the US people didn't benefit much.

[@benganchan1420]

The country that produces quality products at competitive prices benefits consumers worldwide. china is able to do that, can america? The real challenge for america is to flood the chinese market with american made products at competitive prices .

[@Jesse-ey5xd]

So it was the Waltons that sold us out. I'm just kidding but I like the image.

[@petermanuel5043]

poodle is kind

[@patrickmccormack4318]

The ground shakes when we answer the question, Is Might Right? If Gore Vidal were alive today, how would he answer that question? kzbin.info/www/bejne/d6mYkpqtfdRgfdk

[@odin5166]

When you become so powerful, you think you are invincible and arrogant. That's how all empires rises and fall and USA is no different and the time has come in its decline.

[@davidliu5388]

As a Chinese, maybe I understand China a little bit more! China in the past 400 years never invaded any foreign country, Chinese normally not very aggressive on foreign affairs , so US doesn’t have to make China as potential enemy.

[@OghamTheBold]

US had a bit of help from the French

[@MirageShen]

The problem is that, China may not help Walmart in US in the future, as we did before. It is because, we Chinese want a better life, that we do not sell products in a cheap way. The best way to improve our incomes, is to sell things in a more expensive price than the past. I think most of the elite American (in gov) have seen this, so they're trying to limit China, beat China, so that China can be a cheap manufacturer forever. I agree most of your opinion, but not this time. Indeed, both America and China have a lot of problems in home. And indeed, we can help each other to solve the problem. However, if in case that we need to lose our benefits to help America to solve sth, I'm afraid we can make it. Sorry. Producing goods is high in America, does not mean we have the duty to produce ALL THE TIME for you.

[@MirageShen]

*I'm afraid we can't make it

[@MirageShen]

Producing goods is high in America, which is the American's problem, does not mean we have the duty to produce ALL THE TIME for you.

[@craigburns7618]

Yeah that was nice then, now it needs to be done within our own country

[@nikkiewest133]

Ha so Britain has a British version of the "south will rise again" people??

[@johnli6782]

Thank you sir. From your mouth to your 245 thousand viewers, among whom hopefully includes some with the necessary fortitude in the US government who are able to speak as you do, in contradiction to what is being peddled by the mass media.

[@marial4048]

Hold my beer🍺

[@earlgibbs7083]

It was America that declared war against Britain in the War of 1812. It keeps referencing the attack on the White House by the British when, in fact, the United States was the instigators of this confrontation and somehow feel hard done by. True, the British kept poking at America even after its independence, but the delusional sense of upstart exceptionalism by America was simply a continuum of self-serving colonialist dominance which the United States felt that it needed to be a part of to fulfill the dream of world conquest and lust for the accumulation of wealth.

[@questiondoneit2717]

Study the past, if you would divine the future. Confucius

[@hakunamatata887]

I wish Dr Wolff to be The president of America. I wish Dr Wolff to be The president of America. I wish Dr Wolff to be The president of America.

[@kashafifi8785]

Chines people are working for 1.52$ per hour.

[@wilsonpickett6317]

and americans working for $8.00 an hour. anyone who thinks america is that different from china is living in a fantasy world.

[@kashafifi8785]

@@wilsonpickett6317the problem is the government , and Dr Wolff wants bigger government and not agree with free market.

[@pijbdhfjlknol4491]

@@kashafifi8785 maybe because the "free market" has done more to destroy lives than anything except maybe religion..

[@kashafifi8785]

@@pijbdhfjlknol4491 lol . What a joke , Free market is the only solution of all economic problems.

[@pijbdhfjlknol4491]

@@kashafifi8785 bwahahahahahha, you're cute when you're wrong.

[@johnniewalker7628]

One small correction, 5 eyes not just merely point out but actively Trumped up negativities against China

[@quocmai3936]

Us can print money and buy Chinese products. The us dollar devalue every year about 2percent .in 25 years us dollar lose 50 percent. Do Chinese want us dollar when they can make everything?

[@user-th2lx3wl6s]

In recent years, China and Japan have been dumping TREASURIES. You think Japan is a real ally? They may just use the US.

[@longyou8254]

Skimming

[@normalizedaudio2481]

Feel good about how much we helped China.

[@chinfoomaa]

This is your best video so far Professor

[@shemirama1408]

Meh .. all talk between the two for show, while behind closed doors they've decided to play good cop bad cop to justify their military spending to the herds. If the U.S. has any grievances they're not completely wrong, either - professor 1) most of our governor's/politicians are in bed w/ them approving land n business sales in alarming numbers (a national security issue) - unless we're forgetting Swalwel/Fang Fang n Pelosi's husband's business tires, among others 2) China's intellectual property theft is brazen n thru the roof - unless you forgot Huwawei 3) currently, China is gobbling up farm land in Texas w/ Biden's bleeding while we have a open borders crises 4) n let's not forget hundreds of thousands of fake U.S. drivers licenses confiscated at Ohare airport in Chicago shipped by china (still a mystery of who, what, where...) Anyhoo, China is not miss goody two shoes, n I've yet to hear one criticism of china from you - do you have any, professor??

[@007cocostar]

You are totally wrong!!!

[@publicutility]

How many us military bases in Africa ?

[@publicutility]

@@Kemetyu-Centered36 10 x

[@alloomis1635]

prof wolff is strangely misguided in his explanation of the mis-named 'revolutionary war'. the war was necessary to preserve the position of the richest people in the 13 colonies, the slave labor based grandees of the south east. their position was being undermined in the british law, which was gradually making slavery impossible. you probably didn't get this explanation in high school, but you should have. on to current events: your government, the inheritors of those slave masters, is determined to maintain the financial, economic and military dominance it has gradually won over the last 150 years. since ww2, they don't even pretend towards humility, and greed has assumed its rightful place in their minds. will this lead to war? certainly. usa has no peaceful means to maintain dominance, to feed the greed. and this is the really interesting part, for all out war means extinction of civilization, and possibly of all life. but the twisted sociopaths who run your nation think they can achieve their goals with 'limited' war. they are teeing up india and japan to use some mix of 'incidents/raids/sinkings' and thereby frighten prc into submission. i estimate the chances of usa maintaining dominance over prc at about zero. japan and india may get a painful lesson, and then watch their patron wash its hands and claim, 'nothing to do with usa.'

[@SuperMikado282]

Exactly 👍👍👍

[@AlmarWinfield]

4:28 We helped each other, and that was good for the United States and good for China. Indeed, we helped China maximize their exploitation of their slave labor class for cheap products. I guess me and Mr. Wolfe have different definitions of what is "good" though.

[@daniellarson3068]

All you economists, even Professor Wolff, tell us that world trade is good for us. Eventually, it is supposed to be good for all the nations doing the trading. Maybe so - In the meantime more and more American factories close and the average Joe becomes poorer. We should certainly be fair and honest in dealings with other nations like China, but can't we take care of our own first?

[@MrDomingo55]

Precisely. Instead of waging trade wars to try and shift industry back home they should simply have said: "Time out, we are suspending our membership of WTO so we can revive our industry have our economy re-balanced".

[@Ming1975]

That's what most of the east who knows about the US problem says, deal with your own first. But America would rather blame everything on China and even make up lies to start a war. Easier to blame others than to take action on responsibilities.

[@bungkusi2432]

The problem is not China. The problem is the greedy 1% of American. America have the highest GDP in the world. But the problem is the wealth distribution is bad. 90% of the wealth is owned by 1%. This is the problem. Those 1% must pay more tax, so the government can give free healthcare for the poor, good free education for the poor, and cheap housing for the poor. Blaming China won't fix the problem.

[@Ming1975]

@@bungkusi2432 The taxing of the wealthy 1% is fine but they are very good at evading tax to pay a minimal as possible. Increasing tax to them would result in them using their wealth to run off to some 3rd world country to exploit. Not sure if that would be a bad idea too hmmm..

[@bungkusi2432]

@@Ming1975 In this world, there were only 2 country that tax their citizens regardless where's the money gained.

[@chaotixx80]

Anything to pump up the defense budget.

[@waitaminute2015]

Most retail goods come from china, even higher end items.

[@georgegates526]

4:27 'We helped each other.' It IS a good idea to help another country, but not in this way.. What happened to domestic companies that moved their machinery to China? Gone forever.. The race to the bottom is not a good thing. It tears down the working class and destroys any chance of getting decent pay, making anything good, getting a pay raise, or a chance of upward mobility for the average working person. It just makes us; replaceable.

[@peterleung7708]

R wolff for president.

[@beppeadr]

There is no cold war here, there is too much money on the table especially from the US side and this is the big difference if compared to any other cold or hot war. It is just political propaganda for the US to cover up a lot of mistakes and disasters. As usual, China is helping also with that, But favour in return China will get Taiwan thanks to the US and especially the UK.