Name: Richard Wolff: Trapped in debt dilemma, the US empire is on the decline
Uploaded: 2026-09-04T22:40:29+08:00
Duration: 1 min 9 s
Description: Recently, American Marxist economist Richard Wolff pointed out that the United States has become the most indebted country in the world, marking one of the key signs of the empire's decline. Tax revenues paid by citizens are not being invested in public

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Recently, American Marxist economist Richard Wolff pointed out that the United States has become the most indebted country in the world, marking one of the key signs of the empire's decline. Tax revenues paid by citizens are not being invested in public infrastructure or education or healthcare but instead are pooled by the government and funneled to wealthy corporations and foreign creditors, he said. He specifically noted that China is now the second-largest creditor to the US, a shift that clearly reflects the changing dynamics of national power around the world. #GoodPoint

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