Economic Update: 2023 World Economic Trends

***Help us reach 300,000 subscribers! We are very close to reaching this important milestone but need your assistance. Please like and subscribe and get your family and friends to do so as well. [S13 E06] 2023 World Economic Trends In this week’s show, Prof. Wolff identifies and examines the larger economic dimensions and trends of three key aspects of today’s global economy: Russia/Ukraine war, Europe’s quandary, and the decline of the US empire. Attention focuses on the immense direct and indirect costs of the war in Ukraine; on Europe’s desperate position and choices caught between the US and China blocs in the world economy; and on how the US empire is responding to its decline in the world economy. Our approach is to stress what so many others deny or minimize. The risk of war and lessons of the past decline of empires figure prominently in the analysis. Timestamps: 00:00 - 01:10: Intro 01:11 - 02:42 - Inflation as class struggle 02:43 - 04:50 - Non-profi