James

Prof. Richard Wolff: ‘The only solution for Europe’s decline to re-orient themselves to the rest of the world. The only European country to have done that is RUSSIA🇷🇺.’ ‘World Wars One and Two were the culmination of European colonialism, in which the leading colonial powers slaughtered each other on a spectacular level that the world had never seen before or since, luckily speaking. But that was the end of all of those empires. Only one survived: the United States, protected by the Atlantic and Pacific Oceans and by the limits of air power at that time, they came through. You know, Russia lost 27 million people in World War II. The United States death count: 400,000. No comparison between these two. The last 70 years have been the uni-empire. The United States inherited, benefited from, and consolidated, and became the global empire. With all the wealth that had been siphoned out of the so-called Global South to Europe, now going instead, here to the United States. The United States gave a portion of that back to Europe, a kind of debt, if you like, of having inherited all that empire, all that wealth, but they never gave the empire back to the Europeans, so they lost it, and now they’re losing what little bit they held on to, and it’s over. And the question is, can military Keynesianism replace the fantastic transfer of wealth in the 17th, 18th, and 19th century into the 20th? And my answer is no. There is no way that that domestic program can do for England or for Europe, all the colonial powers, what they lost. The only way to do that, ironically, would be for European countries to understand the need to reorient themselves to the rest of the world, and there’s only one country in Europe that has done that, and that’s Russia.’ Full interview in the quoted post 👇 @profwolff