Economic Update: The Emerging New World Economy... A New Empire, a Multipolar World, or a Post-Capitalist System (2 parts, 30:20)

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Economic Update with Richard D. Wolff [Full Episodes]

**Stay connected with the latest news from d@w. Join our mailing list today: https://www.demo**Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up [S13 E17] The Emerging New World Economy: A New Empire, a Multipolar World, or a Post-Capitalist System Four key changes drive a new world economy emerging from the old.1 First is capitalism's transition from neoliberal, globalizing to nationalistic capitalism. This includes the shift of capitalism's center from western Europe and the US to Asia and the global south and also includes the deepening economic inequality inside most nations. 2 Second is the end of the stale, old debate between private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids. 3 Third is the post-peak decline of the US empire.4 Fourth is the urgent question of what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations. Timestamps 00:00 - 01:42 - Intro 01:43 - 08:57 - capitalism's transition from neoliberal, globalizing to nationalistic capitalism 08:58 - 14:24 - private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids 14:25- 15:47 - Announcements 15:48 - 20:18 - post-peak decline of the US empire. 20:19 - 30:20 - what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: https://www.patreon.com/democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted donor community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at https://www.patreon.com/democracyatwork or donate on our website at https://www.democracyatwork.info/donate Follow us ONLINE: Facebook: https://www.facebook.com/EconomicUpdate https://www.facebook.com/RichardDWolff https://www.facebook.com/DemocracyatWrk Twitter: https://www.twitter.com/profwolff https://www.twitter.com/democracyatwrk Instagram: https://www.instagram.com/democracyatwrk DailyMotion: https://www.dailymotion.com/democracy... Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... Want to help us translate and transcribe our videos? Learn about joining our translation team: https://www.democracyatwork.info/geti... ****************************************************************************************** Check out the 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly https://www.democracyatwork.info/books