258 - Richard Wolff: Donald Trump’s Tariff War Dissected

Support our sponsor, FarmKind, to fix factory farming: https://www.farmkind.givingThe code “ROBINSON” will increase your donation by 50% with a bump from large donors.Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and a visiting professor at The New School, where he works on economics in the Marxist tradition. This is Richard’s ninth  appearance on Robinson’s Podcast. In this episode, Richard and Robinson discuss the tariffs that President Donald Trump would like to place on goods imported from around the world. More particularly, they cover the real problems America is facing that Trump has to solve, the connection to Russia, China, and the BRICS, Elon Musk and electric vehicles, and more. Richard’s latest book is Understanding Capitalism (Democracy at Work, 2024).Understanding Capitalism (Book): https://www.democracyatwork.info/understanding_capitalismRichard’s Website: https://www.rdwolff.comEconomic Update: https://www.democracyatwork.info/economicupdateOUTLINE00:00:00 Introduction00:01:07 Is Trump’s Tariff Plan Nuts?00:06:31 Is the United States Unsustainable?00:15:33 Can Tariffs Solve America’s Debt Problems?00:19:17 Tesla’s Electric Vehicle Tariff War on China00:25:19 The Declining American Empire00:32:53 Exposing the Myths About Trump’s Tariffs00:44:55 The Empty Promises of American Politics00:53:54 Why DC Doesn’t Have Representation in Congress01:00:22 The Bizarre Alliance Between Israel and the United States01:04:48 Why Russia Is Exempt from Trump’s Tariffs01:13:48 Are Israel and the United States “Winning” Against Gaza?01:24:25 How Wealth Now Controls the United States01:27:52 On The Impending Economic Downturn in the United States01:31:47 How Trump is Turning Allies into Enemies01:37:12 America’s Terrible Healthcare01:42:25 Who Really Rules America?01:57:04 How Should Trump Solve America’s Real Problems?02:04:39 What America Can Learn from Britain’s CollapseRobinson’s Website: http://robinsonerhardt.comRobinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where is also a JD candidate in the Law School.