Richard D. Wolff

Richard D. Wolff, Professor of Economics Emeritus at the University of Massachusetts Amherst and co-founder of Democracy at Work, argues that the United States is living through the terminal phase of imperial overreach. Drawing on the history of empires from Persia and Rome to Britain, Wolff contends that no empire has ever escaped the arc of birth, expansion, and decline—and the US is no exception. Having emerged from World War II as the world’s undisputed economic hegemon, the US has spent decades in self-deluding arrogance, mistaking a historically anomalous post-war moment for permanent, God-given supremacy. The rot is now unmistakable: $35 trillion in debt, a proposed $1.5 trillion war budget, and a string of military defeats from Vietnam to Afghanistan. China, growing at two to three times the US rate for thirty consecutive years, has quietly displaced American economic dominance. The war on Iran—a civilisation far older than the Judaeo-Christian tradition attacking it—may prove the final overreach. With the Strait of Hormuz closed and NATO allies refusing to help, Wolff sees Trump as a latter-day Nero, fiddling while the empire burns. The solution, he insists, is redirecting military spending toward the American people. Get full access to Savage Minds at www.savageminds.co/subscribe