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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_capitalism
Richard’s Website: https://www.rdwolff.com
Economic Update: https://www.democracyatwork.info/economicupdate
OUTLINE
00:00:00 Introduction
00:01:07 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 China
00:25:19 The Declining American Empire
00:32:53 Exposing the Myths About Trump’s Tariffs
00:44:55 The Empty Promises of American Politics
00:53:54 Why DC Doesn’t Have Representation in Congress
01:00:22 The Bizarre Alliance Between Israel and the United States
01:04:48 Why Russia Is Exempt from Trump’s Tariffs
01:13:48 Are Israel and the United States “Winning” Against Gaza?
01:24:25 How Wealth Now Controls the United States
01:27:52 On The Impending Economic Downturn in the United States
01:31:47 How Trump is Turning Allies into Enemies
01:37:12 America’s Terrible Healthcare
01:42:25 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 Collapse
Robinson’s Website: http://robinsonerhardt.com
Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where is also a JD candidate in the Law School.