In this Wolff Responds, Prof. Wolff tackles the question, Is America’s global and economic reign coming to an end while being replaced by China? By looking at four major facets: GDP, real wages, COVID-19, and inflation, Wolff argues, we can begin to assess the economic realities and how these two major powers will interact moving forward.
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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Go to: https://www.lulu.com/en/us/shop/richard-d-wolff/understanding-marxism/hardcover/product-7zr2y4.html?page=1&pageSize=4
“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.”
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