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DEBATE: Will China or the USA COLLAPSE first?

[Betteryear2]

1,730 Views

Sep 14, 2024

Today on the Jay Martin Show, Jay is joined by renowned economist and professor - Richard Wolff. Professor Wolff is the founder of Democracy at Work, host of Economic Update and teaches at the University of Massachusetts Amherst. In this interview we dive into the dynamics of U.S.-China competitiveness and explore the probable outcomes in the shifting global landscape. We compare the governance models of the three dominant powers over the past century: the Soviet Union's socialist system, the U.S.'s capitalist structure, and China's unique socialist-capitalist hybrid. A key focus is how China operates much like a corporation, with centralized vision and policy set by its leadership, while different levels of autonomy function similarly to executives, managers, and employees in a business.
DEBATE: Will China or the USA COLLAPSE first? [MUST WATCH] (youtube.com)

[nozzpack]

Collapse is a relative word. The US defaulted on its Liberty Bond in 1934 and then went on the gold standard. Its recognized that the US ( and many other nations ) cannot repay its debt. Trump states that he will default . Defaulting will be beneficial to the US citizenry. The US is self sufficient in energy, is the greatest producer of food in the world and is attached to Mexico for labor and