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Richard D. Wolff & Michael Hudson: This Is EXACTLY How Empires Collapse
Published 6 months ago
Description
Trump’s foreign policy is framed as a "landlord mentality," where the U.S. extracts wealth from allies by forcing them to fund wars while buying American weapons. Europe now pays for U.S. military aid to Ukraine, shifting costs but deepening debt and social strain. This neo-mercantilism mirrors colonial rent-seeking, pushing nations like India, China, and Russia toward a multipolar alliance outside U.S. control. Sanctions backfire, isolating America instead. The global order is fracturing, with BRICS emerging as a counterweight to U.S. dominance.
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