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The Socialist Program with Brian Becker

How US Capitalism Uses the Banking System to Coerce the Rest of the World

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 11 February 2026

⏱️ 28 minutes

🧾️ Download transcript

Summary

More than 30% of countries around the world are facing severe US economic sanctions causing mass suffering, hunger, and death. From Cuba, to Venezuela, to the DPRK, and now even to traditional US allies who are being targeted with tariffs and other economic threats unless they bow to the demands of the Trump administration. Richard Wolff explains that these are the efforts of an empire that is in decline but still possesses military and economic weapons that can do great damage to those who try to maintain independence from Wall Street and the White House.


Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.


Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

Transcript

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0:00.0

The United States has designed the global financial system so that it can use vast financial tools to attack the economies of targeted countries and the people who live in them.

0:15.0

We need a new system. We need a new society. We need to demand that which may have sounded impossible even a few weeks ago,

0:23.6

but is not only realizable, but an imperative necessity.

0:27.6

identity. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment,

0:56.7

where we talk about the biggest stories related to the economy, the state of the working class,

1:01.3

and the crimes of big business. I'm your host, Brian Becker. The Socialist Program brings you

1:07.2

content several days a week. Thanks to the support of our patrons at patreon.com

1:12.8

forward slash the socialist program. We appreciate all of your support and encourage you,

1:19.5

if you're not yet, to become a patron today. Richard Wolfe is the co-founder of the organization

1:25.1

Democracy at Work. He's the author of many books, including

1:28.7

Understanding Capitalism, which is available at Democracy at Work. Info. Professor Wolf, welcome back.

1:37.2

Thank you very much, Brian. And as usual, I am very glad to be talking with you.

1:43.5

Great, great, great.

1:44.5

Thank you so much.

1:46.1

A big topic, you know, in the past years, as we've been doing this show every week,

1:52.7

you have made the argument that the U.S. empire is an empire in decline.

1:58.2

All empires eventually do go into decline, and you're citing numerous

2:03.8

statistical indices and arguments, many of them very, very persuasive about the U.S. influence

2:12.0

that sort of reigns supreme at one time has been diminished. And yet at the same time, and this is, for the lack of a

2:20.1

better word at the moment, the dialectic here, the contradictory element of this truth, of this

2:26.3

reality, the U.S. has, through dollar hegemony, through the dollar is the world's currency

2:32.7

reserve, and many other sort of controls over

...

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