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The Socialist Program with Brian Becker

Trump’s Trade War: U.S. Empire Is In Free Fall w/ Prof. Richard Wolff

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 23 April 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Trump’s trade war is causing stock market chaos and may trigger a ‘capital war’ – or even a military war – and seems to be an act of desperation in the face of a declining U.S. empire. Brian Becker and Professor Richard Wolff discuss this rapidly shifting global economy, and what may come next.


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 www.patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join and submit questions to the monthly Q&A seminar with Brian.

Transcript

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0:00.0

The Wall Street Journal says that Donald Trump's trade offensive threatens America's financial

0:08.7

primacy. Rising volatility and dollar weakness raise fears of a financial realignment away from

0:16.6

the United States. We need a new system.

0:22.1

We need a new society.

0:28.1

We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are excited to have Professor Richard Wilfe join us again for our regular weekly segment

0:58.9

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

1:03.6

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

1:09.7

you content several days a week. Thanks to the support

1:12.3

of our patrons. We encourage you, if you're not yet, to become a patron today. Go to the patreon.com

1:19.4

forward slash the socialist program. Richard Wolf is the co-founder of the organization Democracy at

1:25.8

work. He's the author of many books, including Understanding Capitalism, which is available at

1:31.4

Democracy at Work.Info.

1:33.6

Professor Wolfe, welcome back.

1:35.5

Thank you very much, Brian.

1:36.9

Glad to be here.

1:38.2

Thank you so much.

1:39.5

Volatility, well, that would be an understatement.

1:42.6

Yesterday, the S&P 500, the Dow Jones, NASDAQ,

1:48.2

they all were like going into like 1932 kind of weather conditions.

1:54.6

As a matter of fact, the Wall Street Journal had another article entitled,

1:57.3

This is the worst April since 1932.

2:00.2

That's a pretty dramatic headline given

...

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