What happens when the world’s dominant economic power begins to lose its edge?In this wide-ranging conversation, Professor Richard Wolff joins The Deep Focus Show to examine the forces reshaping the global economy—and why he believes the decline of American economic power is already underway.Wolff breaks down the widening gap between the U.S. and China, the extraordinary rise of the Chinese economy, America’s mounting debt and inequality, the housing crisis, stagnant wages, and why a booming stock market doesn't necessarily mean the American economy is healthy.We also discuss tariffs, oil, the dollar, BRICS, the future of the global economic order, and whether the United States is heading toward another major economic crisis.Wolff argues that the U.S. is confronting a historic transition: the economic dominance it enjoyed after World War II is fading, while China has emerged as a formidable economic and technological power.And as that balance of power shifts, one question becomes increasingly important:Can the United States and China manage this transition peacefully—or are we heading toward a much more dangerous confrontation?Join investigative journalist and host Arn Menconi for a deep conversation about capitalism, empire, inequality, China, and the changing world economy.Subscribe to The Deep Focus Show for in-depth conversations with leading newsmakers, investigative journalists, economists, and thinkers you won't hear on mainstream media.#RichardWolff #China #USEconomy #Economy #Capitalism #Geopolitics #TheDeepFocusShow
01:49 — Richard Wolff: The Decline of the American Empire07:53 — America’s Failed Wars and the Cost of Empire15:44 — The Economic Shift From America to China20:53 — China’s Rise and America’s Declining Dominance28:41 — Is the U.S. Heading Toward Another Economic Crash?31:18 — Why the Stock Market Doesn’t Tell the Whole Story40:54 — Why China’s Economic Model Is Different47:01 — China, Electric Cars and the Race for the Future52:36 — The U.S. Empire Is Over — What Happens Next?