Reading the World Today--Three Comments on Two Commentaries
So, this morning I came across two "big picture" interpretations of what's going on in the world today. (Thanks to JD Blaha for bringing the first one to my attention.) They are, " Why Trump's Tariff Chaos Actually Makes Sense (big picture) " a commentary publicized as part of The Economist 's "Money & Macro" page on youtube; the other is longtime Marxist economist Richard Wolff's current reading of the world, titled " American Empire Is In Decline ," presented in an interview on the radio show Democracy Now . I have a few comments on the two of them together. 1 They are both trying to apply 1970s-1980s-style, western economic common sense--the former from a middle-of-the-road "liberal" perspective, the other a class-based Marxisant US-left one--to a mid-2020s global reality. (I can't resist mentioning this: The argument that the US is on a downward slope is of course nothing new by now and, as a world-systemit...
