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Zombie corporations, endless debt, and an empire in decline—this lecture confronts the structural weaknesses of American capitalism with stark clarity. Economist Richard Wolff explains how companies that can’t pay their own debts—so-called “zombie corporations”—keep themselves alive by borrowing even more, deepening the crisis each year. This pathology extends far beyond private industry: the U.S. government itself survives by borrowing heavily from its rivals, most notably Japan and China, creating the paradox of American taxpayers financing foreign powers that challenge U.S. dominance. Wolff draws a direct line from this dependence on debt to America’s ability to fund foreign wars without directly taxing its citizens, warning that such arrangements mask the fragility of the system. He situates this dynamic within a broader pattern of imperial decline, where elites shield themselves from collapse by shifting the burden downward, squeezing workers through stagnant wages, union suppression, and inflation. Far from being a mysterious economic force, inflation emerges here as a deliberate mechanism by which employers raise prices to extract more from the working class, compounded by policies like higher interest rates and regressive congestion pricing. In comparing today’s dilemmas with past crises, Wolff recalls Nixon’s 1971 wage-price freeze as an example of state intervention once deemed necessary to stabilize the system. By contrast, today’s leaders lack the courage to admit that the U.S. empire is unraveling, offering only platitudes while the working class bears the cost. The result is a volatile political landscape where resentment and economic insecurity drive populist upheavals. Turn on notifications to stay updated! 🔔🔔🔔 ⸻ Here, we transform original content from interviews, lectures, podcasts, and keynotes featuring Richard Wolff to provide viewers with a more immersive and engaging experience. Our goal is to educate and inform as many people as possible about Richard Wolff’s unique economic insights and critiques of global capitalism. We also strive to make Richard Wolff’s ideas more accessible to individuals with hearing impairments by providing professional transcriptions for the majority of our videos. By enhancing the original content with cinematic editing, improved clarity, and added context, we aim to amplify Richard Wolff’s message and help more viewers understand the economic and social issues he addresses. Fair Use Disclaimer: 1. The videos have no negative impact on the original works. 2. The videos we create are for educational and commentary purposes. 3. The videos are transformative in nature. 4. We primarily use audio components and only minimal video footage when necessary. Copyright Disclaimer: Under Section 107 of the Copyright Act of 1976, allowance is made for “Fair Use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is permitted by copyright statutes that might otherwise be infringing. All rights remain with the original copyright holders. Disclaimer: • Content Context: This video contains discussions of theoretical perspectives and unverified information sourced from public discourse and various news outlets. It is presented solely for educational and informational purposes and should not be regarded as conclusive fact. • Intention of Content: We do not intend to defame, slander, or discredit any individuals or organizations mentioned. The content is designed to foster thoughtful discussion and critical thinking. • Non-Endorsement of Violence: We do not condone or encourage any form of violence described in the content. References to such actions are provided only for historical or analytical context. Our channel is not affiliated with Richard Wolff or any of his organizations and is purely made for entertainment and educational purposes. The content we share is based on facts, public commentary, and interpretations and should not be taken as financial or medical advice.