‘Declining Empire’: US in Denial About Economic Collapse, Future on World Stage – Economist

As the US struggles3

As the US struggles to reopen its economy, US President Donald Trump has predicted the country will enjoy “incredibly strong” fourth-quarter growth following the COVID-19 novel coronavirus pandemic. However, one expert tells Sputnik that the federal government is living in a fantasy while being funded by its current nemesis.

Richard Wolff, professor of economics emeritus at the University of Massachusetts, Amherst, founder Democracy at Work and author of “Understanding Socialism,” joined Radio Sputnik’s Loud and Clear on Tuesday to discuss the US economy and peel back the facade that is covering the country’s fattening debt.

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