I have the same question, why Europe is aligned blindly with the United States despite the widespread political corruptions, violence, and ignorance !!
European elites are naive and/or cowardly, it really is that simple. If they had refused Bush in 2008 in promising Ukraine and Georgia that they would be accepted into NATO, the war wouldn´t have happened!
Because if you not the puppet, you're are the enemy. Coupled with short term interest and mass media, government with 40-50% popular vote easily toppled over. Latest example is new Zealand leader ousted
Europe has been in denial for over a century now not having what it takes to admit that the US manipulates European politics to its advantage at the expense of the hard working European folk.
Certainly much better prepared than NATO, yes. Also, I think NATO were fooled to some extent by the enthusiasm and will to deliver all the right answers among the Ukrainian "new elite" the West has been training over the last ten years. It must have made the Americans and west Europeans think "yes, these guys are going to make it! They're able to defeat the Russians if we'll just give them the right equipment!".
@@louise_rosePutin played the fool invading Ukraine thousands of young men are dead because of that asswhole pardon my spelling the fine Russian citizens deserve better than that flaming jerk
Yes, Professor, you are right. Europe thought that Russia would collapse and Europe will be sharing big chunks of the collapsed country's resources and wealth with the US. Unfortunately it did not turn out as always in the past, and instead today Europe is losing its competitive edge in the world and would have to struggle day by day to make a living.
From christian catholics crusades against Nevsky 's christian orthodox russian people to New crusades ( AMERICA EU Israel vatican). Against putin's Cristian orthodox COMUNIST RUSSIAN PEOPLE nothing Is changed.....
>"Europe thought that Russia would collapse" Take a look at other sanctioned countries, which are smaller and poorer than Russia: Cuba, North Korea, Iran. These countries were SANCTIONED FOR DECADES, and they did not collapse: Fidel Castro remained in power for 50 years in Cuba; the ayatollahs remained in power in Iran; the Kim family remained in power in N. Korea. No politician could have believed that Russia was going to collapse in 1 year, because of sanctions.
Russia did not collapse in 90th of last century and it had not any reason to collapse under new sanctions since Russians have been under western sanctions over more than last 100 years and they had over 500 billions in reserves .He is pushing propaganda on you to make you believe that it was a mistake but puppets can not make mistakes they do what a master makes them to do
Only Sub servant European politician would have thought Russia, will fall a part, and Glory to NATO. They certainly under estimated Russian friends, all the Countries under USA, and Europe sanction. All the Countries that trying to get rid of DOLLAR from their trade, All the countries that have seen enough of Hypocracy and war machine of the West.
Thank you for your valuable video. In my opinion, the US NATO trapped Russia into war in Donbass by pretending to support the Minsk Agreements, while at the same time arming the Ukraine regime to NATO standard. Russia was expected to disentegrate after President Putin was deposed. Then there would be a scramble for Russian resourses by the EU and US similar to the 1880's colonial Scramble for Africa. They envisaged an area from the Dniper River right thru the component states of the former Soviet Union to the border of China. But, Russia has not collapsed. Now, the threat to the EU NATO is that a new polarity is being established by BRIC countries. It it something to look forward to.
So they trained ukraine to NATO standards and then predicted if russia invades, kiev would fall within days? Ok dumbo. And if the BRICS countries hate the west so much, let's see how much they will like their new chinese overlords. Third, none of those countries have a stable goverment or a proper democracy - lets see how long the chinese investments last. P.S. read up on Sri Lanka, donkey
There is where the money is...by joining nato,,,, those politician will get the money to stay in power They will not think for the best of the people , they only think the best for their own pocket and benefit
Non siete soli... ditemi dove si nasconderà la premier Meloni quando andando in giro per il mondo..."temere loqui".. incontrerà la Costituzione italiana e suo figlio. ( negletto ) l"art.11???
You right. I also met a Sweden civilian, they as civilians do not want to join NATO, it put you automatically in conflict and imminent danger as opposed when you stay out of it by being neutral. Politicians have a mental syndrome, power and greedy over powers them.
Great contribution Prof Wolf but I think you missed two very important contributing factors to the backfiring of the sanctions: The first one is this Russia has been preparing on many levels against sanctions by creating their own financial system independent from SWIFT, as well as becoming self sufficient in virtually all technological aspects. Russia had been under sanctions for a very long time and knew there was a sting possibility that even bigger sanction were on the way. The second big miscalculation was to trust the almost meaningless GDP measuring system that can easily be manipulated and inflated by adding factors that actually don't contribute to economy or output of any country. What really matters are 3 things: energy independence, having a highly qualified population and having a strong industrial base. Russia has all three and therefore could sustain any sanctions even without their allies in Asia (which definitely helped I'm not discounting that)
The main factor is naivety of Europe to think sanctions can crush Russia. As examples, North Korea and Iran are sanctioned for 20+ years and counting. The don't have the favourable factors and they're still not crushed. However for US the war does serve the purpose to distooth Russia and Europe so that they are no more a challenge to US. For Europe this is a stupid war to get involved, losing a lot economically, significantly increased security risks for no good reason, and have a huge drag in future growth.
Finland for example is loosing 500-600 millions euro per year because of these stupid sanctions. That's a lot of money for a small country like Finland but peanuts to Russia. We are shooting ourselves in the foot for believing in these stupid sanctions.
as an african i am amazed at how much racism is entrenched in the western world that you can say so much and not mention africa at all, we have so much oil and gas but we need longterm contracts but they are refusing to sign. europeans want it all for free. todays professors are such a let down. germany came here wanted oil and gas we were all willing to supply but they wanted short term contracts and ended up signing the same longterm contract with qatar, they couldnt imagine enriching an african country. worth mentioning i think
Africa is 1.3billion people, why don't we first think of trading among ourselves, Africa is importing oil from Russia, Saudi Arabia when we have Angola, Nigeria , Libya.
Africa must do what's best for Africa! Let Germany sink in the toilet! I am a native American from a reservation in Arizona, racism is the American way! We no longer have our land but Africa has everything to surpass the world! 💙💚💛
Prof. I am convince China is on the moved on the same track as you have mentioned. Xi said to Putin at the doorstep of Kremlin, "Right now there are changes that we haven't seen for 100 years, we will be the ones driving the changes together". And Putin Agrees....With China's Road Map and Russian Muscles its not going to be difficult to get things done.
China's goal is the dismantling of a Unipolar World where one country dictates to all and replace it with a Multi-Polar World where all countries have a say in and input in "International Laws."
Billions of money are wasted by US and Western countries for this war and it will Not take that much to promote peace. That amount of money should be used for building economy. Are western leaders all idiots? Can't read the evil and selfish intention of the US. Their economy is destroyed. They pretend to be wise but are foolish they thought they are strong but found to be weak. Pity to your children and your children's children. What would be the future of your country. 😢
It puzzles me to realise that the economic growth of Russia in the last 12 months is bigger than that of many European countries despite all the sanctions against Russia.
Russia took over the western assets within itself. They had a choice either to continue doing business, either sell it to someone for cheap (sometimes as cheap as 1 Ruble). If you just close it - they can get seized. They still can get it back afterwards, but the technology is already something that would stay in Russian businessmen' hands. Either way, with giants out of the market, some new locally produced stuff does stand a chance now (the most obvious example - coca cola. If before sanctions there was only coca and pepsi, now there are a few dozens, including old brands returning). This way Russia did manage to boost it's economy by seizing low-mid tech production, however, high tech is out of the reach, since it wasn't produced there. Basically they've exchanged potential technological advance for an instant economy boost. Importing high-tech & state-of-art tech would be incredibly hard & expensive. The collapse won't happen due to a fact that one of the few main lessons of USSR experiment was learnt - always produce more food & water than you can consume. As long as those are present and government has the means of controlling their prices (and Russia does have as a remnant of a plan economy), the nation wouldn't fall. Food, drinking water and electricity is a triad of must-have resources and Russia does have an abundance of them.
@@genelarson6849 you have been sleeping on the job, your fears are not mine of Russia economic progress. It is the same with China and India. Americans got lazy become arrogant, by the policy of America. Commerce by military intervention 😁😄
I am german, living in Greece . This Question of european following so closely the NATO US " politics '" is very urgent to me. I dodn t understand al those german " Politicians " at all. Thanks a lot to Mr Wolff
As a European, I agree with everything he says in this video. Europe is now being charged for all the years it piggybacked on NATO with little economic effort. USA is now trying to rip apart Europe for its own benefit and to avoid a strong economic union between Europe and Russia that won't happen. There is censorship subtly taking place in Europe and journalists who speak against the norm are brought to court. Thanks for sharing this great analysis from Richard Wofff in the USA.
@1 Freeze I know. I'm talking all countries, from Columbia to mexiko. the boarder to mexiko is on land, and twice as big. back then, they handled it perfectly.
Professor Wolff, thank you so much for coming out and explaining quite clearly and bluntly what exactly is wrong with our European leaders. As yet, we don´t know when they will realise what they´ve done wrong, and work out how to get us out of this mess, yet there is a glimmer of hope when individuals such as yourself discuss issues in the open. We can disseminate this information, then people will start talking about it and it will make a difference.
Europe and the West, have never integrated Africa, Asia and the Pacific block into their system. These areas were always exploited by them. They ignored the better way of living equally. Now we see the backlash and it's moving rapidly.
It's not a great analysis as a European. You go live in Russia if you think being under Russian control is so great. They don't give you freedom in Russia.
The Western leadership, which considers only a small percentage of the Western population to be the international community and dreams of making that small percentage of opinion the world's opinion, excluding the populations of India, China and Asia, still has a lot to see. Long live India Russia 👍
The fact is, the so-called Western world is relatively more advanced than any other part of the globe. However, it is undeniable the "decline of the West and its core value"; furthermore, some less advanced countries step up the ladder. The gap is getting narrow every single year. Briefly, there are a lot of changes from a geopolitics perspective.
Brazil, Russia, India China and South Africa, are the BRICS Nation's, now Iran, Saudi Arabia and Mexico wants to join them and now a few more African nations wish to join them also. So my question to all is this, what happens to US Hegemonic rule, when more African nations and others around the globe seek to join BRICS?
Professor Wolff is such a calm rational and even compassionate commentator of geopolitical realities. He is an economist who sees that balance and cooperation across global economies is necessary for world peace.
Brilliant as usual. Easy to understand clear and precise. If only he could be on mainstream media,the "sheeple "might become individuals and and realise how they've been duped and start thinking for themselves
Prof Wolff thank you for your analysis. One thing - the rapprochement if it happens between Saudi Arabia and Iran is not between the Sunni and the Shiite Muslims. The Wahhabi sect that dominates Saudi Arabia is as inimical to Sunni teaching as it is to the Shiites. Rather it's a political move that sets aside the religious differences between the two. We'll see if it works but I'm sure there are forces in the West and in Israel who will pull out all stops to ensure that it doesn't.
Ooo ... yes, the US has had many years of practice (particularly in Latin America) in supporting, then co-opting and then building on nefarious, or not, elements within societies so that eventually it'll leads to revolutions and coups. It's currently using that same strategy in countries in SE Asia.
It should work because the religious divide is artificial and imposed for power and control. If Protestants and Catholics can stop killing each other, so can the Sunni and Shiite. However, as you pointed out, the US and Israel will do their darnest to sabotage this peace deal.
You are right. And this will open another war ground similar to Ukraine. In the middle east. THE ONLY WAY FORWARD FOR ISREAL EU AND USA IS TO WAGE WARS In order to remove china from being a major player in international affairs. They European Isreal usa cant lose world hegemony.
Prof Wolf. A question you didn't bring up is what are the sanctions costing European economies? At one time, Russia and Iran were substantial markets for European businesses. How are they making up the loss of those markets?
Check they industries, they are in ruins. They are trying to make up those losses with China, but they have to seek permission from their master first...The objective of Ukraine's war is also to destroy EU economy and make it weak.
Europe wanted to reverse Trump's pull out of the JCPOA. Didn't happen. Western oil companies pulled out of Russia at a cost to the companies of many 10's of billions of dollars. The oil companies however made up for their losses and much more by gouging European consumers and businesses with ultra-high energy prices. Europe likely paid an extra trillion dollars for energy in 2022. But Europe is now an economic basket case. 100,000 strong protests in France. Massive rail and transport union strike in Germany. Large strikes by multiple unions in the UK. That and a looming bank crisis. Later in 2023 the BRICS will announce a BRICS buck, which will be used for international trade outside of the G7. The need for dollars will shrink dramatically.
I am dutch (Netherlands), i have listened for a long time to Richard wolf and for some time Michael Hudson, that guy is pure gold, wollfe also ofcourse🙂. The only problem i have my parents and others think i am a conspiracy theorist lol i just say it like it is, it's quite sad and do feel alone in this, there are not many people who see this. People don't believe that the corporate sector has its hands in government for quite some time, my parents think that mainstream media is trustworthy etc etc it's sad😔.
Usa n western warmongers all are not welcomed in Asia.... your evil intentions are easily recognised by all Asia with the exception of your famous p@riah slaves in india
Thank you so much Prof Wolff for the truth , when US and EU sanctions Russia they thought Russia would be on its knees in 3 weeks , Russians are very much intelligent they knew all about what US is planning . So they were prepared at the moment the Russian economy is growing fast , thanks again Prof Wolff for your POWERFUL KNOWLEDGE cheers
In my view you have left out one important point. I hypothesize that that leading EU-europeans believe that after breaking up Russia into 5 parts the US will allow them preferable terms concerning the exploitation of the riches of Russia.
If that was the plan the Europeans and the politicians and oligarchs of the US regime have hatched, they were treating Russia like how the European colonial regimes treat Africa back during 16th through 19th Century. Well, quite a few European regimes and the US tried on China during 18th through 19th Century, but they failed. One would wonder what makes Europeans and those in power in the US regime think they could do it again and Russia was their target doomed to be victimized by them?
I completely agree with this view and it’s one I have expressed myself. I’ve no doubt the Europeans were promised a quick end to hostilities, so no cost to them. US sanctions would quickly cripple the Russian economy and a more compliant leader would replace Putin. US and EU businesses would profit mightily from the return of corrupt oligarchs and Russian wealth would be stolen once again, as it was under Boris Yeltsin.
One of the best explanation on the current situation between Western countries, Japan, S Korea, Australian and country of the South .Keep up the good works.
As a American of African descent I absolutely love it. To hear the government talk about helping Africa in hopes to persuade them from doing business with China is the funniest thing ever! We’re living in a unique time, it’s definitely a humbling experience for some. we are going to see a regime change🎉😂.
You are very right it puzzled me from the beginning but you thoroughly explained it the educated way and I know now how stupid Europe was and instead of wholeheartedly approach Russia and benefit from the rich resources pushed her into the arms of China and soon EU will be bankrupt
yeah, Dinos, why let ethics interfere with commerce! you would have recommended doing trade with Nazi Germany and "benefit from the rich resources" which thy had violently conquered from the countries they invaded! good for you , ppeople with no moral compass have an easier time getting rich!
We have banned petrol and diesel cars by 2030 and gas boilers in new homes with the idea of net zero by 2050. The leaders in Europe are trying to run in all directions at once.
But thats the whole point. None of this areas/countries was benefitting. There was so little benefit, that there were nothing to share. Low and uneducated people cant raise livingstandards apart from 0 to a very low level. Nothing new were implmented. It was a lazybum system with no responsible and loay people to increase anything in most levels. there by that were no structures for production and distributioin. Putin cvanrt even get in tax to the dying healtcare sector.
Russia is not only resources, but also a huge scientific potential. Two-thirds of discoveries in the last 30 years have been made by Russians. Even the modern production of microchips is a Soviet development. Russia has learned a very useful lesson. You can not rely on anyone, so everything from modern raw materials to the final high-tech product will be produced in Russia.
I believe that the European leaders know, by now, that their choice to support USA in punishing Russia is very damaging to their own economies. But the key reason why they don't back down is because their personal political reputation would be at risk if they do back down and also because it is "OTHER PEOPLE's MONEY". They don't care as the millions of ordinary people are paying for it.
"The world is changing" I thought I should just grab that part because to me it captures perfectly your message and I'm afraid that Europe and America will not change simply because as u said those politicians grew up with a mindset that is fixed on what they've been doing over the years. My worry is their populations will suffer as a result.
FACT : Europe is a semi American colony 😢 Colonies don't "choose", they never have a choice. European policy on Ukraine was not out of choice. NATO states do not have sovereignty to choose.
Very valid point ,so simple ... Once those ex eastern block countries joined NATO they loose they soveregnity very true They did have choice / Not to join NATO in the first place ,very shortsighted decision with huge consequences for everyone involved
@@cheguevara5560 not to mention those US military bases inside many NATO states. One can't call self a sovereign country with foreign military bases within its borders, they are literally occupying parts of those states
@@hujiannong What can I say .... I served two years in Warsaw pact army in Czechoslovakia in early 80es very close to West German border and we were aware they were NATO troops on the other side but no one really cared , The ballance of the power between west and east mean security for whole Europe at that time . Fast forward to 89 Berlin wall and collapse of USSR and this " balance of power " was destroyed by NATO expansion The consequences are the war in Ukraine ,where anti Russian sentiment was fueled prior to the war ,US medling in Ukraine internal affairs 2014 Maidan in Kiew ... Nothing new here ,select pro US western liberal politicians in those "eastern block" countries put them on your payrol and within few years they will open they borders to NATO and that exactly what they did . They become vazal states and vazal is not a free person to decide his faith and future
NATO states joined voluntarily and can leave voluntarily. Your statement that they lack the sovereignty to choose makes no sense. What is a semi-American colony?
Thanks once again, Prof Wolff! Short, clear, persuasive, and to the point. Between you and Yanis Varoufakis, I'm getting a good foundation in economics, and global politics.
I agree with you Professor they did it out of habit, but they also did it out of venality in the form of cash stuffed envelopes and other goodies. What else could it possibly be ?
You don't know how distressing it is for me to see my country, headed by the unelected Rishi Rich Sunak, be the most enthusiastic puppy dog of the United States. Now we have pledged depleted uranium shells, I despair, what will become of Britain.
I really like your way of making even complex matters seem easier to us Thanks for the video it helps to understand what's going on and to predict the future Thanks again
i certainly hope European governments take time to reflect on their relationship with the US and begin thinking about the needs and wants of their own citizens
Europe still has a colonial outlook. Another disastrous decision they took was to take Indonesia to the WTO over Indonesia's 2020 decision to stop the export of unprocessed minerals, the key one being nickel, Indonesia being the world's largest producer and exporter. This cost European refineries dearly and they weren't going to take that decision lying down. In fact Europe won their case, but they won't be getting any unrefined ore from Indonesia, all they've done is make one more enemy to add to a long list. China was also affected by this decision, so what did they do? Build refineries in Indonesia!
Recently, the SCO (Shanghai Cooperation Organization) accepted Iran's membership which comes in with its oil-bourse. Meanwhile, Iran is selling giant gas turbines and cars and other things with Russia. Remember, Iran has decades of experience and accumulated knowledge in circumventing sanctions and can not only trade with Russia, but teach them some sanction busting techniques. In return, Russia is helping Iran build its peaceful nuclear infrastructure to create energy and medicines. Russia is now also able to access Iran's warm waters. The North-South corridor is shipping goods from St. Petersburg to Chabahar port and then shipped off through the Arabian sea. That's just the tip of the iceberg of new relations that Russia has available to it. BRICS is significant, but there are many other countries that prefer doing business with Russia. Each country by itself might not be a game-changer, but together with other countries, they give Russia more than it had before. Also, these countries are trading in local currencies and bartering. This is good news for the world. The petrodollar hegemony is fading.
@@johnnyoravec Indians living in India has nothing to do with those who leave the country and go to US। If you people don't like them, kick them out। We don't care। Hope that solves the problem। And about taking side: nope thank you। Mind your own।
Prof Wollf; thanks for all the clear informa- cion that you provided on the present report. At least, we your conversation, we are able to see the light at the end of the tunnel.
Great analysis. I think it also played an important role a long standing psicological position of arrogance with respect to a great part of the world. This is there since the centuries of imperialism and does not show any signs of retreating. I feel the europeans sometimes appear very naive in their understanding of the world because their arrogance do not allow them to realy listen to others.
They do but nato is comparable to a street gang in which the LEADER decides. , where, what, who and when attack the next street gang - - the soldiers obey
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Superb !! What a mind !! Perhaps the Americans and Europeans do not like to hear the true but this is the true !! Thank you professor !!
I have the same question, why Europe is aligned blindly with the United States despite the widespread political corruptions, violence, and ignorance !!
Because birds of a feather flock together. And the corrupted, the violent, and the ignorant tend to flock together, too.
for same reason as cancelor sholze pretend he doesnt know who crashed nord stream. pure terroristic attack on his country - and he has no reaction
European elites are naive and/or cowardly, it really is that simple. If they had refused Bush in 2008 in promising Ukraine and Georgia that they would be accepted into NATO, the war wouldn´t have happened!
Because if you not the puppet, you're are the enemy. Coupled with short term interest and mass media, government with 40-50% popular vote easily toppled over. Latest example is new Zealand leader ousted
Whenever the yank poops the euros scream DINNER . More pls !
Europe has been in denial for over a century now not having what it takes to admit that the US manipulates European politics to its advantage at the expense of the hard working European folk.
France is literally the only country that has even attempted not bend over and smile... But France without a soverign Germany is hamstrung
You think the hard working European folk run Europe?
Europe think they're cooler than USA. Delusional
Putin wanted the empire back.
They asked NATO out of Eastern Europe and US army out of Europe.
Europe has lost its marbles and sadly are vassals to the US
sanctioning isolated Russia is like stop talking to an introvert people, they feels nothing at all😅
Russia has been expecting this for years. They were prepared for this exact moment.
Certainly much better prepared than NATO, yes. Also, I think NATO were fooled to some extent by the enthusiasm and will to deliver all the right answers among the Ukrainian "new elite" the West has been training over the last ten years. It must have made the Americans and west Europeans think "yes, these guys are going to make it! They're able to defeat the Russians if we'll just give them the right equipment!".
Kkkkkkkkk,does NATO have a backbone?
Why are they swelled in whatever direction the wind blows?
Where is the integrity?
@@louise_rosesure dummy except what's taking Putin so long it's close to 2 1/2 years since that the special military operation began?
@@louise_rosePutin played the fool invading Ukraine thousands of young men are dead because of that asswhole pardon my spelling the fine Russian citizens deserve better than that flaming jerk
Wolff is a joke as a valid economist his dialogue is a muddled hodgepodge of discarded marxist assumptions
Europe thought they could pivot to Africa but Africa had already pivoted to China
Yes, Professor, you are right. Europe thought that Russia would collapse and Europe will be sharing big chunks of the collapsed country's resources and wealth with the US. Unfortunately it did not turn out as always in the past, and instead today Europe is losing its competitive edge in the world and would have to struggle day by day to make a living.
From christian catholics crusades against Nevsky 's christian orthodox russian people to New crusades ( AMERICA EU Israel vatican). Against putin's Cristian orthodox COMUNIST RUSSIAN PEOPLE nothing Is changed.....
>"Europe thought that Russia would collapse"
Take a look at other sanctioned countries, which are smaller and poorer than Russia: Cuba, North Korea, Iran. These countries were SANCTIONED FOR DECADES, and they did not collapse: Fidel Castro remained in power for 50 years in Cuba; the ayatollahs remained in power in Iran; the Kim family remained in power in N. Korea.
No politician could have believed that Russia was going to collapse in 1 year, because of sanctions.
Europe acted stupidly and Now they get what they wanted from the west and Europe was really stupid...
Russia did not collapse in 90th of last century and it had not any reason to collapse under new sanctions since Russians have been under western sanctions over more than last 100 years and they had over 500 billions in reserves .He is pushing propaganda on you to make you believe that it was a mistake but puppets can not make mistakes they do what a master makes them to do
Only Sub servant European politician would have thought Russia, will fall a part, and Glory to NATO.
They certainly under estimated Russian friends, all the Countries under USA, and Europe sanction. All the Countries that trying to get rid of DOLLAR from their trade, All the countries that have seen enough of Hypocracy and war machine of the West.
Thank you for your valuable video. In my opinion, the US NATO trapped Russia into war in Donbass by pretending to support the Minsk Agreements, while at the same time arming the Ukraine regime to NATO standard.
Russia was expected to disentegrate after President Putin was deposed.
Then there would be a scramble for Russian resourses by the EU and US similar to the 1880's colonial Scramble for Africa. They envisaged an area from the Dniper River right thru the component states of the former Soviet Union to the border of China.
But, Russia has not collapsed.
Now, the threat to the EU NATO is that a new polarity is being established by BRIC countries.
It it something to look forward to.
Well said
. . ." & The Country / Countries Applying for the Brics."
Nice to see someone understands geopolitics...
So they trained ukraine to NATO standards and then predicted if russia invades, kiev would fall within days? Ok dumbo. And if the BRICS countries hate the west so much, let's see how much they will like their new chinese overlords. Third, none of those countries have a stable goverment or a proper democracy - lets see how long the chinese investments last. P.S. read up on Sri Lanka, donkey
Exactly.
And as a citizen of Finland I am thinking - what have our stupid politicians done??? We should have stayed a neutral country not joining NATO. 😢
There is where the money is...by joining nato,,,, those politician will get the money to stay in power
They will not think for the best of the people , they only think the best for their own pocket and benefit
Good luck for the people in Finland
Demand your next PM not use cocaine before breakfast.
Non siete soli... ditemi dove si nasconderà la premier Meloni quando andando in giro per il mondo..."temere loqui".. incontrerà la Costituzione italiana e suo figlio. ( negletto ) l"art.11???
You right. I also met a Sweden civilian, they as civilians do not want to join NATO, it put you automatically in conflict and imminent danger as opposed when you stay out of it by being neutral. Politicians have a mental syndrome, power and greedy over powers them.
Great contribution Prof Wolf but I think you missed two very important contributing factors to the backfiring of the sanctions: The first one is this Russia has been preparing on many levels against sanctions by creating their own financial system independent from SWIFT, as well as becoming self sufficient in virtually all technological aspects. Russia had been under sanctions for a very long time and knew there was a sting possibility that even bigger sanction were on the way.
The second big miscalculation was to trust the almost meaningless GDP measuring system that can easily be manipulated and inflated by adding factors that actually don't contribute to economy or output of any country. What really matters are 3 things: energy independence, having a highly qualified population and having a strong industrial base. Russia has all three and therefore could sustain any sanctions even without their allies in Asia (which definitely helped I'm not discounting that)
The main factor is naivety of Europe to think sanctions can crush Russia.
As examples, North Korea and Iran are sanctioned for 20+ years and counting. The don't have the favourable factors and they're still not crushed.
However for US the war does serve the purpose to distooth Russia and Europe so that they are no more a challenge to US.
For Europe this is a stupid war to get involved, losing a lot economically, significantly increased security risks for no good reason, and have a huge drag in future growth.
Finland for example is loosing 500-600 millions euro per year because of these stupid sanctions. That's a lot of money for a small country like Finland but peanuts to Russia. We are shooting ourselves in the foot for believing in these stupid sanctions.
Cuba has been under sanctions for over 60 years and it has not been crushed either.@@freefree1219
China, India and the global south will not care NATO sanctions Russia. We know who the real trouble makers are. It is definitely not Russia.
Good analysis!
as an african i am amazed at how much racism is entrenched in the western world that you can say so much and not mention africa at all, we have so much oil and gas but we need longterm contracts but they are refusing to sign. europeans want it all for free. todays professors are such a let down. germany came here wanted oil and gas we were all willing to supply but they wanted short term contracts and ended up signing the same longterm contract with qatar, they couldnt imagine enriching an african country. worth mentioning i think
Africa is 1.3billion people, why don't we first think of trading among ourselves, Africa is importing oil from Russia, Saudi Arabia when we have Angola, Nigeria , Libya.
Bro this video isn't even about Africa so I'm not expecting him to speak about it
@@NoRockinMansLand you missed the point completely.....
Do you work in the oil industry?
Africa must do what's best for Africa! Let Germany sink in the toilet! I am a native American from a reservation in Arizona, racism is the American way! We no longer have our land but Africa has everything to surpass the world! 💙💚💛
Prof. I am convince China is on the moved on the same track as you have mentioned. Xi said to Putin at the doorstep of Kremlin, "Right now there are changes that we haven't seen for 100 years, we will be the ones driving the changes together". And Putin Agrees....With China's Road Map and Russian Muscles its not going to be difficult to get things done.
China's goal is the dismantling of a Unipolar World where one country dictates to all and replace it with a Multi-Polar World where all countries have a say in and input in "International Laws."
Russian muscles? 🤣 Russia and China are both headed towards demographic collapse.
Agreed. RIP American hegemony
@@kobked-x RIP China and Russia. Demographic collapse coming up.
Billions of money are wasted by US and Western countries for this war and it will Not take that much to promote peace.
That amount of money should be used for building economy. Are western leaders all idiots? Can't read the evil and selfish intention of the US. Their economy is destroyed. They pretend to be wise but are foolish they thought they are strong but found to be weak. Pity to your children and your children's children. What would be the future of your country. 😢
It puzzles me to realise that the economic growth of Russia in the last 12 months is bigger than that of many European countries despite all the sanctions against Russia.
Since the days before Rome, commerce requires peace and stability. What is war without profit?
Russia took over the western assets within itself. They had a choice either to continue doing business, either sell it to someone for cheap (sometimes as cheap as 1 Ruble). If you just close it - they can get seized. They still can get it back afterwards, but the technology is already something that would stay in Russian businessmen' hands. Either way, with giants out of the market, some new locally produced stuff does stand a chance now (the most obvious example - coca cola. If before sanctions there was only coca and pepsi, now there are a few dozens, including old brands returning).
This way Russia did manage to boost it's economy by seizing low-mid tech production, however, high tech is out of the reach, since it wasn't produced there. Basically they've exchanged potential technological advance for an instant economy boost. Importing high-tech & state-of-art tech would be incredibly hard & expensive. The collapse won't happen due to a fact that one of the few main lessons of USSR experiment was learnt - always produce more food & water than you can consume. As long as those are present and government has the means of controlling their prices (and Russia does have as a remnant of a plan economy), the nation wouldn't fall. Food, drinking water and electricity is a triad of must-have resources and Russia does have an abundance of them.
Wtf, you're straight up lying and people believe this shit?
Russia's economy has done terribly in the past 12 months
@@felixbruette4793who says Russia has economic growth where did this fact come from? I know the Kremlin
@@genelarson6849 you have been sleeping on the job, your fears are not mine of Russia economic progress. It is the same with China and India. Americans got lazy become arrogant, by the policy of America. Commerce by military intervention 😁😄
I am german, living in Greece . This Question of european following so closely the NATO US " politics '" is very urgent to me. I dodn t understand al those german " Politicians " at all. Thanks a lot to Mr Wolff
As a European, I agree with everything he says in this video. Europe is now being charged for all the years it piggybacked on NATO with little economic effort. USA is now trying to rip apart Europe for its own benefit and to avoid a strong economic union between Europe and Russia that won't happen. There is censorship subtly taking place in Europe and journalists who speak against the norm are brought to court. Thanks for sharing this great analysis from Richard Wofff in the USA.
One day you will be turned into slaves and pay for your past, your mom, sister daughter will be sex slaves, get ready for it😊
Imagine Russia builds a "defensive block" like NATO, from Columbia all up to Mexiko. I would love to see the U.S. reactions 😂
That could happen, if they all join BRICS. By that time the USA would be powerless to act, too busy propping up the dollar.
1962 Cuban Missile Crisis
@1 Freeze I know. I'm talking all countries, from Columbia to mexiko. the boarder to mexiko is on land, and twice as big.
back then, they handled it perfectly.
I’m looking forward to a multi polar world goodbye Uncle Sam 😂😂😂
That's the Unipolar world thinking Russia and China is doing without it.
Professor Wolff, thank you so much for coming out and explaining quite clearly and bluntly what exactly is wrong with our European leaders. As yet, we don´t know when they will realise what they´ve done wrong, and work out how to get us out of this mess, yet there is a glimmer of hope when individuals such as yourself discuss issues in the open. We can disseminate this information, then people will start talking about it and it will make a difference.
Wolff is a fascist, imperialist propagandist at this point.
Europe and the West, have never integrated Africa, Asia and the Pacific block into their system. These areas were always exploited by them. They ignored the better way of living equally. Now we see the backlash and it's moving rapidly.
Gli americani sono colonizzatori da insediamento figli derelitti dei poveri europei.... quindi NATO e USA stesse radici guerrafondaie...
No language barrier to wisdom
From Canada: the analysis you have mentioned is great. It's good to understand the difficult situation in the war of Ukraine.
It's not a great analysis as a European. You go live in Russia if you think being under Russian control is so great. They don't give you freedom in Russia.
Thanks Prof for your honesty and telling the Western European countries where they went wrong and still have time to redeem themselves
The Western leadership, which considers only a small percentage of the Western population to be the international community and dreams of making that small percentage of opinion the world's opinion, excluding the populations of India, China and Asia, still has a lot to see. Long live India Russia 👍
Although, the West will keep trying to put a hedge, between the friendship of India and Russia. I believe, both governments know this.
Long live emperor Putin. we love you from Africa
The fact is, the so-called Western world is relatively more advanced than any other part of the globe. However, it is undeniable the "decline of the West and its core value"; furthermore, some less advanced countries step up the ladder. The gap is getting narrow every single year.
Briefly, there are a lot of changes from a geopolitics perspective.
Well said
@@pier3800😊
Prof. Wolff very strong message.. Definitely send your message to many people around two countries Sweden and Iran..
With all respect for Prof. Wolff
Brazil, Russia, India China and South Africa, are the BRICS Nation's, now Iran, Saudi Arabia and Mexico wants to join them and now a few more African nations wish to join them also.
So my question to all is this, what happens to US Hegemonic rule, when more African nations and others around the globe seek to join BRICS?
Interesting
US Hegemonic rule is dead... The US-African summit of 2022 proved it.. So did the speech of the Mexican president.
@@petroskyrillos illegal immigration
You are smoking crack if you think Mexico wants to fuck up relations with USA.
What happen ? We’ll the yank needs to get used to hear “ click “ when they phone countries . Nobody cares !
Professor Wolff is such a calm rational and even compassionate commentator of geopolitical realities. He is an economist who sees that balance and cooperation across global economies is necessary for world peace.
Brilliant as usual. Easy to understand clear and precise. If only he could be on mainstream media,the "sheeple "might become individuals and and realise how they've been duped and start thinking for themselves
Prof Wolff thank you for your analysis. One thing - the rapprochement if it happens between Saudi Arabia and Iran is not between the Sunni and the Shiite Muslims. The Wahhabi sect that dominates Saudi Arabia is as inimical to Sunni teaching as it is to the Shiites. Rather it's a political move that sets aside the religious differences between the two. We'll see if it works but I'm sure there are forces in the West and in Israel who will pull out all stops to ensure that it doesn't.
The satanic trinity of the USA UK and Israel will not be happy.
if it cracks happen again, then muslim r stupid than they thought they r smart
Ooo ... yes, the US has had many years of practice (particularly in Latin America) in supporting, then co-opting and then building on nefarious, or not, elements within societies so that eventually it'll leads to revolutions and coups. It's currently using that same strategy in countries in SE Asia.
It should work because the religious divide is artificial and imposed for power and control. If Protestants and Catholics can stop killing each other, so can the Sunni and Shiite. However, as you pointed out, the US and Israel will do their darnest to sabotage this peace deal.
You are right. And this will open another war ground similar to Ukraine. In the middle east. THE ONLY WAY FORWARD FOR ISREAL EU AND USA IS TO WAGE WARS In order to remove china from being a major player in international affairs. They European Isreal usa cant lose world hegemony.
Prof Wolf. A question you didn't bring up is what are the sanctions costing European economies? At one time, Russia and Iran were substantial markets for European businesses. How are they making up the loss of those markets?
Check they industries, they are in ruins. They are trying to make up those losses with China, but they have to seek permission from their master first...The objective of Ukraine's war is also to destroy EU economy and make it weak.
No they weren't.
@@HM-hu4hu They back fire at their economy and commit a political suicide
Europe wanted to reverse Trump's pull out of the JCPOA. Didn't happen. Western oil companies pulled out of Russia at a cost to the companies of many 10's of billions of dollars. The oil companies however made up for their losses and much more by gouging European consumers and businesses with ultra-high energy prices. Europe likely paid an extra trillion dollars for energy in 2022. But Europe is now an economic basket case. 100,000 strong protests in France. Massive rail and transport union strike in Germany. Large strikes by multiple unions in the UK. That and a looming bank crisis. Later in 2023 the BRICS will announce a BRICS buck, which will be used for international trade outside of the G7. The need for dollars will shrink dramatically.
@@HM-hu4hu Wrong
Prof. Wolf, I will hope that the Europeans watch and listen to your analysis. Its a bitter pill but objective
Of course they won't. Europeans don't support a fascist dictatorship's imperialist war in Europe. Wolff is clueless.
I am dutch (Netherlands), i have listened for a long time to Richard wolf and for some time Michael Hudson, that guy is pure gold, wollfe also ofcourse🙂. The only problem i have my parents and others think i am a conspiracy theorist lol i just say it like it is, it's quite sad and do feel alone in this, there are not many people who see this. People don't believe that the corporate sector has its hands in government for quite some time, my parents think that mainstream media is trustworthy etc etc it's sad😔.
Too late
@@ciararespect4296 yep i think that too
Usa n western warmongers all are not welcomed in Asia.... your evil intentions are easily recognised by all Asia with the exception of your famous p@riah slaves in india
Thank you so much Prof Wolff for the truth , when US and EU sanctions Russia they thought Russia would be on its knees in 3 weeks , Russians are very much intelligent they knew all about what US is planning . So they were prepared at the moment the Russian economy is growing fast , thanks again Prof Wolff for your POWERFUL KNOWLEDGE cheers
Respect for you, Dr. Richard Wolff! Greetings from a Dutchman!
In my view you have left out one important point. I hypothesize that that leading EU-europeans believe that after breaking up Russia into 5 parts the US will allow them preferable terms concerning the exploitation of the riches of Russia.
If that was the plan the Europeans and the politicians and oligarchs of the US regime have hatched, they were treating Russia like how the European colonial regimes treat Africa back during 16th through 19th Century.
Well, quite a few European regimes and the US tried on China during 18th through 19th Century, but they failed.
One would wonder what makes Europeans and those in power in the US regime think they could do it again and Russia was their target doomed to be victimized by them?
yes, like they did with France building the Submarine for Australia and many other deals..
I completely agree with this view and it’s one I have expressed myself. I’ve no doubt the Europeans were promised a quick end to hostilities, so no cost to them. US sanctions would quickly cripple the Russian economy and a more compliant leader would replace Putin. US and EU businesses would profit mightily from the return of corrupt oligarchs and Russian wealth would be stolen once again, as it was under Boris Yeltsin.
Russia is carving up Ukraine f face. 🇺🇸🇺🇦🇪🇺🇩🇪🇵🇱🇭🇷
That sounds completely nuts.
One of the best explanation on the current situation between Western countries, Japan, S Korea, Australian and country of the South .Keep up the good works.
Thanks again for a crisp and clear appaisal.
As a American of African descent I absolutely love it. To hear the government talk about helping Africa in hopes to persuade them from doing business with China is the funniest thing ever! We’re living in a unique time, it’s definitely a humbling experience for some. we are going to see a regime change🎉😂.
Brilliant analysis by Prof Wolff, the tide is shifting and we have only ourselves to blame for this debacle
Excellent analysis Prof. Wolff. Thank you.
Whe You start with false anything after is true even its false too.
You are very right it puzzled me from the beginning but you thoroughly explained it the educated way and I know now how stupid Europe was and instead of wholeheartedly approach Russia and benefit from the rich resources pushed her into the arms of China and soon EU will be bankrupt
yeah, Dinos, why let ethics interfere with commerce! you would have recommended doing trade with Nazi Germany and "benefit from the rich resources" which thy had violently conquered from the countries they invaded! good for you , ppeople with no moral compass have an easier time getting rich!
We have banned petrol and diesel cars by 2030 and gas boilers in new homes with the idea of net zero by 2050. The leaders in Europe are trying to run in all directions at once.
But thats the whole point. None of this areas/countries was benefitting.
There was so little benefit, that there were nothing to share.
Low and uneducated people cant raise livingstandards apart from 0 to a very low level. Nothing new were implmented. It was a lazybum system with no responsible and loay people to increase anything in most levels.
there by that were no structures for production and distributioin. Putin cvanrt even get in tax to the dying healtcare sector.
Russia is not only resources, but also a huge scientific potential.
Two-thirds of discoveries in the last 30 years have been made by Russians. Even the modern production of microchips is a Soviet development. Russia has learned a very useful lesson. You can not rely on anyone, so everything from modern raw materials to the final high-tech product will be produced in Russia.
@@ФеликсДзержинский-ф2ш You are also going to learn that war is expensive
Thank you so much Prof Wolff 🙏🏽🙏🏽
Excellent, thanks for the truth.
The anguish in Europe is not "Did we choose wrong?" It is: "When the nuclear war starts, we get nuked and the US don't."
Listening to you has helped me tremendously in my studies as a Political Economist.
❤️ Professor Wolff - very accurate, and well said 👍
Great explanation as always from prof. Wolff. Thank you. 🙏🙏👍👍
I believe that the European leaders know, by now, that their choice to support USA in punishing Russia is very damaging to their own economies. But the key reason why they don't back down is because their personal political reputation would be at risk if they do back down and also because it is "OTHER PEOPLE's MONEY". They don't care as the millions of ordinary people are paying for it.
A wise teacher is a gift from God. Thank you, Professor.
"The world is changing" I thought I should just grab that part because to me it captures perfectly your message and I'm afraid that Europe and America will not change simply because as u said those politicians grew up with a mindset that is fixed on what they've been doing over the years. My worry is their populations will suffer as a result.
Prof Wolff very well said, very clear, thank you very much, how i wish everyone would have seen this report and comment of yours. thank you really.
Thanks!
FACT : Europe is a semi American colony 😢
Colonies don't "choose", they never have a choice.
European policy on Ukraine was not out of choice.
NATO states do not have sovereignty to choose.
Very valid point ,so simple ...
Once those ex eastern block countries joined NATO they loose they soveregnity very true
They did have choice / Not to join NATO in the first place ,very shortsighted decision with huge consequences for everyone involved
@@cheguevara5560 not to mention those US military bases inside many NATO states. One can't call self a sovereign country with foreign military bases within its borders, they are literally occupying parts of those states
@@hujiannong What can I say ....
I served two years in Warsaw pact army in Czechoslovakia in early 80es very close to West German border and we were aware they were NATO troops on the other side but no one really cared ,
The ballance of the power between west and east mean security for whole Europe at that time .
Fast forward to 89 Berlin wall and collapse of USSR and this " balance of power " was destroyed by NATO expansion
The consequences are the war in Ukraine ,where anti Russian sentiment was fueled prior to the war ,US medling in Ukraine internal affairs 2014 Maidan in Kiew ... Nothing new here ,select pro US western liberal politicians in those "eastern block" countries put them on your payrol and within few years they will open they borders to NATO and that exactly what they did .
They become vazal states and vazal is not a free person to decide his faith and future
NATO states joined voluntarily and can leave voluntarily. Your statement that they lack the sovereignty to choose makes no sense. What is a semi-American colony?
As clear as water, thanks professor Wolff for sharing tour knowledge with us, all the best and keep spreading the word.
We have to do our part too spreading it comrades ✌️
KABIR ALMIGHTY GOD is CREATOR of all souls
@@YTcensors what about that thing being the creator of all corks n cants
@@Junksaint the fall will be hard
Why not help make it easier by speeding up the process of decolonizing usa n europe
@YTCensors 😮😮😮😮OMG , I hope someday soon you’ll find your soul and find out how WRONG this statement of yours is.
I love watching and listening to Prof.
I have just found your site today and am so grateful for your time, knowledge and willingness to share with all
prof. This is so meticulously spot on.
Extremely well analysed and well explained, but as a UK citizen I'm still not sure why we have skin in the game.
Thank you Prof. Wolf. Your analysis is as clear as water.
Thank you, professor, for your deep analysis of the current situation. I share your video with my students.
From Canada I follow you in every video you have made. Thank you professor.
Well said. Keep it up Proffesor Woff.
Wow! This is a awesome presentation!
Brilliant analysis as always from Prof Wolff; thank you very much
Brilliant analysis professor Wolff.
Very good analysis and commentaries.
Thanks once again, Prof Wolff! Short, clear, persuasive, and to the point. Between you and Yanis Varoufakis, I'm getting a good foundation in economics, and global politics.
My salute to Professor Wolf 🐺!!
I really love this brave and wise man
Thank you sir for your time and information😊
Thank you!!!
the best analysis.
I agree with you Professor they did it out of habit, but they also did it out of venality in the form of cash stuffed envelopes and other goodies. What else could it possibly be ?
Exactly. Uk top dogs selling the Uk people out. Even before they loved the oligarchs. Follow the money as usual
German automakers like BMW. Volkswagen and Benz would be in big trouble without the U.S. market and the Germans know it.
@ BooBoo...Personal greed and betrayal.
Powerful insight as usual, professor.Thanks.
You don't know how distressing it is for me to see my country, headed by the unelected Rishi Rich Sunak, be the most enthusiastic puppy dog of the United States.
Now we have pledged depleted uranium shells, I despair, what will become of Britain.
Thank you Professor Wolff !
I'm luck to review this matter with the "Master"! Thank you!
Very good and frank and knowledgeable video. Watching from Singapore
I really like your way of making even complex matters seem easier to us
Thanks for the video it helps to understand what's going on and to predict the future
Thanks again
i certainly hope European governments take time to reflect on their relationship with the US and begin thinking about the needs and wants of their own citizens
Europe still has a colonial outlook. Another disastrous decision they took was to take Indonesia to the WTO over Indonesia's 2020 decision to stop the export of unprocessed minerals, the key one being nickel, Indonesia being the world's largest producer and exporter. This cost European refineries dearly and they weren't going to take that decision lying down. In fact Europe won their case, but they won't be getting any unrefined ore from Indonesia, all they've done is make one more enemy to add to a long list. China was also affected by this decision, so what did they do? Build refineries in Indonesia!
Good answer, thank you for the truth.
Wonderful post!.....thank you!
Excellent posting. Shared to my Twitter page
Recently, the SCO (Shanghai Cooperation Organization) accepted Iran's membership which comes in with its oil-bourse. Meanwhile, Iran is selling giant gas turbines and cars and other things with Russia. Remember, Iran has decades of experience and accumulated knowledge in circumventing sanctions and can not only trade with Russia, but teach them some sanction busting techniques. In return, Russia is helping Iran build its peaceful nuclear infrastructure to create energy and medicines. Russia is now also able to access Iran's warm waters. The North-South corridor is shipping goods from St. Petersburg to Chabahar port and then shipped off through the Arabian sea. That's just the tip of the iceberg of new relations that Russia has available to it. BRICS is significant, but there are many other countries that prefer doing business with Russia. Each country by itself might not be a game-changer, but together with other countries, they give Russia more than it had before. Also, these countries are trading in local currencies and bartering. This is good news for the world. The petrodollar hegemony is fading.
As a citizen of India, I think my country is better placed in the world today than many countries which are part of either of the blocks.
You duckers better decide who’s side you are on. You took American jobs and side with Russia. Good luck.
@@johnnyoravec Indians living in India has nothing to do with those who leave the country and go to US। If you people don't like them, kick them out। We don't care। Hope that solves the problem। And about taking side: nope thank you। Mind your own।
@@miliaurora1038 I was talking about the ones working the boiler room phone banks in India aka our customer service lines.
@@johnnyoravec don’t give them that’s it
Spot on
Brilliant
Absolutely
Very clear
Spot on... from Australia.
clearly expressed.
You nailed it professor Wolf😂😂😢😅. Always On the money 🤑💰
Awesome analysis!
Excellent analysis Mr Wolff, I agree on every point! Thank you!
Clear, sharp analysis
Very informative and well explained, thank you.
Thank you for taking the time to make these videos and inform us all. You do and have done a great service for democracy and the people.
Many thanks Dr Wolff 🎉
Great speech.
With love from India ❤❤❤
Prof Wollf; thanks for all the clear informa-
cion that you provided
on the present report.
At least, we your conversation, we are able to see the light at the end of the tunnel.
Thank you Prof Wolff. Your input and work for informing us is very valuable for us.
Excellent analysis!
Great analysis. I think it also played an important role a long standing psicological position of arrogance with respect to a great part of the world. This is there since the centuries of imperialism and does not show any signs of retreating. I feel the europeans sometimes appear very naive in their understanding of the world because their arrogance do not allow them to realy listen to others.
They do but nato is comparable to a street gang in which the LEADER decides. , where, what, who and when attack the next street gang - - the soldiers obey
Thanks Dr Wolff. Had been a long time admirer of yours
Outstanding commentary. I really enjoyed the perspectives presented. Thoughtful, well reasoned and provocative
So an economics professor doesn't mention Purchasing Power Parity ?