Today’s Bizarre Cold War Rhetoric: China’s Socialism in U.S. Media - Economic Update

Prof Wolff explains how political propaganda obscures our understandings of capitalism and socialism, then dives into the “hot button“ issues that feed Cold War rhetoric and don’t reflect the economic differences between the U.S. and China “It’s hard to talk about China because we are now engaged... in what is looking more and more like another Cold War... One of the first casualties of the Cold War with Russia was the end of any possibility of a balanced conversation about the strengths & weaknesses of the Soviet Union relative to the United States. And it is becoming increasingly difficult to have that conversation about China, and it’s again for the same reason.“ - Richard Wolff This is a clip from S11 E40 of Economic Update: “China & Inflation: Real Analyses, Not BS“ Watch the full episode on our YouTube channel at