Glenn Diesen - Greater Eurasia Podcast

Richard Wolff: China Won the Economic War & the West Fragments

9 snips
Jan 24, 2026
Richard Wolff, economist and professor known for critiques of capitalism and comparative economic systems. He argues China’s rise is reshaping global power. He traces Western unipolar hubris and failed containment strategies. He links domestic inequality to geopolitical weakness. He provocatively imagines European alignment shifts and practical China-EU industrial partnerships.
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INSIGHT

China Reshaped Global Order

  • China’s rise is the single transformative force reshaping global power and Western decline.
  • Everything the West tried to stop China has failed and time is now on China's side.
ANECDOTE

Personal European‑American Perspective

  • Richard Wolff recounts his American upbringing with deep European roots and languages.
  • He uses this background to frame his historical approach to geopolitics and economics.
INSIGHT

Unipolar Fantasy Met Chinese Reality

  • The US assumed a unipolar future after the Soviet collapse and pursued global hegemony through neoliberal globalization.
  • That strategy faltered when China industrialized rapidly and refused to be contained.
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