Richard Wolff: Collapse - Iran Is the Graveyard of the U.S. Empire

In this discussion, Professor Richard Wolff explores the shifting global landscape, framing current events as a historic transition where the American Empire is in decline while China experiences a significant economic upswing. Wolff argues that the U.S. failed to adapt its foreign policy to changing realities, leading to strategic failures in regions like Iran and the Middle East. The conversation highlights the divergence between U.S. policies, which he characterizes as aggressive and destabilizing, and China's development model. Ultimately, Wolff contends that the U.S. is facing the consequences of a failed strategy that has alienated allies and reduced its global influence.