There will be no economic boom after the pandemic - Richard Wolff [Global Capitalism]

This is a clip from the March 2021 Global Capitalism lecture by Richard D. Wolff in which Prof Wolff responds to the various predictions that there will be an economic boom after the pandemic, much like there was a boom following the Great Depression and World War II. He analyses the key differences between then and now that make this an inaccurate historical comparison: duration of the preceding crisis, the current levels of American debt, and the fact that America is no longer alone at the top of the global economic economy. “There are people who look at all of this horror and say well we’ll be out of the woods soon… I don’t think a boom is coming... The talk about a boom when this pandemic is behind us is just that: lots of talk by people who are claiming some historical parallel that is not there...“ - Richard Wolff This lecture was titled “March 2020-March 2021: Covid and the Crash“ and featured an analysis of the last year of pandemic and economic crisis. Professor Wolff also gave short updates on: w