Is the US empire in the middle of a long decline?

"Iran war has put the US in a situation where it's not in control but can't walk away', argues economist Richard Wolff. When the United States threatens to take over countries and destroy civilisations, these are the wild gesticulations of a sinking enterprise, argues Richard Wolff, professor emeritus of economics at the University of Massachusetts."

"Wolff tells host Steve Clemons that US leaders refuse to face the reality that the US empire is in decline. Around the world, he adds, people are deeply internalising the lessons from the US's inability to defeat Iran."

"The people in the US are becoming bitterly angry at their situation, where the richest 10 percent of Americans own 80 percent of corporate stocks, making the stock market utterly irrelevant to the masses."

The United States faces a situation where it cannot control outcomes but also cannot disengage. Threats to take over countries and destroy civilizations are described as frantic behavior from a failing system. US leaders are said to avoid acknowledging that the US empire is declining. The inability to defeat Iran is presented as a lesson absorbed across the world. In the United States, anger is growing as economic power concentrates among the richest Americans. The richest 10 percent of Americans are said to own 80 percent of corporate stocks, making the stock market largely irrelevant to most people.

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