Richard Wolff: This News TOTALLY CHANGED MY MIND About The US Housing Market
The United States is facing a deepening economic decline — and most Americans are being priced out of one of life’s most basic needs: housing. Economist Richard Wolff breaks down why homeownership and even renting are slipping beyond reach for the majority, and how wages, policy choices, and corporate priorities have combined to create a nationwide housing crisis.
From skyrocketing home prices and mortgage rates to the dominance of luxury real estate for the wealthiest 20%, Wolff exposes the structural forces pushing millions into overcrowded living conditions. He also challenges the idea that relocating to “cheaper states” is a solution, revealing how low housing costs often signal deeper economic distress and weaker job markets.
The conversation then expands to global politics, exploring US trade tensions with Brazil, the growing influence of the BRICS nations, and the economic risks of tariff wars that could impact everyday goods like coffee. Finally, Wolff connects America’s foreign policy stance on Israel and Gaza to a broader pattern of global south resistance against what many see as modern-day colonialism.
This video offers a rare big-picture view of how domestic inequality, trade policy, and foreign alliances intersect — and why ignoring these links could be dangerous for America’s future.
📌 Chapters:
0:00 Economic Decline & Denial
1:04 The Housing Crisis Explained
5:02 Luxury Homes vs. Affordable Housing
7:35 Why “Move Somewhere Cheaper” Fails
11:19 Trade Tensions With Brazil
12:38 BRICS Rising & US Decline
14:58 Gaza, Israel & Global South Resistance
23:59 Connecting Domestic & Global Crises
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