The US Federal debt recently climbed to $40 trillion, double what it was just ten years ago. The United States is borrowing at an unprecedented rate, putting itself and the whole world at risk of financial collapse. Professor Richard Wolff joins Clearing the FOG to discuss why the debt is rising so quickly, how it impacts our daily lives and more signs of a US empire in decline. Wolff explains that the election of Donald Trump and progressive Democrats are "votes of alienation" rather than being based on a political ideology. Wolff expresses optimism in the face of a rising interest in socialism and whether the US can transform away from capitalism or rescue it, as was done under FDR. For more information, visit PopularResistance.org.
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