Yanis Varoufakis’ perspective on Trump’s approach to securing US dominance

Published on July 7, 2020

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Yanis Varoufakis
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“[Trump] sees the world like a bicycle wheel. And the way to answer the question of how hegemony, US capitalist hegemony, will be maintained is to turn the United States into the hub of the wheel and treat every other country like Germany, France, Britain, be more powerful and have more bargaining power in relation to each one of the spokes. So destroying multilateralism, the World Trade Organization, the G20, even the IMF and the World Bank, and place America first, turn it into the hub of the wheel. While at the same time retreating from the various wars that multilateralism required.” – Yanis Varoufakis in conversation with Richard Wolff

Watch the full episode: https://www.youtube.com/watch?v=7sFlOLpgl8E
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Prof. Wolff’s latest book “UNDERSTANDING SOCIALISM”
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