[S11 E40] China & Inflation: Real Analyses, Not BS The program's first half focuses on the realities of China's rise and not the Cold War rhetoric. The second half analyzes the inflation now threatening the US economy. Its causes and consequences turn out to be quite different from the mainstream media treatments of the subject. **Economic Update with Richard D. Wolff is ahttps://www.youtube.com/channel/UCK-6FjMu9OI8i0Fo6bkW0VAproduction. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical. ****************************************************************************************** Follow us ONLINE: Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff; http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshopify.com/ ****************************************************************************************** Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! www.democracyatwork.info/books “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democracyatwork ****************************************************************************************** SOURCES FOR SHOW SEGMENTS: * China's rise: https://apnews.com/article/business-health-china-coronavirus-pandemic-economic-growth-b051630c6539813ffce60788403b307b https://www.imf.org/EXTERNAL/PUBS/FT/ISSUES8/INDEX.HTM https://www.worldbank.org/en/country/china/overview https://asialinkbusiness.com.au/china/getting-started-in-china/chinas-economy?doNothing=1 https://www.scmp.com/economy/china-economy * Inflation: https://www.forbes.com/advisor/investing/what-is-inflation/ https://www.thebalance.com/inflation-impact-on-economy-3306102 https://www.inquirer.com/business/inflation-expectations-fed-covid-economy-rise-20210711.html https://www.marxist.com/capitalists-turn-to-to-tricks-and-illusions-as-inflation-starts-to-rise.htm