The American Empire Is OVER and Blacks Wil Be Hit The Most | Richard Wolff

There is a number in the American economy that almost nobody outside of it watches, and economists treat it as an early warning system. Black unemployment. For as long as anyone has been measuring it, through booms, through busts, through every administration of both parties, it has sat at roughly double the white rate. Not during recessions. Always. And when the economy starts to turn, it moves first — which is why the phrase last hired, first fired survived long enough to become a research term at the Federal Reserve. So when Richard Wolff says the American empire is in decline, there’s a way to check the clock on it. You don’t look at the stock market. You look at who’s already losing their job. And right now that number is climbing.