Richard D. Wolff and Michael Hudson argue that Europe has entered a structural crisis with no clean exit. They examine the failed attempt to seize Russian assets, the collapse of sanctions strategy, rising energy costs, and US pressure forcing deindustrialisation. The discussion links Europe’s political instability, welfare state rollbacks, and Cold War ideology to a broader loss of economic sovereignty, warning that the EU’s alignment with US financial and military strategy is accelerating long-term decline rather than securing stability.
