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Richard Wolff & Michael Hudson: US Dominance Is Collapsing… And Iran Is Holding the Knife
Published 1 month, 3 weeks ago
Description
Deep dive into US-Iran conflict: Economic sanctions and naval blockades face pushback as Iran leverages regional trade routes. UAE's OPEC exit reflects Gulf debt pressures and oil market uncertainty. Discussion covers dollar weaponization accelerating de-dollarization, with China-led payment systems challenging SWIFT. Military costs mount while US economic growth trails China's. Nuclear concerns examined as potential pretext for oil control and containing emerging multipolar alliances. Analysis suggests aggressive unilateralism may inadvertently strengthen the very partnerships it targets, reshaping global trade and power structures amid empire decline.
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