Richard Wolff & Michael Hudson: Iran Just Shattered America's Strategic Advantage

This episode explores the deepening crisis of Western global hegemony and desperate US attempts to maintain control over the petrodollar and global trade routes. We delve into Middle East tensions regarding Iran, the Strait of Hormuz, and shifting Gulf allegiances. Drawing historical parallels to pre-WWI colonial rivalries, the analysis highlights how weaponizing the US financial system and military is accelerating the decline of the Western empire. As the Global South seeks alternatives, the conversation examines the geopolitical fallout and the inevitable transition toward a multipolar world order. Hosted on Acast. See acast.com/privacy for more information.