The Limits of Empire

By Monday, June 15, 2026 Interviews Permalink

https://www.youtube.com/watch?v=67SDkp9xuao Nima Alkhorshid: Hi, everybody. Today is Thursday, June 11th, 2026, and our dear friends, Richard Wolff and Michael Hudson, are here with us. Welcome back, Richard. Mike. Michael Hudson: Good to be here right now. And what an important time. Nima Alkhorshid: Yeah, exactly. What has happened last night was a confrontation between the United States and Iran. The United States decides to attack Iran. The attacks were basically in some two islands: Sirri Island and Qeshm Island, in the Persian Gulf, close to the Strait of Hormuz. And then we had the attack in one of the cities close to the capital of Iran, Karaj, two strikes in that city. And the other part, one of the important outcomes of this, the highlights of the attack, American attack, was they were trying ...

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The Petrodollar Trap Is Becoming a War Trap

By Monday, June 1, 2026 Interviews No tags Permalink

  https://www.youtube.com/watch?v=M34VVvRB0uY 05.29.2026 Glenn Diesen: Welcome back to the program. We are joined today by Professor Michael Hudson to discuss how the Iran war is affecting the global economy. I heard from some people that while the energy prices are high, that the U.S. could actually benefit from this because then they would have to pay more money for American energy. This would also mean that they would have to pay in dollars, so it would strengthen the petrodollar. On the other hand, I can't help but think that this doesn't sound very sustainable. That is, with war energy shortages, it would trigger more of a global depression. So I just wanted to get, I guess, your overall view on this, how you see the Iran war affecting the economy. Michael Hudson: I'm glad ...

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The Crisis Finance Capitalism Can’t Escape

By Monday, May 18, 2026 Articles Permalink

The 2026 World Financial Crisis Trump is threatening to escalate his war against Iran, and Iran is prepared to destroy the oil production and transport capacity of Arab OPEC countries that do not act to stop the U.S. attack. The result will be to deepen the world depression that already is underway. Yet the stock market has continued to rise, as have interest rates. The latter cannot stay up without crashing the real estate and stock markets. Yet the media and many investors view interest rates as rising so as to compensate investors for the risk of inflation. The reality is that higher interest rates will increase the economy’s inability to cope with the breakdown that already is in progress. How did the myth of interest rates rising in response to price inflation ...

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