Michael Hudson and Richard Wolff explain how the oil war could force importing nations into US-backed debt, deepen austerity and hasten de-dollarisation.
Trump’s Economic Waterloo
Michael Hudson argues that Iran’s resilience is exposing America’s military limits, financial fragility and attempt to postpone an economic reckoning until after the November elections.
When Allies Become Assets
The danger is no longer confined to Iran. Russia increasingly sees Ukraine as the battlefield, NATO as the combatant and European weapons factories as legitimate targets.
The Dollar’s Last Line of Defence
America’s wars against Iran, Venezuela and Russia are designed to preserve dollar dominance by controlling oil exports, capturing their revenues and forcing them back into US financial markets. The result is accelerating the creation of a rival economic order.
Global Shakedown
The conflict with Iran is not about nuclear weapons. It is a struggle over oil, dollar dominance and whether nations can control their own trade and resources.
Wall Street’s Two Wings
The 2026 US midterms may expose a broken party system as Trump, corporate Democrats and grassroots socialists prepare for a deeper class conflict.
America’s War on an Independent World
How the United States is using oil, technology, transportation and the dollar system to rebuild its declining global power.
An Economy of Unearned Wealth
Michael Hudson explains how finance, monopoly and economic rent have captured government, inflated asset prices and weakened the productive economy.
The K-Shaped Collapse of the US Economy
Michael Hudson and Radhika Desai explain how Trump’s MAGA economy rests on war, debt, asset bubbles and a shrinking real economy.
The Desperate Defense of Dollar Empire
Michael Hudson and Richard Wolff argue that the confrontation with Iran cannot be understood as another isolated Middle Eastern crisis. It is part of a wider struggle over oil, trade routes, dollar reserves and the survival of the Western-controlled financial order.
