On finance, real estate and the powers of neoliberalism
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.
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.
The 2026 US midterms may expose a broken party system as Trump, corporate Democrats and grassroots socialists prepare for a deeper class conflict.
How the United States is using oil, technology, transportation and the dollar system to rebuild its declining global power.
Michael Hudson explains how finance, monopoly and economic rent have captured government, inflated asset prices and weakened the productive economy.
Michael Hudson and Radhika Desai explain how Trump’s MAGA economy rests on war, debt, asset bubbles and a shrinking real economy.
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.
Michael Hudson and Kathleen Tyson explain why central banks are moving away from US debt, how China is building a physical gold system, and whether gold will restrain war or become its next prize.
Michael Hudson and Richard Wolff argue that the Iran crisis reveals a deeper shift: US military power, dollar dominance and Western control are all weakening.
Michael Hudson and Radhika Desai examine Alan Greenspan’s legacy at the Federal Reserve, the rise of central bank independence, the repeal of Glass-Steagall, and the transformation of US monetary policy into a machine for protecting Wall Street bubbles rather than productive investment. They argue that the Fed’s easy-money regime has inflated asset prices, weakened the real economy, and left the dollar system exposed to another financial crisis.
