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.
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.
Gold Returns as Trust in US Debt Fades
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.
The Dollar Trap Is Breaking
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.
How the Federal Reserve Learned to Love Bubbles
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.
The War America Cannot Admit It Lost
Michael Hudson joins Professor Lau Kin Chi for the South South Dialogue on Sustainability to discuss the Iran war, the Strait of Hormuz, de-dollarisation, oil prices, debt moratoriums and the deepening global economic crisis. Hudson argues that Iran won the immediate military battle, while the wider conflict is a world war over US control of oil, military bases, dollar reserves and the global financial order.
Iran Broke the Spell
Michael Hudson and Radhika Desai argue that the Iran war has exposed the limits of US military, financial and oil power. They examine how rising oil prices, dollar fragility, central bank policy and global moves away from US financial control are accelerating the shift towards a post-US economic order.
The Limits of Empire
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 ...
When Control Becomes the Imperial Trap
Michael Hudson and Richard Wolff argue that the struggle over the Strait of Hormuz marks a turning point in the decline of US imperial control. The discussion links Iran, oil, BRICS, development economics and the need for a new international economic order beyond dollar-centred dominance.
The Last Colonial Wars
Wolff and Hudson on Iran, the Strait of Hormuz, and why no deal with the US is possible — as Western colonialism enters its final, most dangerous phase.
BRICS Doesn’t Need a New Bancor
Michael Hudson and Kathleen Tyson discuss why the post-dollar world is not likely to be built around a single BRICS currency, but through local currency trade, gold settlement, barter, renminbi debt restructuring and new payment systems that reduce dependence on the weaponised dollar system.
