Richard Wolff & Michael Hudson: US Passes Russia-Iran Sanctions—Black Sea & Hormuz Blockades Tighten
Summary
Richard Wolff and Michael Hudson analyze the escalating geopolitical crisis involving Iran, Yemen, and the US, arguing that US military actions and sanctions are driving allies like South Korea and Japan toward economic decoupling. They contend that the US is attempting to extract "tribute" from nations to fund its military presence, a strategy that mirrors historical colonialism and accelerates the decline of American hegemony. The discussion highlights how Iran’s resistance has exposed US vulnerabilities, prompting a shift in global power dynamics toward a China-Russia-Iran axis. Finally,…
Topics discussed
Sponsorships: Perk and Granger
Yemen conflict and Saudi-Egypt relations
Trump, Ukraine, and Russian diesel refineries
US arms shipment to Israel and Iran's defense
Iran's role in ending US colonial hegemony
Trump's tariff demands on South Korea and Japan
US isolation and the oil industry bonanza
Historical parallels: Colonialism and self-funding empires
Global resistance and the China-Russia-Iran alliance
US rogue status and historical precedents (Venezuela, Germany)
Shifting global winds and the future of US hegemony
Sponsorship: Perk
Sponsorship: Verizon Fios
US soft power decline and Stephen Miller's comments
BRICS, China's model, and rejecting US tech monopolies
Economic isolation and the end of trade relationships
Fed Chair Walsh and the Strait of Hormuz risk premium
Sponsorship: Verizon Fios
Interest rates, inflation, and the US debt dilemma
European political shifts and NATO strategy failures
Closing remarks
Sponsorship: ShipStation
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