Richard Wolff & Michael Hudson: The 'Economic D-Day' That Wasn't: Iran's Strategy Backfired on US
This interview examines the failure and consequences of recent US economic sanctions against Iran. Experts argue that targeting civilian lifelines is ineffective and constitutes a war crime. The discussion highlights how historical sanctions rarely achieve political goals, and instead, these aggressive measures are accelerating the decline of US dollar dominance. Countries are increasingly adopting alternative financial systems to bypass SWIFT. The conversation also examines the geopolitical risks of US threats to seize oil tankers, labeling such actions as modern piracy. Ultimately, these…
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