27min chapter

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[UNLOCKED] Oil, Monopoly Capitalism, and Imperialism w/ Adam Hanieh

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CHAPTER

Oil, Capitalism, and Anti-Colonial Movements

This chapter examines the profound connections between oil, capitalism, and imperialism, underscoring how oil has shaped both economic and political landscapes, particularly in the Middle East. It highlights key historical events such as the nationalization efforts in Iran and the Iranian revolution, illustrating the impact of anti-colonial movements and the role of U.S. interests in the region. The chapter concludes by exploring the emergence of the petrodollar system and its influence on global financial dynamics, especially during the oil shocks of the 1970s.

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