Economist Michael Hudson, a specialist in global political economy, delves into the U.S. strategy against Iran as part of a broader plan for maintaining dollar hegemony and countering rival powers like Russia and China. He highlights historical U.S. meddling in Iran, the role of Israel as a strategic ally, and the implications of U.S. sanctions on global trade. Hudson passionately articulates the challenges posed by the BRICS nations to U.S. dominance, while critiquing the military-industrial complex's profit-driven motives that conflict with national security.
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insights INSIGHT
US Seeks Unipolar Global Control
The US aims to maintain unipolar global dominance by controlling Iran and its oil resources.
Iran resists this hegemony as a pivotal member of the growing multipolar world order including BRICS.
question_answer ANECDOTE
US Plot to Break Up Iran
In the 1970s, US planners discussed breaking up Iran along ethnic lines if it defied US policies.
Israel was designated as the US's military proxy in the Near East acting like an 'aircraft carrier'.
insights INSIGHT
Iran's Role in Eurasian Integration
Iran's integration into China's Belt and Road Initiative and Iran-Russia-India corridor challenges US global isolation strategy.
This Eurasian alliance is large enough to bypass US trade and economic influence entirely.
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In 'Super Imperialism,' Michael Hudson examines the unique form of capitalist imperialism practiced by the United States since the post-World War II era. The book details how the U.S. has used its military spending and financial policies to create a system where foreign central banks lend to the U.S. government, effectively financing American wars and maintaining U.S. economic dominance. Hudson argues that this system, driven by government finance capital, differs significantly from the private capital-driven imperialism described by Lenin. The book also explores the consequences of this system, including the financialization of economies, privatization of public assets, and the underdevelopment of many countries due to policies enforced by international financial institutions like the IMF and World Bank.
War on Iran is part of the US empire's larger attempt to re-impose its unipolar dominance on the global political and financial system, argues economist Michael Hudson. Washington wants to preserve dollar hegemony and the petrodollar, while disrupting BRICS and Eurasian integration with China and Russia. He is interviewed by host Ben Norton.
VIDEO: https://www.youtube.com/watch?v=3DEXReFGb24
Transcript here: https://geopoliticaleconomy.com/2025/06/27/war-iran-us-unipolarity-michael-hudson/
Michael Hudson's article - War on Iran is fight for US unipolar control of world: https://geopoliticaleconomy.com/2025/06/22/michael-hudson-war-iran-us-unipolar-control
Michael Hudson's website: https://michael-hudson.com
Topics
0:00 Intro: US war on Iran
3:45 Summary of US imperial strategy
8:15 Interview starts
9:00 History of US meddling in Iran
11:06 US divide-and-conquer plan
14:02 Israel: US empire's aircraft carrier
17:07 Geopolitics of Iran
18:56 China's Belt and Road Initiative
21:02 Attempt to encircle Russia & China
23:34 US aggression backfires on dollar
27:29 Oil and petrodollar
36:43 Super Imperialism
40:06 Sanctions & economic warfare
44:35 Military-Industrial Complex
51:33 Outro
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