Richard Wolff & Michael Hudson: Iran Won. The Empire Lost. Forever.

Analysis of escalating Middle East tensions: Iran's strategic position at the Strait of Hormuz, why proposed US-Iran deals face insurmountable political hurdles, and the erosion of international law. Explores US foreign policy centered on oil control, nuclear asymmetry in the region, and weaponization of maritime routes. Current conflicts framed as the final phase of Western colonialism, with Russia, China, and Iran resisting neo-colonial expansion. As traditional institutions like the UN face paralysis, the discussion considers how the Global South might build new legal, financial, and security frameworks to enforce sovereignty. Key takeaway: lasting stability requires accepting a multipolar world order rather than clinging to imperial dominance. Also examines how client oligarchies within former colonies perpetuate colonial structures from within, making the struggle both international and class-based.

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