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

Professors Richard D. Wolff and Michael Hudson analyze the decline of the American empire, arguing that the U.S. has lost its geopolitical leverage. They focus on the standoff in the Strait of Hormuz and the U.S. strategy of using economic sanctions to maintain control, which they describe as fundamentally broken. The panelists contend that the world is moving away from a rules-based order centered on American hegemony, with Russia, China, and Iran successfully resisting U.S. economic and military pressure. Ultimately, they argue that the current U.S. approach is self-defeating and that the era of Western colonial-style dominance is coming to an end.