Yves here. Some readers saw and very much liked this discussion by Michael Hudson and Steve Keen with Nika of the David Graeber Institute on the terrible economic trajectory well underway.
As is my tendency, I do have a big quibble. Trump did not launch this war with economic objectives save perhaps regime-changing Iran and getting control over Iran’s oil. It has been widely reported how Zionists ...
The conversation between Steve Keen and Michael Hudson highlights concerns about the Saudi-UAE led oil price war and its potential impact on the global economy. The analysts suggest that the ongoing conflict could exacerbate economic difficulties for the United States, a declining empire, as it relies heavily on hydrocarbon resources for hegemony. They also predict second-order effects such as potential supply chain disruptions and increased inflation.
Patterns detected: ARC-0043 Motte-and-Baile...