Trump’s chokehold on oil, tariffs, and tech backfired – forging a new era of self-sufficient economies and generational confrontation. Professor Michael Hudson, in a recent discussion, takes issue with those who speak today of the ‘decline of the U.S. hegemon’. A decline implies something goes up and down, Hudson says, but it always recovers. Paradoxically,...

This phase of the Iranian conflict likely will only end when the West falls off the approaching economic cliff The U.S. war with Iran has moved beyond its initial phase to an emerging new one — one in which Iran implicitly stakes its chances on the next phase being war. Most likely this will be...

Beijing can fund itself cheaply and almost indefinitely – and thus can outlast the U.S. grand strategy to contain China. Seemingly, every day brings breathless new claims that an U.S.-Iran ‘deal’ awaits only a signature. As so often happens, the mediators (Pakistanis and Qataris) hope to manage both sides by telling one side that the...