For an issue organised around the question “What is to be done?”, R. C. J. Cranstoun spoke with Michael Hudson about debt, rentier capitalism, and the geopolitical fracture around sanctions, energy, and the dollar system. What follows is a lightly edited transcript. CRANSTOUN: The theme of this issue is “What is to be done?” Before...

America’s 2025 National Security Strategy calls for gaining control of the world’s oil trade. Toward this end, Donald Trump’s Oil War aims at depriving Iran, Iraq and its neighboring OPEC countries of their sovereignty over whom they may sell their oil to, just as he has done to Venezuela. There is no remorse for the...