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294 - Michael Hudson: Iran, Oil, and Global Depression

294 - Michael Hudson: Iran, Oil, and Global Depression

Robinson's Podcast vor 3 Wochen

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2:02:17

Michael Hudson is Distinguished Research Professor of Economics
at the University of Missouri, Kansas City and President of the
Institute for the Study of Long-Term Economic Trends. He
researches domestic and international finance, economic history,
and the role of debt in shaping economies and societies. In this
episode, Michael and Robinson discuss the war in Iran and
Michael’s prediction that it will cause a global depression. More
particularly, they talk about oil and the Strait of Hormuz, which
countries Michael thinks will suffer most, his skepticism about
the changes the 2026 elections can deliver, and his criticisms of
how economists describe the American economy. They also discuss
AI and the future of employment, Donald Trump’s foreign policy,
China’s role in the international economic order, instability in
Europe, and the future of the United States. Michael’s recent
book is Temples of Enterprise (ISLET, 2024).

Michael’s Website: https://michael-hudson.com

Temples of Enterprise: https://a.co/d/a3c53dm

OUTLINE00:00 Introduction00:23 Iran War Will Cause a Global
Depression10:57 The 2026 Elections Mean Nothing19:45 2026 Voters
Can Do Nothing About AI, Israel, or Iran30:51 Economists Are
Lying About the State of the Economy38:02 Different Economic
Metrics42:25 AI and an Employment Collapse48:35 Trump Is Choking
the World's Oil59:32 The Strait of Hormuz1:04:16 The Iran War
Will Destroy These Countries First1:12:27 Trump Wants the World
to Pay Tribute1:17:43 Is China the Hero?1:28:16 Destabilization
in Europe1:37:32 Anti-Protest Drone1:40:20 What Does Chinese
Dominance Look Like?1:46:15 Where Does History Go from
Here?1:55:39 Where Does the United States Go from Here?

Robinson Erhardt researches symbolic logic and the foundations of
mathematics at Stanford University, where he is also a JD
candidate in the Law School.