Prof. Richard Wolff: The US war on Iran is a desperate attempt to stop imperial decline

On this episode of New Order, we speak to eminent US economist Richard Wolff. He discusses how Trump’s war on Iran is being paid for and why the cost is being pushed to the next generation, the untold truth about the deindustrialization of the United States perpetrated by American corporations and the resulting supply line vulnerability, how the US-Israeli war on Iran will rearrange the entire global economy, why Donald Trump’s presidency hinges on the support of the oligarch business class, the ballooning US war budget, how the global south should view US foreign policy, the slow decline of the power of the US dollar, and much more.  

Finally, New Order’s Zarah Khan asks questions from you the viewers to Afshin Rattansi. You can send in your questions to @AfshinRattansi on X to be answered on next week’s episode!  

And a question for you the viewers: If the US can’t raise taxes, and can’t borrow cheaply, how can it afford a long war?