Will the Iran War Cause a Global Depression? (w/ Prof. Richard Wolff) | The Chris Hedges Report
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Will the Iran War Cause a Global Depression? (w/ Prof. Richard Wolff) | The Chris Hedges Report

The Chris Hedges YouTube Channel • 584K views • Apr 30, 2026

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The ill-conceived US war on Iran is leading the world to a global recession or depression. Professor Richard Wolff places the current crisis in the context of the capitalist system and the decline of US hegemonic power.

Support my independent journalism at Substack: https://chrishedges.substack.com/

Follow The Chris Hedges Report on social media: https://linktr.ee/chrishedges

(0:00) Intro
(3:19) Supply chain damage
(10:58) Long term disruptions
(14:51) How will the ruling class respond?
(19:51) Food prices
(22:11) Declining empire
(27:10) Dollar hegemony
(32:19) Consequences of collapsing dollar
(37:06) How could this get bad?
(42:36) Flirting with global depression
(45:19) Outro

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