Jeffrey Sachs: Iran Miscalculation Could Trigger a Decade-Long Economic Crisis
About this episode
Jeffrey Sachs discusses the implications of the Iran conflict and the potential for a significant economic crisis.
Follow Jeffrey Sachs: https://www.jeffsachs.org/ The Center for Sustainable Development: https://csd.columbia.edu/ Professor Jeffrey Sachs joins Alexander Mercouris and The Duran for one of the most important analyses of the Iran conflict yet and his verdict is damning. Sachs reveals that Trump's attack on Iran on February 28th was conceived as a one-day regime change operation modeled on Venezuela, a plan that collapsed within hours when Iran's IRGC reconstituted its command and launched a devastating counterattack. With the Strait of Hormuz partially closed and oil prices swinging between $100 and $120 a barrel, Sachs warns the world is facing a supply shock potentially far worse than the stagflation crises of the 1970s one that threatens cascading financial collapse across every economy, regardless of whether a country exports or imports oil. Beyond the economics, Sachs delivers a blunt indictment of US diplomacy: Washington doesn't negotiate in good faith, it negotiates to dominate and Iran, one of the world's oldest and most technologically sophisticated civilizations, was never going to fold the way the architects of this operation imagined. Can Trump find an exit ramp…
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