Uploaded March 2026 | Updated September 2026, 2 weeks ago

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Yanis Varoufakis says that even if the war in Iran ends soon — which it likely will not — the economic consequences will be devastating and prolonged.

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(0:00) Intro
(3:15) Why this war will cause more economic damage than the 12-day war from 2025
(11:13) Consequences of breaking Iran’s trust
(16:37) Talk about the different tiers of economies — global south, Europe and the US — that will be affected but this
(25:47) How much does this implode US hegemony in the region?
(27:52) How likely is hyperinflation?
(30:34) Hyperinflation vs. stagflation
(39:06) Authoritarianism/fascism around the globe benefits from this economic turmoil
(42:02) The case of Hüseyin Doğru
(44:48) How should the left respond to all this?
(45:45) Outro