Jeffrey Sachs: Iran Miscalculation Could Trigger a Decade-Long 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 before the situation escalates into something truly catastrophic, or is the world already paying the price for the greatest foreign policy miscalculation of the century?
00:00:00 Introduction, Mercouris frames the Iran conflict with Prof. Jeffrey Sachs
00:01:04 Sachs confirms: this was a regime change operation modeled on Venezuela
00:02:28 Netanyahu's role, what Trump and Mossad promised before the attack
00:03:35 Iran's counterattack: IRGC reconstituted within hours, damage escalating
00:04:24 Trump's two options: escalate or declare victory and exit
00:05:12 Netanyahu's goal keeping the US in the war at all costs
00:06:23 Trump's pressure points: polls, midterms, Saudi & Russian signals
00:07:36 Why a comprehensive peace deal is off the table
00:09:31 Hormuz and the global economy Mercouris sets up the supply shock question
00:10:53 Sachs: oil spiked 50%, two blockades, and the threat of physical infrastructure destruction
00:13:28 Supply shock explained worse than the 1970s oil crises and stagflation
00:17:54 How the oil shock hits every economy gas prices, food, manufacturing
00:20:27 Oil exporters vs importers why no country is truly insulated
00:26:42 Back to negotiations why the US is structurally incapable of good faith
00:29:24 US statecraft as dominance, not diplomacy the bully model explained
00:33:46 Trump as the caricature of bad faith and why voters chose the bully
00:36:41 Ukraine parallel NATO expansion, Minsk 2, and decades of broken promises
00:38:35 Iran as a civilizational state. 5,000 years of history, advanced science & technology
00:41:11 Eurasia rising and Europe's self-imposed isolation from the world economy
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