The Econoclasts

The West’s Iran crisis: Global recession & Russian revenue

The Econoclasts

Show Notes

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dismantle the narratives surrounding the closure of the Strait of Hormuz, breaking down how the resulting energy shock could trigger a permanent global recession. As the West faces systemic economic damage and a depleted military arsenal, and Russia reaps a massive financial windfall, is the West sleepwalking into a dual defeat in both Iran and Ukraine? Hosted on Acast. See acast.com/privacy for more information.

More from The Econoclasts

Oct 20, 2026

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect the catastrophic collapse of Emmanuel Macron’s ‘revolutionary centrist’ experiment in France, exposing how a decade of technocratic austerity and underinvestment has fuelled widespread social unrest and pushed the country to the brink of insolvency, while revealing the cowardice and hypocrisy of the EU’s current Ukraine strategy that they warn is steadily bankrupting Europe, deepening its geopolitical vassalage to the United States, and leaving the continent powerless to shape the inevitable outcome of the war. Hosted on Acast. See acast.com/privacy for more information.

Oct 13, 2026

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect Trump’s Russian diesel deal to expose the collapse of Western unity, while debunking the myth of French fiscal incompetence to reveal why France’s €3.6 trillion debt crisis is a structurally inevitable flaw of the euro. Hosted on Acast. See acast.com/privacy for more information.

Oct 6, 2026

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect the gathering financial and political storm in France, expose the self-defeating mechanics of European austerity, and reveal the dangerous escalation of 'war fever' across the continent, where hybrid-war narratives and NATO-Russia tensions threaten to drag an economically fragile, unprepared Europe into a devastating pre-1914 style conflict. Hosted on Acast. See acast.com/privacy for more information.

Sep 29, 2026

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect the escalating geopolitical tensions between Western powers, Russia, and China, expose the dangerous anti-diplomacy bias within mainstream media and centrist political establishments that pushes Europe toward a pre-war posture, and debunk the political myth that military Keynesianism and factory-focused reindustrialisation can restore high-paying blue-collar jobs in an automated age. Hosted on Acast. See acast.com/privacy for more information.

Sep 22, 2026

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect the systemic breakdown of German centrist politics, reveal the uncomfortable truth about Europe’s total lack of defence sovereignty under US hegemony, and debunk the conventional political narrative by exposing how the centre-Left bears primary responsibility for the continent’s long-term deindustrialisation and geopolitical decline. Hosted on Acast. See acast.com/privacy for more information.

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