The Petrodollar Is Cracking: Varoufakis & Wolff on Empire, Iran and Capitalism's Crisis

What happens when war, energy, finance and empire collide? In this wide-ranging discussion hosted by Democracy At Work economists Yanis Varoufakis and Richard Wolff examine the origins of the petrodollar system, the changing role of US power, the economic consequences of conflict in Iran, and the deeper crises shaping global capitalism today. Together, they explore questions of empire, class struggle, financialisation, deindustrialisation, China’s rise, and the future of the international order. Speakers: Yanis Varoufakis — Economist, author and former Greek Finance Minister Richard D. Wolff — Marxist economist and founder of Democracy at Work SUPPORT DiEM25 Join → https://i.diem25.org/join Donate → https://diem25.org/donate #PoliticalEconomy #Capitalism #Empire #Iran #China #GlobalEconomy

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Yanis Varoufakis | Closing Keynote | Thursday 18th June 2026

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