We need a new system. We need a new society.

We need to demand that which may have sounded impossible even a few weeks ago,

but is not only realizable, but an imperative necessity. We are happy to have Professor Richard Wolfe join us for our weekly regular segment,

where we discuss the biggest stories relating to the economy, the state of the working class,

and the crimes of big business.

I'm Nicole Roussel. I'm your host today, sitting in for Brian Becker, who is traveling this week.

The Socialist Program brings you content several days a week,

thanks to the support of our patrons at patreon.com slash the Socialist Program.

We appreciate all of your support and encourage you to become a patron today if you enjoy listening to the show.

Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many books, including Understanding Capitalism, which is available at Democracy at Work.

Dot Info.

Richard, welcome back to the show.

Thank you very much, Nicole.

Glad to be here.

According to the International Energy Agency, around 25% of the world's seaborne oil trade

is transiting through the Strait of Hormuz, and the options to bypass it are limited.

And according to the UN Trade and Development Organization, around a third, that's 30% of global

seaborne fertilizer volumes, passed through the Strait of Hormones.

The war against Iran was a war of choice.

It doesn't threaten the U.S.

Iran doesn't have a nuclear weapon.

The U.S. has thousands of nuclear weapons.

...