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US Leads Nuclear Spending Surge as Global Arsenal Costs Hit Record $119 Billion

Sputnik – 09.06.2026

The US heads a record rise in nuclear arsenal spending, accounting alone for $69.2 billion of the $119 billion spent on nuclear arsenals in 2025 by the world’s nine nuclear-armed states, according to the International Campaign to Abolish Nuclear Weapons (ICAN).

The total represents a 19% increase from 2024, the highest level since ICAN began tracking spending of Russia, China, the US, France, the UK, India, Pakistan, North Korea, and Israel in 2020.

Other major increases included:

  • China: 7% increase to $13.5 billion
  • United Kingdom: 17% increase to $12.6 billion
  • Russia: 6% increase to $9.5 billion

June 9, 2026 Posted by | Economics, Militarism | , , , | Comments Off on US Leads Nuclear Spending Surge as Global Arsenal Costs Hit Record $119 Billion

Screwed again: small investors to bail out billionaires from SpaceX, OpenAI, and Anthropic

Inside China Business | June 6, 2026
SpaceX will soon go public, in an offering that will value the company at over a trillion dollars. Anthropic and OpenAI are Artificial Intelligence companies, who also plan megacap IPO’s for later in the year. Recent changes to indexing rules will compel massive share buys into these companies by retirement and pension plans, and by passive ETF’s and mutual funds. In the past, new companies were required to wait until insiders sold most of the shares after the lockup periods before being added to investment indices. Companies also needed to show a strong history of growth and sound financial practices. 
Resources and links:
Gold and Geopolitics, Honest graft https://no01.substack.com/p/honest-graft
NYSE President Criticizes Nasdaq’s Rule Changes Amid SpaceX IPO https://phemex.com/news/article/nyse-…
Nasdaq’s Shame: How to rig an index to appease a billionaire https://substack.com/home/post/p-1904…
Reuters, SpaceX weighs NASDAQ listing after seeking early index entry https://www.reuters.com/business/fina…
George Noble, The Noble Update https://substack.com/@georgenoble/not…
Trump Officials Held Millions of Dollars of SpaceX Ahead of IPO https://www.bloomberg.com/news/articl…
SpaceX: What Investors Need to Know About Its Enormous Upcoming IPO https://www.morningstar.com/stocks/sp…
Morningstar values SpaceX at $780 billion, half its IPO target https://www.reuters.com/business/medi…
SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says https://www.cnbc.com/2026/06/03/morni…
SpaceX’s IPO Forces Wall Street to Reorganize Around It https://www.bloomberg.com/news/featur…
America’s Data-Center Build-Out Is Falling Way Behind Schedule https://www.wsj.com/tech/ai/americas-…
‘Big Short’ investor Michael Burry says neither SpaceX nor Anthropic is worth $1 trillion https://www.businessinsider.com/big-s…
The U.S. and China Lead The Space Race 2.0 https://www.statista.com/chart/28667/…
OpenAI’s OWN CFO just admitted they cannot pay their bills. https://substack.com/@georgenoble/not…
Alibaba’s Qwen family captures over 50% of global open-source downloads, report finds https://www.scmp.com/tech/big-tech/ar…
$64 billion of data center projects have been blocked or delayed amid local opposition https://www.datacenterwatch.org/report
Investor alert: Chinese AI is booming in global markets, and Huawei’s chips beat Nvidia’s    • Investor alert:  Chinese AI is booming in …  
The AI industry in the US is doomed. Now China owns it all.    • The AI industry in the US is doomed.  Now …  
Initial Public Offerings: Lockup Agreements https://www.investor.gov/introduction…
Uber’s COO says it’s getting harder to justify the money spent on AI tokenmaxxing https://www.businessinsider.com/uber-…
Nasdaq-100 Index® Consultation – February 2026 https://indexes.nasdaqomx.com/docs/ND…
Exclusive: Elon Musk’s SpaceX weighs Nasdaq listing after seeking early index entry, sources say https://www.reuters.com/business/fina…
Mind-Blowing Growth Is About to Propel Anthropic Into Its First Profitable Quarter https://www.wsj.com/tech/ai/mind-blow…
Why Airbnb switched from OpenAI to Chinese AI (and what it means for your budget) https://www.techfornontechies.co/blog…
Airbnb ‘relies heavily’ on Alibaba’s Qwen models to power its AI customer service agent, CEO Brian Chesky says https://www.scmp.com/tech/tech-trends…
Cheap and Open Source, Chinese AI Models Are Taking Off https://www.thewirechina.com/2025/11/…

June 6, 2026 Posted by | Corruption, Deception, Economics, Video | , | Comments Off on Screwed again: small investors to bail out billionaires from SpaceX, OpenAI, and Anthropic

Iran to deepen ties with ‘principal strategic partner’ China: Ghalibaf

Beijing and Tehran have significantly expanded their strategic cooperation since the start of the US-Israeli war on Iran

The Cradle | June 3, 2026

Iranian Parliament Speaker and special representative for China affairs, Mohammad Bagher Ghalibaf, held the first joint meeting with key economic officials on 3 June to align Tehran’s economic strategy toward Beijing.

The session in Tehran included the ministers of economy, oil, and industry, alongside the central bank governor and the head of the Plan and Budget Organization.

The assembly focused on establishing a unified government approach to elevate bilateral relations and coordinate the administration’s economic priorities. During the proceedings, officials evaluated China’s economic conduct amid the US-Israeli war on Iran and the closure of the Strait of Hormuz to the US and Israel.

Participants agreed to submit formal proposals to Ghalibaf to resolve outstanding challenges and deepen cooperation.

This coordination effort supports a developing strategy to position China as Iran’s “principal strategic partner” while expanding collaboration on regional and international issues.

Roughly 30 China-linked vessels crossed the Strait of Hormuz in a single day in mid-May under the supervision of Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy.

These transits follow a “management protocol” established after Iran restricted the waterway to US and Israeli-linked vessels in February.

While the strait remains largely closed, passage is permitted for commercial ships that comply with Iranian naval procedures and utilize designated corridors

In parallel, since the illegal US blockade on Iranian ports was implemented in April, Iran has tripled its rail exports of oil and liquefied petroleum gas (LPG) to China in an effort to bypass the economic stranglehold.

Freight trains on the 10,400-kilometer corridor now depart every three to four days, a significant increase from the previous weekly schedule, and halve traditional sea transit times to roughly 15 days.

Despite this, rail capacity remains a modest alternative to maritime shipping; one train carries 60,000 to 70,000 barrels of oil, while large tankers can transport upwards of 2 million barrels.

June 4, 2026 Posted by | Economics, Solidarity and Activism | , | Comments Off on Iran to deepen ties with ‘principal strategic partner’ China: Ghalibaf

The Iran War has destroyed fertilizer markets and farmers everywhere, almost

Inside China Business | June 2, 2026

The War on Iran has left hundreds of thousands of tons of fertilizers stranded in the Persian Gulf, and destroyed years of forward natural gas production. Fertilizer supplies are collapsing, with billions of dollars’ worth of contracts to farmers voided. China enacted export curbs on fertilizers and upstream products in the opening days of the war, to ensure domestic farm production was not impacted.

Bonus video:

Resources and links:

June 2, 2026 Posted by | Economics, Video | | Comments Off on The Iran War has destroyed fertilizer markets and farmers everywhere, almost

Hungarian PM Magyar claims that he has obtained billions in EU funds, but what strings are attached?

Orbán is skeptical, writing: “Free cheese is only in the mousetrap”

Remix News | June 1, 2026

Hungarian Prime Minister Péter Magyar recently traveled to Brussels to discuss the country’s frozen EU funds, which have reportedly been withheld illegally up until now. Despite Magyar’s claims that the money would be released simply in return for fighting corruption, various media outlets are reporting there is much more to the deal than that, including indications that Hungary will have to implement the EU’s demand for migrant quotas under the Migrant Pact one way or another.

“Based on today’s meeting, €16.4 billion euros have been unlocked,” the Hungarian prime minister told the press after Friday’s meeting. However, that is also not true, as there are still many conditions the country must meet before the money is made available.

Officials from the EU commission were far more cautious with their description of the deal, saying the broad strokes of the deal had been determined, but conditions must still be met.

“We haven’t agreed to disburse the funds,” a senior commission official told Politico. “We’ve agreed on a list of commitments which, if completed by Aug. 31, will trigger the payment of those funds.”

In addition, inquiries made by journalists yielded no official details regarding the specific terms of the pact.

The announcement has sparked widespread curiosity regarding the concessions made by the Hungarian government, given that EU officials previously stated funds would only be released following specific structural reforms.

In fact, after the deal was announced, former Hungarian Prime Minister Viktor Orbán publicly demanded transparency from Magyar regarding the negotiations.

“We call on the Prime Minister to immediately publish the details of the von der Leyen-Péter Magyar pact. What did he sell to Brussels for Hungarian interests? Free cheese is only in the mousetrap,” Orbán wrote in his post.

German media outlet Tichys Einblick appears to be highly skeptical about the deal, which discussed the questions posed by journalists after the deal was allegedly reached.

“The very second question [from journalists] concerned migration policy: Will Hungary implement the Migration Pact? Ursula von der Leyen was the first to reply: Of course, people had talked about the migration pact, it was an agreement that affected and bound all Member States equally, and there had been discussion about how to get Hungary to implement this pact too. It took her a minute to answer that.

Then came Péter Magyar, who began by saying that he too would now answer ‘briefly.’ It took him five times longer than the President of the Commission, of course, and he squirmed around a clear answer. With remarkable verbal slalom technique, he explained that the migration pact was not a big deal, that it did not mean allowing migrants into the country, that one could also contribute in other ways, such as with money or contributions to border protection. (The EU had never accepted that Orbán’s border fence was Hungary’s contribution to European migration policy).

The migration pact, Magyar continued, came about in Orbán’s time, thanks to Orbán, so to speak. In summary: The migration pact is not bad, insofar as it is bad, that is Orbán’s fault, and Hungary… Well, you had to read between the lines for that, but it was actually clear from the combined statements of the two: The Magyar government will implement the migration pact in one way or another.”

While Magyar is claiming the sole condition for securing the over €16 billion was simply stamping out corruption, clearly there could be other conditions attached.

During the press conference, Ursula von der Leyen commended the swift formation of the new Hungarian government and its proactive approach, indicating a willingness to maintain this momentum in future consultations.

Questions were also raised concerning the rule of law, an area where the commission has historically demanded strict compliance before releasing frozen assets. This financial issue remains politically sensitive for the leadership in Brussels. Von der Leyen previously faced intense criticism for her handling of Poland, where funds were released to the former right-wing government before required reforms were fully executed. Furthermore, Hungary is operating under a compressed timeframe to secure the capital.

Time constraints are also a pressing factor for Ursula von der Leyen, who faces domestic political risks and previous votes of no confidence. The broader rise of the European right wing, fueled by dissatisfaction with centralized EU bureaucracy, intensifies the pressure. Any perceived mishandling or bureaucratic delay in delivering the agreed funds could draw heavy criticism from both the left and an electorate increasingly fatigued by centralized governance.

Consequently, the Commission President must balance projecting a firm stance on institutional expectations to her political base while supporting the new Hungarian prime minister, whom she visibly favors. This urgency, however, introduces systemic risks. The European Commission was asked if a rushed implementation of reforms might precipitate a constitutional crisis, mirroring events in Poland where Prime Minister Donald Tusk utilized legally questionable measures to consolidate power and disable opponents. At the time of publication, the chief spokesperson for the European Commission had not provided a response to these inquiries to Hungarian news outlet Magyar Nemzet.

June 1, 2026 Posted by | Civil Liberties, Economics, Ethnic Cleansing, Racism, Zionism | , | Comments Off on Hungarian PM Magyar claims that he has obtained billions in EU funds, but what strings are attached?

Persian Gulf Strait Authority says it processed 300+ transit requests since May

Press TV – June 1, 2026

More than 300 non-Iranian vessels, mostly oil tankers, have submitted their information to secure a safe passage permit from the Persian Gulf Strait Authority (PGSA) since the entity began its operations in early May, the PGSA announced in a post on X on Tuesday.

The majority of these requests came from outbound ships, which accounted for 77 percent of the total applications. Inbound ships made up the remaining 23 percent.

The PGSA noted that the primary destinations for outbound vessels have been Asian countries, particularly China and India, while the main destination for inbound ships has been the United Arab Emirates.

Iran established the PGSA following the imposition of its sovereign regulatory framework for maritime traffic through the Strait of Hormuz, a strategic waterway linking the Persian Gulf to the Gulf of Oman.

According to the PGSA, the authority does not have the power to issue permits for ships from hostile countries.

The move comes as Washington has attempted to prevent Iran from exercising its sovereign rights in the strait.

On May 27, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the PGSA, accusing the body of funnelling revenue from a toll system to the IRGC.

The PGSA has dismissed the sanctions as an extension of Washington’s “failed” attempts to dominate the waterway, stating that it “considers being sanctioned by a country whose president boasts about piracy to be a sign of its positive performance”.

June 1, 2026 Posted by | Economics, Wars for Israel | , , , | Comments Off on Persian Gulf Strait Authority says it processed 300+ transit requests since May

Bulgaria facing EU punishment months after joining eurozone

RT | May 30, 2026

Bulgaria is facing EU sanctions due to an excessive budget deficit, just months after joining the eurozone, Prime Minister Rumen Radev has said. He claimed that the crisis was caused by the previous pro-EU government, which massaged economic numbers to narrowly pass the threshold to join the eurozone in the first place.

Speaking at a cabinet meeting in Sofia on Friday, Radev, who is widely regarded as an EU skeptic, said that the European Commission would publish its formal report on the country’s fiscal situation on June 3, thus launching the so-called excessive deficit procedure.

Under the procedure, Sofia must bring spending from last year’s 3.5% back below the 3% ceiling by putting a binding cap on the budget deficit. If Bulgaria fails, the EU can freeze funding and go as far as to impose fines of up to 0.05% of GDP every six months on the Balkan country.

Radev blamed the situation on a “difficult legacy” stemming from “negligence, incompetence, voluntarism, populism, and financial misconduct” by the previous center-right and pro-EU Zhelyazkov government, which collapsed in December 2025 following mass anti-corruption protests.

The prime minister also predicted that “this year, the deficit will be even larger” than 3.5%. The European Commission forecasts that the deficit will hit 4.1% of GDP this year, rising to 4.3% in 2027.

“They [the previous government] lied to push Bulgaria into the euro… The bubble has burst,” he said of the budget deficit.

Bulgaria joined the eurozone on January 1, 2026, after barely meeting the criteria, especially in terms of inflation, which was the greatest hurdle. Proponents of the push sought to lock Bulgaria on the pro-West and pro-EU path, with practical monetary consequences deemed minimal as the Bulgarian lev had been pegged to the euro for decades.

However, critics have argued that the Zhelyazkov coalition – which supported eurozone membership – projected an unrealistic revenue growth, with potential to balloon the budget deficit.

A Politico report in 2025 also drew attention to a sudden and “mysterious” 82.8% cut in state-set daily hospital fees in April – a move that helped lower Bulgaria’s 12-month average inflation. At the time, an unnamed former local official told the paper that “the only reason Bulgaria has qualified is… due to state-administered prices.” According to Politico, the previous government also cut inflation by slashing rail fares by over 9%.

Radev – who has advocated for more pragmatic ties with Russia and consistently opposed military aid to Ukraine – was not against the eurozone per se, but insisted that such a decision could be made only on a public referendum.

However, the parliament blocked his request, with critics accusing him of trying to sabotage the process. Radev himself said that Bulgarian citizens were being ignored by an elite “marching toward the eurozone” and that “the representatives of the people denied the people their right to choose.”

May 30, 2026 Posted by | Civil Liberties, Deception, Economics | , | Comments Off on Bulgaria facing EU punishment months after joining eurozone

Russia urges Armenia to hold EU membership referendum

Al Mayadeen | May 29, 2026

Russia and several of its regional allies called on Armenia to hold a referendum “as soon as possible” on potential membership in the European Union, as tensions continue to grow over Yerevan’s expanding ties with Brussels.

Speaking during a summit in Astana on Friday, Russian President Vladimir Putin said Armenia would ultimately have to choose between deeper integration with the EU or remaining within the Russian-led Eurasian Economic Union (EAEU).

“Prime Minister Nikol Pashinyan himself said that he considers it right to hold a referendum on this issue,” Putin said. “We would like this to be done as soon as possible.”

Russia warns against dual alignment

In a joint statement issued alongside the leaders of Belarus, Kazakhstan, and Kyrgyzstan, Moscow warned that Armenia’s pursuit of EU membership could pose “significant risks” to the economies of EAEU member states.

The statement emphasized that Armenia should clarify whether it intends to remain within the Eurasian bloc or pursue integration with European institutions.

Putin argued that participation in both systems simultaneously would be difficult to sustain, saying it was “impossible to reconcile the two.”

Armenia deepens Western ties

The pressure from Moscow comes as Armenia continues gradually distancing itself from Russia following years of tensions over regional security issues and the conflict with neighboring Azerbaijan.

In 2024, Armenia froze participation in aspects of its Russia-led security alliance, accusing Moscow of failing to adequately support Yerevan during confrontations with Azerbaijan.

The Armenian government later passed legislation declaring its intention to seek eventual EU membership, further straining relations with the Kremlin.

Under Prime Minister Nikol Pashinyan, Armenia has pursued what officials describe as a policy of “diversification,” aimed at balancing ties between Russia and Western powers.

Despite growing cooperation with the EU, Armenia remains formally part of the Eurasian Economic Union, the Moscow-led economic bloc that includes several former Soviet republics.

Regional competition intensifies

The dispute reflects broader geopolitical competition in the South Caucasus, where Russia’s traditional influence has increasingly faced challenges from Western political and economic engagement.

While Moscow has warned against Armenia drifting toward Western institutions, Armenian officials have argued that expanding relations with Europe does not necessarily require severing ties with Russia.

Putin nonetheless stated that any decision taken by Armenia would not undermine humanitarian or political relations between Moscow and Yerevan.

May 29, 2026 Posted by | Economics | , , , | Comments Off on Russia urges Armenia to hold EU membership referendum

Strategic rebound: How Iran turned military aggression and economic siege into lasting leverage

By Mohammad Molaei | Press TV | May 27, 2026

The US military aggression and economic strangulation ended in a ceasefire, not because of American goodwill, but because the war objectives failed and the aggression backfired.

This outcome reflects a new strategic reality that emerged during the war itself.

Facing the biggest military assault in its history, with Western and Arab countries complicit in arming and supporting the enemy across multiple fronts, Iran not only avoided strategic collapse but imposed a new balance of power on the battlefield.

Against overwhelming odds and coordinated pressure, Iranian resistance transformed what was meant to be a war of submission into a demonstration of enduring national strength.

What has emerged now is far more than the end of a military aggression against the Islamic Republic. It is the failure of a campaign designed to weaken Iran, isolate it from other nations, drain its economic strength, and ultimately force it into strategic retreat.

Military lessons of the war

In terms of the military, the most telling and self-evident lesson from the war is that the idea of “shaping Iran to crumble quickly” was misguided from the outset. Even after multiple claims by the enemy that Iran’s missile infrastructure, command centers, and launch capabilities had been destroyed, Iran continued its regular military activity, hitting the enemy at will.

Missile and drone operations were carried out multiple times every day during the war. The continuity of launch waves will one day become one of the most compelling pieces of evidence that the backbone of Iran’s strategic missile program has remained completely intact.

This revealed a critical wrong assumption made by both Americans and Zionists: the true extent of Iran’s underground military infrastructure, its depth, dispersion, and survivability.

Much of Iran’s arsenal of rockets, along with the necessary underground launching, storage, and escape facilities, is located in hardened bunker networks built over decades to resist common aerial attacks. Some of the most effective US bunker-penetration munitions are thought to be severely restricted by these heavily fortified facilities.

Operational philosophy: Restraint as strength

Also significant was the implementation of Iran’s operational philosophy during the war. Data has shown that Iran was not as aggressive in its use of its most advanced missiles as is often believed. Several systems discussed for years in military circles were either underutilized or not used at all. This has reinforced assessments that Iran deliberately relied more heavily on older missile stockpiles while carefully managing the timing and intensity of launches.

This has led to reports that Iran deliberately kept some of its strategic missiles in reserve while using older arms with calibrated firing patterns. This approach enabled Tehran to maintain its escalation edge while simultaneously proving sustainability.

Moreover, recent reports and analyses of military forces in the region suggest that systems for launching newer solid-fuel ballistic missiles with dual-stage capsules were not widely deployed, though they could greatly boost launch density in future operations.

Iran mounted extended attacks without fully testing its more sophisticated launch architecture. The size and intensity of future attacks could be far greater than anything seen so far.

The naval dimension: Anti-access and area denial

The naval dimension of the war also revealed a major shift in regional deterrence equations. US carrier groups operated well off Iranian waters on opposite shores, a remarkable caution given the overwhelming power of the American navy.

It has become clear that as Iran has matured its anti-access and area-denial (A2/AD) doctrine, derived from the use of anti-ship ballistic missiles, long-range cruise weapons, drones, and multi-tiered coastal defense systems, the country has imposed a new caution on American operational decisions.

The Khalij Fars and Hormuz missiles, along with newer generations of anti-ship missiles, pose a serious threat to large naval assets in the confined waters of the Persian Gulf and the Gulf of Oman. Notably, these systems were not used during the recent war, indicating that Iran kept its deterrent capacity largely unused – yet visible enough to alter enemy behavior. This restraint sends its own message: what remains in the arsenal is far more capable than what was shown.

Strategic failure: The unraveling of the pressure campaign

Strategically, the most significant event of the third imposed war has been the complete failure of the original political goal behind the military pressure campaign. What its planners envisioned was a war that would trigger internal instability within Iran’s borders, fracture its command structure, undermine its regional cooperation, and ultimately isolate Tehran as a matter of strategy. Prolonged military pressure, they believed, would achieve what decades of illegal and crippling sanctions could not.

Not a single one of these goals was realized. The Iranian state machinery was not fractured. Continuity of command was maintained. Regional ally networks remained not only intact but operationally effective. In fact, the war produced the opposite effect on multiple fronts.

The war reinforced Iran’s broader strategic narrative across the region that military pressure alone cannot force Tehran into capitulation.

Diplomatic implications: A unified front that never formed

The results carry significant implications for diplomacy as well. Perhaps the most obvious fact to emerge from the war is that Iran successfully thwarted the establishment of any unified international body arrayed against it.

Despite a heavy Western political and military campaign coordinated with Israeli objectives, large portions of the Global South refused to align with the escalation drive against Tehran.

Several regional governments actively worked to defuse the crisis rather than escalate it. Major powers like China and Russia remained opposed to wider international isolation measures. Even among Western allies, growing concerns emerged regarding the risks of uncontrolled regional escalation, energy disruption, and maritime insecurity.

This deep division inhibited Washington from fashioning the kind of new global pressure architecture against Iran that it has typically pursued during past crises – from nuclear non-proliferation to regional security frameworks. The coalition that was meant to isolate Iran found itself isolated instead.

Economic dimension: Sanctions undermined, energy leverage preserved

The economic goal of the unprovoked war was another expected outcome that was not met. During the war, the economic disruption that many external observers had anticipated became totally muted. Iran continued exporting energy and maintaining its internal markets and logistics throughout the war, despite pressure on infrastructure and the weight of sanctions.

Remarkably, the US-Israeli aggression and Iranian retaliation revealed the fragile nature of the global energy system when it comes to instability involving Iran. The mere threat of escalation at the Strait of Hormuz triggered an immediate reaction from the international community, precisely because of the waterway’s critical importance to global oil supply.

Tehran’s inability to be isolated without sparking international ramifications was reaffirmed by the facts, not least of which are Iran’s deep ties to the region’s energy landscape and its central role in maritime security.

Industrial adaptation: War as a catalyst for expansion

The swift pace of the industrial adaptation process was another crucial factor in the recent war. Based on domestic sources and analyses from military-affiliated institutions, the rate of missile production had already dramatically increased after the 12-day war in June last year, and the recent war only accelerated and extended it even further.

Iran possesses a widespread defense industry, and even if aggressors succeed in targeting its production facilities, these are interdependent in such a way that they can localize supply chains and establish underground production lines.

Far from halting production and launch capabilities, the latest war has spurred strategic investments in survivability, redundancy, and high-volume output.

Political triumph: The narrative that collapsed

Among the more significant political considerations, this war represents a significant triumph for Iran, given the failure of the central narrative that Tel Aviv and Washington had been aggressively pushing for decades.

Their premise was that continued military, economic, and diplomatic pressure would eventually bring Tehran to the end of its rope, forcing it to “sit at the table” to negotiate strategic concessions.

Instead, the war proved to be another confirmation of the reverse: Iran under pressure continues to function, possesses the capacity to retaliate, and maintains domestic and governmental strength and unity. Most importantly, it has survived the encounter with its ability to influence regional affairs completely intact.

This is not to suggest that Iran was unaffected or bore no costs. Wars come with severe costs. But strategic results are not determined solely by the scale of damage. They are determined by the ultimate success or failure of political and military objectives.

The new regional reality

In this respect, there is growing evidence that Iran’s opponents found themselves baffled by the outcome. A campaign designed to diminish Iranian deterrence ended up confirming much of it.

A policy aimed at isolating Iran was met by a pressure strategy that ultimately promoted de-escalation with Tehran and prevented tensions from proliferating across the region.

What emerged instead were increased challenges and the risk of direct confrontation with a long-established regional power armed with deep missile stockpiles, rugged supply chains, and a mature asymmetric warfare doctrine.

The lessons that have become clear on the battlefield, in regional negotiations, and in energy calculations leave Iran poised to enter the post-war era with strategic gains and enhanced leverage.

May 28, 2026 Posted by | Economics, Militarism, Wars for Israel | , , , , | Comments Off on Strategic rebound: How Iran turned military aggression and economic siege into lasting leverage

Empire with a Humanitarian Face: Democrats Rebrand

By Matt Wolfson | The Libertarian Institute | May 27, 2026

American political successions in recent years happen counterintuitively: implicit hand-offs between two nominally opposing sides. This strange reality is where we derive our notion of “the uniparty” and the media its notion of “partisanship.” Through the “partisan” lens favored by media, our politics appears divided between a party, the Republicans, in hock to Israel, the “big five” weapons contractorsreal estateWall Street, and Silicon Valley; and a party, the Democrats, in hock to powerful “progressive” or “Left” nonprofits like ActBluethe Southern Poverty Law Centerthe Center for American Progress, and the Open Society Foundations.

But the “uniparty” theory of the case shared by many politically disenfranchised Americans is a more accurate read of our political reality. Indeed, Democrats are as in hock to corporate and military interests as Republicans, and the newer “New Democratic” Party they are promising as a replacement to Donald Trump is his mirror image—there to serve the same interests under a different and deceptive cultural guise. Tracing the development of the modern Democrats from the late 1980s and early 1990s, and how that development shapes them today, shows that every sector of the party—from “neoliberals” to “progressives” to the Left—is de facto arbitered by military corporate interests which determine its policies and propaganda.

The initial cooption of Democrats by the military-corporate complex forty years ago is a familiar story, but largely one told by the political Left which is loyal to those economic groups left behind by this cooption, and largely unfamiliar to Americans at large. The story, which I have traced in part in past reports for the Libertarian Institute and elsewhere, goes something like this. In the 1970s and the 1980s, financiers used their influence to underwrite philanthropic ventures in New York City that gave them access to institutional and then political power at the expense of unions and activists—a top-down model of consolidating authority that they then transferred to the Democratic Party at large. During these years, what the scholar Dylan Gottlieb calls “a new generation of politicians and donors — people like Gary Hart, Chuck Schumer and Bruce Wasserstein,” took over the mantle of Democratic politics. In 1992, Michael Steinhardt and Al From at the Democratic Leadership Council and Martin Peretz and Leon Wieseltier at The New Republic along with David Geffen and Jeffrey Katzenberg in Hollywood created the platform for Bill Clinton. In 2008, Penny Pritzker, George Soros, and House Speaker Nancy Pelosi, with help from sympathetic media like S.I. Newhouse’s and David Remnick’s New Yorker, created the platform for Barack Obama.

These financial and political and journalistic and policy operators quietly refocused the Democratic Party to depend on corporations, so that “Goldman Sachs employees and their families donated more to Bill Clinton’s…campaign than any other firm” and “Barack Obama…raise[d] more money from Wall Street lawyers and law firms than any presidential candidate in history.” During both administrations, government largesse flowed accordingly. Under Clinton, the fifty major weapons contractors were condensed, based on Pentagon pressure, into the “big five,” with a lock on government contracts, and under Clinton and Obama these companies made their bones off of a spate of interventions or proxy fights abroad: in Bosnia, Kosovo, Afghanistan, Iraq, Libya, and Syria.

Under Clinton, Wall Street investment banks and Silicon Valley technology companies also consolidated based on government backing and thrived off alleged “deregulation.” And under Obama these corporations further concentrated, so that 2015, the penultimate year of Obama’s presidency, was the biggest year ever…in worldwide dealmaking…not just for the total value of the deals but for the number of so-called mega-deals, which refers to any deal that exceeds $5 billion.” The structural legacy of the Democratic Party since the end of the Cold War, then, is political dependency on those very military corporate networks which Democratic rhetoric would seem to belie.

A surprising and instructive place to begin tracing these networks and their priorities as well as their distance from Democratic rhetoric is the pages of The Wall Street Journal, which has recently become a favorite gathering space for neoliberal or “business-friendly” Democrats. This is surprising because it was not thirty years ago that the Journal’s op-ed pages were leading the crusade for the impeachment of Bill Clinton. It is instructive because today some of Clinton’s most prominent allies are appearing in them. Indeed, on three days at the end of April (20th, 22nd, and 23rd), the pages ran op-eds by Clinton’s defender during his impeachment as well as Jeffrey Epstein’s close friendAlan Dershowitz (“Why I’m Becoming a Republican); by Clinton’s Secretary of Housing and Urban Development, Andrew Cuomo (“Trump is on the Right Track in Renewing Penn Station”); and by Clinton’s Deputy Chief of Staff and a possible contender for the Democratic presidential nomination in 2028, Rahm Emanuel (“Trump’s research cuts play into China’s Hands”). These op-eds nicely encapsulate the three political pillars of Democrats’ military corporatism as they have practiced it since the 1990s: reshaping their key voting constituency; funding monopolist development projects; and hinging America’s future on conglomerates’ relationship to China.

Dershowitz assigns his move to Republicans to what he calls Democrats’ abandonment of both Israel and of “moderation,” both of which he hopes the party re-finds:

“… perhaps they’ll wise up and move back to the center, where I (and others) could rejoin [them].”

This “center” was a concept first successfully articulated via the Democratic Leadership Council and Bill Clinton’s 1992 campaign platform the “New Covenant” or the “New Choice” or the “Third Way.” Whatever its name, it was a platform which, thanks to the ministrations of the political strategists Stanley Greenberg and James Carville, “redrew our political map” by “help[ing] to shift the Democratic Party away from the unions, Black Americans and urban bosses of the New Deal coalition and toward the interests of metropolitan professionals.” The political economic focus of this “New Democratic” Party adjusted accordingly, based off the urban development ethos of Michael Steinhardt, now embraced by Cuomo in his Wall Street Journal op-ed. It was Steinhardt along with a roster of other financiers and Steinhardt’s protégé Michael Bloomberg who, as I reported for the Libertarian Institute in October, used government largesse towards financiers and philanthropy to change the landscape of New York City with real estate development and “public spaces” funded by private money. It was this development which made this city and imitators like Miami and San Francisco playgrounds for tech operators and tourists, while driving out productive industry and the middle class.

This was the most tangible expression of a broader pattern: power percolated to the top of society while alienating the middle and working class and the people at the bottom. And the underwriting engine for these elite operators’ growing power—what kept politically dissatisfied Americans politically inactive in the 1990s and early 2000s even as power slowly concentrated behind the scenes—was a seemingly prosperous economy of low consumer costs based on America’s relationship with China, which Rahm Emanuel in The Wall Street Journal makes the linchpin of our development today. The difference is that, where Clinton did this in the 1990s in the name of importing consumer products and exporting American media, Emanuel does it in the 2020s in the name of government investment in Silicon Valley to compete with China. In the end, these different forms of Chinese-centric policy enrich the same groups via lowering production costs or incentivizing government investment: financiers, technologists, and “the metropolitan professionals” who work for them.

The clearest articulation of the Democratic project of the 1990s as repackaged for 2026 is the “Abundance Agenda”: the brainchild of Ezra Klein, the columnist and podcaster at The New York Times; and Derek Thompson of The Atlantic. The “Abundance Agenda,” as I have reported in the past, is monopolist corporatism dressed up as small government practicality. It is a series of proposals to weaken public and regulatory oversight of tech and urban development projects, from Google’s Waymo cars to Michael Bloomberg’s public parks to various real estate schemes helmed by a small rotating band of connected developers. This is not deregulation for the small business owner; it is deregulation for corporate welfare at the expense of local government, and it is being embraced most energetically by Democratic politicians backed by corporate interests.

These include Daniel Lurie, the Mayor of San Francisco, who is relying on philanthropy from Silicon Valley to “fix” the city; and Ritchie Torres, the self-identified “progressive” congressman from New York. Congresspeople Elissa Slotkin (D-MI), Jake Auchincloss (D-MA), Marie Gluesenkamp Perez (D-WA), Tom Suozzi (D-NY), and Jared Golden (D-ME) are also Abundance supporters. Rising Democratic politicians linked to Abundance or its supporters include U.S. Representatives from New York and California Pat Ryan and Jimmy Panetta; Governors of Virginia and New Jersey Abigail Spanberger and Mikie Sherrill; and former Deputy Secretary of the Air Force and current San Antonio mayor Gina Ortiz Jones. Ryan, Panetta, Spanberger, Sherrill, Ortiz Jones, and Slotkin are former intelligence officers; and Spanberger, Sherrill, and Slotkin are eager adapters of Rahm Emanuel’s defense-tech-friendly policies towards China.

Almost all of these players, along with nationally “electable” Democrats in “red” or “purple” states like Senator Ruben Gallego (D-AZ), Senator Michael Bennet (D-CO), Miami Mayor Eileen Higgins, and Texas senatorial nominee James Talarico, are members of Majority Democrats. According to The New York Times, Majority Democrats is a new group of elected officials from all levels of government [with] outsized ambitions to challenge political orthodoxies and remake the party” whose “structure resembles that of the Democratic Leadership Council, the once-influential group that successfully pushed the party to the middle in the Clinton era.” One of its strategists is Seth London, who, in a post-2024 election memo, recommended that the Democratic Party should imitate the Democratic Leadership Council and referenced as crucial to the party’s coming success the Abundance Agenda. London’s CV, not surprisingly, is peppered with financial connections, and so is Abundance: among them Michael Bloomberg, Reid Hoffman, James and Kathryn Murdoch, and the Walton Family, along with the lesser-known but influential operators Rob Granieri, Edward Fishman, Mark Heising, and David Nierenberg.

But why is a political economic agenda of billionaires outlined in The Wall Street Journal the most powerful agenda-setter for purportedly “progressive” Democrats? The reason is straightforward. The most powerful constituency of the new Democratic Party as shaped by funders like Michael Steinhardt, George Soros, Penny Pritzker, and Michael Bloomberg is the one constituted of “metropolitan professionals,” or, in the scholar Dylan Gottlieb’s words, “Yuppies,” who staff the corporate conglomerates these operators own. Though the Yuppie constituency does not share the Journal’s cultural values, it does share the Journal’s economic interests; and, at the hands of strategists like Stanley Greenberg and David Axelrod and David Plouffe, this fact has functioned to create a new progressive Democratic definition of “dispossessed.” At their hands, protecting the dispossessed has come to mean expanding “equal opportunity” to various minority groups or ideological interests that might appeal to Democrats’ Yuppie constituents: in other words, combating injustice in ways that do not affect the political economic structures on which Yuppies or their underwriters rely.

Early moves in this direction came with Martin Peretz’s and David Geffen’s push for gay rights before and during the Clinton administration, but the decisive shift came at the hands of David Axelrod and David Plouffe in the run-up to Barack Obama’s 2012 reelection campaign. As the scholars K.C. Johnson and Stuart Taylor explain, “the Democratic defeat in the 2010 midterm elections focused Obama’s attention on how identity politics could rally his base,” and so “the administration took high-profile positions in favor of marriage for same-sex couples, permitting ‘dreamers’ to remain in the United States and mandating contraceptive coverage in Obamacare.” After Obama’s victory in the 2012 election, an overtly identitarian strategy emerged from Obama’s success. In the words of Bill Clinton’s strategist Stanley Greenberg, in his 2018 book RIP GOP: How the New America is Dooming the Republicans, an America that is “secular, racially diverse, and fueled by immigration,” and filled with “non-traditional family structures,” independent women, and “dynamic cities” means the “[Republican] party’s imminent demise.”

Rhetoric on this register reinforced the perception of moral and political stakes at play, even as the reality was politics-as-usual. Indeed, the groups’ progressivism courted were disproportionally upper-middle class (white collar beneficiaries of affirmative action; college-educated women; gay rights campaigners) or they were groups which benefited the upper-middle class (illegal immigration provided cheap labor). And initiatives to help these groups were undertaken predominantly through regulations and lawsuits, empowering administrative agencies, courts, and single-issue nonprofits. Progressivism’s overall effect, then, was to add regulations to the military corporate complex (more bureaucrats at the Pentagonracial sensitivity training and eco-friendly policies in administrative agencies; formal or informal partnerships between those agencies and the Southern Poverty Law Center or the Open Society Foundations) without diminishing its power. Its unintended effect was to provide Donald Trump fuel against Democrats and Democrats fuel against Donald Trump, since much of Donald Trump’s second term has been devoted to sweeping away these regulations, particularly when it comes to Trump’s ostentatiously deregulated approach to ICEIsrael and AI.

The senior members of the group of Democratic politicians who use progressivism as their spear against Trump are lawyers like Senator Adam Schiff (D-CA) and Representative Jamie Raskin (D-MD). Their “rising stars” include Senator Brian Schatz (D-HI), who is Senate Minority Leader Chuck Schumer’s choice as Schumer’s successor as party leader. Their newer members include Alex Bores, a candidate running on a platform of AI regulation in New York’s 12th Congressional District. And their presidential contenders are Governors J.B. Pritzker of Illinois and Gavin Newsom of California. SchiffRaskinSchatzPritzker, and Newsom have heavy ties to defense technology and financial industries and (in Newsom’s and Schatz’s cases) to the Abundance Agenda, while Bores is running for U.S. Congress in a district which encompasses much of Manhattan and is home to Michael Steinhardt, Michael Bloomberg, and a number of their allies. All of them oppose the current policies of ICE and Israel, but none of them target the consolidated structures of corporate-government power on which ICE and Israel depend.

It might be supposed that an effective counterbalance to the neoliberal and progressive sectors of the Democratic Party comes from the Left since they seem to focus on questions of political economy like redistribution and antitrust. Indeed, Senator Bernie Sanders (I-VT) put the Left’s program best in 2025 when he said that aggressive promotion of identity politics was “what the liberal elite [tries to do].” In Sanders’s summing up of his own view, “Is every gay person brilliant or wonderful or great? No, of course not, everyone’s a human being. The issue is: what do you stand for? And that gets you back to the issue we discussed earlier: class politics.“ This class-over-lifestyle approach seems like a fairly defined brief for mobilizing poor, working, and middle class voters demonstrably shortchanged by a system run on corporate finance underwritten by government. But the exercise of often decisive military corporatist influence extends even to the most viable standard-bearer of Sanders’s revived Left, New York City Mayor Zohran Mamdani, and candidates running in the 2026 congressional elections on Mamdani’s platform.

Mamdani’s chief political strategist, and the chief political strategist of senatorial candidates Graham Platner in Maine and Dan Osborne in Nebraska, is Morris Katz, whose early political contact, thanks to an introduction from his father, a well-known movie director in Tribeca, was Melissa DeRosa, Andrew Cuomo’s closest aide. Since this initial introduction, Katz has moved away from pure establishmentarianism to combativeness with that establishment over issues like welfare and antitrust, but he and his candidates have not changed their rhetoric, which is reliably universalist. Namely, an appeal to concepts like “politics of humanity” or “dreaming and hope” that vacuum out the political economic context of any situation in the name of “pious uplift.” In the words of Susan Sontag, this perspective “systematically denies the determining weight of history—of genuine and historically embedded differences, injustices, and conflicts” by “purporting to show that human beings are born, work, laugh, and die everywhere in the same way” to suggest “a world in which everybody is…immobilized in mechanical…identities and relationships” that make politics “irrelevant.”

Nowhere is the language of universalism more visible than at the Open Society Foundations, the project of George Soros which, as I have also reported for the Libertarian Institute, spent the 1990s and 2000s reliably “piggybacking” on military interventions executed by Democratic presidential administrations in the name of “universal ideals.” The Foundation’s former DirectorPatrick Gaspard, is a close adviser to Zohran Mamdani and the former director of the Center for American Progress or CAP. CAP is funded in part by the Soroses, and it is the brainchild of John Podesta, the influential adviser to Bill and Hillary Clinton. Hillary Clinton is famously the mentor of Huma Abedin, who is now married to Alex Soros: George Soros’s son who now directs the Open Society Foundations.

Based on these connections alone, much of what is said in public by progressive players like Mamdani and Katz begins to seem less relevant: plays in a game to parlay with those Zionists who have a lock on Democratic institutions rather than to meaningfully combat them. And, along these lines, it is not necessarily a coincidence that Zohran Mamdani seems to be embracing aspects of the Abundance Agenda. This may alienate portions of his base (labor unions, environmental groups, anti-gentrification activists) but it appeals to New York’s institutional arbiters. Namely, Governor Kathy Hochul; Congressman Ritchie Torres; The New York Times editorial boardas well as New York City’s police commissioner Jessica Tisch; Tisch’s close friends Ivanka Trump and Jared Kushner, a real estate developer; and President Donald Trump, whose control over federal largesse is necessary for Mamdani’s welfare agenda. Despite differences over welfare policy and rhetoric, the distance from The Wall Street Journal to the pages of the democratic socialist magazine Jacobin, a key supporter of Mamdani’s, is not always so far as it may seem. This criticism is shared by some Leftists themselves: people like the Seattle activist Kshama Sawant, who sees Mamdani courting the universalist and globalist establishment to the detriment of his base in the working class.

There is a particular intellectual style shared across the sectors of this newer New Democratic Party; and its function if not its intent is to distract from questions of who has power and how they are using it. Its guiding concept, a cousin of universalism, is “reason”: in the definition of a recent article in David Remnick’s New Yorker, “to accept that one’s deepest convictions may fail to command assent from others who are no less sincere or thoughtful, and then to propose terms of political coöperation that others can appreciate.” Interestingly, The New Yorker locates its model for public reason in the place most Democrats seem to be locating their new politics:

“Bill Clinton’s… ‘triangulation,’ Tony Blair’s Third Way, and Barack Obama’s insistence on being the most reasonable person in the room.”

These leaders were, indeed, known for their rhetoric, which relied on concepts like “complexity” and “pragmatism.” In practice this meant all-night “grapplings” with “tough issues” of morality or peace; or else detail-heavy and sometimes hyperkinetically minute proposals for “reforming” government, a tactic Rahm Emanuel, an acknowledged master of it in the Clinton White House, has reanimated today. All of this complexity and pragmatism existed under a universalist philosophical veil: the notion that “reasonable people” who all believe in the same undefined abstractions (“human rights” and “democracy,” “hope and change”) can “set aside their differences” and “find common ground” through discussion and debate.

There is a lot of this talk occurring in Democratic circles today. In Morris Katz’s words, politics means “an increased fluency and understanding that we can disagree while being agreeable.” For Rep. Ritchie Torres, it means that “everyone should have a seat at the table, everyone’s voice should be heard, but no one’s gonna have veto power.” For Adam Kirsch in The Atlantic, “the essence of democracy” is “rational discourse” and “thoughtful back-and-forth argument.” For Ezra Klein in The New Yorker, democracy means “building political coalitions around disagreement.” What “reason” or “pragmatism” stands for in this variant is not the formation of public opinion, which as conceived by James Madison would play itself out at the local level on various issues then form a rough consensus throughout the republic based on the free flow of information and debate. What reason or pragmatism stands for in this variant, instead, is elites speaking to elites: a kind of senior debate society of the powerful which functions to elide questions of what actual interests they functionally serve.

Indeed, very few people attuned to Bill Clinton’s or Tony Blair’s or Barack Obama’s administrations would describe them as committed to public reason. Clinton and his political strategists James Carville and Stanley Greenberg were recognized experts at covering electoral bases using stealth emotional triggers, playing to white voters with one hand and black voters with another and splitting the baby on gay rights, while quietly reallocating power to corporate conglomerates and administrative agencies under the aegis of “pragmatism.”

Obama, aided by David Axelrod and David Plouffe, was instrumental in upping the emotional ante of government via identity politics. Gavin Newsom has taken this essentially manipulative approach to an even higher register. He has begun to traffic in criticisms of Republicans using slang like “gay” which is deeply offensive to progressive LGBTQ+ voters but which attracts white men who support Trump, even as he claims to be using this language to “bait” Republican opponents. All the while he is strongly supporting LGBTQ+ rights but making an exception for men’s participation in women’s sports. This is textbook triangulation of a Clintonian kind.

Another Clintonian practitioner is U.S. Senator from Georgia Jon Ossoff, who manages to triangulate between neoliberal center, progressive, and Left. He “supported the Laken Riley Act, an immigration bill written by congressional Republicans that calls for the detention of undocumented immigrants if they are arrested for minor crimes”; he “condemns Trump’s antidemocratic and racist tendencies in a way that excites party activists”; and he “uses Bernie Sanders–like rhetoric to…slam corporations and the super-wealthy. “

What will be the result of a “newer” Democratic Party run along these tried-and-true models? What the last thirty years suggest is an endless bait-and-switch. There has been domestic militarization at home (on black crime and white nationalism) in the name of national security. There have been military interventions abroad (Bosnia, Kosovo, Libya, Ukraine) in the name of human rights. There has been government investment in corporations (the Gramm-Leach-Bliley Act; “free trade” and outsourcing to China; monopolist real estate projects that displace the working and middle class) in the name of “growth.” And there has been “redistribution” (Obamacare, multiple stimulus packages) in the name of human rights and minority advancement. What there has not been is any redistribution of power to legislatures or small business associations or private sector unions or local politics; or an investment in working and middle class independence and productivity. This is a system for institutional “winners,” run by institutional “winners” that operates with the stick of monopolist development and the carrot of government welfare.

An instructively stark lens through which to consider what this system might look like going forward in America comes from “Liberal” Israelis’ Democratic-underwritten policy toward Palestine—not by coincidence, since many of the operators behind America’s modern Democratic Party are Jewish Zionists who, as I have investigated for the Libertarian Institute and elsewhere, succeeded WASPs as arbiters of American institutions forty years ago. In 1993, a year after Clinton’s “triangulation” had won him the White House, he presided over the Oslo Accords between Israel and Palestine. This was arguably the Democrats’ first massive military corporate development project, begun by Clinton and continued by Obama, under the guise of reasoned attention to detail and a commitment to “universal” human rights.

According to Palestinian historian Rashid Khalidi, after the Oslo Accords and despite widespread “euphoria” about them among Palestinians, “conditions grew much worse for all but a very small number of individuals whose economic or personal interests were intertwined with the Palestinian Authority”: what the anti-Zionist Jewish scholar Norman Finkelstein calls “collaboration-building to facilitate a burden-free Israeli occupation.” Under this system, “there were consistent denials of permission to travel and move goods from one place to another as a labyrinthine system of permits, checkpoints, walls, and fences was created.” This was part of a larger process of severing Gaza from the West Bank, which was itself severed from Jerusalem, effectively cleaving the Palestinian territory in thirds. But this was a process partially concealed by a raft of Israeli nonprofits and Israeli corporations that made a presence in the Palestinian territories in the name of “development” and “peace.” Indeed, it was in these years that progressive outlets funded by Soros and Pritzker and other Israeli-linked financiers expanded their commitment to amalgamating Palestinian rights with human rights and LGBTQ+ and women’s rights. This was a version of Yuppie progressivism for the Levant that was put in place even as Palestinians’ sovereignty was being effectively dismantled underneath them.

The overall aim of this process was articulated by Israel’s Liberal Zionist Prime Minister Shimon Peres, who “express[ed] a vision for transforming the Gaza Strip” into a version of the techno-authoritarian city-state of Singapore based on “trade, tourism, and technology.” And now, with the Netanyahu government having spent fourteen years of blockade and three years of genocide strangling Palestinians’ effort at sovereignty via Hamas, Peres’s are exactly the “values” being expressed by Jared Kushner for “remaking” Gaza today. Essentially, Peres’s and Kushner’s plan for Gaza is the Abundance Agenda applied abroad. Its endpoint is the current population being either displaced or forced to turn to low-level service work for corporations underwritten by government in the name of “progress,” “aspiration,” and “enlightenment.” And where America will end up under Democrats is not too different, in broad strokes, than where Gaza will end up under “liberal” Israelis: a techno-corporate “utopia” underwritten by government where uplifting progressive rhetoric and an occasional welfare program disguises the power imbalances underneath. This is not, in any sense, a real alternative to the overt military corporatism of Republicans under Donald Trump. It is military corporatism with a universalist, humanitarian, progressive face.

May 28, 2026 Posted by | Corruption, Deception, Economics, Militarism, Progressive Hypocrite | , , , | Comments Off on Empire with a Humanitarian Face: Democrats Rebrand

The Disasters of War. Trump’s “Peace Through Strength” Doctrine Conducive to Worldwide Famines…

By Manlio Dinucci | Global Research | May 26, 2026

The White House announced:

“The Trump Administration’s doctrine of peace through strength has strengthened alliances and established America as an indispensable force for global stability.

As these achievements mount up, we have unequivocally entered a Golden Age of American Greatness, which promises even greater opportunities and security for the future”.

Adhering to the “peace through strength” doctrine, the Trump Administration increased US military spending from $860 billion in the 2025 financial year to $1.45 trillion in the 2027 financial year. This figure is further increased by $488 billion allocated to the Department of Veterans Affairs and other military appropriations, bringing the US’s annual military spending to over $2 trillion — more than a quarter of the Federal Government’s total public expenditure. Official budgets vastly underestimate the true cost of wars: the Pentagon claims that the war against Iran has so far cost $29 billion, but Forbes magazine estimates the cost at nearly $200 billion.

The blockade of the Strait of Hormuz, which the United States continues to enforce by using its warships to block the entrance to the Gulf of Oman, prevents Asian countries in particular from receiving the oil and gas they need from Iran and other countries in the Persian Gulf. These resources are increasingly being supplied to Asian countries by the United States at much higher prices. The rise in energy prices has led to a rise in the prices of agricultural products, with disastrous consequences.

The World Food Programme predicts that rising food prices will reduce access to food for poor households that were already barely able to afford a minimum diet before the conflict. For the 53 countries for which data is available, the number of people suffering from acute hunger is expected to rise by 45 million – compared with a pre-conflict baseline of 318 million – if the conflict continues into the second quarter of this year.

Overall, more than 360 million people could face severe food insecurity by 2026. This means that millions of people could go hungry. In this way, the war is causing far more casualties than those caused by the bombings. Others will die from the effects of pollution caused by US and Israeli bombing of Iranian oil refineries. An oil slick has reached Shidvar, an Iranian island in the Persian Gulf, surrounded by crystal-clear turquoise waters that provide a refuge for endangered sea turtles and dolphins. It is one of Iran’s most important protected nature reserves. Large dark streaks of oil now snake along the white sandy beaches. Birds, turtles and crabs can be seen trapped in piles of tar.

At the same time, the risk of nuclear war is increasing, both in the Middle East – where Israel, the only country in the region to possess nuclear weapons, could use them in a war against Iran – and in Europe, where the United States has deployed nuclear weapons aimed at Russia. Finland has stated its intention to lift the restrictions prohibiting the presence of nuclear weapons on its territory, in order to align the country with NATO’s ‘deterrence’ policy following its accession to the Alliance in 2023.  This means that US nuclear weapons – such as the new B61-12 nuclear bombs already deployed in Italy and other European countries – could be deployed in Finland, close to St Petersburg and other major urban centres. The Kremlin has warned that nuclear weapons in Finland would pose a very serious threat to Russia. It therefore conducted nuclear exercises from 19 to 21 May, involving 64,000 military personnel and 7,800 nuclear-capable missile launchers.

May 26, 2026 Posted by | Economics, Militarism | | Comments Off on The Disasters of War. Trump’s “Peace Through Strength” Doctrine Conducive to Worldwide Famines…

Sinopec’s Jiyang shale oil base in Shandong Province produces 2 million tons of crude oil

Global Times | May 25, 2026

A major shale oil base in Jiyang, East China’s Shandong Province, which is operated by Sinopec, has achieved cumulative crude output exceeding 2 million tons, marking a breakthrough in safeguarding national energy security, China Media Group reported on Monday.

Covering 7,300 square kilometers, the base has accelerated production capacity expansion this year. In the first four months of this year, the zone put 10 high-production wells into operation, delivering shale oil output of 14,000 tons, a 15 percent year-on-year increase.

Shale oil, trapped in tight and fragmented rock formations with no natural flow capacity, is widely regarded as one of the world’s most difficult exploration challenges.

Through independent innovation, Chinese researchers have conquered more than 40 key technological bottlenecks. They pioneered a targeted exploration and development theory tailored for continental faulted basins. The breakthroughs have enabled the effective exploitation of 90 percent of previously inaccessible shale oil resources in the region, uncovering three 100 million ton level oil fields.

The Jiyang shale oil demonstration zone has reported proven geological reserves of 327 million tons, with estimated total resources reaching 10.5 billion tons. The massive new reserve is equivalent to discovering a large new oilfield, supporting stable crude output growth and reinforcing China’s energy security.

China boasts abundant shale oil resources, distributed across five major basin areas including the Bohai Bay and Ordos in North China’s Inner Mongolia Autonomous Region, as well as eight medium-sized and small basins. The country’s technically recoverable shale oil reserves now rank third worldwide at about 32 billion barrels.

Unlike marine shale oil overseas, China’s shale oil is largely continental, featuring more complex geological conditions and greater development difficulties, said Guo Xusheng, an academician with the Chinese Academy of Engineering.

Driven by continuous technological breakthroughs, China’s total proven shale oil reserves have reached 1.84 billion tons. The country’s annual shale oil output topped 8.5 million tons last year and is expected to surpass 10 million tons soon, demonstrating strong development prospects.

With the orderly construction of national-level shale oil demonstration zones including Jiyang, China has built the world’s largest continental shale oil development system with fully self-controllable core technologies. The industry has achieved a leap from technological breakthroughs to large-scale stable production, emerging as a strategic pillar in safeguarding national energy security.

May 25, 2026 Posted by | Economics | | Comments Off on Sinopec’s Jiyang shale oil base in Shandong Province produces 2 million tons of crude oil