Steve Keen Warns The Iran War Will Crash the World’s Economy and Trigger WW3

I had the pleasure of meeting Professor Steve Keen, a prominent Australian post-Keynesian economist, author, and academic, who was one of the few economists to accurately predict and warn of the 2008 Global Financial Crisis years before it happened.

If you have been following my work and this podcast, you would know that I have been calling out the AI bubble years before people even knew what AI was, and that my retorts were not only targeting the overinflated Hollywood-level nonsense peddled by techbros.

I have also targeted what I describe as the “Ethics bros” who equally overinflated doom and gloom narratives about AI and Hollywood-level dystopian nonsense.

Hence, in this conversation with Professor Steve, I’m shocked that we live in a world where the warnings from Steve, based on actual evidence and real data, are anything but hype, and, above all, are not being discussed by the two aforementioned clickbait camps.

I dug into why the current AI boom is not just a story about overhyped chatbots, but also a tangled-up mess of bad economics, libertarian ideology, energy constraints, and environmental abuse all at once. Not to mention the cherry on top in the form of the Iran War and the consequential crises we are yet to face in the coming weeks, months and years!

What stood out to me is that the systems powering the global economy as we know it (i.e., finance, infrastructure, politics, and energy) can barely handle the scale of the bet being made in the current libertarian bubble that has run out of ideas.

Steve’s view throughout the discussion was blunt: Forget the bubble. We are at the cusp of a wider collapse waiting to happen. Not in the faraway future, but in 2026!

Steve also explains why mainstream economics consistently misses the real risks, as it overlooks how banks create money, how debt fuels bubbles, and how fragile our public systems truly are. And this is not for the first time.

Join the conversation now to learn about basic economics without the jargon, why we have all been fooled by theoretical economists responsible for the repeated economic failures adopted by governments, and the models we need to push that focus on urgently protecting people, stabilising essentials, and taking energy and climate seriously before the system breaks.