
From me this week as Nat Wilson Turner
This week at Naked Capitalism I pulled a shift covering the Iran War and tried to connect the dots between Pete Hegseth’s Department of War and what’s going on with Meta and OpenAI.
I also continued my “Joe Biden’s Three Genocides in Four Years” series with the first installment of the Ukraine debacle.
- Iran War: Ansar Allah Takes Mocha and the Bab el-Mandeb Islands, Putting Both Chokepoints in Play — Naked Capitalism,
- Coffee Break: Hegseth, Altman and Zuckerberg, Elite Impunity Run Amock — Naked Capitalism
- Joe Biden’s Three Genocides in Four Years: Ukraine, Part 1 — Ian Welsh
- Coffee Break: Labor Day Songs & Stories From the Let It Roll Podcast — Naked Capitalism
More of what I wrote and recorded for The MMA Draw and The Let It Roll Podcast is at the bottom of this post but I wanted to feature the news links and think pieces.
What I’m Reading and Watching
The Iran War
- The Iran War Has Just Had A Major Phase Change — Ian Welsh. On the interceptor math: the US runs out long before Iran does if Iran chooses to go all out, and hitting only three or four tankers a day was a choice rather than a ceiling.
“As I said day one of the war, the math is on Iran’s side: the US will run out of interceptors long before Iran if Iran chooses to go all out.”
- The Shattered Myth of US Military Primacy — Steve Jermy
- Exclusive: Pakistan warns Iran to rein in Houthis as Riyadh strikes back — Reuters. Will Saudi’s new daddy actually do anything to protect them from mean ol’ Ansar Allah? I wouldn’t bet on it. What’s Pakistan gonna do? Bomb the Houthis? They’ve been bombed since 2015 by the Saudis, the UAE, the US & UK. Would Pakistan actually send ground forces to the Arabian Peninsula? What would India have to say about that?
- Iran Ready for More Intense War, Won’t Relent, Official Says — Bloomberg
- Is Oil Blocked or Flowing? Co-Founder of Tanker Trackers Samir Madani Joins WGOW Shipping (YouTube) — What’s Going on With Shipping. Show host Sal Mercogliano is a top subject matter expert on shipping and Samir Madani is *THE* subject matter expert on oil tankers. Pay attention to the industry experts, ignore the cable news pundits and especially the Trump administration idiots.
- Col. Larry Wilkerson: Trump Has No Plan in Iran. Hegseth Is Running It — and Lying to Everyone (YouTube) — Ian Proud. Col. Wilkerson is one of my absolute favorite alt-media geostrategic stars. Former UK diplomat Ian Proud is a knowledgable and affable host.
- Oil Price Soars as Wars on Yemen and Iran Escalate (YouTube) — Dimitri Lascaris. A Greek-Canadian who’s spent a lot of time in Lebanon and other West Asian locations. Good coverage of the ME war.
- Amb. Chas Freeman: Saudi Arabia’s Major Losses Amid Israel’s Crumbling War (YouTube) — Dialogue Works. Nima is great and Ambassador Chas Freeman is one of the sage voices from the Silent Generation who understands how US foreign policy went so wrong.
- Houthis Take the Strait | MBS Begs Trump Twice | Ukraine to Draft Women? — (YouTube) Conversations Among The Ruins. I enjoy the dynamic between Charlie and his (incredibly well informed) dad.
Empire, and what it remembers
- Biden And Netanyahoo Were Warned Of Oct. 7 – Both Ignored The Hostages — Moon of Alabama. The more we learn about what went on to trigger the Gaza genocide the worse it gets. Hell awaits.
- Long 9/11 – Sam Husseini and Aaron Good (YouTube) — American Exception
Aaron is joined by congressional candidate San Husseini, whom you might remember for holding Biden State Department Spokesweasel Matt Miller to account until they finally dragged him out of the press room on Miller’s last disgraceful day. - When 9/11 Got Hip-Hop, It Killed Dissent — Un-Diplomatic
- 25 Years Ago a Bunch of Important People Skipped Work for No Reason — Sean P. McCarthy. Every year it seems like 9/11 gets a little truthier.
- 25 Years of War Was the Wrong Response to 9/11 — Medea Benjamin and Nicolas J. S. Davies at Naked Capitalism. Obvious but bears repeating.
- Europe Has Lost Its Guiding Myth — Alastair Crooke. From 2023, even more accurate today.
- The Kingdom that sold the world — Karim Zidan at Sports Politika. Karim knows Saudi politics like no one else. I gave Karim his start in journalism at Bloody Elbow and I’m always proud to show off his work whether it’s at the NYT or on his own site. His book THE ULTIMATE STRONGMEN: MMA and the Rise of the Authoritarian Right is coming out soon.
The AI trade
- The A.I. Industry will never rein itself in — Dave Karpf
- No, Anderson Cooper, AI is not going to kill all humans by 2030 — Gary Marcus. AI is already causing harms and there are many real risks, but the constant focus on absurd end-of-the-world fantasies has made the situation worse.
- Stop Panicking About AI — Matt Stoller, BIG. Reads the doomer wave as a business strategy: the resignations and the “could kill all humans” claims are running straight into Anthropic’s IPO, expected within about six weeks at a multi-trillion valuation, while the frontier labs still have no demonstrated path to profit.
Money
What the heck is going on with the bond market, private equity, etc
- The Impotence of Being Kevin Warsh — James K. Galbraith at INET. The tools and concepts guiding monetary policy may no longer fit an economy reshaped by AI, shifting prices, and the fading power of interest rates.
- Private Equity: How the Big Long Became a Long Con as Fund Managers Hang on to Investor Funds — Sebastien Canderle at Naked Capitalism. PE managers have been struggling to dispose of portfolio assets since the rate rises that followed the war in Ukraine; for some the exit dry spell is turning into an existential threat.
- Has capitalism failed, or has neoliberalism destroyed it? — Richard Murphy




