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Peter Middlebrook

Economist

Jun 30, 2026

1:45
What are your thoughts on, uh, on this latest development?
1:48
Well, sure.
1:48
I mean, first of all, thanks for having me.
1:50
Middle East is a convergence zone.
1:51
It's a convergence of cultures and technology and, and, uh, and innovation, and, uh, a geostrategic space which can't be copied.
1:59
It's a major comparative advantage, uh, that it has.
2:02
So I think this deal is useful.
2:55
When you say it's, it's a strategic place, is it, is it just purely geographical, or do you think there's something about its culture and makeup as well that makes it a, a unique place?
9:42
They're setting a very poor example for the rest of the world.
9:45
So, I mean, it's a challenge to international law, but international law has been in free fall for decades, to be perfectly honest, right? We've had a litany of conflicts which were not mandated by the U.N.
9:56
Security Council.
9:57
I mean, forget the discussions on the membership of that structure.
10:02
But the reality is that all empires, you know, what happens, you know, The United States was a free open market.
10:11
Everybody went there, they started investing.
10:13
And you've had a great two, 300 year run.

19 MINS LATER

28:53
recently raised to pay for that, right? So you've got increasing tax burden.

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