Acclaimed economist Eswar S. Prasad argues that the very forces expected to stabilise the world order are fuelling disarray. Globalisation has deepened inequality in many countries, stoked political backlash and triggered trade wars. we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. With instability the new status quo, we need radical solutions to reinvigorate the world economy, prioritise common aspirations – and halt the downward spiral.

Factors such as the geographies in which they operate, the profile of their sponsors, fans, the very sport itself, any links they have with states, industries and organisations, and many other factors.

Martin Wolf, Chief Economics Commentator, Financial Times, and Sebastian Mallaby, Senior Fellow for International Economics, CFR – America’s 250th birthday is the talk of the nation. But the more important story might be what the milestone reveals about the fragile bargain between democracy and markets, and whether the republic can survive its own cultural divisions.

Dr John Hulsman, a leading foreign policy analyst, returns to the podcast. John has made a name for himself as a pre-eminent predictor of geopolitical risk in the multipolar era. He prides himself on his ‘call record’, beating those of his rivals. We discuss Trump’s deal with Iran, the balance of power in the Middle East, political risk forecasting at the halfway point of 2026, the use of war gaming as a tool for corporate decision-makers, and the wider implications of deal-making, alliances and governance in a multipolar world.