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Odd Lots

Martin Wolf on the 'Terrifying' Superpower That the US Wields

May 14, 20261h 5m · 11,169 words

Show notes

Last year, when we talked to Martin Wolf, the global order seemed like it was being upended after President Trump unveiled his sweeping tariffs against nearly every US trading partner. A lot has happened since then. In fact, April 2025 seems almost quaint when compared to 2026 so far, from the Supreme Court's tariff ruling to the US-Israel war with Iran.

Highlighted moments

since 1950, on the data from Angus Madison, must be right, there have only been two years in which the world economy shrank. Two.
The vulnerability of Europe is staggering. Just think what would happen if the American administration decided, if it could decide that, to just close off our access to the American digital stack, as it were.
a completely bewildering superpower is absolutely terrifying. Nobody likes China. Nobody, really. But they know what it's about. It's predictable.

Transcript

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