The Truth About American Hegemony | The Ezra Klein Show

The discussion centers on Mark Carney's speech at Davos, interpreting it as a commentary on the shift from a values-based international order to one of weaponized interdependence, particularly concerning the U.S.'s use of economic leverage. Henry Farrell, an international relations professor, explains how the U.S. has increasingly used its control over the dollar and global financial systems to exert power, citing examples like sanctions against North Korea and Iran. The conversation explores the idea of the "inshittification" of American power, where the U.S. leverages its dominance for short-term gains, potentially undermining long-term trust and integration. Carney's warning against hegemons continually monetizing relationships is analyzed, suggesting countries may diversify and build independent capabilities to withstand pressure, possibly aligning with China as a counter-balance.