Hidden empire: How America wields economic power

Hidden empire: How America wields economic power

This week, Mark Leonard is joined by Henry Farrell, ECFR council member and professor at John Hopkins University, to discuss Henry’s new book “Underground Economy”, co-authored by Abraham Newman. In their take, globalisation has brought interdependence—which is being weaponised as a tool for strategic advantage. As the main facilitator of global interdependence, America exploits countries’ embeddedness in the US-led global order and uses its financial position to its own strategic advantage.

But what are the implications of America weaponising this interdependence? How can key actors exercise power in this hyperconnected system? And what challenges and opportunities does Europe face in this competitive and interconnected environment?

Bookshelf:

Underground Empire: How America Weaponized the World Economy- Henry Farrell and Abe Newman

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Episoder(631)

Bretton Woods institutions in a new world order

Bretton Woods institutions in a new world order

This week Mark Leonard is joined by Mark Malloch-Brown. Mark is the former president of the Open Society Foundations, former head of the United Nations Development Programme, formerly UN secretary gen...

20 Feb 30min

Live from MSC 2026: Transatlantic turning point

Live from MSC 2026: Transatlantic turning point

In this special episode of the World in 30 Minutes, Mark Leonard welcomes Editorial Director and Senior Policy Fellow Jeremy Cliffe, Senior Policy Fellow, Ulrike Franke, Distinguished Policy Fellow, J...

14 Feb 36min

Munich Security Conference Special with Elbridge Colby

Munich Security Conference Special with Elbridge Colby

This episode features a live recording of a conversation between ECFR director Mark Leonard and US undersecretary of war for policy, Elbridge Colby, which took place during the Munich Security Confere...

13 Feb 44min

Lessons from the Greenland crisis

Lessons from the Greenland crisis

This week, Mark Leonard is joined by Tiago Antunes, Portugal’s former secretary of state for European affairs and senior visiting fellow at ECFR, and Jim O’Brien, former US assistant secretary of stat...

13 Feb 25min

Indignity with Lea Ypi

Indignity with Lea Ypi

Mark Leonard is joined by Lea Ypi, ECFR council member and professor in political theory at the London School of Economics, to discuss her latest book Indignity: A Life Reimagined, which asks how indi...

6 Feb 32min

Europe-Africa relations in 2026

Europe-Africa relations in 2026

Mark Leonard is joined by Africa experts Nathalie Delapalme, CEO of the Mo Ibrahim Foundation and ECFR council member, Carlos Lopes, honourary professor at the University of Cape Town who has occupied...

30 Jan 34min

The EU-India mega-deal

The EU-India mega-deal

In an emergency podcast episode, Mark Leonard welcomes James Crabtree, ECFR distinguished visiting fellow and former Mumbai bureau chief for the Financial Times, to discuss the long-awaited EU-India t...

29 Jan 18min

Live from Davos with Alexander Stubb

Live from Davos with Alexander Stubb

In this episode, Mark Leonard sits down with Finnish president, Alexander Stubb, in Davos for a conversation about Donald Trump’s view of Ukraine, Greenland, the world and Europe’s place in it. They e...

20 Jan 25min

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