Podcast: Making sense of global inflation, looming recession, & economists who disagree

Listen: Ian Bremmer and Rahm Emanuel discuss the deepening conflict in the Middle East, US foreign policy under Trump, and the upcoming midterms.

Emanuel argues that this is a war of choice, one President Trump made himself, not one driven by external pressures like Israel’s influence. While Benjamin Netanyahu has long pushed for military action, Emanuel stresses that the responsibility for war ultimately lies with the US president, not foreign actors. He also highlights how America’s fractured political system has complicated decision-making, making it harder for the US to act with a unified voice on the world stage.

Emanuel argues that Trump’s actions have eroded relationships with critical allies, particularly in Europe and the Gulf. “The price of belittling your allies is now coming home to roost,” Emanuel warns, pointing to the growing isolation the US faces at a time when global cooperation is needed most. He also discusses the broader implications of US military deployments in the region and the rising threat of Iran's growing influence.

Emanuel also addresses the internal division within the US, explaining how China is carefully watching America’s internal dysfunction. “Nothing China does scares me,” he says. “It’s what we don’t do here at home that scares me.”