Why the new world order will be worse than you think

Money & Macro · 2026-02-05 · 25 min
https://www.youtube.com/watch?v=g37E9ztzxkEVideo summary
Trump’s Greenland and Venezuela moves may reflect billionaire court politics as much as U.S. strategy, amid the order’s collapse.
A doctored map showing U.S. claims on Venezuela, Greenland, and Canada underscores the breakdown of the postwar rules-based order, which Mark Carney says is giving way to great-power rivalry. The video traces that order from the 1941 Atlantic Charter and 1944 Bretton Woods to the UN, noting its gains in peace, trade, and poverty reduction alongside selective enforcement and the damage done by Russia’s invasions, U.S. tariffs, and other powers. One explanation for Trump’s actions is a return to spheres of influence: consolidating U.S. power in the Western Hemisphere to compete with China and Russia. But Venezuela’s costly oil, existing U.S. access to Greenland, and tariffs on China’s rival India complicate that logic. Professors Stacy Goddard and Abraham Newman propose a neo-royalist lens: policy may serve ruling cliques and donors, including refinery interests and Greenland-connected billionaires. The video concludes that weakened institutions could bring more volatile tariffs, sanctions, and wars, while a future leader might rebuild a liberal order.
Chapters
- 0:00Intro: Carney, Miller, and the neo-royalist explanation for U.S. moves in Venezuela and Greenland
- 4:21The old order: Bretton Woods, the UN, and the postwar rules-based system’s collapse
- 11:27Great-power competition: Westphalian realism, Greenland, and the Monroe Doctrine
- 17:06Neo-royalism: Trump’s donor networks, Greenland, Venezuela, and tariffs on India
- 21:24Conclusion: A more volatile order, but a possible liberal revival after Trump
What the full analysis includes
5 chapters · 24 key points · 5 section summaries · mind map
Preview of the first chapter · Intro: Carney, Miller, and the neo-royalist explanation for U.S. moves in Venezuela and Greenland
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