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Niall Ferguson

👤 Speaker
709 total appearances

Appearances Over Time

Podcast Appearances

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

world, including Europe.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

So here's the thing that the Europeans never want to face, that throughout the period since 1945, certainly from 47, 48, 49, they have relied on the US for their nuclear security.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

Nuclear deterrence is not really provided by the French force de frappe, certainly not by British Trident.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

It's an American public good that is made available to Europeans.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

It's not included in the NATO budget.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

It's America's strategic force that says the Russians can't have Central or Western Europe.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

And if they try to have it, they risk obliteration.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

That's been the position really since the late 40s, and that has been the position

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

despite the end of the Cold War.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

Now, nobody likes talking about this in Europe, because strategic autonomy, if it were to be meaningful, would mean that the Europeans would need a proper nuclear arsenal, which they can't remotely afford, and I don't think they would have the political will to build.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

So what is the alternative, really?

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

There isn't one.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

The United States is the thing that deters Russia.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

And as China is now in the midst of building a huge nuclear arsenal that will at some point be as big as the Russians, you really need the United States.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

Otherwise, you're completely at the mercy of the great Eurasian autocracies, which I don't think even the most Trump-phobic European liberal could regard as a good outcome.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

Another thing that's important when we get to reality is that geopolitics doesn't change that much because the world's geography is pretty constant over time.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

And whether you're looking at now, or if you want to look at the 1940s, or if you want to go back to the early 1900s, there are really two great geopolitical formations.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

This goes back to the early theorists of geopolitics, Mackinder and Spikeman.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

There's the great Eurasian land mass, which has historically been dominated by large authoritarian empires.

The Prof G Pod with Scott Galloway
Trump’s World Order — Live from Davos, with Niall Ferguson

And then there are the rimlands, which are kind of Western Europe, the British Isles, the Americas, and then Japan and the Asian equivalents.