The Most Important Foreign Policy Speech in Years

January 27, 2026

Guests: Henry Farrell

Henry Farrell is an international-relations professor at Johns Hopkins University and the co-author, with Abraham Newman, of Underground Empire; he writes the Programmable Mutter Substack.

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About this episode

Klein and Johns Hopkins professor Henry Farrell examine what Canadian prime minister Mark Carney meant by a global 'rupture,' through Farrell's framework of 'weaponized interdependence': dollar clearing, technology, weapons platforms, and supply chains can be turned into coercive instruments. Earlier administrations deployed such tools against terrorists, North Korea, and Iran; Trump has expanded them to pressure allies and even International Criminal Court officials. The liberal order rested not only on American power but on credible self-restraint, Farrell argues, and transactional extraction destroys trust — prompting countries to diversify — which he likens to platform 'enshittification.' They discuss Václav Havel on coordination and resistance, why Trump's inability to commit to restraint is a strategic weakness, and Trump's drift toward personalistic 'neoroyalism.' The Melian dialogue, they conclude, is Thucydides' warning about Athenian hubris, not an endorsement of brute force.

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