Glenn Diesen - Greater Eurasia Podcast Robert Skidelsky: After Globalisation - Return of Fascism & War
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Nov 16, 2025 
In this captivating discussion, Lord Robert Skidelsky, a British historian and economist known for his work on John Maynard Keynes, explores the unsettling link between globalization, fascism, and impending war. He warns of the parallels with the 1930s and how economic nationalism can slip into fascist rhetoric. Skidelsky also critiques the unsustainable nature of U.S. hegemony and analyzes the complexities of the U.S.-China economic relationship, emphasizing the need for institutional solutions to foster balance without fostering hatred.
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Hegemonality Enables Globalization
- Globalization historically depends on a single hegemon to provide security and public goods for trade.
- When hegemonic power fades, multipolarity and deglobalization naturally follow, increasing risk of conflict.
Hegemon's Burden Weakens Order
- The hegemon weakens by providing public goods while others free-ride, a central Kindleberger point.
- Without a global authority replacement, trade corridors and financial systems fragment under multipolar stress.
Sanctions Fuel Deglobalization
- Economic sanctions accelerate deglobalization by pushing states to diversify partners and form trade blocks.
- This bloc formation risks dissolving global payment systems like SWIFT and increasing geopolitical fragmentation.
