Rules against power: Does the world need a new economic alliance to balance the US and China?

Rules against power: Does the world need a new economic alliance to balance the US and China?

Author: Chatham House June 5, 2026 Duration: 35:51

Would the world benefit from a new economic alliance to stop China and the US from undermining the global rules we all depend on – a new 'third pole'? 

That's the conclusion of a new Chatham House report published this week. How would an economic bloc like this work? Who could build it? And how would China and the US – even post-Trump – react to such a challenge to their power?

Laurel Rapp, director of our US and North America Programme, talks over an audacious plan for a new world order with the report's author and director of our Global Economy and Finance Programme, Creon Butler. They are joined by director of our Europe and Russia and Eurasia Programmes, Grégoire Roos.
 
Read our report: Saving global economic governance from the 'Trump shock'

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Hosted by Chatham House director Bronwen Maddox, Independent Thinking brings the institute’s private deliberations into the public ear. This isn’t a rehearsed lecture series, but a direct channel into candid, high-level discussions typically held behind closed doors. Maddox guides conversations with a carefully selected mix of leading policymakers, frontline journalists, and Chatham House’s own deep bench of experts, focusing on the international political issues that are shaping headlines and rewriting global strategies. The tone is analytical yet accessible, privileging substance and nuance over soundbites. Each episode feels like a privileged seat at a crucial roundtable, where complex topics-from shifting alliances and economic sanctions to climate diplomacy and conflict-are unpacked with clarity and intellectual rigor. Listeners gain a clearer understanding of the forces driving world events, hearing diverse perspectives clash and converge in real time. For anyone looking to move beyond the superficial news cycle and engage with the substantive arguments defining our geopolitics, this podcast offers an essential and thoughtful resource. It’s where informed opinion meets the pressing questions of our moment, fostering a deeper kind of political literacy.
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