Glenn Diesen - Greater Eurasia Podcast
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Steve Jermy: End of U.S. Military Primacy - New Strategic Thinking Requried
The balance of global power has fundamentally shifted away from the United States and the political West due to Western strategic incompetence, financialization, and the loss of industrial capacity, while Russia and China have consolidated dominance over the Eurasian World Island. Western nations must abandon failed hegemonic projects, withdraw from unwinnable conflicts, and engage pragmatically with the new multipolar reality to secure their economic and national interests.
Briefed in the Geopolitics edition of Sunday, 13 September 2026
What was discussed
Three foundational factors of national power2:34
- Steve Jermyassertion
Industrial production, energy, and strategic competence are the three foundational factors of national power, not GDP. Russia is outproducing the whole of the West in terms of 155 millimeter shells. Germany is deindustrializing by shutting itself off from cheap Russian natural gas. The West lacks competence in the capacity to think and act strategically, evidenced by defeats in Afghanistan, Iraq, Libya, Syria, and pending defeats in Ukraine and Iran.
End of U.S. military power projection9:57
- Steve Jermyassertion
The West is unable to defend itself against sustained strategic bombardment by drones and missiles. The U.S. has been pushed further west in Iran, with bases damaged and carriers pushed back, meaning American airpower and naval forces cannot be used safely. The end of U.S. hegemony is here because it can no longer deploy power at a time and place of its choosing.
Balance of passion and political will11:22
- Steve Jermyassertion
The Taliban and Viet Cong defeated stronger Western forces because they believed more in their cause and were prepared to pay a higher blood price. A relatively small level of U.S. casualties in the Iran war is a very significant political issue in the United States.
Western outsourcing and financialization17:13
- Glenn Diesenassertion
The West outsourced industrial production in the 1990s to focus on tech, finance, and services, losing its industrial might.
- Steve Jermyassertion
The West was guided by the Chicago School of economists and the financial sector, which led to outsourcing military production.
- Glenn Diesenassertion
Iran and Russia can defeat the U.S. by making cheap missiles and drones, without needing a traditional air force or navy.
Need for strategic reform and withdrawal23:16
- Steve Jermyassertion
Western leaders must conduct deep inquiries into strategic failures and replace incompetent political and military leadership.
- Steve Jermyopinion
The West should extract as quickly and humanely as possible from the wars in Ukraine and Iran.
- Steve Jermyspeculation
An unfolding energy and economic shock will force Europeans to the negotiating table and trigger self-reflection.
Failure of NATO and U.S. security pillars35:09
- Steve Jermyassertion
NATO has failed because it did not prevent war in Europe and cannot support Ukraine to win.
- Steve Jermyopinion
Europe should base its security on the OSCE and an integrated approach, listening to Russia's calls for a common European home.
- Steve Jermyassertion
The U.S. ranks Europe fifth in its national security priorities and wants Europe to organize its own defense.
Narrative constraints on strategic analysis41:07
- Glenn Diesenassertion
Recognizing that Russia or Iran is winning or has legitimate security concerns is labeled pro-adversary, making objective strategic analysis impossible.
- Steve Jermyassertion
Western politics is encumbered by narrative and spin, preventing realistic assessment of the balance of power.
Mackinder's geopolitics and the World Island43:00
- Steve Jermyassertion
China and Russia are the two critical countries on the World Island, and their relationship is not one of junior partnership.
- Steve Jermyopinion
Nations on the geographical periphery of the World Island must engage with Russia and China through trade and practicality, not values.
- Glenn Diesenassertion
Mackinder's ideas influenced U.S. Cold War strategy to prevent a Eurasian hegemon, but NATO expansion broke with offshore balancing and provoked the current conflict.
Shift to a multipolar world order56:45
- Steve Jermyassertion
The balance of power has shifted, resulting in a strong and unified Russian-Chinese hegemony on the World Island.
- Steve Jermyopinion
Europe must establish solid working relationships with Russia and China and accept that it is no longer a strong area of the world.
- Steve Jermyspeculation
The U.S. will struggle to regain military power as China cuts off critical rare earth minerals.
Every episode of Glenn Diesen - Greater Eurasia Podcast, briefed the morning after, with up to nine more shows in one daily email.
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