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Home » Diary Of A CEO: w/ Ian Bremmer on 2026 Top Risks Report (Transcript)

Diary Of A CEO: w/ Ian Bremmer on 2026 Top Risks Report (Transcript)

Editor’s Notes: In this gripping episode of The Diary Of A CEO, Steven Bartlett sits down with world-renowned political scientist Ian Bremmer to dissect the 2026 Top Risks report and the shifting global power vacuum. The conversation delves into the potential for a U.S. political revolution, the rising tensions with Iran, and the invisible but systemic risks posed by advanced AI models. Beyond the warnings, Bremmer shares a message of pragmatic optimism, exploring how global crises can be leveraged to find realistic solutions for a more stable future. (April 16, 2026)

TRANSCRIPT:

The World’s Biggest Geopolitical Risks in 2025

STEVEN BARTLETT: Ian Bremmer, what is this document that I have in front of me here?

IAN BREMMER: This is our Top Risks Report. We put it out at the beginning of every year, try to help people around the world understand the risk environment globally.

STEVEN BARTLETT: So for the last 30 years, your firm has been trying to understand the world to help make better decisions based on the big picture of what’s happening geopolitically.

IAN BREMMER: Yeah.

STEVEN BARTLETT: And every year your firm releases this top risk report.

IAN BREMMER: Yeah.

STEVEN BARTLETT: The 2026 one appears to be pretty prophetic because a lot of the things that you list as the top risks are playing out before our eyes. For anyone that hasn’t read this report, what are the most important subjects? You wrote this in January. We’re now sat here in April, I believe.

IAN BREMMER: Yeah.

STEVEN BARTLETT: What are the most important subjects of the top 10 risks that you think we should talk about today?

Risk #1: The United States as the Biggest Driver of Global Uncertainty

IAN BREMMER: I think that there are 3 that are really big. The first is that the United States has become the biggest driver of risk, the biggest driver of geopolitical uncertainty in the world. And we see that with the tariffs, we see that with Venezuela, we see it with Greenland, we see it with Iran.

I mean, if there was that level of uncertainty in a smaller political system, and that happens all the time, we wouldn’t care as much because the global impact would not matter, but everyone out there is affected by even small changes in the United States. Suddenly, big changes in the United States.

The Americans are saying, “We no longer want to play by the rules that we set up historically. We don’t want the free trade system that we put together. We don’t want to be the global policeman that is paying for the collective security. We don’t want the open borders that used to welcome so many people from around the world. We want a very different set of rules.”

The American system is not being challenged by the Chinese saying, “We don’t want.” The Americans themselves and the leadership are saying, “We refuse to be the leader that we used to be.” So that’s number one. Yeah, that is number one.

STEVEN BARTLETT: And this is a critical risk.

IAN BREMMER: That is a critical risk. That’s the most important without any question. And again, I say critical in terms of it is happening right now. It is overwhelmingly likely, it’s overdetermined, and the impact is massive.

So there’s no way you could look at the geopolitical order today and not say this is the most important thing that is not just driving headlines, but that’s creating real movement in how the global economy works, how global politics works, global security, everything is driven by this change.

Risk #2: China’s Long-Term Strategic Power Play

STEVEN BARTLETT: And what’s the second one?

IAN BREMMER: The second one is the big question of how the second most powerful country in the world is responding to all of that. Now, we in the top risks piece talked about overpowered, overpowered being the global energy dynamic, how China has been working to build the most effective electric vehicles all over the world at scale and the batteries all over the world at scale and the critical minerals and rare earths for decades now, not just having access so they can exploit them, but also so that they can reprocess them.

STEVEN BARTLETT: For anyone that doesn’t know what critical minerals are and how important they are to our everyday lives, could you give us some color there?

IAN BREMMER: Sure. We’re talking about all of these things that you take out of the ground, whether it’s lithium, antimony—

STEVEN BARTLETT: Which is in all these devices.

IAN BREMMER: In every device, in your car battery, it’s in your missile systems and your advanced weaponry that keeps you safe at home or allows you to go to war against somebody. I mean, you can’t have an advanced economy without critical minerals and rare earths.

And the Chinese have been investing at scale globally in that capability for decades now, thinking long term. And a lot of the rest of us have not been thinking long term. We’re like, just-in-time globalization, how do we make the most money now for our next quarterly return? And that reality is making China not a better economy today, but it’s setting them up for a much stronger long-term trajectory.

So as a risk, you’re going to ask me to do this, it is not as critical as the US political revolution because this is focusing on 2026 and China is playing out over a longer period of time, but it is absolutely severe because the Chinese understand that long-term, as countries are saying the Americans are less predictable and we’re more vulnerable to their sudden changes in decisions, many more countries are saying, well, we want to hedge and do more with the Chinese. And those decisions really matter.

What Happens Next: The Future of Global Order

STEVEN BARTLETT: If this continues, if this direction of travel continues, what happens next in terms of global order, in terms of the Middle East, in terms of all of these things we’ve talked about?

IAN BREMMER: Trump will fail.