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Critical Capital

Critical Capital

The US-China rivalry runs through energy and minerals

Jun 9, 2026 · 36m

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On today’s stage, China is the rising global power, and U.S. dominance is under threat. Geopolitical tensions like wars in the Middle East and Ukraine, combined with supply chain disruptions and a growing demand for rare earth minerals, continue to strain the relationship. But that relationship is key to the future of energy in the United States. In this episode, Alfred Johnson talks with Harvard professor and geopolitical strategist Graham Allison. Together, they unpack the growing rivalry between the United States and China through the lens of the “Thucydides Trap,” a concept Graham popularized in his book “Destined for War.” The "Thucydides Trap" is the idea that when a rising power…