In this interview on The Diary Of A CEO, Professor Jiang Xueqin outlines his framework for understanding global civilizational decline. He begins by tracing the petrodollar system from its post-WWII Bretton Woods origins to its 1970s restructuring, explaining how American global military hegemony and reserve currency status facilitated global trade and technological innovation.
Jiang introduces a key formula: technological progress equals specialization multiplied by globalization. He uses the semiconductor supply chain—highlighting Chinese control over raw materials like silicon, gallium, and germanium alongside Western chip design and lithography—to illustrate that no single nation can maintain modern technology in isolation. As regional wars in the Middle East and Eastern Europe choke trade routes like the Bab-el-Mandeb Strait, specialization breaks down, triggering technological and economic regression.
Drawing parallels to the Late Bronze Age Collapse (~1200–1150 BCE), Jiang argues that highly integrated empires collapse simultaneously when cascading shocks hit energy, food, and security networks. He identifies imperial hubris as a psychological driver of decline, asserting that as leadership power increases, empathy and strategic imagination decrease, leading to self-destructive escalations.
Finally, Jiang presents several core predictions: an escalating US-Iran conflict that forces US attacks on Iranian civil infrastructure; a transition by Russia into total war mobilization against Europe; a cyber-financial 9/11 attack targeting Western digital bank servers; and severe domestic unrest in major US cities. He concludes with a personal reflection, arguing that enduring systemic chaos requires individuals to shift away from material wealth toward spiritual faith, family resilience, and moral truth.