This week, Noah Smith and Erik Torenberg explore how nostalgia influences politics and economic policy in the US and China, comparing their consumer cultures, industrial strategies, and the complex effects of tariffs on domestic economies and global relations.
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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FOLLOW ON X:
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@eriktorenberg
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RECOMMENDED IN THIS EPISODE:
If you think Americans are mad now, just wait a few months: https://www.noahpinion.blog/p/if-you-think-americans-are-mad-now
Noahpinion: https://www.noahpinion.blog/
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TAKEAWAYS:
Nostalgia in Politics: They discussed the role of nostalgia in politics, both in the US and China.
Cultural Evolution: US and China: Noah argues China and America are more culturally similar than America and Germany due to both having replaced ancestral cultures with mass consumerism.
Tariffs and Economic Impact: The conversation analyzes Trump's tariff policies and their economic consequences.
US-China-Europe Relations: Europe may increasingly partner with China economically as US relations deteriorate.
Economic Consequences of Trade Policy: Noah argues tariffs don't reindustrialize a country but actually deindustrialize it.
