The chapter explores the debate on whether authoritarianism might surpass Western liberal democracies, challenging common beliefs. It discusses the historical context of liberalism and authoritarianism, China's experimentation with personal and economic freedoms, and the impact of the internet on information aggregation. The conversation delves into theories on markets and democracy, the impact of the internet on authoritarian states' data access, and the challenges faced by liberal democracies in the modern world.
What if the information anarchy of the internet spells the downfall of liberalism?
Economist Noah Smith and Ethereum Founder Vitalik Buterin join us for a fascinating discussion on why Authoritarianism might be the answer to the current information warfare. Yes, you heard that right.
We start the episode by defining liberalism, how it has brought excessive polarization and why totalitarianism might be the only solution left. We then steelman the case against this same argument and how blockchains and crypto could play a role in all this.
0:00 Intro 8:53 Defining Liberalism 21:50 Information Warfare 42:17 Summarizing the Argument 55:09 Could the Thesis be Wrong? 1:11:12 Information Leviathans 1:34:13 The Role of Blockchains 1:38:22 Closing & Disclaimers