Why does China build so much faster—and what does that reveal about two very different ways of running a society?
Ryan and David sit down with Dan Wang, author of Breakneck: China’s Quest to Engineer the Future, to unpack China’s “engineers-in-charge” model versus America’s “lawyerly” governance.
We cover how this shapes daily life and growth (from subways and high-speed rail to batteries, EVs, and drones), common western misconceptions about China (surveillance, social credit, “imminent collapse”), why U.S. capital markets soar while Chinese manufacturing dominates, what an American “abundance agenda” could look like, and Dan’s closing prescription: the U.S. needs ~20% more engineering; China needs ~50% more rights-protecting legalism.
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast
🐂BULLISH | TRADING COMPETITION
https://bankless.cc/trading-competition
💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors
------
TIMESTAMPS
0:00 Intro
0:45 US Lawyers vs China Builders
8:50 Becoming Elite in China vs US
14:55 Motivating Forces
18:26 China’s Misconceptions
24:38 Protests in China
26:00 US vs China Innovation
27:59 Digital Authoritarianism
34:49 Social Credit System?
36:51 Will China Collapse?
42:53 China & Crypto
47:59 China’s Capital Markets
49:46 Path to Wealth
54:29 Property Rights
58:49 Stock Price vs Productivity
1:02:35 The 1960s
1:04:56 Abundance Agenda
1:06:51 US Weakness Relative to China
1:10:53 The Best of Both Worlds
1:13:43 Is China a Security Threat?
1:14:52 US Manufacturing Comeback?
1:20:20 US Global Talent Hub
1:25:07 China’s US Misconceptions
1:27:03 US Success Scenario
1:29:39 Closing & Disclaimers
------
RESOURCES
Dan Wang
https://x.com/danwwang
Breakneck: China's Quest to Engineer the Future
https://www.amazon.com/Breakneck-Chinas-Quest-Engineer-Future/dp/1324106034
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
