This week, Noah Smith and Erik Torenberg explore the possibility of a Chinese invasion of Taiwan, Xi Jinping's political future, U.S.-China tensions, Trump's and Biden's policies, the 2019 global protests, China's economic troubles, and the challenges facing Western nations, while also emphasizing the need for bipartisan cooperation on U.S. industrial policy.

--

🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse.

--

RECOMMENDED PODCAST: Modern Relationships

Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. This season's guests include: Delian Asparouhov & Nadia Asparouhova, Kristen Berman & Phil Levin, Rob Henderson, and Liv Boeree & Igor Kurganov.

Apple: https://podcasts.apple.com/us/podcast/id1786227593

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg

YouTube: https://www.youtube.com/@ModernRelationshipsPod

--

Highlights from the Episode:

China faces significant economic headwinds with deflation and productivity challenges, requiring major policy interventions including potential bailouts to address their real estate crisis.
Justin Trudeau's legacy in Canada is marked by criticism of his economic management, the country's ongoing productivity challenges, an overreliance on the oil sector as a temporary fix for deeper economic issues, and stagnant business investment despite partial recovery in oil prices.
The conservative coalition in America has evolved to become more diverse, with Latino and Asian voter shifts playing a crucial role in recent electoral outcomes.
Biden's industrial policy has shown success in areas like solar panel manufacturing and chip production, despite implementation challenges around DEI and union requirements.
Elon Musk's involvement in European politics is analyzed in terms of how Europe could counter his influence through market access, with an observation that his focus on the region may be part of rebuilding a coalition after disputes over immigration.

--

SPONSORS:

Notion

📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://notion.com/upstreampod

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

--

SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

The Players on the Eve of Destruction: https://www.noahpinion.blog/p/the-players-on-the-eve-of-destruction

How do we measure whether China's economy is "ahead" of America's?: https://www.noahpinion.blog/p/how-do-we-measure-whether-chinas

Biden's tarnished industrial legacy: https://www.noahpinion.blog/p/bidens-tarnished-industrial-legacy

Trudeau was a poor steward of Canada's economy: https://www.noahpinion.blog/p/trudeau-was-a-poor-steward-of-canadas

Civility, Speech and Stroopwafels