Electric Vehicles, Tech Giant Land Grab and Co-Host Joanna Stern
Aug 29, 2023
01:04:21
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Joanna Stern, Wall Street Journal columnist, co-hosts with Kara as they delve into topics such as Trump's mugshot merch, the best EVs on the market, Silicon Valley buying land in northern California, and the state of social upheaval in the U.S.
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Quick takeaways
Elite overproduction and declining living standards are driving societal crises and the creation of counter-elites that channel popular discontent.
AI technology, particularly in professions like law, poses a threat to societal stability by exacerbating the issue of overproducing lawyers.
Peter Turchin's data-based predictions suggest the United States is heading towards a period of social upheaval, requiring proactive measures to address declining living standards and elite overproduction.
Deep dives
The Impact of Elite Overproduction and Popular Immigration on Societal Crisis
One of the main factors driving societal crisis is the combination of declining living standards for the majority population and elite overproduction. Elite overproduction occurs when there are too many aspiring elites competing for a limited number of power positions. This can lead to the creation of counter-elites who organize and channel popular discontent. In the United States, there has been an overproduction of lawyers, which poses a potential danger as they are often associated with counter-elites. Additionally, the prediction made in 2010 about social upheaval in the 2020s has been unfolding as anticipated, with ongoing trends exacerbating the crisis. However, addressing the deep causes of the crisis requires political leaders to act in the interests of society and address issues such as declining living standards through measures like increasing the minimum wage.
The Influence of AI and Elite Overproduction
AI has the potential to further exacerbate the issue of elite overproduction, particularly in professions like law where AI technology can automate a significant portion of the work. Overproducing lawyers can lead to an increase in counter-elites who work against the system. In the United States, there has been a threefold increase in law graduates compared to available positions. With AI's ability to replace tasks performed by lawyers, this overproduction could be amplified, posing a significant threat to societal stability.
The Implications of Peter Turchin's Predictions and End Times
Peter Turchin's predictions on societal crisis and end times are based on the science of history and the analysis of historical data. The predictions indicate that the United States is currently heading towards a period of social upheaval driven by factors such as declining living standards and elite overproduction. Turchin suggests that solutions to these crises require political leaders who address the underlying causes, such as increasing minimum wage. However, without this understanding and concerted efforts to address the crisis, the situation may worsen before any meaningful resolution is achieved. The end times described by Turchin are often marked by turbulent transitions and have historically involved social revolutions, civil wars, and state collapse. While the future remains uncertain, Turchin's data-based approach provides insights into potential trajectories and the need for proactive measures to navigate these challenges.
The competition in the electric car market
The speaker discusses the growing competition in the electric car market and expresses concern about Tesla's ability to maintain its position amidst increasing competition. However, the availability of government incentives and Tesla's superior charging network are seen as factors that currently strengthen Tesla's position.
The future of electric cars and challenges
The speaker anticipates a future of increased competition in the electric car market, highlighting the importance of innovation and design. They also mention the role of government incentives and the potential challenges faced by Tesla, such as the perceived association with Elon Musk and the need to attract customers beyond the progressive demographic.
Wall Street Journal columnist Joanna Stern is Kara's co-host as Scott-free August comes to an end. They explore how Trump's mugshot is spawning merch from the right and the left, and what to expect from the upcoming iPhone 15. Then, Joanna's investigation into the best EVs on the market and why a group of Silicon Valley elite is buying up land in northern California. Our Friend of Pivot is Professor Peter Turchin, author of "End Times: Elites, Counter-Elites, and the Path of Political Disintegration." He explains why the U.S. is in a state of social upheaval and sees a few paths that could get us out of it.