"Econ 102" with Noah Smith and Erik Torenberg
A Debate with Scott Sumner: Industrial Policy, China, and National Security
Jan 15, 2025
In this engaging conversation, Scott Sumner, a renowned economist and former director at the Mercatus Center, dives into the shifting dynamics of U.S.-China relations and its impact on industrial policy. He critiques the retreat from neoliberalism towards more authoritarian approaches, especially in manufacturing green technology. The discussion also highlights China's role in global climate efforts, debates the effectiveness of tariffs, and underscores the essential link between manufacturing capabilities and national security amid rising geopolitical tensions.
57:30
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Quick takeaways
- The podcast discusses a shift from neoliberalism towards industrial policy and authoritarian nationalism, reflecting changing global economic dynamics.
- Attention is drawn to China's manufacturing influence on green technology, raising concerns over U.S. trade barriers that may hinder climate progress.
Deep dives
Reflections on Time and Life
The discussion highlights how time perception changes with age, particularly referencing the sentiment that life can feel as though it's largely been lived by a certain age. One participant notes that even at 35, time seems to be accelerating compared to their 20s, indicating a universal experience of time's fleeting nature. This realization can provoke deeper reflections on life choices and future aspirations. The conversation sets the tone for the introspective topics that will unfold throughout the episode.
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