The Prof G Pod with Scott Galloway

Cold War II: China Tech vs. US Tech

Nov 5, 2020
Niall Ferguson, a historian and expert in global affairs, shares his insights on the escalating tech rivalry between the U.S. and China, likening it to Cold War II. He discusses the strengths and weaknesses of both nations and highlights the impact of COVID-19 on global power dynamics. The conversation dives into fintech developments, notably Ant Group’s IPO suspension. Ferguson also offers literary recommendations, suggesting how these works can illuminate current societal challenges.
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ANECDOTE

Galloway's Near Miss

  • Scott Galloway almost took his first company public at 34 and thought he'd be worth millions.
  • The market crashed, and he didn't get the jet he was eyeing.
INSIGHT

Scotland: The Original Startup Nation

  • Scotland was the startup nation of the 18th century, a dynamic economy centered around Glasgow and Edinburgh.
  • It later powered the British Empire through emigration and influence.
INSIGHT

The Shift to Cold War II

  • The US-China relationship shifted from symbiotic (Chimerica) to Cold War II around 2015, marked by China's IP acquisition and geopolitical ambitions.
  • Trump's election partially reflects a response to the Chinese threat, which the political elite downplayed.
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