The Remnant with Jonah Goldberg Economists Without Borders
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Feb 5, 2025 Alex Tabarrok, a professor at George Mason University and co-blogger at Marginal Revolution, dives into the remarkable facets of American democratic capitalism. He and the host explore the dichotomy of authoritarianism and democracy, analyzing China’s economic trajectory. The conversation shifts to the nuances of U.S. and European economic disparities, plus the misleading narratives surrounding energy politics. They also tackle cryptocurrencies, discussing their potential and pitfalls, before concluding with the changing landscape of AI and its societal implications.
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Recurring Authoritarianism
- Authoritarian and anti-democratic ideas are recurring throughout history.
- These ideas often arise from frustration with the perceived messiness of democracy and markets.
Succession Problem
- Even if authoritarianism works temporarily with a strong leader, succession poses a challenge.
- The replacement might be incompetent, worsening the situation.
China's Success
- China's economic success is often wrongly attributed to authoritarianism.
- Their growth resulted from embracing capitalism after 1978, not authoritarianism itself.