"Econ 102" with Noah Smith and Erik Torenberg

Canada After Trudeau, Immigration Debate, and China's Economy

Jan 9, 2025

Geopolitical tensions between the U.S. and China take center stage, with discussions about a potential invasion of Taiwan and the implications for Xi Jinping's leadership. Economic challenges in China, such as deflation and a real estate crisis, are analyzed, stressing the need for government intervention. The evolving landscape of U.S. politics, influenced by shifting demographics, is explored alongside critiques of Canada’s stagnant economy. Lastly, the significance of global protests in 2019 is highlighted, linking them to broader political and societal changes.

01:01:33

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Quick takeaways

China is facing significant economic struggles like deflation and falling productivity, necessitating urgent policy changes and potential bailouts.

The evolution of America's conservative coalition highlights shifting voter demographics, with Latino and Asian populations playing increasingly crucial electoral roles.

Biden's industrial policy has yielded notable successes in sectors such as solar panel manufacturing, showcasing effective government intervention in the economy.

Deep dives

The Importance of Power Couples in Tech

The discussion highlights the concept of modern relationships, particularly among ambitious individuals in the tech industry. It emphasizes the unique challenges these power couples face as they navigate dating, marriage, and parenthood while maintaining their careers. The experiences of Delian Asparuhov and Nadia Asparuhov serve as a prime example of how they have managed to overcome obstacles together. The narrative encourages listeners to consider how successful partnerships can evolve in the context of modern professional life.

Intro

2min

Geopolitical Dynamics and China's Future Challenges

3min

Critique of Leadership and Economic Challenges in Canada

8min

Exploring U.S. Territorial Ambitions

4min

Insightful Sponsorship Messages on Business Solutions

2min

Global Protests and Political Dynamics in 2019

24min

Economic Turbulence and Political Dynamics

17min

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.

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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

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