"Econ 102" with Noah Smith and Erik Torenberg

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

45 snips
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.
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INSIGHT

Taiwan Invasion Timeline

  • The greatest danger of a Taiwan invasion is this decade.
  • China faces demographic issues and declining manufacturing power in the 2030s.
INSIGHT

Trudeau's Economic Legacy

  • Trudeau's economic legacy is negative due to neglecting Canada's core economic issues.
  • He relied on oil and low-skilled immigration to mask low productivity and investment.
ADVICE

Advice for Next Canadian Administration

  • Prioritize figuring out why Canadian businesses aren't investing.
  • Use all available tools to encourage investment and innovation.
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