US vs China: Who Will Win ft. John Steele Gordon

This conversation explores the complex relationship and competition between the United States and China, focusing on their economic, military, and technological standings. John touches upon historical shifts in global power, comparing the potential transition from US to China dominance with past shifts, such as from the UK to the US. Their discussion highlights China's remarkable economic growth post-Mao Zedong and its embrace of capitalism, yet contrasts this with recent trends under Xi Jinping's leadership towards more state control and a crackdown on entrepreneurial freedom. Additionally, John addresses China's demographic challenges, including an aging population and declining birth rates, which could hinder its long-term growth and influence. Despite these advancements, the narrative warns of the inherent instability in authoritarian regimes compared to the self-correcting nature of democracies, suggesting that China's current power may be peaking amidst internal and external pressures. 00:00 The Global Power Shift: US vs. China 01:07 China's Remarkable Journey and Current Challenges 01:59 The Aging Population Dilemma in China 03:08 The Clampdown on Entrepreneurial Freedom 03:30 Technology: The New Wealth of Nations 05:11 The Mixed Picture of China's Rise 05:28 The Fragility of Tyrannies vs. The Strength of Democracies 05:54 China: A Rising or Falling Power? #TechnologyWealth, #AdamSmithLegacy, #NewWealthOfNations, #TechDevelopment, #EntrepreneurialInnovation, #IndustrialEspionageConcerns, #ChinaTechAdvancements, #InnovationEconomy, #WealthGenerationThroughTech, #GlobalTechCompetition.