In episode 8 of ECON 102, Noah Smith and Erik Torenberg discuss the factors brewing up a major crisis for China’s economy, and what this means for the US and other international powers. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine
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TIMESTAMPS:
(00:00) Episode Preview
(01:37) Noah’s observations from his trip to Japan
(03:03) Chinese Economic Carnage
(04:09) Who is affected?
(04:59) How will falling resource prices affect inflation?
(14:12) China’s upcoming recession
(16:41) China’s building investments need to stop
(20:12) China’s paradox of thrift
(20:57) China’s boomer republican leaders
(21:39) What can China’s growth look like from here?
(27:11) What are China’s options for allaying the unrest?
(28:44) Extend and Pretend
(29:26) Balaji was wrong about China as diplomatic power
(33:18) China owns a Sri Lankan city now
(34:04) When Noah was most bullish on China’s future: the Hu Jintao era
(36:33) Xi JinPing as Stalin; Steve Ballmer
(40:00) The revolution of rising expectations theory in American
(44:52) Spelling out our biggest fears about China
(47:23) Successes in recent alliances: Japan and Korea alliances, India, Vietnam,
(51:00) What are we watching for next?
This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
Why China is Primed for Economic Carnage Worse than the US Financial Crisis of 2008 | "Econ 102" with Noah Smith and Erik Torenberg podcast - Listen or read transcript on Metacast
