Why China is Primed for Economic Carnage Worse than the US Financial Crisis of 2008

"Econ 102" with Noah Smith and Erik Torenberg

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

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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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 [e-mail].