Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics.
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Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics.
The 2nd China Shock: Why Chinese Companies Are Making Zero Profit
"Econ 102" with Noah Smith and Erik Torenberg
50 minutes 29 seconds
5 months ago
The 2nd China Shock: Why Chinese Companies Are Making Zero Profit
This week, Noah Smith and Erik Torenberg analyze recent global events—from a political shift in New York to the Israel-Iran conflict—while exploring U.S.-China economic dynamics, evolving industrial policies, and the risk of a recession. The conversation also touches on historical economic shifts, tariffs, and manufacturing trends.
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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FOLLOW ON X:
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RECOMMENDED IN THIS EPISODE:
China's industrial policy has an unprofitability problem: https://www.noahpinion.blog/p/chinas-industrial-policy-has-an-unprofitability
Noahpinion: https://www.noahpinion.blog/
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TAKEAWAYS:
New York City Politics: Discussion of a "Muslim socialist" winning what appears to be a NYC mayoral race.
Middle East Geopolitics: Analysis of recent Iran bombing and its economic implications.
China's Current Industrial Policy Problems: Xi Jinping's aggressive subsidization of strategic industries (EVs, semiconductors, batteries, solar panels).
Key Economic Insights: China's export percentage of GDP is now lower than many developed countries, but the absolute volume still creates massive global impact due to China's size.
US Manufacturing Revival: The importance of reducing regulatory barriers to enable more "sub-Elons" (entrepreneurs like Elon Musk).
"Econ 102" with Noah Smith and Erik Torenberg
Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics.
