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Patrick O'Shaughnessy interviews Dan Wang, author of "Breakneck," about China's rise as a technological superpower and its complex relationship with the United States. Wang explores China as an "engineering state" that excels at manufacturing and scaling innovations, contrasting it with America's "lawyerly society" that prioritizes debate but struggles with execution. The conversation covers China's manufacturing dominance, the Communist Party's social engineering practices, investment opportunities and risks in Chinese companies, and the future dynamics between these two superpowers. Wang draws from his six years living in China as a technology analyst, offering insights into everything from factory visits to the potential for conflict over Taiwan. This deep dive examines how China's breakneck development pace comes with significant trade-offs in human rights and individual freedoms. TIMESTAMPS: 0:00 Intro 0:49 The Engineering State 2:41 Historical Roots of China's Mindset 4:25 The Key US Advantage: Pluralism 7:42 Deconstructing Innovation: US Spark vs. China's Prairie Fire 12:42 Who Will Adapt Faster? 15:09 How the US Can Revive Manufacturing 18:11 America's Many "Sputnik Moments" 22:34 Surprising Similarities Between Americans and Chinese 27:42 A Tour of China's Bleeding-Edge Cities 34:15 Comparing Work Ethic 38:27 The Investor's Dilemma: The ByteDance Paradox 45:01 Future Equilibriums for Two Superpowers 51:00 The Lawyerly State vs. The Engineering State 59:56 Why China Won't Collapse Like the USSR 1:03:49 Seeing Like a State: Why So Many Are Fleeing China 1:14:18 The Race for AI Supremacy 1:19:33 Lessons from Huawei and Xiaomi 1:41:00 Kindest Thing #china #Technology #Manufacturing #Geopolitics #Innovation #Investment #Engineering #SiliconValley #Trade #GlobalEconomy Presented by Ramp: https://ramp.com/business-cards?utm_s Sponsored by AlphaSense and Ridgeline: https://www.alpha-sense.com/invest/ https://www.ridgelineapps.com/ ****** Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc