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Dan Wang, author of Breakneck, joins to analyze the rise of the Engineering State. China prints widgets, while America prints dollars. But both superpowers are now engaged in humiliating self-sabotage. The only force capable of defeating the USA is the USA. Dan and Balaji cover the discontinuity from Mao to Deng, the dominance of Chinese manufacturing, and the debate over the 21st century: is the true rival to China the United States, or Bitcoin? If these ideas interest you, we're building startup societies at Network School. You can apply online at https://ns.com. OUTLINE 11:03 - America works really well for the rich 16:50 - The Disunited States 27:48 - Digital borders and physical borders 31:52 - The v1-v4 arguments on China 40:41 - No country will completely implode 59:53 - Why zero COVID really ended 1:06:19 - China's amazing capability to produce widgets 1:07:26 - US manufacturing base could be de-industrialized 1:14:55 - Fukuyama's Origins of Political Order 1:21:26 - Tech is a class REFERENCES Breakneck: China's Quest to Engineer the Future | Dan Wang: https://www.amazon.com/Breakneck-Chin... Deng Xiaoping's Long War: The Military Conflict between China and Vietnam, 1979 - 1991: https://uncpress.org/9781469642345/de... One-child policy: https://en.wikipedia.org/wiki/One-chi... American Military Bases in Okinawa: https://japaneseplus.org/2021/04/26/a... Gang of Four: https://en.wikipedia.org/wiki/ Sino-Vietnamese War: https://en.wikipedia.org/wiki/Sino- China naval modernization: https://chinapower.csis.org/china-nav... Working Group on Financial Markets: https://en.wikipedia.org/wiki/ China gaming shares fall after new proposals: https://www.theguardian.com/world/202... China to set salary cap in finance sector: https://www.scmp.com/business/china-b... China mandates EdTech companies be nonprofit: https://kr-asia.com/china-mandates-al... China dominates shipbuilding industry: https://www.csis.org/analysis/china-d... China's three red lines policy: https://eac-consulting.de/china-three... Trump on Xi: https://www.wsj.com/opinion/donald-tr... Xiaomi SU7 Ultra lap record note: https://nuerburgring.de/news/rekordru... Xi meets California Governor: https://english.news.cn/20231025/d523... U.S. manufacturing employment: https://fred.stlouisfed.org/series/ China housing index: https://tradingeconomics.com/china/ho... 20th Politburo Standing Committee (interactive): https://multimedia.scmp.com/infograph... An award-winning mathematician (Terence Tao): https://newsletter.ofthebrave.org/p/i... Plaza Accord: https://en.wikipedia.org/wiki/Plaza_A... SOCIALS https://x.com/ns https://x.com/danwwang https://ns.com/