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This week, I’m joined by Kyle Chan, author of the recent NYTimes Op-Ed titled "In the Future, China Will Be Dominant. The U.S. Will Be Irrelevant." Exploring the intense competitive pressures of Chinese “involution capitalism” and America’s fixation on shareholder returns, we discuss America’s waning relevance in global technology and manufacturing, and how critical choices made now could shape the economic and geopolitical landscape for decades. Chan is a postdoctoral researcher at Princeton University, an adjunct researcher at the RAND Corporation, and the author of the High Capacity newsletter. Subscribe to High Capacity: https://www.high-capacity.com/subscribe Read Chan's NYT Op-Ed: https://www.nytimes.com/2025/05/19/op... Listen to Decouple on: • Spotify: https://open.spotify.com/show/6PNr3ml... • Apple Podcasts: https://podcasts.apple.com/us/podcast... • Overcast: https://overcast.fm/itunes1516526694/... • Pocket Casts: https://pca.st/ehbfrn44 • RSS: https://anchor.fm/s/23775178/podcast/rss Website: https://www.decouple.media Chapters: 00:00 Introduction 4:35 Chan's Op-Ed 9:38 China's serious challenges 15:10 Turing weaknesses to strengths 19:30 Involution vs stock-buyback capitalism 26:31 Price declines in solar, batteries, etc. 31:12 Leading with clear industrial policy 35:58 Comparing the Chinese and US economies 38:52 Economic complexity index 43:56 Does America have any hope? 54:44 America's obsession with celebrity entrepreneurs 58:46 The role of the giant corporation 1:02:38 What revolutions will happen?