China Is Winning, Trump Doesn't Know It Yet
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What is the main topic discussed in this episode?
Today is all about China and America. The G2, the big two, are meeting today in Beijing. Question is, who is in the ascendancy? We're going to look at a little bit of Greek economic history. We're going to look at pre-First World War economic history. We're also going to look at rare politics from the point of view of today. That's all coming up. America and China in a couple of minutes on the podcast.
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What historical context is relevant to the China-America relationship?
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To understand the economy, you have to understand human nature. How are you doing there? It is time for the podcast. John is doing a particularly brilliant, maybe largely late 19th century Chinese imitation, which might not go through the censors filter these days. But nonetheless, we're going to be talking about China. We're going to be talking about America, where we talk about the summit between Xi Jinping and Donald Trump, which is occurring as we speak in Beijing. This is seen as the meeting... Of the G2, the two great powers in the world. We're going to tease it out. What does it mean economically, politically, geostrategically? What does it all mean for us? So quite apart from your Kung Fu Panda impressions, which were particularly resonant there.
How are you?
I'm good. I'm good. You know, I was wondering what the vibe in the room would be like as Trump walks in to meet Xi. Like... it's going to be really awkward. Because on one hand, you have Xi supplying Iran with loads of tech and missiles, apparently, allegedly. And then Trump choking China's oil by the Straits of Hormuz. By bombing the Straits of Hormuz. So how do they... I'm just wondering, like, you know how blunt and undiplomatic I can be. I just wonder... I do. Dear listener, you have no idea what it's like dealing with this creature. But I've just wondered, how do you, what's the opener of that conversation? Before it descends into a shouting match, you know?
Well, I think you've put your finger on something really interesting here. And it really reflects how the world has changed. The last time there were two great superpowers sitting down together, unambiguous superpowers, it was the Soviet Union and the United States about 30 or 40 years ago. And I remember doing a documentary from Iceland. And it was against the background of the crash in Iceland and the banks failing in Iceland. But what really fascinated me was also, there was a little, so if you go to Reykjavik, tiny little city, beautiful, unusual. You have like the mad Atlantic Ocean out there, like the North Atlantic. And then you have this big mountain range behind it. And just nestled in under the mountains is this very small, very unprepossessing,
City, Reykjavik. And in Reykjavik, just down by the sea, there is a tiny bungalow. Again, an unprepossessing, nothing outrageous bungalow. And in that bungalow, Reagan met Gorbachev on their own. There were two chairs. There were two chairs on their own, on their own with the two translators to begin the process of nuclear disarmament in the 1980s. And I remember when I went to Reykjavik, I thought to myself, I have to see this place. I have to walk around. I have to go into this little place. To begin the process of nuclear disarmament in the 1980s. The fuck? John's AI has just spoken to me. His Chinese AI has just spoken to him from his phone. We just burst into life there. There you go. There you go. Little did you know that the Dave McWilliams podcast is actually entirely AI generated.
So there I was. That's what you call a hallucination. This is what you call loose broadcasting, not a hallucination. Loose broadcasting. There I was in Reykjavik. Just trying to take that in. Now, again, my point I'm making is that in the old days, they used to get a neutral venue where neither side... was playing at home, where both sides were kind of exposed, where there was a neutral referee, in this case the Icelandics, who were kosher with the Russians and kosher with the Americans, that nobody could actually say, well, we don't want to sit down in their country.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–0:31
2
What historical context is relevant to the China-America relationship?
0:31–5:07
3
How do the leaders' meeting dynamics reflect global power shifts?
5:07–30:15
4
What is the Thucydides Trap and how does it relate to China and America?
30:15–41:08
Speakers
3 identifiedMore from The David McWilliams Podcast
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