Noah Smith & Matt Yglesias on the Electric Technology Crisis, China, and America's Future

Noah Smith & Matt Yglesias on the Electric Technology Crisis, China, and America's Future

This week, we're republishing a conversation Noah Smith and Matt Yglesias hosted live on Substack this past Monday. They revisit a wide-ranging conversation on the transformative role of electric motors, batteries, and industrial policy in a politically polarized era, touching on the history of energy, global economic competition, AI regulation, the Inflation Reduction Act, Democratic strategy, and the need to redefine America’s identity amid demographic shifts.


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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co

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@mattyglesias

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RECOMMENDED IN THIS EPISODE:

Noahpinion: ⁠⁠⁠⁠https://www.noahpinion.blog/⁠⁠⁠⁠

Slow Boring: https://www.slowboring.com/podcast

TAKEAWAYS:

  • America's Strategic Blindness: The US had momentum with the Inflation Reduction Act (IRA), which Noah calls "great industrial policy" that was working. However, because it was framed primarily as climate policy rather than technological/economic competition, Republicans killed it for culture war reasons, failing to understand its strategic importance.
  • The Climate Framing Problem: Matt was prescient in warning that framing industrial policy purely through climate would create Republican backlash. Noah admits Matt was right - while climate messaging helped pass the IRA initially, it made the policies vulnerable to being seen as "just some climate thing" rather than crucial economic policy.
  • The Obama Era Split: They trace how the 2000s gave their generation the "peace and love" progressive agenda (gay marriage, ending Iraq War), while the 2010s brought the "angry leftist" phase (riots, racial grievance politics) - unlike boomers who got both simultaneously.
  • Missing the Bush Playbook: During Bush's cascading failures (Iraq, Katrina, financial crisis), Democrats effectively built a broad coalition and defined clear opposition. Today, despite Trump's obvious failures (tariffs, debt, vaccine skepticism), Democrats aren't capitalizing similarly.
  • Narrow Target Strategy: Like successful campaigns in Australia, Democrats need to edit down their message to core critiques of Republican governance rather than trying to advance every progressive priority simultaneously.
  • Big Tent Revival: The party succeeded in 2006-2008 by recruiting diverse candidates and standing behind pro-gun, even some pro-life Democrats to clarify what the core message was versus peripheral issues.

Jaksot(114)

Why Libertarianism Fragmented, How the Right Became Statist, and Culture Wars

Why Libertarianism Fragmented, How the Right Became Statist, and Culture Wars

In episode 2, Noah Smith and Erik Torenberg track the fracturing of the Libertarian movement, the culture wars, and which ideas deserve not to die.We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | DAFFY | NETSUITE Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout. Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102 NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co--TIMESTAMPS:(00:00) Episode preview(12:54) Why did Libertarians lose?(15:00) Free trade failure in the 2000s(19:00) Libertarians jumping on the Trump train(19:45) Evolution to state-capacity libertarian(22:00) Culture wars vs. getting the economics right(27:30) Effect of money on politics(29:00) Urban fragmentation: San Francisco and New York(30:30) Hot take: Gavin Newsom underrated(37:00) How the right soured on the free markets and became became statist(39:00) Can a 'reset' work(40:20) Which ideas deserve not to die?--SPONSOR THIS PODCAST:We're looking for sponsors to partner with on this show. If you or your business might be interested, send us a note at erik@turpentine.co. Find out more here: https://www.turpentine.co/sponsors--LINKS MENTIONED:Where Does Libertarianism Go From Here? https://www.noahpinion.blog/p/where-does-libertarianism-go-fromTyler Cowen, State-Capacity Libertarianism https://marginalrevolution.com/marginalrevolution/2020/01/what-libertarianism-has-become-and-will-become-state-capacity-libertarianism.html--TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)--This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

18 Heinä 202349min

Foreign Policy, Industrial Policy, and Reflections on Biden thus far

Foreign Policy, Industrial Policy, and Reflections on Biden thus far

In our first episode of Econ 102, Noah Smith and Erik Torenberg discuss the highs and lows of Biden's first term, Biden's policies in comparison to previous presidents and other leaders, as well as China -- its real estate sector, industrial and manufacturing industries, and its views on tech.We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | DAFFY | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite  http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co--TIMESTAMPS:(00:00) Episode Preview(01:24) Overview of Biden's first term(02:56) The most important thing Biden's done (12:19) What are the chances of Trump returning?(14:03) In the 1970s once again(14:47) Woke concerns among Republicans(15:38) Noah's ideal foreign policy(17:46) Japan's importance in foreign policy(19:29) Main foreign policy concerns in the next cycle(20:30) The ideal containment strategy(22:55) China(26:23) Getting to 1 billion Americans as a foreign policy measure(27:24) Real estate in China(31:33) Comparing and contrasting Chinese and American industrial policy(37:02) China's stomp on the IT industry to encourage manufacturing(39:09) The difference in Chinese and American views of manufacturing (43:18) Revitalizing American manufacturing (46:08) The services industry(48:03) A shortage of human truckers --SPONSOR THIS PODCAST:We're looking for sponsors to partner with on this show. If you or your business might be interested, send us a note at erik@turpentine.co. Find out more here: https://www.turpentine.co/sponsorsThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

11 Heinä 202349min

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