Uploaded March 2024 | Updated September 2026, 8 hours ago
In this episode, Noah Smith and Erik Torenberg talk about the world's biggest economies including US, China, Japan, Korea, Taiwan, India, Russia, Australia, and more, looking at things like inflation, debt, industrial policy, and population challenges. They talk about what each country does well and where they might struggle, and offer ideas about what could happen next.
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.
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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SPONSOR: BRAVE
Get first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to brave.com/brave-ads and mention “MoZ” when signing up for a 25% discount on your first campaign.
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Links:
Noah Smith's Noahpinion https://www.noahpinion.blog
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X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
@TurpentineMedia (Turpentine)
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TIMESTAMPS:
(00:00) Intro
(01:03) U.S. Economy: Trends and Concerns
(08:01) Transition to China Economy: Massive Property Bust
(15:28) Sponsor: Brave | Turpentine
(21:36) Segue to Japan Economy: Key Hub of the Electronics Manufacturing
(30:11) Korea Economic Struggles
(33:05) South Korea's Technological Capabilities and International Relations
(34:14) Exploring Taiwan's Economy and Challenges
(36:22) Indonesia's Manufacturing Shift
(37:55) Vietnam's Economic Strategy and Development Needs
(40:31) India's Poverty Reduction and Infrastructure Investments
(44:26) Pakistan Economic Mismanagement
(48:38) Philippines: Underrated Investment Destination
(49:33) Transition to Australia: The Progressive Utopia
(52:02) Russia Economy at War
(59:59) Wrap
Music licenses:
#2850
UP0YJUGUAQMJBMC2
In this episode, Noah Smith and Erik Torenberg talk about the world's biggest economies including US, China, Japan, Korea, Taiwan, India, Russia, Australia, and more, looking at things like inflation, debt, industrial policy, and population challenges. They talk about what each country does well and where they might struggle, and offer ideas about what could happen next.
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.
-
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
-
SPONSOR: BRAVE
Get first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to brave.com/brave-ads and mention “MoZ” when signing up for a 25% discount on your first campaign.
-
Links:
Noah Smith's Noahpinion https://www.noahpinion.blog
-
X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
@TurpentineMedia (Turpentine)
-
TIMESTAMPS:
(00:00) Intro
(01:03) U.S. Economy: Trends and Concerns
(08:01) Transition to China Economy: Massive Property Bust
(15:28) Sponsor: Brave | Turpentine
(21:36) Segue to Japan Economy: Key Hub of the Electronics Manufacturing
(30:11) Korea Economic Struggles
(33:05) South Korea's Technological Capabilities and International Relations
(34:14) Exploring Taiwan's Economy and Challenges
(36:22) Indonesia's Manufacturing Shift
(37:55) Vietnam's Economic Strategy and Development Needs
(40:31) India's Poverty Reduction and Infrastructure Investments
(44:26) Pakistan Economic Mismanagement
(48:38) Philippines: Underrated Investment Destination
(49:33) Transition to Australia: The Progressive Utopia
(52:02) Russia Economy at War
(59:59) Wrap
Music licenses:
#2850
UP0YJUGUAQMJBMC2







![Explaining Kamala’s VP Pick, the US Economy, Venezuela’s Fall and China’s Rise
This week, Noah Smith and Erik Torenberg discuss the implications of Tim Walz as Kamala Harris VP pick, the stock market chaos of Monday August 5th, the state of the U.S. economy, the economic collapse of Venezuela, and the growth of East Asian countries.
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SEND US YOUR Qs FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
LINKS:
Noahpinion: https://www.noahpinion.blog/
Whos weird?: https://www.noahpinion.blog/p/whos-weird
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TIMESTAMPS:
(00:00) Intro
(00:27) Discussion on the VP pick
(08:49) Democrats and the strategy of Return to Normalcy
(09:56) The Weirdness Discourse
(17:11) Sponsors: Babbel | WorkOS
(19:38) ‘Weirdness’ in politics
(23:44) Kamalas inconsistency
(26:16) Economic updates and market sentiment
(32:54) Economic indicators and unemployment trends
(36:23) Concerns about national debt
(40:00) The dollar milkshake theory
(42:07) Venezuelas economic collapse
(51:04) East Asian economic success stories
(01:00:01) Chinas growth and success
(01:03:44) Wrap Explaining Kamala’s VP Pick, the US Economy, Venezuela’s Fall and China’s Rise](https://i.ytimg.com/vi/iUns2mUI7LE/mqdefault.jpg)


