Uploaded February 2025 | Updated September 2026, 8 hours ago
This week, Noah Smith and Erik Torenberg discuss the urgent need for the U.S. to revitalize its defense industrial base in response to global tensions, addressing listener Joshua Milton's concerns about U.S. readiness for potential conflicts, the importance of reducing reliance on China, strengthening alliances with nations like Japan, India, and Europe, and the economic implications of defense spending, especially in light of the Ukraine war.
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SPONSORS:
NetSuite
More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
Incogni
Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: incogni.com/econ102
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
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RECOMMENDED IN THIS EPISODE:
Noahpinion: https://www.noahpinion.blog/
Americans are still not worried enough about the risk of world war: https://www.noahpinion.blog/p/americans-are-still-not-worried-enough
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TIMESTAMPS:
(00:00) Intro
(00:23) U.S. readiness for global conflicts
(00:48) Reviving the U.S. defense industrial base
(01:54) Role of drones and semiconductors
(02:16) Dependence on China and reshoring efforts
(03:19) Impact of the Ukraine war on U.S. defense
(05:08) Building alliances to counter China
(06:52) Historical context: Preludes to world wars
(09:22) Cold War 2 vs. World War 3
(10:28) Sponsors: NetSuite | Incogni
(13:04) Outro
This week, Noah Smith and Erik Torenberg discuss the urgent need for the U.S. to revitalize its defense industrial base in response to global tensions, addressing listener Joshua Milton's concerns about U.S. readiness for potential conflicts, the importance of reducing reliance on China, strengthening alliances with nations like Japan, India, and Europe, and the economic implications of defense spending, especially in light of the Ukraine war.
--
đ°Be notified early when Turpentine drops new publication: turpentine.co/exclusiveaccess
--
SPONSORS:
NetSuite
More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
Incogni
Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: incogni.com/econ102
--
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
--
FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
--
RECOMMENDED IN THIS EPISODE:
Noahpinion: https://www.noahpinion.blog/
Americans are still not worried enough about the risk of world war: https://www.noahpinion.blog/p/americans-are-still-not-worried-enough
--
TIMESTAMPS:
(00:00) Intro
(00:23) U.S. readiness for global conflicts
(00:48) Reviving the U.S. defense industrial base
(01:54) Role of drones and semiconductors
(02:16) Dependence on China and reshoring efforts
(03:19) Impact of the Ukraine war on U.S. defense
(05:08) Building alliances to counter China
(06:52) Historical context: Preludes to world wars
(09:22) Cold War 2 vs. World War 3
(10:28) Sponsors: NetSuite | Incogni
(13:04) Outro
![Analyzing Economies: England, France, Germany, Poland, Turkey, & the EU [Round 2]](https://i.ytimg.com/vi/wHoIKwBTs1k/mqdefault.jpg "Analyzing Economies: England, France, Germany, Poland, Turkey, & the EU [Round 2]
In our second installment of Analyzing the Economies Around the World, Noah Smith and Erik Torenberg cover Europe and Turkey. They discuss the UKs productivity issues, Frances nuclear energy investments, Germanys weaknesses, Polands economic success, Turkeys economic policies, and immigration challenges across the EU and Europe.
This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture â all from the perspective of industry insiders and experts. Weâre launching new shows every week, and weâre looking for industry-leading sponsors â if you think that might be you and your company, email us at erik@turpentine.co.
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SEND US YOUR Qs FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
Links:
Noah Smiths 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
(00:30) UKs economic challenges
(07:25) Frances nuclear power success
(12:02) Germanyâs trust problem
(24:28) Sponsor: Turpentine
(25:36) Italyâs stagnant and declining economy
(26:33) Polands economic rise
(31:24) Poland responding to external threats
(32:25) Europes immigration challenges
(45:13) EUs future despite economic and regulatory obstacles.
(52:34) Turkeys economic landscape and prospects
(58:17) Wrap
Music license:
#2850")
